Investor Education Conference 2020: Leverage the Power of thinkorswim®

Afternoon, everybody, and welcome to Leverage the Power of the thinkorswim Trading Platform Today, we have Michael Ying– that is myself– and Shawn Cruz with us And we’re going to take you a little bit into some of the features and functionalities of the thinkorswim trading platform So just some important information that we’re going to touch on real quick is everything we talk about today is for example and educational purposes And also, any type of previous results are not always guaranteed for future success So with all that being said, a little bit about myself I have been at TD Ameritrade for a little over eight years I’m currently the product manager of our internal and external API program And we’ve done a lot of these different type of demonstrations across the country And if anyone wants to talk or learn more about noodles, as well, noodles is absolutely one of my favorite foods And with us today, we have Shawn Cruz, senior manager of Trader Services He’s been with TD Ameritrade for around a decade And he has both a Bachelors and Masters in Finance and Economics and currently holds a FINRA license, 7, 63, and 66 And you will see Shawn Cruz is a frequent contributor on our TD Ameritrade network So we got a lot packed for everyone today And basically, the whole idea of today’s conversation is going to be going through some of the functionalities on thinkorswim We’re going to break it down a couple of different sections The first section is around just the basics and the flow of the platform Second part is going to be around monitoring your positions and orders and so on And then once we have the way of monitoring our positions and monitoring the markets, we’re going to kick it over to Sean Cruz who’s going to talk a little bit about what you can do once you have a given symbol– things like order entry and charting as well The whole idea of our conversation today is so everyone can understand what is possible so that as you continue with your thinkorswim journey, you’ll be able to go in and use the tools that we provide for you So with all that being said, let’s get started So with the thinkorswim trading platform, the idea with this is to go and download it directly through TDAmeritrade.com For the folks that have downloaded our thinkorswim platform already, let me just bring my little screen up with that information For other folks who have downloaded ready, your login screen is going to look like this right in here Now, there is a couple of different things I want to touch on with this particular login screen The first one is your username and password is exactly what you would use when you log into TDAmeritrade.com Once you have logged in, you have the ability to select live trading and paper money Notice that when I click on paperMoney on the screen right now, it’s going to toggle directly into an orange type of view And once you log in, the same type of orange theme will show and be around your platform One quick thing with this login screen, as well, on the bottom left hand corner, you’re going to see a little Gear icon When you click on that gear, a box is going to pop up It’ll allow you to adjust the contrast of your platform You can make it a light theme, a dark theme And you can also make the font size a little bit larger or a little smaller as well Note today that our whole entire conversation is going to be done within the thinkorswim live trading environment A majority of the features that you’ll hear us talk about today are going to be available for you in both live and paper So once you’ve logged in, once you’ve gone through the installation process and you’ve brought up the thinkorswim, our platform looks like this Today, we’re going through the thinkorswim desktop version of the platform We also have thinkorswim for the mobile devices, like a tablet or a cell phone We also have a thinkorswim available new this year via the web, as well, the thinkorswim web So for our desktop platform, I’m going to highlight a few areas that we’re going to touch on right now as far as just the overall flow of the platform Near the top where my mouse is, you’re going to see it say things like connected, real time, the dates And you’ll also see things like account We have many, many TD Ameritrade clients that have multiple accounts with TD Ameritrade And you can actually link all of your accounts together to see them all within the platform so you don’t have to login multiple times As we go across to the right, you’re going to see some buttons that we’ll touch on and a little bit, including the setup and the ability to chat into us as well Right underneath that, you’re going to see the tabs thinkorswim is a tab-driven system So you’ll see things, like monitor, trade, analyze, scan, and so on And we’re going to dive into a majority of those tabs today But before we get all that started, let’s talk about this left sidebar My design, this left sidebar is meant to stay up regardless of what you are doing on the right-hand side So you can see your information like account information

So, for example, on the upper left, you’re going to see account info This will let you know how much buying power you have for both stock and options You can see net liq and day trades, essentially This is like how much your account is worth So this is the value of your account And any available cash in the account you’ll see in cash and sweep vehicle Now, for some of our day traders, maybe our futures traders or some of the other traders that might be out there that might look for other values– every one of these little gadgets on the left sidebar is fully customizable So let’s say I want to add some information to those account value field In the upper right-hand corner, I can click on my little pancake icon Once I click on that, I’ll be able to select Customize Gadget And from here, we have a whole list of different items you can add Once you’ve added the ones you want, click OK, and it’ll be updated Now, as you look through this left sidebar, there are going to be other features and functionalities are available For example, live news I can choose to see just news on a specific company For example, if I want to look at news for General Motors, now, I can see news for that particular symbol If I wanted delete it out, it would be all news for all companies Further down is my trader TD gadget so you can watch TD Ameritrade network and/or some of our other providers for news as well, directly on here Now, we’re going to get into the Watch List gadget This is actually as basic as it is one of my favorite gadgets because you can do a lot with it You’re going to see on the left where my mouse is It’ll say Watch List, Weekly Earnings That’s just the watch list I have in there right now Clicking on this dropdown allows me to select things like current account positions I can actually see a whole list of all of my different positions directly listed on here streaming in real time and keep an eye on it regardless of what I’m doing on the right-hand side I can see things like my personal lists I can see public lists We have a lot of different public lists that are available for you to see as well And, of course, we can create our own watch list And we’re actually going to do that right now I’m going to click on Create Watch List in the screen that pops up This allows me to give this watch list a name I’m just going to call it Fav just as an example And right underneath the symbol button when I click into it, you’ll be able to select– type in different symbols I’m going to type in and as an example, Apple I’m just going to put in a couple others and one more as an example These lists, the moment I click Save, are immediately stored to the thinkorswim cloud That’s a very fancy way of saying, regardless if you log into TD Ameritrade mobile, Ameritrade desktop, or– I’m sorry– if you log into thinkorswim mobile, thinkorswim desktop, or thinkorswim web, that same list would appear And that list on the left-hand side, you’ll notice I can actually click into it and add symbols as well Now, if I do want to add more gadgets, there is a little plus symbol that allows me to click on that plus to add more gadget And there is one more gadget that I just want to talk through with everyone on here It’s called the Trade Flash gadget Now, I’m going to click into this Feel free to add it on your own as well This is essentially a streaming feed of things that happen in the market Maybe a company has earnings Maybe a company has large premarket or aftermarket moves Maybe a company or a symbol has a lot of different trades that are happening Come Monday when the markets open, take a look at the Trade Flash gadget You’re going to see a lot of information that’s available for you at your fingertips without you having to physically go and look through the symbols And there’s a couple of questions coming up through a chat, as well, around things, like, how do I get easiest way to find the stock symbol for a company and so on? We’re going to get into some of that But first, let’s jump into our tabs First tab that we’re going to touch on is actually the Monitor tab Easiest way to remember this tab is this is where you go to monitor your positions You can monitor your activity for the day and your positions And you’ll notice throughout the different tabs that you’re seeing– everything is broken down by subtabs So on the monitor, you’re going to have activity in positions, account statement, Forex reports, and strategy roller We’re only going to touch on the first two So in your activity and positions, that’s exactly what it is Your activity for the day– so you notice where my mouse is near the top, it’ll say Working Orders, Fill Orders, and Cancel Orders for the day Notice that there’s a little carrot, a little arrow that points to the right I can actually drop that arrow down And that allows me to see everything that’s within that category I can do the same thing as fills and cancel as well Now, further down in the lower half of this page, you’re going to notice this is our position statement These are the actual positions that you have in your portfolio All of your TD Ameritrade positions will pull directly into this, into thinkorswim that you’re seeing So a couple of columns to highlight You’re going to notice, just let’s use as an example are a Amazon position that’s right here We’re long 20 shares of it We have a trade price, which is essentially

