Help & How To Scottrade Trading Site Stock & ETF Trading Placing Stock & ETF Orders - Advanced One Cancels Other (OCO) Orders
Placing Stock & ETF Orders - Advanced
To place a One Cancels Other (OCO) order from your Scottrade account:
1. Click the Trade tab at the top of the page.
2. Click the Advanced Orders Link on the left side of the page.
3. Click on the tab that reads One Cancels Other/All
Order 1
1. Select the Security Type of your first order. You may place a conditional order for a stock, ETF or option.
2. Select your buy/sell action from the drop down menu.
3. Enter the number of shares you wish to buy or sell.
4. Enter your symbol.
5. Select the type of order you would like to trigger should the specified condition be met. You may select a market, limit, stop, stop limit or trailing stop order. Enter stop or limit prices or trailing stop information as needed.
6. Select the duration. You may select Day, Good 'til Canceled or Good 'til Date.
Order 2
1. Select the Security Type of your second order. You may place a conditional order for a stock, ETF or option.
2. Select your buy/sell action from the drop down menu.
3. Next, enter the number of shares you wish to buy or sell.
4. Enter your symbol.
5. Select the type of order for the second order.
6. Select the duration. You may select Day, Good 'til Cancelled or Good 'til Date.
If you would like to add a condition to the first or second order, click the Add Condition link for the corresponding order. Note that you will not be able to add a condition to a stop or stop limit order. If you would like to add another order to the order group to make it a One Cancels All order, click the "Add Another Order" link at the bottom of the page.
View Graphic
After verifying your order, then click on the Review Order button.
If the condition is met for a particular order, the remaining order will be canceled, only if the order tied to the condition executes.
Watch Trading and Accout Management in the Trading Website to see a demonstration of how to place a stock order and complete other tasks in the Scottrade Trading Website. To learn more about using different order types to enhance your trading, watch the Understanding Basic and Advanced Orders event recording.
Specific securities represented in this manual are for illustration purposes only. Any information concerning a particular security should not be considered a recommendation or a solicitation of that security. Illustrations may not represent current market values.
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