An In Depth Look at Equities Trading on the Lightspeed Trader Platform

An In Depth Look at Equities Trading on the Lightspeed Trader Platform

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(soft music) - [Chris] Okay, so we're gonna go ahead and get started. Thank you everybody very much for joining us this afternoon. My name is Chris Donovan, I am a sales associate with Lightspeed Financial Services Group. My colleague today, Rob Libson will be assisting me in answering any questions that you have along the way during today's presentation. So please feel free to send a question into the chat or questions window, and he will get to it as soon as he is able to.

And we will have an open question section as well towards the end. So we can open up the floor so you can have a chance to ask a question, you have those addressed directly by myself if Rob has not yet gotten to them. So really quickly before we get started here, I did want to show you all something.

So we are currently running a 10K2021 promotion. The promo code is 10K2021. It gets you up to $10,000 cash back through a rebate of 50% of your equities and options commissions for the first three months after your account is opened. Please do note that in order to remain eligible to receive this rebate, you do have to maintain a minimum of $25,000 in equity at all times during the promotional period. So please do keep that in mind. So when you are signing up for an account, you can just enter this promo code into a promo code section on our website during the application process, and we will set you up with that promotional offer.

If you've not yet had an opportunity to try a demo of one of our platforms, you can sign up for free. Go to our website, lightspeed.com here and in the top right-hand corner, or on that previous slide you just saw, click on that.

It'll take you to the demo request page. You would just enter these little pieces of information, make sure you select the platform which you want to try, (indistinct) email, you write your username and password to access the platform, try it out. If you would like to open an account, you can just click on the open accounts button up in the top right hand corner of the screen. This feature on the website is available to US residents.

If you are not a US resident, you will have to fill out a PDF version of our application and email that to newaccounts@lightspeed.com. So clicking on the open account button on our website takes you to the first page and the first step in the process here. So you see here, as I mentioned previously, there is a promotional code section. And also if you have been working with either myself or one my colleagues here, Joe Craig, Rob, or Mark, these are my colleagues on the sales team here.

So if you've been working with any of us in the past with regard to demos for platform your or we've assisted in answering any questions along the process, along the way for the account opening for you, please do list us as your sales rep on the account. And I'm sure my colleagues would very much appreciate that. I also would, and we would be your point of contact going forward and any questions or concerns you have along the way or to your account and platform, you can reach out to us and we would be more than happy to assist you. So with that being said, we get this out of the way. And yeah, so I just have to read this disclaimer really quickly before we jump into things.

So just bear with me in a moment, please. This presentation is for informational purposes only, nothing presented today should be construed as investment advice or a recommendation to buy, sell, or hold any security or contract. Since we don't know everyone's investment objectives or risk tolerance, we are not endorsing any specific trading strategies. Security, derivative and futures trading involves a substantial risk of loss and it is not suitable for all investors. Each investor must consider whether this is a suitable investment since you maybe lose all of, or more than your initial investment.

Past performance is not indicative of future results. Lightspeed Financial Services Group, LLC is not affiliated with these third party market commentators, educators or service providers. Data, information, or material content are provided for informational and educational purposes only. This content neither is nor should be construed as an offer of solicitation or recommendation to buy, sell, or any.

Buy or sell any securities or contracts. Any investment decisions made by the user through the use of such content is solely based on the user's independent analysis, taking into consideration your financial circumstances, investment objectives, end risk tolerance. Lightspeed Financial Services Group LLC, does not endorse, offer nor recommended any of the services or commentary provided by any of the market commentators, educators, service providers, and any information used to execute any trading strategies are solely based on the independent analysis of the user. Thank you for sitting through that, I appreciate it. If after today's webinar you have further questions, please feel free to send an email to sales@lightspeed.com

and we would be more than happy to address those for you and work with you to resolve that. Okay, so we're going to jump into things here. I do know that the audio is being cutting out a little bit.

I'm gonna be speaking up a little more in an effort to make sure that everybody is able to hear me. So please let me know if you continue to experience some audio difficulties. I am going to do my best here to make sure that everybody is able to hear. So please, I'm keeping an eye on the questions section and then doing my best here for you all.

Okay, so just one more moment before we jump into things here, as I try to tweak my settings and just make sure that it's coming through a little more clear. Can everybody hear me any better now? Is this coming through a little more clear? Please let me know in the chat before I get started here, I just wanna make sure that everybody is able to hear me clearly. Okay, all right. Thank you everybody, I apologize for that.

But now we've got the technicals behind us. So let's go ahead and jump right into things. I do apologize for the delay. Thank you very much for your patience, I appreciate it.

Okay. So this right here, this is the Lightspeed Trader platform. This is what today's webinar is on. This is my personal layout here for the Lightspeed Trader platform. I'm currently operating on a laptop.

