New order functionality gives you more when placing your stock and option orders. You can now specify the exact date and time your order will remain effective with the new Good Till Date order qualifier, and you can sit back and relax while the Trailing Stop order follows the stock movement with Trailing Stop orders for Buy and Sell Short Trailing Stop orders.

Good Till Date (GTD) Order Qualifier

Good Till Date is a time-in-force order qualifier that allows you to select the expiration date and time through which your order will remain active. If your order is not filled by the date and time you select, it will be automatically cancelled.

Don't get confused! Good Till Date is very similar to the Good Till Cancelled (GTC) qualifier. The main difference between the two is that Good Till Date allows you to specify exactly when the order expires. Good Till Cancelled orders expire on a set schedule, the last trading day of the next month.

For example, if you enter an order on November 5th with a Good Till Cancelled qualifier, the order will remain active through the last trading day of December (unless filled before then). However, with the Good Till Date order qualifier, you can specify the exact date and time you would like to order to be good till, so you can say, for example, that you would like the order to expire on January 17th at 2:00 p.m. ET.

The Good Till Date order qualifier can be used on Limit, Stop, Stop Limit and Trailing Stop orders. You may specify a date up to 90 days out. The order must expire on a trading day (no weekends or holidays). You may specify the order expire at half hour intervals between 10 a.m. and 4 p.m. ET. The Good Till Date order qualifier cannot be used for pre-market and after-hours trading.

How to use Good Till Date on ScottradeELITE

• Open an order entry window
• Enter order information (buy/sell, symbol, limit/stop price, etc.)
• Select "Good Till Date" in the "Duration" drop-down boxes
• Click the calendar next to the expiration field to select the date you would like your order to remain active
• Select the time you would like your order to expire

View the Good Till Date Order Qualifier Webcast

Buy and Sell Short Trailing Stop Orders

You can now place Trailing Stops for buy and sell short orders, in addition to Sell and Buy to Cover orders that were previously offered.

Trailing Stop orders are designed to let the price of the stock move indefinitely in your favor and to trigger when the stock begins to move against you. The advantage of a Trailing Stop is that the order moves proportionately with the stock's movement without you having to monitor the stock on an ongoing basis.

For SELL and SELL SHORT orders, the Trailing Stop price is set BELOW the market price. If the market price rises, the trailing stop price rises proportionately. If the stock price falls, the stop price does not change. If the price falls past the stop price, the order is triggered.

For BUY and BUY to COVER orders, the Trailing Stop price is set ABOVE the market price. If the market price falls, the stop price falls proportionately. If the stock price rises, the stop price does not change. If the price rises past the stop price, the order is triggered.

How to place a Trailing Stop order on ScottradeELITE

• Open an order entry window
• Enter order information (symbol, quantity, duration)
• Select Point or Percent Trailing Stop in the Order Type drop-down box
• Enter the trail amount (1 = 1point, 1 = 1%)
• Click on Buy or Sell Short

View the Buy and Sell Short Trailing Stop Orders Webcast.

If you have any questions regarding the Good Till Date order qualifier or the Trailing Stop orders, please contact your local Scottrade Branch Office.