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StreetSmart Pro® User Manual

1. Cash This represents the total dollar value of your unswept or intra day cash money market funds bank deposit accounts and net credit or debit balances you hold in the Schwab account you have selected to view 58 Money Market Funds Account Detail amp Alerts The value of the cash you have invested in the money market sweep fund s you selected for your account For Schwab Investment Accounts interest is earned on any credit balances in the account and is not reflected in the Money Market Fund balance Bank Deposit Accounts Schwab acts as your agent and custodian in establishing and maintaining your Bank Deposit Accounts Bank Deposit Accounts constitute direct obligations of the Sweep Bank as defined below and are not an obligation of Schwab Free Credit Balances will be deposited into Bank Deposit Accounts without limit even if the amount in the Bank Deposit Accounts exceeds the 100 000 FDIC insurance limits For deposit insurance purposes deposits you may establish in one capacity directly with a Sweep Bank or through an intermediary such as Schwab will be aggregated with the Bank Deposit Accounts You are responsible for monitoring the total amount of deposits you have with the Sweep Bank in order to determine the extent of deposit insurance coverage available to you Sweep Bank means the Schwab affiliated FDIC insured bank as referenced in your account statements and disclosed in your account
2. 18 20 x 10 2 per share 20 2 18 e You may also enter Trailing Stop orders from the Trading window by sending a SmartEx Trailing Stop order type This will display the conditional order in the Order Status tab until the trailing stop condition is met and the order is sent and becomes an Open order Alerts with Conditional Orders using a Trailing Stop will display in the Alerts tab Use either method of setting a trailing stop depending on your needs and preferences NOTE When placing a Conditional order where the order action is Close and where you specify a certain number of shares to trade if the tradable quantity of your position is less than the specified number the software will send the order for the lesser amount instead of not sending the order due to insufficient shares available to trade EXAMPLE You have 700 shares of AAPL with a trailing stop active that will close 1000 shares if the bid loses 05 points When the bid drops 05 a SmartEx market order for 700 shares will be sent as opposed to the software trying to send 1000 shares and erroring out because you do not have sufficient shares to cover the trade ALERT SETTINGS The Alerts window and the Alert Templates window have the same settings 28 Account Detail amp Alerts Alert Option Day Alert Original Trade Points Save As Name Checkbox Variable Criteria Price Value Percent Default Symbol Add Aleit or Conditional Command EN Alet Name
3. e To decrease your loss to 500 then enter if Trade P amp L Increases to 500 Original Trade Price 20 and beep Trigger When XYZ trades at or above 19 50 then the application will beep e Again of 500 then enter if Trade P amp L Increases to 500 Original Trade Price 20 and beep Trigger When XYZ trades at or above 20 50 then the application will beep Both Share P amp L and Trade P amp L logic functions the same way ALERT SCENARIOS Alert Scenarios The following four topics present different scenarios and show you different ways that you can accomplish the same goal You will notice that you can accomplish the same thing with a Basic Alert as you can with an Advanced Alert Scenario 1 Gain Scenario 2 Preserving a Gain Scenario 3 Loss Scenario 4 Minimizing a Loss Scenario 1 Gain You bought 1000 shares of XYZ at 45 e Current Bid 50 e Share P amp L is 5 50 45 e Current Ask 55 e Last Trade 50 e Open 49 Change from Open 1 e Previous Close 48 Change from Close 2 Goal You already have an unrealized profit of 5 per share 11 11 of original cost and you want to enter an order to sell when you have a profit of 10 per share 22 22 of original cost on XYZ Variables Increases Decreases Gains Gains Loses Loses to to Trade 10 000 N A 5 000 100 N A N A P amp L Gains Trade P amp L Share 10 N A 5 100 N A N A P amp L G
4. you check Keep alert active after logoff AND Day Alert when setting up the alert or if neither is checked and you do not log off before the end of the standard session e If just Keep alert active after logoff is checked but not Day Alert the alert can stay active for up to 60 days e Itis important to review your conditional orders carefully If you do not select Confirm order before sending which allows you to review your order at the time your alert conditions are met you will not have an opportunity to review or verify your Stop Loss or Conditional order once the Alert you have set is triggered You may change or cancel this order while in its conditional state prior to the alert being triggered This can be done by going to the Alerts tab of your Account Detail window selecting the alert and then selecting Edit from either the Alerts drop down or right click menus For more details see Edit or Delete Alerts on the next page Note that once the order is submitted it becomes a live order If your conditional order is a market order it will probably fill before you would have a chance to cancel or change it If you specified that the conditional order be sent as a limit order it can be changed or cancelled just like any other Open order Direct Access Conditional Order 00000000 Order You would like to conditionally Buy 1 share of AAPL 5 Limit DAY for account 00000000 on INET Errors arnings This conditional ord