So typically I do have a different layout file that I use, but for the sake of today's webinar, this is what we're working with. So this box up top here in the top left hand corner, this is called your index bar. This is the foundation of your platform. If you will, you will see here that when I click and drag on the index bar, everything else moves along with it. So if you want to move individual windows, you certainly can do that.

And you can also adjust the size of these individual windows as well to your preference. And after you have opened all of these windows and gotten everything the way that you would like to have it, you can absolutely save this layout file and just click on the layout dropdown here, click save layout as. It'll open up your file browser and make sure you give the file a name that's easy to remember and save it in a place that's easy to locate. That way you are able to load it up to use again at another time.

Okay, so this, with regard to trading specifically, the level two window here is what you're going to be using it to see all of the quotes coming in. So here you see INSW, let's, If we choose something that's perhaps a little more active. And so Tesla, for example. You can see here that there's a little pre-market, or excuse me, post-market activity. So here you see the bid and the ask, bid is on the left, right side is the ask here.

And it'll show you also these pieces, these level one pieces of information up top. Now you can customize the level two window. You can also customize most other windows on the platform as well. And to save you time from having to navigate through the configuration window from the utility bar, if you click on the gear for a specific window who's settings you'd like to change, it'll take you straight to the settings for that specific window.

So I just clicked on the gear for the level two window, and now I'm in the settings for the level two window. So I currently have this setup as if it had our level one data bundle. I'm going to change this back. Click okay, all right.

So you can adjust the number of feeds coming, or excuse me, number of quotes coming through from each respective market data feed. That's one of the nice things about the level two windows. So you can altogether exclude NSDQ or ARCA quotes. You can also choose to exclude other market makers as well.

I just type in those letters. Click add, and it won't show you those. You can also change the fonts and colors. And this is also something that you can do with most of the other windows on the platform as well. It's quite the layout here, we have some additional pieces of data that you can add up top. So right now we've got tier closed, last volume open high low, change, change percentage, and from the data fields column here, or excuse me.

This list here is what we have also available to add to the top portion of the level two windows. So definitely spend a little time playing around with that. If I wanna add the VWAP, just drag and drop that. Click okay. Now I've got my VWAP sitting in there too.

So it's, as I mentioned previously, quite customizable. And with this platform, you can also change the color. So if you, for whatever reason would like a pink background, you certainly can do that. Click okay, there you go. I'm going to change that back to black. It's just a little easier on the eyes here, but you can change the platform to get it however you would like it to appear for the most part, in terms of colors and also general layout too.

So this is, notice also the yellow border around the level two window. This indicates that this is the active level two window. So you can have more than one level, two window, right? So I've put Ford Motor Company in here, but the yellow border is now on the Ford level two window. That's because it's the active one. So when I go to use my level two, or excuse me, my order entry window here, if it's linked, if the setting is linked to link to focus, anytime I click back and forth between these two windows, you can see here, the ticker also changes in the order entry window. So this is something to keep in mind and be wary of when you're utilizing the platform.

So if you're going to have multiple level two windows and multiple order entry windows, make sure that they're linked to the respective window that you'd like to, and also just pay attention to that yellow active border. Now you see in the top right hand corner here is a green letter E that indicates that the security is easy to borrow. So you do not have to use a short locate to find these shares. If you'd like to open a short position on this stock, you can do that right away. The 25% in the gray box here also indicates that this is a fully marginable security.

So if you have four to one leverage, you will only have to put up 25% of the cash in your account to open that specific position for that specific order. So these indicators here are helpful to keep an eye on when trading. Now, if you'd like to place a trade, there are a number of different ways that you can go about doing that. If you'd like to place an order on the ask, say, for example, this one ARCA order sitting here, I can double click that price and it'll populate the price down here in the order entry window. That's kind of a neat feature, so you don't have to spend time manually typing in 707.16, or excuse me, 0.61.

You can just double click. So that'll populate the price for a limit order. And because today we are currently in post-market hours, I'm going to use the, see here, the NSDQ route here, because during pre and post-market hours, the LSPT route will not function. That route is only available during market hours. So please do keep that in mind if you intend on trading pre and post-market.

Additionally, trading pre and post market, you have to use limit orders as well. Market orders will not work because the market is not open. So we're just going to place an order here on the ask here in 707.50 for Tesla for a 100 shares. Click buy, you see here my order got filled right away. So this is a simulated environment. So you're going to get pretty close to execution speed and what you could expect in a live account.

But again, it is a simulated environment. So not all market, not all orders would behave the same way they would in a live market environment. So please do keep that in mind as well.

So you see here in our positions window, just populated, we've got a 100 shares of Tesla, our cost basis is 706.75. There are additional columns that you can add to this window as well. So I'll show you that in just a second, but it's also important to keep an eye on your messages window in trading. And the reason I say that is because I sent that order for a 100 shares of Tesla at 707.50, and we got filled at 706.75.

So this will tell you and show you where your orders, what price the orders being sent at. And it'll also show you where you got to fill that as well. So definitely important to keep an eye on that messages window when trading.

