Version 17 brings improved performance, brand new EasyScan editors, many bug fixes and new trading functionality including multi-leg option strategies. It is currently a beta version. We strongly recommend that before placing real trades, you get familiar and comfortable with the new trading features using simulated paper accounts. All securities are offered by TC2000 Brokerage, Inc., a separate company that is a member of FINRA/SIPC and affiliated with Worden Brothers, Inc. through common ownership.
This document will be updated throughout the beta period. Check back periodically.
You can see older release notes here.
Access the new trading menus on the lower left corner of any chart. They give you access to most common order tickets and operations.
Use the Strategies button in the lower left of a chart to open option strategy tickets directly on the chart. The menu divides strategies into bullish, bearish and volatility categories. Strategies include single-leg, multi-leg and combinations with underlying stock. Calendar strategies are still being worked on. They'll be available soon.
Multi-leg strategies open as a single trading ticket on the chart.
This example shows an order ticket for a call option.
This is an example of buying a CALL option. Watch the P/L zones and breakeven point dynamically update during the following operations:
At the end of the video, the mouse hover shows the value of the green zone at different stock prices. The P/L zones are calculated based on the expiration date of the option contract(s) being viewed.
With multi-leg strategies, drag each contracts line separately to select the strike prices. The P/L zones update dynamically for the selected strategy. In the short strangle strategy, you are hoping for the underlying stock price to remain between the two strike prices through expiration. This strategy has unlimited risk to the upside and downside.
Options and multi-leg strategies can have large spreads. The slider lets you set the limit anywhere from the far to the natural (marketable price).
The Step Limit lets you start your order at the far side or middle of the spread and slowly step toward the natural price. You could do this manually by placing your order and manually replacing your limit price, but the step limit does it automatically for you. This lets your order be exposed to the market to see if anybody wants to take the other side of your position at a better price for you.
The disadvantage of stepping toward the natural (and/or market price) is that if the market moves against you while stepping, you will get a worse price than if you had just bought at the market initially.
EasyScan Dashboards are reports that can track multiple EasyScans at one time. Counts are continuously updated so you can see stocks move between your scans.