5. documents into which free credit balances may be automatically deposited pursuant to your Account Agreement Margin Balance The balance of any credits or debits in your margin account Note that with a margin account the balance of unsettled debits or credits for trades will show here until settlement You do not start paying interest until trades are settled Short Balance Total Cash The net Open balance in your account arising from short sale transactions The net Cash balance in your Schwab account Securities This displays the value of securities you hold long and short in your account Note Marginable securities are always held in your margin account non marginable securities are always held in your non margin account Cash Account amp Margin Account Market Value Long The total marked to market value of your long positions broken out by marginable and non marginable securities based on the last trade price If for some technical reason real time valuations are not available the values displayed may be based on the prices from the close of the previous business day or on twenty minute delayed quotes Market Value Short The total marked to market value of your short positions broken out by marginable and non marginable securities based on the last trade price Such positions will typically be shown in the margin account column Options This displays the value of opt
6. will automatically become Inactive You can reactivate or deactivate an alert at any time during your session Retrieve a Saved Alert You can access previously saved alerts by 1 With the Alerts tab selected in the Account Detail window click Alerts gt Load from the menu 2 Click on the previously saved alert file and select from the following e Yes Adds the alerts to your existing alerts e No Replaces the contents of the Alerts tab with the alerts in the selected file e Cancel Makes no changes and allows you to exit the process 3 The alerts appear in the Alert tab and will be inactive Save All Alerts to a File You can add all of your alerts to one file by clicking Save All As in the Alerts tab To retrieve these alerts at a future time select Load a window will appear containing all of your alert files Select the file you wish to load All of the alerts 23 StreetSmart Pro User Manual contained in the file will then be displayed in the Alert tab in an Inactive status You can then choose to activate each alert manually or Activate All at once Either way you choose you should review the details of each alert to ensure that you want to activate each as it is currently set up Save a Single Alert to a File Select the alert you wish to save by clicking on it Either right click or click Alerts gt Edit in the menu From this window click Save As at the bottom You will then be able to create a new file for the a
7. 31 20 or more At that time your Share P amp L has risen 20 from its value at the time that you created the alert Original Share P amp L of 1 plus 20 Advanced 42 Share P amp L Loses 20 Yes Alert will fire if the Bid drops to 30 80 or less At that time your Share P amp L has decreased 20 Account Detail amp Alerts from its value at the time that you created the alert Share P amp L of 1 point less 20 Note that Share P amp L initializes each day based on the Market Open Price rather than on your original trade price This means that if you are using a Variable of Share P amp L and a Criteria of Gains or Loses and the stock opens significantly higher or lower than the price at which you purchased the stock the initialization value could be applied further from the original trade price than you might wish Bid Alerts Scenario You bought 1000 shares of stock at 30 The current Bid is 31 and the current Ask is 32 Level of Complexity Variable Criteria Value Points Shares or Is Trailing Stop Available Conditions that cause the alert to fire Basic Bid Increases to 33 No Alert will fire if the Bid rises to 33 or more Basic Bid Decreases to 29 No Alert will fire if the current Bid falls to 29 or less Intermediate Bid Gains Yes Alert will fire if
8. 700 shares of AAPL with a trailing stop active that will close 1000 shares if the bid loses 05 points When the bid drops 05 a SmartEx market order for 700 shares will be sent as opposed to the software trying to send 1000 shares and rejecting the order because you don t have sufficient shares to cover the trade The same will hold true if you 21 StreetSmart Pro User Manual are short 1000 shares of AAPL and you try to buy 1500 shares using a conditional order e After an alert has triggered it will automatically be deactivated The same alert cannot trigger more than once without being reactivated first e Alerts with conditional orders to close sell if long or buy if short will not fire if you do not hold the underlying security however if you hold a position liquidate it and then re enter the position the alert established for the original position will apply to any new positions For example if you hold ABCD and have an Alert with a conditional order to sell ABCD that is based on a prior entry point once the Alert conditions have been met the Alert will fire and the order will be sent While there are mechanisms in place to try to prevent an oversell if you manually exit a position you should ensure that you do not have open Alerts with conditional orders to sell that position e Alerts Stop Losses and Conditional orders that have not fired will automatically be cancelled at the end of the standard session 4 00pm ET if
