Conditional Orders

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The Trading menu allows you to place orders on stocks and options as well as conditional orders. It gives you a complete view of all your assets held at Desjardins Online Brokerage as well as all the assets of the accounts linked to your user ID. The Trading menu also allows you to view your current orders and details of executed orders.

Click on New Conditional Order to place one or more conditional orders.

Trade Triggers Order

The principle of this function is simple: you place a primary order that will trigger one secondary order. When the primary order is fully executed your secondary order will be triggered.

Example:

You want to buy 100 shares of AAPL at $105.00 and when executed place a sell order. The Trade Triggers Order ticket allows you to enable a sell order immediately after the shares are purchased. Here's how to place the orders: In the Primary Order section, place an order to buy 100 shares of AAPL with a limit price of $105. Then, in the Secondary Order section, place a sell order for 100 AAPL shares at a limit price of $110.00 for a potential profit of $5.00 per share.

Trade Cancels Order

All orders submitted through this feature will be active in the market but as soon as one of these orders is executed in full, the other will be canceled.

Example:

You have your eye on shares of two different companies, Apple and Google. You'd be a buyer of either of the two companies, whichever reaches your desired price first. You can use the Trade Cancels Order ticket to implement this strategy. The important thing is to have sufficient purchasing power in your account to cover the most expensive order placed. To illustrate our example here’s how to place the orders: In the first panel, place a buy order for 100 shares of AAPL with a limit price of $105.00. In the second order panel, place a purchase order for 50 shares GOOG with a limit price of $540.00. You cannot place a market order using this feature.