And with regard to the additional data columns for the positions window, some people like to have their cost basis there. And it is absolutely a very useful piece of data to have easy access to, especially when trading. So on the left hand side here, here is what we have already in the positions window. And on the right hand side is what we have available to add to. So you can add a, to your size trade account value, see what else here, dollar value, percentage change of your cost basis and so on and so forth.

And we do also have other data fields that you can add as well. So if you want to add some timeframe ones, you can also do that some time in sales. You can also do that as well. Same with the customization as I mentioned previously with the level two window, you can change the background colors, and you can also change the font, how the column headers are also displayed too. And we also have some preset layout options as well for the windows too.

So you can see that's the figure looks like. I'm gonna go back to default though. I can also choose to summarize all your long positions or your short ones.

So definitely spend some time clicking around in these features so you're able to customize things and get them just how you would like them for when you are ready to go live trading. So with regard to some other ways to order, excuse me, enter orders, I didn't mention that there were a number of ways to do that. I just showed you the basic way to do that via the order entry window.

However, with the Lightspeed Trader platform here, you may have noticed that we have a hot buttons window. Now I'm going to click market, buy a 100 shares there, but you can see it's routed LSPT, LSPT. So because it's a demo, I'm gonna get filled on those right away. And of course, as mentioned previously, we are in post-market hours.

So market orders don't work, but you get the idea in the sense that you can utilize these buttons to buy and sell shares when trading. Now, how you create these is what I'm going to show you next. So you would have to go into the settings for the platform and in the custom orders tab up here is where you'll find the create new command button. So there are two preloaded commands on the platform. We're just gonna not pay attention to those for now, we're gonna click on create new command. Okay, we're gonna give this a name.

So I'm gonna, I want this to be a buy order for 500 shares. And I also would like for it to be routed to the NSDQ. So I'm going to put in the market box, NSDQ, and make sure that radio button for buy is selected and also make sure that you have limit or stop or on close, whichever you prefer, whichever you're looking for. I'm gonna put a limit order and we're gonna place it on the ask. And we're also gonna place at 5 cents above the ask.

So we're gonna do a little slightly aggressive order type here in the hopes of getting filled when we would like to. So with regard to the, with position to close and without position to close section, and this is very important. So with position to close, if I tell this that, if I select quantity here and I put in 500, and I also put quantity without position to close 500, this now is telling the platform that if I don't have a position already established in the stock, and when I use this order, it's going to send an order to buy 500 shares, 5 cents above the ask. And if I do have a position to close, so with position to close and I press this button again, then it's going to send an order to buy an additional 500 shares.

So that's something to keep in mind. I'll show you how to do a closeout one as well. It just wanna make sure that we get this done first.

So call this by 500. We get a plus, no. Buy 500, ask five. And you can choose if you would like a pop-up confirmation to come up or not, totally up to you.

If you turn these off, it might make placing orders a little more quick. So you will not have to click yes on the pop-up that comes up, but... So the easy way to map a key after you've created this custom order here, you can go straight to map key now, and then you'll be able to map it as a hot key. So here we see under make sure that custom commands is selected from the right hand side, make sure you click on the command that you would like to map.

So make sure buy 500, five is highlighted, then click on the corresponding key combination that you would like to map it to. So I'm going to map this to control one, click on map and make sure it's highlighted, there it is. It's over there, click okay.

So I'm now also going to add that custom order that we just created to the hot buttons window two. So if you click on the gear for the hot buttons window, which if you do not have a hot buttons window, you can access from the new button here drop down. And you, this essentially is where you would be able to find all available order, excuse me, windows for the platform.

So here, we've got hot buttons, click on that. If I wanted a separate hot buttons window with just that one button or just a custom orders that I created, we can certainly do that. And so open up the settings, highlight the order, click add. There it is on the left-hand side.

So right now the button is gonna be gray. All right, so because it's a buy order, I wanna change that color to more green. So click on that, click on the color.

You can also change the color of the font if you'd like, I'm not gonna do that. I'm just gonna try and keep things moving here as best as possible. So we've got our buy 500 ask there. Now I'm going to create a closeout order, okay? So back into the custom orders command tab, create new command.

I'm going to call this closeout bid five. So we'll make sure the sell button is selected there. I'm gonna route this to NSDQ, NSDQ.

Make sure it's set to limit, bid. And then we're gonna put 0.05. Now, because this is a sell order, if you leave a positive value here, it's gonna go underneath the bid.

If you did put in a negative value, then it would be above the bid. So do keep that in mind. So we want this 5 cents below the bid. So we're just gonna leave it as a positive value in this case, because it is a sell order. So it will be 5 cents below the bid. Now, with position to close, this is important.

Make sure you select the closeout radio button there. And because I want a full closeout order, I'm just gonna leave it on full position there. And without position to close, I want to leave that as zero. So now this button, this order is configured only to closeout long positions.