how much we paid for shares of stock for Amazon And a little bit further down would be your P&L open and P&L day columns P&L essentially is profit and loss So my profit and loss open is how much I’ve made on this position or lost since I have opened the position And P&L day is how much I’ve made or lost on the position for the day It takes into account the previous close And that’s how much you may have lost for the day Let’s pick this Netflix one as an example You notice there’s no values on here It’s very common that you might have different strategies than me, especially for our options traders that are out there that might have multiple options associated with one underlying So in this particular case, I’m going to expand out Netflix And you can see my vertical spread for my put options are listed right into here One quick trick for any of our spread traders and options traders out there I’m going to move my mouse on the far right-hand side About midway down, you’re going to see a Menu button Click on that menu, select a range positions in order What this does is then now, if you’re placing spread trades within your thinkorswim platform, this categorizes what the spread actually is for you so you can see an aggregated view of this item If you don’t currently see the ability to group this together, just know, just give one of our traders a chat or a call And they can enable that for you Now, there is one thing to our platform that is very important to understand, which is the aspect of right-clicking You notice right now on our screen, we don’t have any particular buttons that says close positions, role positions, and so on because it just takes up space So if let’s say I want to close out this vertical, I can right-click one time on this vertical And when I right-click, you’re going to see where it says Create Closing Order So right-clicking allows you to take action to do something with that particular position or whatever you’re right-clicking on As it begins with all the features and charts and so on, the right click– [AUDIO OUT] same thing with my working orders of the top I can right-click on my working orders, go to Cancel, Cancel, Replace, and so on For anyone that doesn’t have a mouse to right-click and you have a MacBook, it’s just two fingers down And you touchpad at the same time, click one time, and you’ll get the same results So Monitor tab, monitoring positions As basic as it sounds, that’s why it’s called the Monitor tab One more quick thing on the Minor tab is jumping over to the Accounts Statement page On the Account Statement page, you’ll have the ability to go backwards in time So instead of looking at the positions today, instead of looking at your activity today, you can select for a given account, the ability to go back to see things like your order history, trade history, and so on And, therefore, some of the questions that are coming in around setting up your profit and loss percentage and/or adding columns to the Activity and Positions page Jumping back to the Activity and Positions page real quick, about midway down, you’re going to see a little gear icon Clicking on the gear allows me to bring up the same type of screen that we talked about with account info originally And you’re going to see in the left-hand side will be all the different columns that you can add And instead of having to scroll for a really long list, I always like to just pick out a specific category for the columns In this case, click on the lower dropdown arrow that points down I can go on there and select something like, a “basic price,” in quotes, instrument details, and basic And why I select basic, you’re going to see P&L Percent that you can add directly on here So that’s a little bit about the Monitor tab Let’s now jump into talking about how we can actually go out and find symbols And also, I’ll show you some tricks in viewing the markets to see what it is doing for the day So at the very top, we’re actually going to skip a couple tabs for now We’re going to jump right to the Scan tab So on the Scan tab, you notice there is going to be different subtabs are available– Option Hackers, Spread Hacker, and so on We’re only going to focus on the first one right now, which is essentially our Stock Hacker Our Stock Hacker is very, very powerful Basically our Stock Hacker allows you to put any type of a scan in place as long as you can phrase it as a true or a false statement And we’re going to go through an example today about that First thing I always like to start with on a Stock Hacker tab– and, again, this is just as an example But going into Stock Hacker, I can select Scan In in the upper left-hand corner And I just select All Stocks But I can also select all stocks that are optional So that means whatever results I get, it is always going to be stocks They’re optionable So it weeds out some of those other symbols that are less relevant Jumping into here, you’re going to see right now, we have a few stock filters So as an example, you’re going to see a net change So I can click on Net Change, and I can select something like Last I can select Volume

Let’s put in some values here Let’s say I’m looking for all stocks that are optionable that are trading at least $50 And we’re going to click on Scan, which is the button on the far right-hand side about midway down Once we click on a scan, you’re going to see now we have 50 out of 991 As we progress into this, we’re going to start adding other filters So let’s just say I want to look for any stock that’s about 50 bucks that has over a million shares traded for today, click on Scan again And now you can see we have 50 out of 329 Now, let’s say I want to look at stocks that are above 50, over a million shares traded today that has at least changed– let’s say it’s gone up 3% or more for the day And we’ll click on Scan So now you’ll notice our results And I’m clicking on Scan every time You’re going to notice our results are going to have less and less symbols in it, which is goods you see Now, let’s get more creative with a scan And a common question that comes up is how do I scan for something like unusual volume? Now, unusual volume is all perspective on what you define as unusual Well, let’s bring up the filter for that In the upper right-hand corner, you’re going to see a button that says Add Filter Click on that one time, and we’re actually going to go to Study Filter When I click on a study, you’re going to notice ADX Crossover is going to come up ADX Crossover is the first in alphabet That is the only reason why it’s in there But clicking on that allows me to go into things like Corporate Actions, stocks that have dividends coming up, stocks that do not have dividends coming up, earnings, crossovers, things like when the closed process above the upper Bollinger band When the closed crosses the moving average, you can actually scan for all that But what I mentioned before just as an example was unusual volume So if I pull my mouse down the volume, you can actually see unusual volume for the underlying come up And instead of having to interpret what the words are, unusual underscore volume and what that means, so the right of this, it tells you exactly where it is Current bars volume has increased a certain percentage across the average of the last 50 periods And in this case on the right side, periods is defined as day And we’ll click Scan And these are the stocks that have a little bit more of an unusual volume So there isn’t that we took our list from a lot of symbols down to about 29, which is much, much, much, much, much more manageable Now, there is a really, really useful feature with these scans and results that allows you to save them and reference them at a later point in time First one is the ability to save all your filters in the top so that you can just pull it up whenever you want And the list itself will update dynamically So to you do this, in the far upper right-hand corner, you’re going to see a little Menu button Some people call it a pancake button But it’s a Menu button or a Query button– lots of different names for it When I click on that, you’re going to see Save a Scan Query Once that comes up, I can give a scan a name And we’ll just be a little more basic I’m just calling it Scan What happened now is it took all these filters And it saved it unto our cloud So on our mobile devices, on our web versions of thinkorswim, you can actually pull up this scan query at any given time to see what the results are in that given moment So you now literally can take your scans with you on the go If you really, really like the results of the symbol that you had put in, you can actually come into the Menu button on the right side about midway down And when you click on that, you’re going to see Save as Watchlist Now, when you click on Save as Watchlist, instead of saving the Scan query at the top and the filters and all that, all this looks at is the current results that are appearing on your screen so that you can actually go in and just keep track of those and review them at a later point in time One feature that came out in the last few years that’s even more cool is the ability to alert yourself when symbols change on your particular page So clicking back on the Menu button the far right, you can click on Alerts when results change Clicking on those, you can select things like, Alert Me When a Symbol is Added Alert me is when a symbol is removed And you can also set up the frequency to when your alerts are going to trigger You can tell it to trigger hourly, daily, and weekly So in theory, you can actually set up something like a every week at the beginning of the week, let me know what symbols have earnings that week Every day at the beginning of the day, let me know what symbols might have unusual volume and so on The scanning feature Once you have it set up and once you’ve saved a few of them allows you to view the markets in a much, much, much more creative way Now, we’re getting a couple questions around things like, scanning for unusual volume activity And also, there was, I believe, a different question

