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Social Sentiment is a thinkorswim feature designed to help you with your trading decisions based on current trends in social media. This feature provides you with an outline of social media mentions of miscellaneous companies and their affiliated divisions, taking into account the mood of posts where these companies or divisions have been mentioned. Analyzing the relationship between the social media discussion around a certain company and the price of its underlying may be used to create trading signals. Posts presented in social signals are not subject to any fact-checking, may be without reasonable basis and claims may be unsubstantiated. Thoroughly evaluate all information before trading.
The working area of the thinkorswim platform can be divided into two parts: the left sidebar and the main window. The left sidebar is where you keep gadgets necessary for your work. The main window contains eight tabs, which provide you with numerous kinds of functionality: Monitor, Trade, Analyze, Scan, MarketWatch, Charts, Tools, and Help. All these tabs also have subtabs, each dedicated to a certain thinkorswim feature. The manual you’re reading now describes these features in detail (refer to the corresponding pages for more information), but for now, let’s focus on what can be found under the seven main tabs:
The Monitor tab is the primary location where your trading activity is tracked. This includes many kinds of data: your orders, positions, statements, cash balances, and trading account status.
The Trade tab contains the following interfaces: All Products, Forex Trader, Futures Trader, Pairs Trader, and Active Trader.
The Analyze tab provides you with analysis techniques of many kinds, including simulation of "what-if scenarios" on both real and hypothetical trades, volatility and probability analyses, the Economic Data indicator database, and option back-testing.
The Scan tab enables you to filter through tens of thousands of stock, option, futures and forex products available based on your search criteria.
The MarketWatch tab provides you with market data of many kinds as well as techniques that will help you process it. The following sub-tabs are available in MarketWatch: Quotes, Alerts, Visualize, Financing Rates, and Calendar.
The Charts tab provides you with a powerful graphic interface of real-time market data with an extensive selection of technical analysis tools.
The Tools tab encompasses several handy thinkorswim features: thinkLog, Videos, and Shared Items.
Today's Trade Activity
In the Today's Trade Activity section of the Activity and Positions tab, you can view and manage all your working, filled, and cancelled orders.
Your orders are organized into four groups in the Today's Trade Activity section:
- Working orders: Orders that have been placed but not yet filled.
- Filled orders: Orders that have been executed.
- Cancelled orders: Orders that have been cancelled, for example, because they were not filled by the end of the trading day.
- Rolling strategies: Complex orders for rolling options. Rolling is the process of buying back the short option near expiration and simultaneously selling the next expiration period's same strike option.
Here is how you can use Today's Trade Activity:
- To see the contents of each of the order groups, click on the 'tick' icon before its title. To hide the contents, click on this icon again.
- By default, the following columns are displayed in each of the groups: Time, Order ID, Description, and Status. You can add more columns by clicking on the More fields button on the far right of each group.
- You can sort each group by any column. To do so, click on the header of the by which you would like to perform the sorting. An up arrow will appear, which indicates the ascending sort. Clicking again will give the column the descending sort (indicated by a down arrow). To return to the unsorted state, left click on the header again.
In the Working Orders section, you can try to cancel an order or orders. To do so, right-click the order you would like to cancel and click Cancel.
To cancel multiple orders, try using the Cancel menu available from the Show actions button in the top-right corner of the Working orders section. In this menu, you can select a group of orders you wish to cancel: all working orders, all day orders, all day and Extended-Hours orders, all GTC (good till cancelled) orders, all buying orders, or all selling orders. In addition, you can try to cancel all the orders for a certain underlying.
To make changes to a working order, right-click it and select Cancel/replace order... This will redirect you to the order entry dialog so you can modify the order.
Note: Any order can get filled or partially filled while you are attempting to take any of the above actions.
In the Filled Orders section, you can view filled orders by specifications such as execution time, price, order type, etc. Click on the View Average Fill Prices button to view average buy and sell prices of each underlying you trade during the day.
Note: The numbers of fills you receive may not be equated to the number of orders you placed. Sometimes orders are filled in pieces, called “partial fills,” which may or may not be completed in full. Note also that trades partially executed over multiple trading days may be subject to commission charges for each trading day.