So if I don't have a position in anything and I press this technically sell button, it's not going to open a short position by accident or anything like that, because I have quantity zero here for without position to close. So this is only going to closeout our positions here. So I'm gonna map this as well to say, shift two, right? Click okay. And I'm also gonna add it to our hot buttons window, closeout bid five, add, make it red or sell. Okay, so now we need 500 shares to closeout, right? So let's test out that custom command that we just created. So we're gonna buy some Ford Motor Company here.

I'm gonna do, buy 500 ask. So we've got the pop-up confirmation that comes up here, it exceeds my defined limits. I will show you that in just a moment as well.

Do I wish to still place this order? Yes, I do. Okay, now the reason that I'd received that message was because in the trading tab here under warnings, I have a warning come up when the share size for an order that I'm sending is "too large". So you can specify when you would like to receive a warning.

If you by accident are trying to open a long position that is far too large for your comfort, you can certainly set a parameter there. So you see here, my number was 300. So if I had, if I changed this to say, for example, 600, click okay, and I send buy another 500 here, use our custom command, you see here, I just bought another 500 shares and no warning, no pop-up came up there. So you can see that went through pretty quickly. And all I did was just press Control + 1. If I wanna buy another 500 shares, 5 cents above the ask, click on the button there.

So pay attention to the messages window, right? So the order was sent at 1398, which at the moment is exactly 5 cents above the ask here, you can see, and we got filled at 1395. So we got a better price than the limit price that we indicated on the order, which is fantastic. So now I'm gonna close this out, test out the custom closeout command that we just created.

I'm gonna click okay. Yes, get that. And again, I'm getting this pop-up order 'cause it's 1500 shares and I had only changed it to 600 in my warning, in my parameters there.

Click yes, that goes through. I'm closed out. So the order was sent at 1386 and actually we got closed out with 1393, which is nice. We got a better price than the limit price we had indicated.

So that's fantastic. So that was just a quick overview of creating custom commands. We do have trailing stop orders. They are not enabled by default on the platform.

If you have a live account and you would like to have access to these, please send our service desk an email requesting that they enable it for you. Their address is service@lightspeed.com. Additionally, if you have a demo account and you would like to check out our scanning tool, this is our light scan feature, our function here.

So this works pre and post market. There's a number of ways you can choose to arrange the data or the takers displayed. And you would also have to send an email to service@lightspeed.com, requesting that they enable this feature for your demo platforms. So you can check it out. So, and just as I showed you with the positions window, there's a number of columns that you can add to the scanner as well.

For example, a 52 week high, 30 day average, percent gap, percent from primary open. Scroll down here, number change from percentage, open dividend date if you're somebody who likes to do some passive income generation there, you can, to get your dividends, you can certainly add those columns as well to the scanner. So this is a very useful tool to have in your arsenal when you are trading on.

So, definitely if you would like to, I do think that you should check this out. So be sure to send an email to service@lightspeed.com requesting that they enable that for you. So we also have a risers and followers window too.

So you can also choose to arrange those pieces of data in whichever order you would like. However, it's a little different than the scanner, in that you would not be able to just click on the header of the column to arrange it. You would have to go into the settings and change that yourself. So here with the risers and followers, same with the quotes on the level two window, you can choose to include or exclude quotes from particular venues.

You can also choose to exclude or include specific symbols. Never display, always display, or you can highlight specific windows too. So you can help keep an eye on a particular stock that you're interested in. And you can also do that with your watch list here. So this is the watch list window here.

It doesn't say watch list up top because I named my watch list, stonks, but the default name would be here if I created a new watch list, is generally going to be watch list. So you can customize the name for your watch list and you can build it out and you can have multiple watch lists at the same time, you just have to switch back and forth. But if I just wanna add TSLA, I wanna add some Tesla there. You can do that, type Ford, NVDA, Micron, MicroStrategy, a little gray scale in there, something else maybe.

How about some Coinbase too? Yeah, so... And then you can choose to sort it as well. You can move these individual up, up and down these tickers. Click okay. So now it switches over to that other specific watch list that I had just generated. We're just gonna change that to watch list, click rename.

There we go. So now I've got watch list. If I click on this column here, it'll arrange them, should arrange them alphabetically.

You can also do it by price as well, volume and similarly to the scan and the risers and followers and the positions window. You can add additional data columns here. Just go to the columns tab in that setting and see what we have available. So I'm gonna take a breather here just for a second. I'm gonna take a sip of water.

I've been moving pretty quickly here. So if you do have any questions along the way, I'm just gonna take a quick look at the question section as well, see if there's that I can address to before we continue on. Okay, it looks like Rob has been able to get to all the questions that have so far been posed to us, but please, if I am moving too quickly or you would like for me to go over something again, please let me know in the chat window and I will do my best to get back to that, or get back to you on that, okay? So moving on.

