Introduction to thinkorswim® Web | Summary and Q&A

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November 4, 2023
by
Charles Schwab
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Introduction to thinkorswim® Web

TL;DR

This video provides a walkthrough of the thinkorswim® web trading platform, highlighting key features, such as watch lists, charts, and placing trades on stocks and options.

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Questions & Answers

Q: How can I access thinkorswim® web?

You can access thinkorswim® web by navigating to trade.thinkorswim.com or through the thinkorswim.com landing page. Simply enter your username and password to log in.

Q: Can I customize the thinkorswim® web platform?

Yes, you can customize the platform by changing the site's color, quote color, and language. You can also create watchlists and customize the columns within them.

Q: What order types are available on thinkorswim® web?

thinkorswim® web offers various order types, including LIMIT, MARKET, MARKET ON CLOSE, LIMIT ON CLOSE, STOP, STOPLIMIT, and TRAILSTOP. You can choose the most suitable order type for your trade.

Q: How can I buy call options on thinkorswim® web?

There are two ways to buy call options. You can either start an options trade from the trade table or begin the call option order from the Option Chain. In both cases, you can select the expiration and strike of the call before reviewing and sending the order.

Summary & Key Takeaways

  • The video introduces thinkorswim® web, a web-based trading platform with similar features to the desktop version.

  • Users can access thinkorswim® web by going directly to trade.thinkorswim.com or through the thinkorswim.com landing page.

  • The video covers the layout of thinkorswim® web, including the top bar, account summary section, and settings. It also demonstrates how to create a watchlist and customize the platform.

  • The video explains how to place trades on stocks and options, including selecting symbols, setting order types and time and force options, and reviewing and sending orders.

  • Additionally, the video shows how to edit and cancel orders, close positions, and set stop orders. It also provides a brief overview of charts and buying call options.

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