around just general unusual volume for options as well One more filter I want to touch on on here is not related to the study filter It’s related to the sizzle index So if I remove this And let’s say instead of percent change, I want to look at stocks that are optionable that are trading at $50 or above with a volume of at least a million shares or more But I want it to be sizzling Technically I can click on a little fire in the upper right-hand corner that says Sizzle Index And that will give me to a similar route But I’m going to go in a slightly different way I’m going to click on where it says Percent Change on here And when I click Percent Change, you’re going to see sizzle index come up This value that is shown, I’m just going to put it in a three as a minimum Just as an example, we’re going to click on Scan This three represents today’s total options volume for that underlying whatever the underlying it is on your results compared to the average of the last five days So if says three, that means today’s total options volume is three times more than it is for average for the last five days And when you combine that with other filters, for example, like a study filter specifically for implied volatility, now, you can essentially build different scans to look for stocks that have a little bit more volume, a little bit more activity for options that are currently trading a little bit higher of a volatility Now, for some other folks are asking, why do I not have study filters within my Scan tab or why is it not functional, this study filter is a function of a feature that is only available in the live trading side of thinkorswim You’re not going to see it in paper money So you would have to log into the live trading side of the platform And, again, the sizzle index that we just went over as defined as a ratio between today’s total options volume versus the average of the last five days If I have a number three in here, that basically means it’s three times more than the average in the last five days So there is a lot of different filters on here, right? You’ve definitely go in and play around with it Well, let’s say I want something a little bit more basic Maybe these filters is a little too much I just want to see the markets, and that’s it That’s where the Market Watch tab comes in So I’m going to jump into the Market Watch tab And you notice we have a list of symbols on here And you notice a similar menu that we clicked on a moment ago Clicking on where it says Weekly Earnings is going to bring up my ability on my Market Watch tab to view a watchlist of my positions– my personal list– so you can see some of them in here The scan that we just saved together– you can see the Fav that we just created together I’m just going to click on Fav Now I can continue to add symbols if I choose to on here as well And maybe, for example, I want to add AMD, again, just as an example And now it’s automatically updated to the cloud One quick trick on here for everyone Instead of going in and scanning the whole entire markets, clicking on Fav and selecting something like, Public and S&P 500, now you’re immediately seeing the whole entire screen of all of the 500-plus symbols on the S&P. Notice I have some columns on here as well like percent change So one click on that percent change header allows me to know what stocks have gone down the most for the day on the S&P when one click on it allows me to see what stocks have gone up the most today on the S&P So you don’t have to run any scans It’s jumping into here, you’ll actually be able to see all that information And for anyone that might not have any type of percent change columns on their current quotes page on the Mark Watch tab, all you have to do is right-click one time And, again, for those on a Mac or for those without a physical mouse, right-clicking is two fingers down, touch the touchpad at same time That’s going to bring you to this menu here that says Customize, and you notice the menu pop up near the top in the middle Clicking on Customize will allow me now to look in the left side to see percent changes listed on here Sizzle Index is listed on here You can also type in and search for items as well One last view on this particular page On the MarketWatch tab, if, let’s say– these numbers, especially with the markets moving and with thinkorswim being real time quotes, there’s going to be a lot of action that’s happening Sometimes it’s a little too much flashing and so on So instead of looking at just a list of symbols, you can actually switch to something that we have called Visualize So on the MarketWatch tab, the Visualize sub-tab allows you to actually go in and see a whole entire heat map of the market Now I’m going to bring it down a little bit smaller, because there’s a lot of boxes, a little bit hard to see right now So on the left, I’m going to click on a little carrot, Expand Indices, and lets just select the Dow Jones So these are now 30 boxes that represents the Dow, and instead, it’s just a visual of it