Another useful tool or a set of useful tools that the Lightspeed Trader platform has available is our SMA tools. So this is social media analysis, so you can get a sentiment odometer. So these tools scan social media. So primarily mostly Twitter. So you can see here, it'll scan what people on Twitter are talking about, saying about Ford Motor Company.

If I change the ticker symbol here to Tesla, you can see people are feeling pretty mad about it right now. If you want to take a look at Coinbase, people are feeling extremely positive about it. People are saying good things. They like what they see, Ethereum trading volume exceeded Bitcoin for the first time, so it's kind of a big deal for some people.

So very exciting. So people are hyped up and going to be saying good things about the company on Twitter. So that you'll, that's probably why the sentiment odometers over on the extremely positive side there. We tried for example, Micron as well. See what, yeah, people are feeling kind of mad about that too.

Supply chain constraints with semiconductors, et cetera, et cetera, a number of reasons why people may not be as excited about semiconductor stocks or chip stocks. So that's just some useful, not totally necessary to use with your trading, but it absolutely is useful to have that. Some people like to incorporate that, some people not so much, it varies. I'm just trying to show you this sentiment trend as well. This is just another useful tool that you have at your disposal as well. So the S-Volume is a representation of indicative tweet volume, over a look back period.

So here you see volume, except it's not volumes of shares, it's volumes from tweets. So something to keep in mind and the S-Score is normalized representation over social media sentiment, over look back period. So definitely explore those if you are interested, they can be very useful. Is there a limit to the number of windows that can be linked to focus? Well, you can certainly link charts to focus. And that was something that I was gonna be getting to as well in just a couple of min...

Actually, it was the next thing I was gonna be getting to, is charting and also order entry. So you can have multiple level, two windows, multiple order entry windows, multiple chart windows. You can have them functioning independently of one another, but in order to place trades from the order entry window, you do need to have it linked to at least one level two window. So for example, if I wanted to have an independently functioning chart, absolutely can do that. Just change the ticker symbol here to Tesla, and I'm gonna make sure that... And the way you would be linking and unlinking windows as well on the platform, is you can right click on the header of that specific window, scroll down to link and then click unlink or select the level two window.

I only have one level two window there. That's why it says zero and just quote window, or you can select link to focus. I'm going to unlink this. So now I just wanna keep an eye on Ford Motor Company, while I'm bopping around doing my post-market trading here. And you'll see that I just changed the symbol to Micron there in that chart.

Also in the level two window, if I wanna check out Nvidia, but also wanna keep my eye on Ford, Ford there stays independent, doesn't change because I have it online. So this is its own independent chart. If you want cross hairs, if you'd like to use cross hairs here, you can double click on the body of the chart, and those will show up for you.

You can see the numbers on top here, corresponding to the location of the intersection of the vertical and horizontal line here. Sort of show you highs and lows and so on, volume and so on and so forth. Additionally, there are some studies that you can add to the chart. So if you right click on the body of the chart, you click on show toolbar, that will bring up the toolbar for the chart window here. So if you want to draw a solid ray, it comes with a couple of preloaded studies that you can add to the chart. So if I wanna draw a support line, something like that, click on the solid ray.

Click where you would like for it to start and drag it out for where you'd like for it to end. And whoops! That was a right click, pardon me, excuse me, everybody. Sorry about that. Click where you want it to start, click where you want it to end, there it is. You can drag it around, you can move it around. You can also just right click on it and just delete it as well.

See here, delete selected lines. Just to give you an idea of the studies that we have available on the platform as well, from this dropdown in the studies tab for the chart settings, these are the studies that we have available. So if you were looking for more charting studies, then I would suggest checking out the Sterling Trader Pro platform, but for the sake of today's webinar, we are covering only the Lightspeed Trader platform. So these are the studies that we have available for the charts.

So some MACD, some RSI, some Bollinger, VWAP, some EMA, some SMA, Pivot Lines, Fibonacci Lines, and so on. And you can also choose to add a different chart parameters, different timeframes here. So you see here I've got five, 30, 15, 60, 50 to 90 day.

If I want to add a one minute, you can certainly do that. Just make sure that you select the period for one minute and call and give it a name as well. So you can add that to the bottom part of your chart. So I want to see all data. So I don't wanna just see market hours or pre and post, I just, I wanna see everything. So I click all, bars back, click on add.

So now you see the one minute corresponds has been added bottom right of the chart window there. So now anytime I wanna take a look at those one minute candles, I can do that and I can switch back and forth pretty easily between the other timeframes that I have set. With regard to zooming in and out, if you scroll up with your mouse wheel, it'll zoom out.

If you're scrolling down with your mouse wheel, it will zoom in. If you would like to move the chart up and down without zooming in and out, hold Control and scroll with your mouse wheel. Also, if you wanna move it left and right without zooming in and out, you just hold Shift and scroll with your mouse wheel. So you can see that, pretty nice feature and functionality there with the chart. I'm just gonna take another second here to take a look at the question section, as I do have noticed here that it has been filling up a little bit. So just bear with me a moment, please.

