How to Monitor Positions on thinkorswim Desktop

TL;DR

To monitor your positions on thinkorswim, go to the Monitor tab and select the Activity and Positions subtab. You can customize the display by adding or removing columns, sort your positions, and recognize important icons indicating alerts. Closing a position involves right-clicking the symbol, selecting Create Closing Order, and choosing the appropriate order type.

Transcript

Hello, traders. I'm Jeremy Kuhlman  and today, I'm going to show you how   to monitor your positions using thinkorswim®.  Keep in mind I'm showing thinkorswim desktop,   so things will look different on thinkorswim  Web or Mobile. So, let's jump in. Now, to monitor your existing positions,  let's start by going to the Monitor tab.   Here you can se... Read More

Key Insights

• 🧘 thinkorswim desktop offers robust tools for position monitoring and management.
• 🧘 Customizing columns and sorting positions enhances efficiency in tracking investments.
• 🩵 Understanding icons like blue light bulb and red phone aids in staying informed about earnings and news alerts.
• 🪈 Closing positions in thinkorswim involves creating a closing order and selecting the desired order type.

Questions & Answers

Q: How can you access the Monitor tab in thinkorswim?

To access the Monitor tab in thinkorswim, simply launch the platform and locate the tab at the top of the interface. Click on it to view the Activity and Positions subtab for position monitoring.

Q: What do the blue light bulb, red phone, and yellow symbol icons signify in thinkorswim?

The blue light bulb signifies an earnings announcement, the red phone represents an earnings call, and the yellow symbol indicates a news alert related to the company or position in thinkorswim.

Q: How can you customize columns in the position monitoring section of thinkorswim?

To customize columns in thinkorswim, click on the gear wheel icon and select or remove various items like trade price. You can also rearrange columns and choose from preset setups for ease of use.

Q: What is the process for closing a position in thinkorswim?

To close a position in thinkorswim, right-click on the symbol, select Create Closing Order, and then choose the Limit order option. Make any necessary edits, review, and send your order to close the position effectively.

Summary & Key Takeaways

• Jeremy Kuhlman demonstrates how to monitor positions using thinkorswim desktop.

• Navigate to the Monitor tab and focus on the Activity and Positions subtab.

• Customize columns, sort positions, understand icons, and close positions efficiently on thinkorswim.