Page 272 - THE MARKET WHISPERER

268 PART 9 - The Trading Platform

5. Two possibilities: ANY, which is an instruction during buying or
selling to execute the trade for any quantity that can be obtained. For
example, if you wish to buy 400 shares and only 350 are being offered,
the trade will be executed for 350. The second option is AON, standing
for All Or Nothing, an instruction to execute the trade only if all the
quantity of shares you want is available. In other words, if 400 cannot
be bought, then buy nothing. I don’t recommend doing that.

6. The DEF (Default) button will bring you back to the default status if
you have changed any parameters in the meantime.

7. BUY button.
8. Order validity limitation. When DAY appears, the order will cancel at

the end of the trading day. When GTC appears, standing for Good Till
Cancelled, the order will remain open until you manually cancel it.
9. The trading account from which you execute orders. If you have several
accounts, such as portfolio managers do, you can use this window to
toggle between them.
10. Cancellation of any waiting order for the specific stock.
11. Order routing to different liquidity targets. We will learn more about
this later.
12. The SELL button.

6 – The Account Manager Window

The account manager window contains two tabs in the lower bar: one is
the open positions marked as POSITION, and the other is the ACCOUNT
tab. In the first, you will be able to see the profit and loss status of every
open trade. In the account tab, you can find a summary of all open or closed
activities. The image above shows a realized profit of $136; buying power
available to the account during the trading day, where BP stands for buying
power; the overnight BP; the number of trades, which here is two, and is
also known as Tickets; and the volume of trading day sales and purchases,