NEW to London Ontario in 2015!
Pints & Stocks is a FREE Stock Market Simulation Challenge. We are a group interested in the stock market and looking for an excuse to meet up for a beer each month.
Whether you’re an experienced stock trader or looking to learn and have fun. Pints & Stocks is for you!
Join now! Challenge your friends and other Londoners.
Location: Old South Village Pub
Time: 8pm (February 23rd)
Stock Market Challenge registration by February 1st
Please leave your email below or email firstname.lastname@example.org to be added to the game!!
How to Trade Stocks
This page will guide you the process of trading stocks on the Simulator.
If you’d like to learn more about what stocks are, check out our stocks basics tutorial.
1. First, you must know the stock symbol (sometimes called the ticker symbol) for the stock you’d like to trade. These symbols are used to identify the stock of a corporation. They range from one to five letters and are usually similar to the company’s name. For example, the ticker symbol of Microsoft is “MSFT” and the ticker symbol of General Electric is “GE”. We provide a Symbol Lookup tool where you can enter a company’s name and get the symbol.
2. After you know the ticker symbol, go to the order entry screen by clicking on “trade stocks” when on the portfolio page. You should get a page that looks like the following:
- Buy and sell is fairly self-explanatory.
- “Sell short” and “buy to cover” are more advanced trading techniques. We’re not going to get into it here, but short selling is a way to profit when a stock goes down in value. For more info, go to our short selling help file (coming soon).
- A market order is the most common order type. This simply means that you’ll buy at whatever the price the stock is currently trading at. The advantage is that it’s easier and your order is guaranteed to be filled. For most investors a market order is all they need. The only problem with market orders is that in a volatile market the price an order is filled at can deviate significantly from the last-traded price.
- A limit order sets the maximum or minimum price at which you are willing to buy or sell. For example, a buy limit order at $10 means that you will pay no more than $10 for the stock. Limit orders allow you to be more precise but this also means that you aren’t guaranteed to get your order filled.
- A stop order trades a stock when the price passes through a particular point. The most common usage of this is a “stop-loss order.” For example, if you own a stock that is currently at $20 you could set a stop-loss order at $15 in order to limit your loss to around $5. If the stock fell below $15 the stop order is activated and the stock would be sold at market price.
More info on order types can by found in our article entitled:”the basics of order entry.”
Symbol, Shares, and Term
The rest of the columns on the order entry screen are easy to understand:
- We’ve talked about what stocks symbols are, notice how in this example we’ve entered the ticker for Microsoft.
- The number of shares must be a number greater than 0.
- The term can be either “day order” or “good till cancelled (GTC)”. This is only valid for limit and stop orders as a market order is always filled right away. Day orders are valid until the end of the current trading day while GTC orders are valid until you cancel them.
- The box for “confirmation email” is optional if you want to receive an email with details of the order.
3. After you are happy with your order press “preview order” and you’ll be taken to a screen that looks like the following:
This screen confirms all the details of your order including the actual price and commission. If everything looks OK, hit “submit order.”
Assuming there are no problems with the trade you’ll be able to see the stock in your portfolio..