You’ll notice, as I put my mouse over each box, like Apple, Visa, Johnson & Johnson, and so on, the size of the boxes are a little bit different Basically, the size of the box represents how large the market cap is for that particular symbol compared to the other symbols that are in this particular list You can have a Dow Jones heat map up You can have a S&P 500 heat map up, as an example And especially nowadays, where having multiple monitors is a very common thing, far upper right hand corner, you’re going to see two little squares that overlap each other Clicking on that one time will allow you to go in and basically detach this view so you can actually move it to other screens if you would like So couple of different ways to actually go in and visualize the different markets and also scanning for it, but let’s make an assumption that we have now found a symbol that we want to use What can we do with that symbol? Can we trade it? Can we analyze it? Can we chart it? I’m going to kick it over to my friend, Shawn Cruz, who’s going to talk a little bit about what to do next once we have that particular symbol Thanks a lot, Mike Yeah, and Mike and I– one thing real quick, when we were first thinking about how we wanted to approach this, we were asking ourselves, do you just want to go right down the line, Monitor, Trade, Analyze, Scan, so and so forth, or do you really want to have this feel more of like a process flow of what you do? Because when you’re doing this, you’re effectively running a trading business, your own trading business And this is something back a while back that was probably going to be a very intensive business to run You would need a lot of headcount And what you’re looking at here is this actually sort of replaces the need to actually hire people and have someone physically going in there, scanning the markets, trying to find things for you, someone taking a look and giving you an update and tabulating all your P&Ls, your beta weightings, whatever that might be Now this effectively takes almost every stage of that process and allows you to not have to pay anyone to do it for you This does all that work on your behalf So the next thing we do in looking here real quick, the calendar is also another really important area that I like to come in and take a look And the real cool thing you can do in here– there’s a lot of stuff over there on the side We’re coming out of earnings season, but let’s just say you want to know which one of the names– the names that have earnings coming up for the week So you can uncheck all of those just by hitting Show All, and then just click on Earnings And now you see that you’re getting a look at all these names that have earnings this week But if you’re really just concerned about your portfolio and your holdings, think about that you would maybe need to pay someone to go through every start of the week and go compare, who do we own All right, now let me go pore through every earnings that’s listed for the week By going here, we can actually come up to this little gear, or sprocket, whatever you want to call it, click on that, and just go to Current Account Positions And now if you do that, we see that we have Monday There’s PayPal earnings If you’re looking out to Thursday– and this is for the past week, but bear with us If you’re looking out for a Thursday, we had GM that had earnings So this is also a nice way for you to make sure you’re on top of what’s coming out And dividends is another popular one A lot of people like to know when they have dividends If you’re, say, short calls in some strategy, there’s a little bit of dividend risk out there That might be another thing that you also want to see coming, and you can just click and add dividends on there as well So another very powerful tool that helps you run in an efficient and, I think, a trading business where you’re not getting caught off guard You’re on top of everything that’s coming up But like Mike was saying, the next step we’re going to do– and actually, Mike, I’m going to hop into the Analyze tab, because we’ve talked about looking at some of the names that you just showed, running scans, looking at the heat map, names that you’re interested in So if you come into the Analyze tab– and I always say, look, come in, take a look at your positions, make sure everything looks OK, check the calendar Make sure that you are aware of everything that’s coming up that could impact your portfolio Now we’ve gone through how you go into the Scan tab You’ve defined the universe of equities or options, whatever it might be, that you are interested in The next step is to maybe, now that I’ve got this list of 10 names, whatever you’ve been able to whittle it down to, why don’t I go in and do a little bit of research on some of these companies? Let’s say I’m looking at PayPal has earnings coming up I want to know what it’s done maybe in the past with earnings So you can actually go down to the Earnings tab here at the far end, type in PayPal into the ticker box, and now you’ve gone from just being out there compiling a list, knowing what you want to look for Now you’re going into actually doing some research And this used to be a very intensive process

to get everything you have over here You can look at what the stock price did going into and out of their past earnings event You can see what implied volatility’s done That’s huge for traders going into and out of earnings You can see what the at-the-money straddle is, which people use as an approximation for what sort of post-earning volatility you could expect to see And you can even go down to the bottom part and see how they did in terms of their earnings per share reports versus what Wall Street analysts were expecting The other thing you can now come out here and look at is going into the Fundamentals tab I can bring up PayPal here in the Fundamentals tab Or bring up GM That’s always a fun one, too You can bring up GM on the Fundamentals tab You see there’s research reports in here You can just take a look and get a sense for what analysts are saying If you actually want to read the report, you can download those on the side For Market Edge, you can actually view it You get a quick little overview of what the company does If you scroll down, you actually get a look at some of their financials So once again, you’re doing a little bit more fundamental analysis here You can go down to the bottom, look at valuations You can look at growth rates Those are incredibly important They go hand in hand If you go further down, you can look at valuation highlights And so this actually will break out and give you some of the themes you should be thinking about here for this name that you may be interested in, and see if you have an opinion one way or another that you think could impact the future path of the stock The really cool tool that we have in here, the last thing I’ll show, is actually the ability to go in and– it’s called the Company Profile Should be all the way down at the bottom Now you can actually look at what drives the value of the stock And I always like to say, this isn’t saying where they get revenue from They’re saying what actually hits the bottom line, what actually drives the valuation of the stock 60% of GM is being driven by their North America business You can look at automobile leases and loans You’ve got GM China If you want to go out– we have the base case, according to analysts, already put in here But if you want to, you can actually go out and maybe start playing around with some of those numbers GM’s financing, segment assets, $88 billion That seems a little bit low to me You can go out there, and you can now start pulling up and increasing your expectations to whatever it is you think that’s going to be And you notice, you get your own estimate out there as well So another piece of identifying the names you care about, going through a Scan tab, looking at the charts, whatever, the heat map for your areas of interest Now you’ve gone through research, and we’ve got already some prepackaged analyst reports that you can look at We’ve got some things that you can actually use to evaluate this on your own So the next thing is, maybe you are now to the point where you’re looking at GM, you’re looking at PayPal, whatever that might be, and you’ve decided you are ready to actually make a trade You’re ready to take an action You’re good with the overall state of your trading business You’ve done your research on holdings, checked your account P&L’s, everything You’ve found some things you’re interested in trading You’ve done some research Now, you are actually ready to get out there and go make a trade Hop over to the Trade tab now, and we’re going to start going through and taking a look at some of the things that you can catch in here So the one thing that– and I think this is something that will really smooth out the process flow for you as you’re going through this, is actually linking, the symbol linkage It’s a subtlety in the platform, but if you really– once you start using it a lot more and every now then maybe you realize it’s not flipped on, it becomes a little– just sort of a thorn in you side, having to constantly re-enter the symbol you’re interested in every tab, because as we’ve shown, you’re probably going to dance around a couple of tabs as part of your process flow in trading So if you notice, you can click on that, and you get a dropdown of a variety of different colors, red Some people who have multiple chart windows, like Michael was referring to, multiple monitors, whatever, they may have multiple linkages out there But you can just go out there, select red, which we already have in there Now let’s say if we were to pop open the sidebar, and let’s look at one of our watch lists Notice the watch list has that red one highlighted in there as well If we go through our live news gadget, notice that’s the standard, the way it comes There won’t be anything there You’re going to have to click on that link, hit red Now, Mike, what you can do– and Mile will show Why don’t you go ahead and just click on Apple, and we’ll see what happens here Mike clicked on Apple, and everything in this platform that has that red symbol link