9. Chg from 52 Account Detail amp Alerts Open Open Change NR 1 N A N A 5 125 Loses from Chg from Close Close Alerts using Trade Price Change from Open and Change from Close are triggered based upon Last Trade Last Trade can be based upon either Bid or Ask so be careful when setting up these types of alerts Scenario 3 Loss You bought 1000 shares of XYZ at 55 e Current Bid 50 e Share P amp L is 5 50 55 e Current Ask 55 e Last Trade 50 e Open 49 Change from Open 1 e Previous Close 48 Change from Close 2 Goal You have an unrealized loss of 5 per share 9 09 of original cost and you want to enter an order to sell if your loss increases to 10 per share 18 18 of original cost Variables Increases Decreases Gains Gains Loses Loses to to Trade N A 10 000 N A N A 5 000 100 Loses P amp L Trade P amp L Share N A 10 N A N A 5 100 Loses P amp L Share P amp L Bid N A 45 N A N A 5 10 Loses Bid Ask N A N A N A N A N A N A Volume N A N A N A N A N A N A Trade N A 45 N A N A 5 10 Loses Price Bid Change N A 4 N A N A 5 500 Loses from Chg from Open Open Change N A 3 N A N A 5 250 Loses from Chg from Close Close Alerts using Trade Price Change from Open and Change from Close are triggered base
10. Dadis I oop slot active ip I Save as Defaut Condition it D Keep alert active after Symbol asco D IT Option Gel Tradd Price logott Conditions senate Value G bos Trail Panel share PaL D ficses D x og IF Trailing Stop Stop 9 d bp ae PL SI ke z ei Cie P Tirra top J Action Acton M Beep SA F Load Trading Window Quantity on Panel I Play Sound File cCSco SITE Gin 54 be D TEE vw Alett Conditionsl Command Symbol Command p o Description lf CSCO s share P amp L loses lt value then beep original trade price lt price gt Panel Confirm Order zen eem SH Alert Description Settings Window Fields Conditions Sets up the conditions that will trigger your Alert or Alert with Panel Conditional order Symbol Enter the symbol of the stock or option or click the down arrow at the right of the box to choose from the current positions you hold This symbol can be different than the symbol in the conditional order command For options you may enter the symbol as symbol or symbol o Option e Automatically checked if you select an option symbol from Check Box the pull down Symbol box e You can manually check this box if you are creating an alert and or a conditional order for an option but it is not required if using entering an options symbol Original e Enter the original purchase price you paid for the equity or Trade Price option here 29 StreetSmart Pro User
11. Exempt orders on your behalf in certain limited circumstances The most common instance when this may occur is when liquidating the underlying security where the position is held as either an equity right warrant or convertible In these circumstances the securities are not in an acceptable form for delivery on settlement date Note that you must file an exercise for the right warrant or convertible before your order to liquidate the underlying security can be marked as Short Sell Exempt This action acknowledges that the intent is to sell a position instead of short a stock and is therefore exempt from the up tick rule Please see Up Tick rule for more information VIEWING ORDER DETAILS You can see additional details about your order not displayed in the Order Status tab like detail for individual fills in the Order Detail pop up window 13 StreetSmart Pro User Manual Order Detail Order Parameters VIBAB IBM Jan 0 110 00 Call Order 2164046 Action Buy to Open Quantity 2 Status Open Date amp Time 12 53 ET 08 30 2005 Price 0 80 Method SmartEx Time in Force Good Till Cancel Special Conditions None Order Activity Action Quantity Price 1 Date amp Time Stock symbols and price and volume data shown here and in the software are for illustrative purposes only Charles Schwab amp Co its parent or affiliates and or its employees and or directors may have positions in securities referenced herein an
12. activated and deactivate repeatedly during the logon session ALERTS amp RISK MANAGEMENT StreetSmart Pro provides Alerts with the option to trigger an order when the alert criteria you set are met Conditional orders can be incorporated to accommodate specific investment strategies and manage risk Add Alert or Conditional Command Aleit Name g I Keep alert active after logof 7 Save as Defaut Condition Symbol I Option Original Trade Price Vanable Criteria Value G share P L H loses X d poris I Trailing Stop and Io e e e e E Action Beep F Load Trading Window Play Sound File wi I Enter Order Aler Conditional Command j lt symbol gt s share P amp L loses lt value gt then beep oignal trade peice lt pnce gt Cancel Seve Alet StreetSmart Pro can help you achieve risk management using Alerts with Conditional orders or by placing Stop or Stop Limit orders Below are examples of how risk can be managed once a position is established Place a Stop or Stop Limit order e You determine the exit point at which you want to limit your losses e Select the position for which you wish to place a stop loss order in your Account Detail Positions tab and select Close option from the right click or 26 Account Detail amp Alerts drop down menu Select the Stop or Stop Limit Order Type and complete the screen Submitting this order will close the position once the price point has b
