Place a Mutual Fund Order

 

The Place Mutual Fund Order page was designed to help you buy and sell mutual funds. Mutual Fund orders are filled after the regular market session, and therefore must be placed by 3 p.m. EST.

 

Note that for "Buy" orders, the quantity to be traded is in dollars. For "Sell" orders, the quantity is in shares.

 

To buy mutual funds, you must first have funds on deposit. Mutual funds are only eligible for purchase with cash.


Place a Buy Order for Mutual Funds

  1. Select Place Mutual Fund Order from the Trade drop-down menu.
  2. Click the "Buy" button.
  3. Enter the Dollar amount of shares you wish to purchase and the security symbol.
    The entry above can be read, "Buy $1500.00 of KAUFX".
  4. Click "Send" to enter your pending transaction.
  5. An Order Verification page will pop up. Confirm your order, then click "Place Order" to place the order, and close the window.
    "Change Order" and "Cancel Order" options are also available on this page. 



  6. An Order Acknowledgement page will appear to confirm your order.

Place a Sell Order for Mutual Funds

  1. Select Place Mutual Fund Order from the Trade drop-down menu.



  2. Click the "Sell" button.
  3. Enter Number of Shares you wish to sell and the security symbol.
    The entry above can be read, "Sell 400 shares of KAUFX".
  4. Click "Send" to enter your pending transaction.
  5. An Order Verification page will pop up. Confirm your order, then click "Place Order" to place the order and close the window.
    "Change Order" and "Cancel Order" options are also available on this page. 
  6. An Order Acknowledgement page will appear to confirm your order.

Understanding the Data Fields

BALANCES
Account Equity The sum of Securities Value and Cash in your account.
Securities Value The Current Market Value (CMV) of all positions you currently hold.
Cash The cash or cash equivalent in your account available for trades. Funds must be settled before withdrawal.
Margin Reqmnts Minimum amount that a client must deposit in the form of cash or eligible securities in a margin account as spelled out in Regulation T of the Federal Reserve Board.
Daytrader Buying Power (DTBP) The amount available at the present to purchase additional securities. It is roughly 4-times your Excess Equity.
Excess Equity Uncommitted reserve equity. EE equals your Account Equity balance minus your Margin Requirement balance.

 

POSITIONS
Type "1" indicates a non-marginable cash purchase;
"2" indicates that the purchase was made in a margin account;
"3" indicates a short sale;
"S" indicates a straddle.
Symbol The publically traded company's registered stock symbol.
Last The price of the most recently executed transaction.
Change The difference between the Last price and the Previous Close price.
Qty Number of shares held for long positions, or sold short for short positions.
Average Price The price at which the security was transacted (purchased or shorted). If the same stock was transacted over time at different prices, the prices are averaged together.
Profit/Loss Profit or Loss. Calculated as the difference between Average Price and Market Value, excluding commission cost.
Market Value Current Market Value (CMV). During the Market session, CMV for long positions equals Quantity times the Bid and for short positions equals Quantity times the Ask. After Market close, both long and short market values are computed as Quantity times the Last price of normal market hours.

OPEN ORDERS
Date Date the order was entered.
Time Time the order was entered in Eastern Standard Time (EST).
Order Number Unique number associated with your order.
Symbol The publically traded company's registered stock symbol.
Qty Number of shares held for long positions, or sold short for short positions.
Transaction Type Type of order entered: Buy, Sell, or Sell Short.
Status Status of your order: Submitted, Routed, Executed, Expired, Done for Day, etc.
Limit Limit price if entered as a Limit order.
Order Type Type of order placed: Market, Stop Market, Stop Limit, Limit, etc.
Stop Stop price if entered as a stop order.
Time In Force Time In Force: GTC, GTC+, DAY, DAY+