Opening Trades

How to open both stocks & options positions

Opening triggers; BTO is used to open long STO is used to open short

Stocks Format

Opening Long

BTO <ticker> @ <price> I.e. BTO AAPL @ 188

To open a long stock position, use the trigger BTO followed by the ticker, then the symbol @ before the price.

Example of opening a long position for $AAPL at the price of $188.00

Opening Short

STO <ticker> @ <price> I.e. STO AAPL @ 177.94

To open a short stock position, use the trigger STO followed by the ticker, then the symbol @ before the price.

Example of opening a short position for $AAPL at the price of $177.94

Options Format

Opening Long

BTO <ticker> <exp. date> <strike> <call/put> @ <price> I.e. BTO SPY 9/07 450 call @ 1.27 BTO SPY 9/07 450c @ 1.27

To open long options position, use the trigger BTO followed by the ticker, then the expiration date using MM/DD format (and /YY if next year), the strike price, and either attaching c or p to it or specifying call or put followed by the symbol @ and the price.

Example of opening a long Call position for $SPY, 9/07 expiration date, $450 strike price, and $1.27 for the price by using CMP

You can also use the format with expiration after strike & call/put I.e. BTO SPY 450c 9/07 @ 1.27

Opening Short

STO <ticker> <exp. date> <strike> <call/put> @ <price> I.e. STO SPY 9/08 450 call @ .32 STO SPY 9/08 450c @ .32

To open short options position, use the trigger STO followed by the ticker, then the expiration date using MM/DD format (and /YY if next year), the strike price, and either attaching c or p to it or specifying call or put followed by the symbol @ and the price.

Example of opening a short Call position for $SPY, 9/08 expiration date, $450 strike price, and $0.32 for the price by using CMP

Final Notes: - Do not use $ with tickers. - Submit using a specified price, or use CMP or M for submitting at the current market price. - Multiple trades can be submitted in a single message by using 3 back ticks (```) before and after the whole message.

Using Slash Commands

Submitting trades through slash commands has a more user friendly aspect to it but can take some seconds longer than text messages.

Stocks

Type in /open then select stocks.

Type in or select the direction Long or Short.

Input the ticker or select a provided ticker matching your input.

Enter in the price or use 0 for the current market price.

Notes can be added and are optional. Trade Styles (swing, scalp, etc.), Risk Factor Flags, and a Take Profit and/or Stop Loss (Setting TP/SL with trade submission) can all be added by using the notes.

Example of opening a long position for $AAPL at $177.90, adding the Earnings risk flag, and setting both TP/SL

Options

Type in /open and select options.

Type in or select the direction Long or Short.

Input the ticker or select a provided ticker matching your input.

For State, select Call or Put.

Enter in the date using the format MM/DD. (Use /YY if next year.)

Put in the strike price.

Enter in the price or use 0 for the current market price.

Notes can be added and are optional. Trade Styles (swing, scalp, etc.), Risk Factor Flags, and a Take Profit and/or Stop Loss (Setting TP/SL with trade submission) can all be added by using the notes.

Example of opening a long options call position for $SPY with $450 strike & expiration date of 9/07, adding the YOLO high risk flag, and setting both TP/SL

Did you know? Multiple trades can be submitted in a single text message by starting the message with 3 backticks (```) and ending the message with 3 backticks.