Oh, my colleague Rob is really on top of everything. He was getting the questions before I even can. So thank you very much Rob, I appreciate that, helping me along here with the webinar, keeping things moving very smoothly, I appreciate that.

But please continue to add questions as we go here and I'll do my best to get to them at the end if Rob has not already gotten to them, he's been pretty quick to the draw today. So that's fantastic. Thank you, Rob. Okay, coverage linking and unlinking windows, covered the charting studies, covered the scrolling in and out, covered the timeframes, let's see what else here. Ah, yes, this is actually kind of neat too.

So if you would like, we're gonna, I'm gonna change this back to Ford Motor Company and I'll show you why in just a second here. So you noticed I was just in the trading sub tab. You can, if you check these boxes show active orders, show executed, show canceled, show execution, excuse me, show position, that will display on your chart. Now, you can have those show up on your chart. However, you cannot originate orders from the chart.

This is actually a common question that I encountered from people who are curious about signing up for Lightspeed. Can I originate an order in the chart? And the answer unfortunately is, no. However, you can adjust orders in the charts.

So if I wanna buy some Nvidia, right? Okay? And I want to place an order, I want to limit order. I don't really wanna pay the ask there. So I'm gonna place an order saying I don't wanna pay any more than a 196.70 per share there, click buy.

So we have an active order out there now. So you see that green line just appeared on the chart there, so that's our active order. So the chart settings does allow for that and you can adjust the price. So if I click and drag and drop on that line, I'll get little pop and let go. I'll get a little pop-up confirmation, are you canceling and replacing this order? Yes.

Okay, so we're canceling the 196.70 and replacing it with 195.31. Yes. Okay, so that canceled it, this is a new order. Now, if I want to move it up, make it more aggressive, put it way up here and make sure and hopefully we get filled. So I'm replacing it with 199.88

as the limit price, click okay. And you see there, we got filled at 196.89. So we got a better price than our limit price.

So to address that question more directly, you cannot originate orders from the Lightspeed Trader platform, but you can adjust the limit price on them. So, and you can also have them show you your execution and your position, et cetera. So you see the dotted line is, it's no longer a thick solid line, it is now a dotted line indicating that the order was executed. And we now have a position in that specific stock.

Yes, we will get to options trading a little bit today. So I'm just trying to keep things moving a little bit here. Let's see.

No, so the Lightspeed Trader platform does not offer a conditional order or COs. You do have to send each order individually. So please do also keep that in mind. Again, the trailing stop, if you are just joining us now, trailing stop orders are available, but you would have to reach out to our service desk and request that they are enabled for your platform in your live account.

So just send an email to service@lightspeed.com, ask them to enable that for you and they can most likely do that. Okay, so we covered equities trading for the most part with the Lightspeed Trader platform here, but I definitely spend a lot more time here, but we are a little limited on time, but definitely check out from the new dropdown menu here, you can see what other windows we have available to use. We've got block trades, options most active, ticker alerts, order imbalances, halted symbols, list order entry as well.

And also the platform offers a complex options order entry. I'll be getting to that in just a second, give you an account summary of requirements, messages, and so on and so forth. It is a robust platform. We do feel strongly that we are providing the tools necessary for day traders to implement their strategies and be successful hopefully. So if you do have any further questions after today's webinar, please do feel free to email service, or excuse me, sales@lightspeed.com. So I'm just going to add a new page here, and we're just gonna build out some options stuff, because I had been seeing a couple of questions about that in the chat here.

So with options, you do need an options level two window. So I've got an equity level two window. You need an option level two window. So we're gonna open that up. Gonna do an option chain as well.

You gotta see the contracts that you wanna trade, right? Let's see here, options most active window. It's also helpful to have open. Let's see what else here. Complex options order entry too. All right, cool. So I've got these windows open here, so I'm gonna type in if I wanna check out the SPY, take your SPY, check out some of those contracts here.

So here you've got your option chain. You can customize how many contracts you wish to see at a time up to 10. You can also just bring it down to one, if you would like, but we're gonna leave it at six. So if you'd like to place an order for one of these options, one of these options here. So you'll see on the... You'll notice on the left hand side we've got our calls and on the right-hand side we've got our puts.

Double clicking on a contract will populate the level two window there, and also double clicking on the price should also, hang on just a second, option time and sales window is also helpful to have, but non-compulsory. Okay, so in the option level two window here, you can show the order ticket. For some reason here it's configured to hide.

So I'm gonna click show for that. And also for order entry settings too, let's see here. Buy on the left and the right. Yeah, that's fine, I'm okay with that. Default order price, so you can set, if you want to have a default order price placed on the ask or the bid for your contracts, you certainly can do that.