now flipped over to having Apple automatically populated in the box And so I think it’s very convenient, especially if you have a watch list and you’re clicking down As you click through, your news is going to update Your Trade tab’s going to update We’ll get to showing that in the charts also But if you’re looking at a chart, the chart will also update the symbol that you’re looking at as well So that’s the first thing I like to do when you come in here I tell people, get your symbol linkages set up, because it really does help smooth things out for you Now we’re going to go down and just go through some of the components here on the Trade tab to make sure that everybody is clear on what we’re looking at here on the screen Because if you are out there and you’re looking at this and saying, this is a lot of numbers, this is a lot of things blinking at me– I think it happened to Mike when he started It happened to me my first day when they told me to download this platform and get comfortable with it It’s a lot to take in So let’s just walk through it and just make sure that we’re comfortable, at least that at a high level of everything we’re seeing on the screen Someone asked, are we going to go to charts? We will get there Do not worry Where’s the company name on the calendar for upcoming earnings? That will show at the bottom Let’s just hop back there real quick, Mike, and let’s show them where that will be in the MarketWatch calendar If you notice, when you highlight there, look down at the bottom part of that screen, and you actually can see the company names In the calendar field itself, it will just show the ticker symbols Option statistics, we’re just getting ready to get to that Let me go through, just make sure– four or five words, your stop and target We’ll get into some of the order entry here as well Studies, and I think, Mike, you covered the studies And in paper trading, there are some limitations on that And, Mike Allen, thanks for the compliment Feels good to get a compliment every now and then, Mike, doesn’t it? [LAUGHS] Yep All right, so now looking here at the top, we’re going to start right here at the symbol box You’ve got Apple loaded in there, and it’s got the name You’re going to see the price, and you’re going to see what it’s been doing since the open of trading that day, down $0.34 from the previous close You can look at the bid ask then the ETB and the HTB, Easy To Borrow, Hard To Borrow It’s kind of an indicator of short interest If there’s a lot of short interest, it’s hard to borrow If there’s not much, it’s considered easy to borrow, and then the exchange that that name is listed on The other thing to note, off to the far right, we have that Company Profile tab again that we just saw If you click on that, you’ll get a popup window Once again, the Company Profile’s showing you what’s driving the valuation behind Apple stock So now let’s close out of the profile So looking here at Underline, this is the basic trading information that you’re going to see You got, once again, the last price that it was actually traded at You get the change You get the current bid and ask You get the size on the bid and ask Those are multiplied by 100 So we have 400 shares on the bid and 100 shares on the ask You get the volume that’s been traded that day That’s just a raw number, 114 million You get the opening price You get the high and the low I mean, just for simplicity on the screen and just to give that high level stuff right away, we have this automatically closed up But you can come over to the left side, click on this arrow, and we’re going to get another row of information And so you can actually look at the last size That number seems incredibly large because the last trade that went off in Apple was yesterday at the close during the closing cross I don’t think you typically get people trading 6.3 million shares of Apple in one trade very often [LAUGHS] You get the yield of the stock You get the price to earnings ratio You get the dividend, the dividend frequency, Q quarterly Some actually– I’m blanking on a name I think Disney may have, but it’s not a major deal But semiannual means they pay it twice a year You get the ex-dividend date That’s the date the stock starts trading without that dividend So if you want to, say– wanted to get in on Apple before– and still be able to get that dividend, you want the day before Then you also get the 52-week high and low, going back to the past 52 weeks, and then you get the number of shares or the float that are out there for Apple And then the beta here is– its beta defaults to the S&P 500 So that lets you know, S&P 500 goes up 1%, Apple would be expected to go up 1.29% or somewhere

in that neighborhood, similar on the downside One thing I’ll touch on here real quick is the trade grid This is where you can go to get a look at, say, depth of book and other things in there as well Once again, you can click on that, and now you can actually see not only the top of the book here, which is the best bid and best offer, the bid ask, but then you can also see what’s below that So people call that to get an idea of market depth Getting down here into the options chain, this is somewhere where I spend a lot of my time when I’m going through my trading day just looking and seeing what sort of potential trades are out there So just start off Filter is going to come in off Spread Single means it’s just going to list single options You can actually have it go out there and start listing different types of spreads on the screen if you want I prefer to build them manually, and we’ll show how we do that in just a second And then you can also go into your layout, and this is going to be important as well We have some pre-built-in layouts for you But notice you can actually go out there You can customize If you have some other things that you do want to add in there for columns, those will show up in there A lot of people maybe have their own custom scripts or calculations that they like to use You can always put those in there, save them And then once again, we have a lot of other column headings that you can choose from as well If you do go over there, build up your own current set, you can then save that and give it a name or whatever And some people, based off what they’re doing, do you like to have one set– this is my column set when I’m looking at buy rights or covered calls This is my column setting when I’m actually looking at selling call spreads This is what I look at when earnings is coming up, whatever that might be But you can go in there and start customizing your layout And then you see below, all of these various options series So there’s going to be all the options that are currently listed out there on the left We give you the expiration date So for instance, this first one’s the 13th of November 2020 And we also, in parentheses next to it, give you the number of days until that expiration will occur six days from now, and then the multiplier, which is typically 100 shares But there are times, usually when there’s M&A or something like that, where that may not be 100 And the weeklies, just to let you know, there’s always been the standard monthly expirations Weeklies let you know that there’s these incremental weeks between the standard monthly expirations that are also listed out there And if you hop over to the far right side, this gives you the implied volatility, and I think some people are familiar with the concept of VIX or the uncertainty index, the volatility index, which is calculated from option prices So what this says is, if you calculate that same thing, looking at just these November 13 options, you get 36% If you look at the November 20 options that expire, then you’re looking at 37% And then it also– someone would say, well, what does that really even mean? Well, if you want to look just to the right there in the parentheses, it gives you some sort of an expected range for the price of Apple over this time period So right now, 35.92% implied volatility for the November 13 options that expire in six days You’ll say, what does that even mean to me? It means Apple could be up or down $4.61 before expiration next week And it gets really interesting when you look at some of these Tesla’s a fun one to look at When you start looking at some of these things ahead of earnings events and things, you see some pretty interesting expected moves at times So let’s say we’re looking, and we want to maybe look at some sort of a more short dated options trade We can come in there and just pop open that November 13 expiration And now we’re looking at calls on the left We’re looking at puts on the right Going down the middle, you see the expiration and the strike price And then the columns are going to be mirrored for both sides on the calls and puts So see a bid/ask for the calls and puts side Then you see the last price, the net change, and the delta Now you can come in here and manually start changing around some of these column headings Let’s say you don’t want net change, necessarily You want implied volatility Click on that column heading, go down to Option Theoreticals and Greeks and probability of out-of-the-money right there at the bottom, Probability OTM You can also say, all right, there’s only four strikes listed there I want to go a little bit further in or out of the money You can actually expand the strikes

