Set Order Options


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Tutorial Home >Internet >Online services >Online Investing >Making Online Trades >Set Order Options

  Step 1:  Understand Your Options

Open a Report
From the Schwab stock trading page, you can set several order options that can be very important if you want to specify exactly how to execute your order.
  Step 2:  Set Timing Options

Open a Report
From the Timing drop-down list, you can choose from several different options for timing your order. Choose Day Only if you want the order to be canceled at the end of the day if it isn't filled. Choose Good Until Canceled to indicate an open-ended order. Choose Fill or Kill if you want the order to be executed immediately or canceled.
  Step 3:  Set Dividend Options

Open a Report
Select Yes or No to indicate whether you want to reinvest dividends into additional shares of stock. This only applies to stocks that issue dividends.
  Step 4:  Set Special Conditions

Open a Report
You can also specify quantity conditions. Select Minimum Qty and enter the minimum if you want to buy or sell at least this amount of shares. Select Do Not Reduce if you don't want the number of shares reduced. Select All or None if you want to prevent your order from executing if it isn't for the entire number of shares you specified.