13. based on the current Ask of 32 minus 2 points Account Detail amp Alerts Intermediate Ask Gains 20 Yes Alert will fire if the Ask rises to 38 40 or more The alert reference point is based on the current Ask of 32 plus 6 40 20 of 32 Intermediate Ask Loses 20 Yes Alert will fire if the Ask falls to 25 60 or less The alert reference point is based on the current Ask of 32 minus 6 40 20 of 32 Volume Alerts No scenario is required to understand Volume Alerts Level of Variable Criteria Value Is Trailing Conditions Complexity Points Stop that cause Shares Available the alert to or fire Basic Volume Increases 1 000 000 No Alert will fire if to Volume equals or exceeds 1 000 000 shares Basic Volume Decreases 1 000 000 No Although you to can create this alert it will never fire because Volume never decreases during the market session Intermediate Volume Gains 1 000 000 Yes but Alert will fire if serves no 1 000 000 purpose additional shares are traded than the existing Volume at the 45 StreetSmart Pro User Manual moment the alert was established Intermediate Volume Loses 1 000 000 Yes but serves no purpose Although you can create this alert it will never fire because Volume never decreases during the market session Trade Price Alerts S
14. can be more complex when using the Gains and Loses criteria See Change From Open Alerts and Change From Close Alerts topics for more specific examples Persistent Alerts StreetSmart Pro Alerts support server held alerts and conditional orders to better customize your platform to your risk management needs There are three ways to manage the time frame of an alert Alert Name Ms Keep alert active after logoff I Save as Default Persistent GTC Good Til Cancel Alerts This type of alert remains active unless triggered for 60 days regardless of your logon status To make your alert persistent GTC check Keep alert active after logoff when setting up the alert This alert can be set up at any time but will be active only during the standard session Persistent Day Alerts Regardless of your logon status these alerts will remain active unless triggered during the current standard session and will automatically deactivate at market close 4 00 p m ET To make your alert persistent Day check Keep alert active after logoff AND Day Alert when setting up your alert Day Alerts can be set up any time but must be manually activated by you on the day you wish to use them This alert type can be activated anytime beginning at midnight ET and throughout the trading day until market close Logon Session Only This type of alert initiated by not checking Keep alert active after logoff remains active only while logged on
15. fields are displayed in your Balances Bar by clicking on the field in the Selected Fields column and then click Move Up or Move Down 61 StreetSmart Pro User Manual e To minimize the screen space used by the labels click Use Abbreviated Field Labels d TIP Change any of the fields on the fly by right clicking on the name of the field and selecting a different one from the drop down list Today s Change 687 862 Avail to Withdraw Settled Cash to Trade BALANCES BAR FIELDS lt OZ OOOO OO Avail to The maximum amount of money in your account that you can Trade Cash use to trade without accessing margin borrowing Day Trade Total market value of new securities into which you may enter BP and subsequently exit without incurring a margin call Margin The dollar value of marginable securities in your margin Equity account less the amount you owe Schwab plus any cash in your margin account This is the liquidation value of your margin account but does not include option positions segregated money market funds or cash not held in the margin account Margin Equity represents the total amount you invested in securities plus any excess cash minus funds borrowed on margin Equity Pct Your margin equity divided by the market value of your margin account This amount reflects the percentage of the current margin account value you would receive if you liquidated the margined securities paid off any
16. in accounts with a margin feature You will be charged interest on any amount you borrow that exceeds the Available Cash in the account Settled Cash Available to Trade Trading in the Margin Account Trading on margin does not require settled funds If 100 of the trading activity occurs on margin there will be no difference between the settled funds to trade balance and the total available to trade balance Traders that fit this profile will not be affected by the special requirements that may result from Cash Account trading activity Traders that occasionally trade non marginable securities in the Cash Account should continue reading Settled funds are e incoming cash such as a deposit or wire e available Margin Loan Value e settled sale proceeds of fully paid for securities Settled funds may be used for purchases of securities If a security is purchased using settled funds there are no requirements surrounding the timeframe of when the newly purchased securities can be sold However if unsettled funds are used to purchase securities and the customer sells the securities prior to making full payment these newly purchased securities may be subject to special requirements Securities purchased using unsettled funds should not be sold prior to the settlement of the funds used to purchase these securities generally 3 business days after the sale of the security which generated the funds If these securities a