We have some listed there, 14 If you go to all– especially something like Apple, there’s quite a few of them If you maybe want to just say, I want more than 14 but less than every single one, because as you can see, we’re scrolling and scrolling just to get to close to at-the-moneys, maybe just type something in there, and that’ll work as well 0.4, perfect So now as you’re looking at this, you have– you’ve done even a little bit more analysis And once again, in your trading business, you don’t need an army of quants coming to you, telling you what’s the probability of Apple being at or above $110 in six days You’d pay a PhD a lot of money, and they’ll tell you 89.87% This does it for you right away So maybe you’ve now decided you want to go ahead and put on some sort of a trade here You can right click There’s two ways to go about putting trades Right click on the side that you’re looking at, and you look up and see there’s buy and sell And you can look at single You can do vertical, different spreads If you’re saying, I want to sell a call spread, you can just go up there, and I’m going to sell– start with that short strike Sell vertical, click on that, and you’ll see the order automatically populate for you And then you can go about your business maybe move around with the strikes If you decide you maybe want to go 2 points wide, put that up there, and now you see you’ve got everything repriced for you Let’s close this out real quick And the other thing you can do is, if you just hover over the bid or the ask, you’ll notice you sell at the bid, you buy at the ask This will actually– is another way that you can just bring that up If you say, look, I just want to buy that $120 call, just click on the ask price that corresponds to that $120 strike, and you’ll see that order automatically populate The other thing you can do is hold down the Control key And if you want to manually build a spread– say, OK, look, I’m looking here I’m going to sell the $120 Why don’t I try and– I don’t want to just go to the $122 Maybe I’ll go to the $123 Hold down the Control key, hover over that $123 ask price and click it, and it automatically builds that spread for you down there as well So it’s a few different ways Everybody’s a little bit different I’m the Control key and click on the bid and ask columns Just make sure you’re very careful, and make sure you don’t either click on the wrong strike or think you clicked on the bid and you accidentally clicked on the ask, things like that Keep that in mind as well But now you’ve gotten to the point where you can now pretty easily build an order And if you’re starting to get into iron condors, anything like that, it certainly can be helpful But once you’ve gotten through here, you’re almost ready now to go to the next step But before we do that, I want to highlight the Option Statistics tool on this page And this was something that, actually, the director of the product, Chesley Spencer, now, many years ago– I don’t even know if he was a manager at the time, but this was one thing that he really wanted to get done, was building this out And they put a lot of work, actually, that goes into assembling this much data But now we can actually look and see what’s going on in the options here You can see what the implied volatility high was over the last 52 weeks You can see how low it got You can see where the current implied volatility is now, 21% Think of a meter where the bottom part, the 0 on that, is 19.6, and it goes as high as 101 We’re about 21% up in terms of where we’re at in that past range So we’re sitting in the lower end of that Historical volatility Looking at that, the high, 108% The historical volatility low, 13% And once again, you see where that is OK, where’s Apple at right now? We can tell what its historical volatility is Is that relatively high or low? It looks like it’s somewhat low And then the volume weighted average price we have in there as well The other thing you can look at, trade analysis If you really want to go out and just see generally speaking or where’s the market at overall, we break out the volume activity in options for you in a few different ways here So the total volume, if that’s really all you care about, 1.15 million calls were traded versus 600,000 puts If you want to know what that would be, if you’re trying right now in your head, doing some mental math, what does that mean for the put/call ratio, we actually have the put/call ratio right over there off to the side for you The other thing– it means about two calls were being traded for every one put We also have the totals over there, so you can just look at total volume Now I think it’s actually interesting when you’re looking at this and you’re saying,

OK, 1.7 million options have traded today at 1.1 million calls, 600,000 puts I don’t– is that a lot? Is that a little? Should that be surprising to me? That’s what we have the Sizzle Index over here for So, Mike, correct me if I’m wrong, is the past five-day average for volume compared to where that is at what we’re seeing today So you look at the average day, the average volume on any given day over the past five days We’re going to get a number that is actually a little bit higher than 1.1 million So you might be tempted to say 1.1 million calls, that probably isn’t going to be that much, or maybe, that’s incredible That’s– you’re not going to ever see that It’s actually below what we were seeing on average over the past five days And we can also look at the volume numbers up here, and there’s a stock sizzle that lets you know that, when we’re looking over the past five days for volume, what this volume’s at now, too And you actually see that volume is actually a little bit lower If it’s 1, that means it is pretty much right there on average If it’s lower than 1, that means it’s running a little below average If it’s above 1, that means it’s running a little bit above average And the other thing, just real quick, Options Time and Sales, some people like to look at this just to take a look and see what is going on with the options that day We actually pre-populate the biggest trades of the day for you You can come through here You can sort You can filter But some people do like to look at this and just see what some of these big block trades were that were going off So the next thing we’re going to do here is now start looking at– I’ve done some analysis I’ve done some research I’m going to hop over to the Charts tab, and I’m going to, one, note we have our Apple automatically populated here, because it is connected And I actually want to maybe start taking a look at some charts here This is– there’s a few ways to get here So one, just kind of hop right over But let’s go back to the Trade tab real quick, Mike So let’s say after we’ve done all this, we have a trade that we want to look at And let’s just populate going out and maybe buying some puts that expire next week in Apple And let’s just take that 110 put as a example that we can now look at So we clicked on the ask price to bring up this buy order for put Is this a good trade? What are we looking at here? We’ve got our probabilities, but there’s a few things we can do to actually step out and do some further analysis And think about in our trading business now, how much would it cost you to keep a staff of people that come out and now start doing a risk analysis and maybe some stress testing on a derivative trade for you? Probably pretty pricey But let’s right click on this, and we can now go ahead and– you see it says, Analyze Trade I’m going to come up and click on the Risk Profile here And now we have a few other positions that are already in the count So go ahead and just do high positions So now we’re just looking at simulated trades And now we can actually take a look and see If you look at the chart of the graph above– don’t worry Once you get used to looking at this thing a few times, it’s not nearly as scary as maybe it is if this is the first time you’re seeing this At the bottom, we have all the possible stock prices that Apple could be at You notice right now, Apple is trading right around $118, $119 But if you are to look at this, you see what happens– you can ask yourself, well, what if it goes up to $123? What happens if it goes down to $113? That can be pretty tedious if you’re trying to calculate that non-stop But now if you notice over here in the bottom left corner of this chart, you see these two numbers next to two dates The date in purple corresponds to this purple line, and it is their default to being that day’s date The number in blue– I think that’s blue I think some people– there is a debate going on in thinkorswim if that is actually not technically blue, but I’m good with it Cyan Blue is now going to show what the profit loss in dollars would be if the stock were at the price you’re hovering over at expiration or on that date And so as you start moving around, it makes it pretty easy just to say, OK, well, what happens if, at expiration, Apple’s at $108? What do you make from a profit and loss standpoint? You just go to $108 and look right down there All right, it’s going to be about $170 Or what if Apple goes up to $120 at expiration? What am I going to be sitting on? You’re going to lose $27 If you’re maybe not looking to hold it all the way to expiration, say, all right, well, let’s just say by the end of today– assume today’s a trading day– what happens if Apple just sells off