Additionally, you can set your default order type too. So if you only want to, for whatever reason use market orders when you're trading options, you certainly have that option available as well. You can also select your default market route too, for sending your orders too, and even the default quantity. So if you just wanna trade one option at a time, you can do that. If you wanna trade a 100, you can also set it to do that too, but we're just going to keep things simple and leave it at one for today. I'm gonna click okay here, we've got to reopen that window.

There we go, okay, yeah. So I clicked, I changed the setting before as you all saw for the order ticket, from hide to show. I had to closeout the option level two window and reopen it again.

So now we have our order entry displaying our order ticket on the bottom here. So as I mentioned previously, if you double click on the specific price, it should populate that for you. Let's see here, smart limit price. Okay, yeah, so double clicking on the price in just as we did with the level two window for our equities, you can do the same in the options level two windows.

So you wanna place this order on, this ask here 39 can do that. And you'll see now we've got a price populated there and the buy and ask funds highlight or light up. So send that order through. But yes, it goes through, I did not have a positions window on this page, but if we go back here to the positions window on our equities page, you'll see there that we got filled there. So we currently have a position in the SPY August put contract there. And so if you'd like to close that out, you can just do the opposite.

I also would like to show you that too same applies for equities if you wanna closeout a position, you can also just right click on that specific position in the positions window and go to closeout all. You can do a closeout only just that one specific position, or I'm gonna just do closeout only here, just so we've got nothing going on any more. All right, great.

So back to the options page here now, with regard to the complex options order entry. So you can double-click these to populate your level two window here, but to populate the complex option order entry window, if you can click on just the box near for each one of these, it'll pre-populate those for you. So we're looking at the August 11th right now and the 441 strike or no, excuse me, or now 445 is I keep clicking on it.

You can sort by strike price here for each individual contract. You can select which side, you can do a standard. you can do by expiration as well and puts too. So if I'm just doing a put there and buying a put, and then I also wanna buy a call, just one, haven't put in a price yet. August standard, okay. So it'll give you a visual representation of the option strategy that you're about to put on, which I find quite helpful, especially if you were going to be doing a lot of options trading.

So you have got three option legs here, and you've got a visual representation and here's your breakeven, and here's where you start to make money. And here's where you start to lose money when they move against you like that. You also have the ability to add an equity leg. If you click on add equity there, you can type in SPY for Spider 500. I wanna buy a 100 shares too.

You can see that also gets factored into the visual representation too. So you kind of have a better idea or a visual aid to assist you in knowing what you're getting yourself into when you're placing this order. Additionally, you can save this specific option strategy too for use at a later date. So I wanna do Chris SPY strategy, click okay. And I get rid of all of these, clear that out, remove equity leg. And now in spreads, I've got Chris by strategy saved there.

So you can pre-populate it just as I had it before, and you can obviously change the price and change the contracts and whatnot, but that's a useful tool to have there. So I'm just gonna click reset, start over there. So we're just gonna do a call expiration and strike. We're gonna do put different expiration, different strike price, buy and sell.

The platform also does come with some preloaded strategies here. So if you populate this complex option and order entry window accordingly and appropriately, it will give you the option to select one of these. The text would be white instead of grayed out, and you can click on that and it'll put on that strategy for you.

And then of course you would have to press go and to send the order to actually make that trade happen. So I'm just gonna take another quick break and grab a sip of water, hang on a second. And also check out the other question section. So we are coming up a little short on time here, but that is most everything that I would like to have covered for today. The options most active window is definitely a useful thing to have on hand if you are going to be trading options, definitely want the options chain available too.

And so you can just have an idea of, you can again, same with the scanner tool and also the watch list, you can sort by the specific column, data column of your choice. So if I click on volume there, we saw here there was a lot of volume in the SPY, August 11th, 443 puts today. So you can see that and sort of that'll help you with your strategy. Useful tool to have on hand there. So bear with me a second while I take another sip of water here and check out our questions section.

Okay, I showed you how to do the default order size for options. I'm just gonna show you how to do that real quick for equities too. So just bear with me a second, please.

Okay, for setting the amount of shares per order, you can certainly do that. So upon login, you see here, pardon my voice crack, the sub-tab here. So upon login, so when you log into the platform, you can have the quantity set to, by default here it is 100. So you can adjust that if you would like, right? And you can also do the same thing for when you click on an equity. So when I double click one of these stickers and it populates a level two window in the order entry window, you can also change the quantity as well.

So right now for clicking on something, it's not going to update 'cause that's what I have it set to. Also, when you send a command, you can have it reset to, or just don't update at all for quantity and the same also for quotes too. When you change quotes to another stock, same thing. It's currently set to don't update for myself, but you can adjust that, you can set to and then have a number of shares. So Bernard, I do know that you were asking about that. Yeah, so with regard to the order types for options too, what we have available, we've got limited market stop limit as well.