17. logged in you can have orders placed automatically on your behalf when your Alert conditions are met Set up alerts using the Alerts menu displayed in the Account Detail window when the Alerts tab is selected Overview StreetSmart Pro software offers a variety of ways to keep you informed of specific quote and volume changes for specific equities options and indices that you select Alerts range in degrees of complexity from basic to advanced Examples of each Alert type and how they function are included in this section of the manual Basic Alerts Basic alerts use a single absolute criterion to set off trigger the alert Once the alert condition is met no additional calculations are required before the alert is fired There are two absolute criteria e Increases to e Decreases to Intermediate Alerts Intermediate alerts use a single variable criterion to trigger the alert The variable criterion is based upon a change from a value that is determined at the time that the alert is created If you create an alert to fire when the Bid for a particular security gains 1 point the software will reference the current inside Bid at the moment that the alert was created There are two variable criteria e Gains e Loses Advanced Alerts Profit and Loss alerts Share P amp L and Trade P amp L are advanced alerts that are always based upon two separate calculations involving the criteria that you select The
18. margin debt and withdrew the funds Options cash account positions and segregated money market funds are not included when calculating the equity percentage Today s The percent change in value of the account since today s Change market open whether due to security price movements securities transactions any other withdrawals and deposits or credits and debits Today s The change in value in dollars of the account since today s Change market open whether due to security price movements securities transactions any other withdrawals and deposits or credits and debits Acct Net The liquidation value of your account excluding fees Worth commissions pending interest credits and debits etc which is the combined value of all your cash money market funds margin balances securities and any miscellaneous 62 Account Detail amp Alerts debits credits in your account Cash The total dollar value of your unswept or intra day cash money market funds bank deposit accounts and net credit or debit balances Margin BP The maximum value of marginable securities in which you can invest without depositing more equity in your margin account this includes funds you can borrow from Schwab but does not include balances in your Cash Account or Money Market Funds Avail to The maximum amount you can withdraw from your account by Withdraw requesting a check or transferring funds to another account Thi
19. menu and select Save All As or Edit if saving a single alert In the Save Alert window you can name it as a new file or add it to an existing file by selecting the Append to file checkbox Remove an Alert 1 Click on the alert you wish to delete 2 In the Alerts menu select Remove Selected 3 The alert will be permanently deleted 24 Account Detail amp Alerts Remove All Alerts Used when you wish to permanently delete all alerts in the tab e Inthe Alerts menu select Remove All Activate an Alert When an alert fires it will be automatically placed in inactive status When an alert is not active it will remain in the Alerts tab but will be dormant Alerts can be activated using the Activate Selected or Activate All menu items There is no limit on how many times an alert can be made active Activate Selected 1 Click on the alert that you wish to activate NOTE The alert must be in inactive status or this menu selection will be grayed out 2 In the Alerts menu select Activate Selected 3 When the alert is activated you will be presented with the order verification and Alert warning windows You will also receive confirmation of this action in the Messages window Activate All 1 In the Alerts menu select Activate All 2 When the alerts are activated you will be presented with a series of order verification and Alert warning windows Once you have clicked through these windows you will receive confirmation of the
20. off exiting the system or being timed out from your session will deactivate any alerts that do not have Keep alert active after logoff checked Saved alert files and Templates are still inactive but can be easily loaded when you logon again You may choose to confirm orders before sending You must be logged on to your software for a triggered alert to send an order if confirmation is required Confirm order before sending If you do not have this setting checked your active alert will trigger an order without your confirmation whether you are logged in or not If you have alerts set without Keep alert active after logoff checked and you lose your Internet connection due to system failures like a computer crash or network disconnection those alerts will be held on the server for 10 minutes only If you do not log on again in 10 minutes the alerts are automatically removed from the system If your alert is triggered during that 10 minutes and you are still not logged on the alert will not trigger or send the order Alerts established with conditions that have already been met will fire immediately after the alert is set When placing a Conditional order where you specify a certain number of shares to trade if the tradable quantity of your position is less than the specified number the software will send the order for the lesser amount instead of not sending the order due to insufficient shares available to trade EXAMPLE You have