a little bit towards the end of the day and goes down to that $115? Well, then what happens? Well, you see that if it were there at expiration, you’d still lose, but for the day, it would actually increase the value of those options So the next logical question I think a lot of people would say is, well, there’s some price slices up here There’s some percentages I see at the top Those are, once again, giving you just sort of a range Notice that those price slices– you see those dotted lines– are actually breaking this up into four separate little areas on that pricing map And so you could say, well, what’s the probability of it being below $106.68 at expiration? It’s 2.17%, because that’s where that little dotted line corresponds to, and that’s telling you the probability of Apple being anywhere in that range around expiration And then you say, well, what’s the probability of it being above that amount or below $118.13? This is now telling you the probability of Apple landing anywhere in between these price slices at expiration So you’re starting to get an idea of probabilities of being somewhere and then also what your profit and loss would be at that level Now if you want to find other ways to maybe customize the price slices, you can click the little arrow right next to where it says Price Slices, and it will drop down And you’ll see that you have the price slices there that default to just being up or down 10% and then one that is just right there at the money But you can actually play around with those and do standard deviations, things like that, whatever it is that you want to do Now the other thing you can look at is say, look, I don’t want to know about all this multiple price slices I just want to know, where’s my break even? That’s really what you care about at the end of the day What’s the exact, down to the penny price that I want Apple to be at so I know at what point I can expect to start making some money? So you can come over here off to the far right, and you can click on the Show Actions menu and then go Set Slices And you see right there, you have Break Even, and once again, it gives you the choice There’s today or there’s expiration We want expiration, So Break Even, then you’d go to November 14 Now there’s only one price slice there And you notice the probabilities at the top, a 92% chance of being above your break even price, which for put is bad You actually want it to be below that And a 7% probability of being anywhere in that profitable zone So these are things that you can start thinking about and visualizing in one spot And so the next thing you would look at and say, well, what are we doing here? What are some price levels? Apple’s got an event coming out next week What should I be looking at? You maybe were saying, what’s the chart look like? I want to find maybe some technical levels, areas that have held in the past, maybe some areas that it could be pulled back to Now we’re going to get into to looking at charting, another layer of analysis that a lot of traders do pre-earnings So let’s now come over here, off to the right side in that Actions menu again, and go Slices to Charts, and just click on that top left chart box Now what this did is it now automatically came over, and we dropped that break even line right on our chart for us And a lot of people who blend options trading and technical analysis, they actually like to look at this to see if their break evens are corresponding to maybe any significant price levels or technical levels that they’re watching on the chart So now we’re in the charting app, and once again, we’re going to continue through with this analysis of this trade And maybe what someone is looking at here is saying, I’ve got some nice gains in Apple I’m concerned I might lose them I’m going to buy a put out of the money on the downside This is just for an example type of a thing we’re looking at here Where should I start thinking about it? And someone could say, well, look, right around that $110 level, it looks like some pretty well defined support I don’t want to try and wander into to Ben Watson, the chart master’s, territory here, but you maybe say, that $110 looks like something where if it breaks below that, then you could really see it making a move down below $100, potentially Things like that are what goes through someone’s mind as they’re trying to evaluate this trade Now there’s a few things we’re going to go through here on the chart, and there is almost, I would say, an infinite amount of potential customizations

you can make to this chart, and I think you’ll see why here in a second So when we first come into the chart, just for the purpose of looking so fresh and new, we’re just going to delete the drawing that we have So right click and just hit Remove Drawing And now we have a blank canvas here, so to speak So where should you start when you come in here and you’re looking at this charts app? Going up to that gear at the top of the chart, click on that That brings you into the overall settings And there’s a lot of things Some people like having the volume down below Some people want the volume superimposed on the price chart So you can say, well, I don’t know, maybe I do Maybe I don’t Click on the box, and don’t exit out or anything Just hit Apply And you can now see what that looks like And you say, eh, you know what, actually, I don’t like that Let’s un-click it and go back to the way it was before I like having it separate You can now go through– we’re going to go through and just look at some of these, and some days you can click around and play with them, see how they change And if you have any further questions, you can always call in, and someone’s happy to it to answer anything There is also in-app help as well Go to the price axis So now the price axes is going to give you some things that you can maybe make some changes here One thing a lot of people do is they like to maybe show the price as a percentage That’s one thing you can look at And you can actually get an idea of what the name you’re looking at has done over the time period covered by your chart We’re going to get to that here in a second But you can always do some other things, fitting patterns, fit predicted ranges, whatever that might be Once again, don’t be shy go in there and maybe look at– tweak it around these and just playing around and seeing what you like and what you don’t The next thing is the time axis Going into the time axis, now this is something where you can switch around your aggregation time Some people like to mess around with that Typically people are going to look at the time interval I just want to see year to date That’s really what I care about So go to Year To Date Aggregation period, that’s what one of these little bars is going to correspond to The aggregation period, just one bar, one day, and that’s good enough for me Some people like to get into 12 hours, five hours, whatever your level of comfort is or whatever you think gives you the best view on what this name’s been doing And another one that’s popular is expansion area Some people just say, look, I want to see about 50 bars to the right, 20 bars to the right, just so I can get an idea of– if I’m going to do some drawing or maybe try and project out some technical levels that I see developing, you can have a little bit of white space over there to work with You can also expand it to fit corporate actions I want to be able to see what’s going on here up until their next earnings report, dividend, whatever that might be You see we already have it expanded, and they just got their earnings But that would normally pop out where you could see If they had earnings coming up in 40 days, it would pop that in there You can also go in, and talking about frames, I don’t think really anyone just sits in one single timeframe We have some pre-populated here, but you can always go in and start looking at maybe adding some of your own custom frames I like– maybe we want that year to date, one day Because we already have that set up there, we just click Add Year to Date, One Day, and now it’s in our default settings or our favorites that we can just hop right to And we’ll get to that in a second The other one is the appearance The appearance comes in You can change what the bars look like You can change what happens if you see dojis You change what happens when you see a cursor And you may say, well, for candle, I like certain things For a line chart, maybe I like something else You can actually have that so you can customize it based off whatever you’re looking at Let’s just pull up a line chart And now you can start changing what you get from up ticks, down ticks, neutral, whatever that might be Let’s flip that back to candle, though, just for the rest of this And then next, you can get into, well, what if I have certain things I like based off what I’m trading? When I’m doing equities, I have some different preferences than when I’m looking at futures You can now go in and start looking at, say, here’s my equities, dividends Show social sentiment, that’s always a pretty interesting tool, especially for a lot of these sort of retail-driven companies And see what people are saying on Twitter about them For options, once again, you’re going to go in there You can start looking around and maybe making some specifications, show theoretical price, show the open interest, things like that, and then once again, seeing for futures and forex