So if you wanna put on a stop limit, you can also indicate your stop limit price. So we've got our stop price at 3.82 there, and you can put that at 3.5, or whatever it is that you would like to. With regard to creating a custom order for options specifically, it's a little different than creating one for the equities. I'll show you how to do that.

You gotta go into the settings for the level two window and excuse me, for the options level two window specifically, not the equities one. So I'm gonna close that out just to avoid some confusion. For the options level two window, click on the settings, the gear, and it'll take you to the settings. Make sure you go to the commands sub tab.

And this is where you can configure your custom commands as well. So you can help more effectively implement your options trading strategy, if that is something that you'd like to do. So just make sure you have the buy or sell side selected, your markets selected where you want the order to go. The type of order limit market stop, time and force, of course, as well. The number of contracts that you would like to send as well and similarly to the equities custom commands here, we've got a width position to close section, any without position to close section.

So currently this is configured to buy one contract, regardless of whether or not I have an open position. And you can also configure if you want to just populate that order entry portion of the level two window here, which is along the bottom, right? If you have sent order ticket, when I send this command, it's just gonna populate the order ticket, and then I would have to click either buy or sell by hand. But if you select send to market, then it will actually send out that order. So you won't have to check out the order entry portion of the options level two. It'll actually send out that order too. So you can give it a name buy one, bid, add.

So now if you go to the hot buttons tab, you can scroll down to the bottom and you see here, buy one, bid, click okay. Or click add, excuse me. And you can, and then you see that hot button, that custom command we just created has now been added to the options level two window as a hot button.

You can also map it to a hot key as well. The way you'd go about that, you'd just go to the keyboard tab in the settings and you can see there, buy one, bid and you wanna map it to Shift + 1. You can do that. Click okay, go back here.

Excuse me, just a moment please. Buy one, bid, send to market. Okay, just wanted to make sure, click okay. Get a little pop-up confirmation here. Yes, so I just used that customer that we just created and then use the hot button that we had also just added to the option level two window. Just send that order out.

So if we switch back to our page here, we've got an active order out there for buying an SPY, August 11 contract. So, yeah, so I mean that's pretty straightforward with regard to creating custom orders as well. For options, you do see the order types we have available, market stop limit from the order entry window and also limit market and stop from the custom commands window. So I'm just going to open things up for some questions really quickly here. We do have to wrap things up, unfortunately. Thank you very much for sitting through this with me.

I hope that you were able to learn something new today. So if you do have any questions, I'm gonna take a look at the questions window right now and see if there's anything that Rob's not yet gotten to that I can address. Yeah, Paul, you don't necessarily have to drag across the volume every time you wanna switch, excuse me, navigate back and forth to charts.

You just click along these little parameters, these little subsections that I've added to my chart window here. I'm sorry, I don't really fully understand your question, but there, you don't have to drag your mouse across the volume every time you look in there to navigate back and forth from charts, as you can see there, it's pretty straightforward. Just navigate, just clicking on that timeframe that you'd like to take a look at. Okay, well, I thank you everybody for joining us this afternoon. I do believe that I've addressed the questions from the questions section and also with the help of my colleague, Rob Libson, thank you very much for your help today, Rob. I appreciate it.

Everybody, thanks for joining us. I really hope that you were able to learn something new today about the platform. Please, please if you do have further questions today after the webinar, feel free to email sales@lightspeed.com and we'd be more than happy to get back to you and assist you with inquiries about the platform or our pricing or anything of that nature.

We would totally be getting back to you about that. And just one last time for those who may have missed it the first time around at the start of the webinar, if you'd like to open an account with us and you are a US resident, just go to lightspeed.com and click on open account. It'll take you to the first page and the first step in the application process.

If you've got a promo code, you can type that in the promo code section. If you've been working with either myself or another one of my colleagues on the sales team, make sure that you list that name before submitting that application. They would really appreciate that.

And we would be your point of contact going forward, any questions or concerns you have about the platform or your account, you can definitely reach out to us and we would be more than happy to assist you. If you've not yet had a chance to try one of our platforms, we do offer many. You can also submit a demo request for a free trial, a free demo of one of our platforms too.

And then in the same upper right-hand corner of the website, click on the try. Demo button will take you to the demo request page, just fill out your first, last name, email, phone number, and make sure you select the platform that you would like to try. And we would send you a username and password to your email that you can use to log in and access the platform with. And then lastly also, do not forget we are currently running a 10K2021 promo. That is the code that you can enter when applying for an account. You can get up to $10,000 cash back through a rebate of 50% of your equities and options commissions within the first three months of your account being opened.

And please do note that a minimum of 25K inequity at all times during the promotional period is necessary to remain eligible for that rebate. So please do keep that in mind. So that's it for today. Thank you again, everyone for joining us.

I really hope you have a wonderful evening. And please, if you do have more questions, please feel free to email sales@lightspeed.com. Have a wonderful night and thanks again for joining us. (soft music)

2021-08-25 21:06

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