Place an order

You have modeled a trade and want it on. The Commit dialog records it in your journal, sends the order to Interactive Brokers (IB), or does both. Before anything leaves the app it shows the net price, the worst case, IB’s margin change and commission, and the excess liquidity you would have left.

Note

With the thinkorswim provider Tented cannot place orders. The dialog offers Copy for thinkorswim and Save instead; see Connect to Interactive Brokers.

Start a trade

Press ⌘N (CtrlN on Windows) from any view (not while you type in a text field), or click New in the Trades sidebar. The “New trade in” picker lists your accounts, with the one the sidebar is filtered to, or else the one you used last, first. Press Enter, click an account, or press ⌘1 to ⌘9 for the account in that place. Search matches name, broker number or type. Tented opens a blank draft in that account. With no accounts, New is disabled until you add one in Settings → Accounts.

To start from a thinkorswim order, pick Paste from thinkorswim at the bottom; see Paste a thinkorswim order.

Open the Commit dialog

• New trade: Draft page → Commit 4× iron condor (the button names the size and structure).
• Change to an open trade: build the change as a scenario in the trade builder, then click Commit in the scenario footer. The title then reads “Commit trade — updating #N name · SPX” instead of “Commit trade · SPX”.

Fill it in

1. Account (the journal account), Trade ID (Start new trade or an open trade in it; a draft commits as itself) and an optional Trade name (blank gets “Trade #N”).
2. IB account: where the order goes. It defaults to the journal account’s linked IB account; Use account default follows that link. While you are disconnected the field reads “Connect to IB to choose an account”.
3. Read the legs table and the facts: net credit or debit, Max loss and Max profit. On an addition to an open trade these read Order max loss and Order max profit, for the order’s legs alone.
4. Set the price and size (Lots and limit price), then choose Save, Send or Save & send (Save, send or both).
5. Optionally open Plan & notes: Edit plan sets the target, stop and alerts (Set a target and stop). A new trade takes a Thesis; an addition to an open trade takes an Adjustment note.

If Send is greyed out, see Commit or Send is disabled.