So one thing you noted is that– go in in here, make any changes, hit Apply, and see if you like how that looks But once you’re done, just hit OK, and we’re going to come right back into the chart Now the next thing to go into here is looking at some of these studies, and I know we had some questions on studies earlier on Coming here, looking at studies, I’ve already said the possibilities are almost endless We’re going to click that dropdown, and you’re going to get a lot of studies that show up if you go to Add Studies And if you go in, these breakout into even more choices So one thing I just want to say, well, I know what the name of what I’m looking for is, but I don’t know exactly where it may fall in one of these major lists We do have them broken out in some cases by a trend study, an upper study user defined But go– another way, and the way I like to do this is, if you actually get out of this look and click on the beaker up to the left of settings, this pops up the Added Studies and Strategies list And let’s just say I’m looking for the simple moving average I just want a 50-day moving average So go in and just start typing, simple And it automatically starts filtering down– there we go There’s my simple moving average So click on that And what I said, the possibilities are almost endless Now we have a simple moving average, but look at what we can do We can say, this is going to default, because I have a one-day aggregation up to nine days I want a 50 So click on the sprocket over on the side, and you can now come in and change that to 50 You can change the style of how it’s drawn You can change the color, change the width, anything you want on there So now we have that, hit OK And you notice you’re going to start having– we might have multiple things up You might have something– your RSI, your MACD whatever that is And you say, look, I always want my simple moving average, I always want the RSI, and I always want a MACD in there So you very quickly just drop those in and say, no matter what, this is my base study set, and now I want this to be something I can pop up when I need to Just hit Save Set As, and just say, base studies, or whatever you want to call it And now we can easily get that to pop back up, and you can have different sets And here’s a futures one, here’s my options one, here’s my swing trading one, anything you want You’ve got all your sets over there So hit OK And note, we’ve come out here, and now we’re looking at some things, and maybe we want to start drawing in some important levels Go to Drawings, and you have multiple drawing tools We can just show how maybe you could draw a line real quick around that $110 level And then draw that in You can, once again, right click on that line once you’ve drawn it in and make some changes You can say, I can barely see that, and I don’t like it to be red Edit Properties, and you can widen it out You can change the color, whatever it is that you want to do You can change the style of the line, whatever you want to do You can do all that in here And if you want get very specific, if you say, I want it to start and end at that $110 level, begin point, end point right there And then hit OK And now you see where we’re at there with our line that we threw up there Some other, I think, interesting tools that we have in here that I think are worth looking at, Chart Describer is something that’s incredible If you’re trying to just get an idea of what’s popping up here, hit the Chart Describer button, and it’ll actually tell you some interesting technical things about the name that you’re looking at And if you like what you’re seeing up there, you can just go off to the right and hit Add Studies to Chart, and it will immediately pop right in So these are some of the things that you can look at doing here And generally, this is one thing where you kind of need to go in here and just start to play around The other thing I’ll show is the Pattern Finder If you come in here, go to Patterns, Select Patterns, you can actually go out and actually start scanning for some of these patterns that are going to be in here, and they’ll automatically highlight them on your charts So we have a lot going on in here, and trust me, most people don’t have this much going on But this is something you can look at where now we’ve got these patterns that it has noted, and we can tell it, hey, only bring up these certain patterns And it’ll pop them on there if they are in there in the chart So now that we’ve done this and maybe we feel like, I don’t know, one of these patterns

is telling us something, we think, that maybe there’s that one pin where, well, you feel a little bit better about now going back and maybe actually executing on that trade So let’s go hop over, going into the Trade tab We still have our order up there, and we can start going in, and you can maybe look at adding some advanced order types Someone was asking, all right, if one triggers, then maybe I want– if this order gets filled, then I want maybe an order to sell it if it gets up to a certain price level You can start getting into a lot of different order types It’s worth following up in education to make sure you’re comfortable with knowing exactly what these order types do And we could fill an hour, probably, just going through all the different order types, all the different uses, but that is another area that you can go to But this is definitely something that, for a lot of traders, they do like to make use of We can also come in here, and if you notice, you can maybe start playing around with the price You can say, all right, it’s at $0.27 I’m going to step back I’m going go to $0.25 If it drops down to $0.25, that that’ll be my limit price that I want to put in there You go to Confirm and Send You get to look at the max profit, potential, the max loss You can look at the buying power effect that goes in there You look at what your resulting buying power would be if this order were to execute And you get a last minute confirmation You can break out your break even stock prices on there for you as well Just keep in mind that max profit is if Apple goes to 0 So I wouldn’t go out and start spending that just yet But that’ll let you know on some of these options These spreads especially, sometimes it’s nice to know what the max profit potential of some of these spreads that people might put out are going to be as well So once we’ve taken a look at this and we feel good, just fire off Send And end of the day, you’re in your trading business You’ve taken a look at everything You’ve checked your account You’ve done some research You’ve looked at some trades, some stress testing, looked at the charts, fired off the order You feel good Maybe the last thing you need to do before you end your day, go back over to the Monitor tab and check on– you’ve got working orders out there See who got filled See who got canceled Make sure you’re OK with everything, and do one last spot check of your account to make sure nothing crazy happened that day And that’s really– for the flow of a trading business and in your process flow as a trader, that’s really, start to finish, why thinkorswim with was built, to keep it so that you don’t have to hire 20 people to do every little step of the way there So I hope everyone got something out of that Feel free to follow up with those questions And also plenty of demos and educational resources available for you to go through at your own pace But with that, Mike, I’m going to kick it back over to you All right Thanks, Shawn That was a lot of information And we’re running a little bit tight on time, so I’m going to fly through a couple more things real quick First and foremost, thank you, everybody, for joining us today to walk over some of the features and functionalities of thinkorswim And, TD Ameritrade, we have about 80 different traders that are on the phone– I think it’s over 80 now– where you can actually schedule some one on one demonstration time And if one of the coaches can put that link in to get that time scheduled as well for them, you can actually get a dedicated 30 to 45-minute session to walk through some of the functionalities of thinkorswim You can take this time and go through just the Charts tab, just the Scan tab, or you can just go over an overview For information, I saw there was a lot of different questions around things like, what is the first trigger OCO, what is the bid and ask, how do I set alerts On the Educations tab, as next steps for you that you can take a look at, go to the Educations, click on the Learning Center page, and you’re going to see a very descriptive guide that we have that says, How to thinkorswim When you click into that, you’re going to be able to see all the different sections that we covered today, Monitor tab, Trade tab, Scan tab, Charts, and a 200-page guide you can download, print, black and white, hopefully, unless you want to do a lot of color, directly on your computer And lastly, this is not the only event that we have On the Education tab, you’ll see an Education sub-tab that is available When you click into the Education sub-tab, you’ll see all the different information, things like what Shawn was talking about, what is the long option, what is a vertical spread, maximizing capital efficiency, and so on And as you go on the upper right, you will notice there is webcasts, in-person events, and we’ll have multiple educational seminars coming up as well Some of them also include us diving into the thinkorswim platform even more across four days near the end of December So with all that said, I know we’re right about at time I’m just going to kick it over real quick Just a friendly reminder for everybody that everything we talked about today is strictly for educational purposes, and any type of previous performances

will never indicate or guarantee any future success And on that note, I’m just going to kick it over to you For everyone on the closing session, head back into the conference page and click on Live Stream, and have a great night Thank you, everybody, for your time