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.

Transcript

Hey traders. I'm Sarah Tyson, a Trader Service senior specialist here at Schwab, and in this video I'm going to give you a walkthrough of our trading platform thinkorswim® web, a web-based trading platform with many of the features and functionality that you're familiar with on thinkorswim desktop, however now available on a web-based trading platf... Read More

Key Insights

• 🕸️ thinkorswim® web is a web-based trading platform that offers similar functionality to the desktop version.
• 👤 Users can access the platform through trade.thinkorswim.com or the thinkorswim.com landing page.
• 👻 The platform allows for customization, including changing color schemes and creating watchlists.
• 🕸️ thinkorswim® web supports various order types and time and force options for placing trades on stocks and options.
• 🧘 Users can edit, cancel, and monitor orders, as well as close positions on the platform.
• 📭 Charts on thinkorswim® web provide detailed information about stocks, including open, high, low, and closing prices.
• 🕸️ Buying call options on thinkorswim® web is possible through the trade table or Option Chain.

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.