21. price of the security e The Quantity column displays the quantity of shares held of each position e The Change column displays the net change of the security from either yesterday s closing price or today s opening price The default is Change from Close but can be switched to Change from Open by going to the Account Detail window Settings gt General Within this window there are three pull down menu options File Allows you to either print or close the window Settings Allows you to change the following General Settings of the window e Display the Change column in either Text or Graphical format Text displays the numerical change from open or close Graphical displays the Change column as a horizontal graph bar with negative change displayed on the left in red no change as a magenta dash on the middle dividing line and a positive change on the right in green e When Graphical Display format has been selected you can change the Graph Settings fields Unit Increment determines the point change that the vertical lines represent Unit Width determines the number of pixels StreetSmart Pro User Manual Messages between each vertical line e When checked the Auto Sorting checkbox will automatically sort the column based upon the column you have clicked on e The Data option allows you to display the change column in either Point Gain or Point Gain Position Allows you to place a closing trad
22. system to confirm your Sending order at the time the order is triggered it will not be sent Command Displays a full description of the Alert you have set up Description Panel NOTE e When conditional orders are set up an Order Verification window will be displayed if you have Order Verification enabled e Click OK to prepare the Alert and Conditional order for activation or click Save to save your alert to a file To load your alerts at a later time select Load in the Alerts menu and then select your saved file ALERT TEMPLATES StreetSmart Pro provides you with e Sample standard templates for commonly used trading strategies They can be customized or deleted e An Alert Templates feature that allows you to add your own templates with specific pre set Alert Trailing Stop or other Conditional order criteria e Standard or customized template that can be activated by right clicking on any open position from the Account Detail window and selecting the Template name 35 StreetSmart Pro User Manual Alert Templates Ask Increases Edit Remove Load Buy In sep Day Alert Save As Margin Equity Warning Stop Loss Straddle Trailing Stop Volume Alert Complete Cancel With StreetSmart Pro you can use the following Alert Templates or create your own Straddle e Can help protect you against large swings in the market by alertin
23. the Alert is triggered If the Messages Window is not currently viewable it will pop up displaying your triggered Alert notification T NOTE Whether or not you select this option a notification is always displayed in the Messages window Load Trading Window Choose to have the stock or option load into the Trading Window as soon as the Alert is triggered Play Sound File The system can be set to play an audio file when an Alert is triggered if you have a sound card and speakers The software has two sound wav files included with the application Additional sound files can be downloaded from the Web and are also included in the Microsoft Windows operating system software To add a new sound file to your pull down options 1 Check the Play Sound File box 2 Click Add Select the folder where your wav files are saved 3 Select the file you want to add then click Open 4 To hear the sound file click the play arrow to the right of the pull down box 5 You may remove any added sound file by selecting it in the pull down box and click Remove Enter Order Check this option if you want the system to send out an order once all criteria are met Be sure that the following four fields are completed first Order Type Shares Price and Method These are known as Conditional orders NOTE Unless you check the Confirm order before sending checkbox you will not receive an Order Verification message when the Condi
24. the Bid rises to 33 or more The alert reference point is based on the current Bid of 33 31 plus 2 points Intermediate Bid Loses Yes Alert will fire if the Bid falls to 29 or less The alert reference point is based on the current Bid of 31 minus 2 points Intermediate Bid Gains 20 Yes Alert will fire if the Bid rises to 37 20 or more 43 StreetSmart Pro User Manual The alert reference point is based on the current Bid of 31 plus 6 20 20 of 31 Intermediate Bid Loses 20 Yes Alert will fire if the Bid falls to 24 80 or less The alert reference point is based on the current Bid of 31 minus 6 20 20 of 31 Ask Alerts Scenario You bought 1000 shares of stock at 30 The current Bid is 31 and the current Ask is 32 Variable Is Trailing Level of Criteria Value Conditions Complexity Points Stop that cause the Shares Available alert to fire or Basic Ask Increases 33 No Alert will fire if to the Ask rises to 33 or more Basic Ask Decreases 29 No Alert will fire if to the Ask falls to 29 or less Intermediate Ask Gains 2 Yes Alert will fire if the Ask rises to 34 or more The alert reference point is based on the current Ask of 32 plus 2 points Intermediate Ask Loses 2 Yes Alert will fire if 44 the Ask falls to 30 or less The alert reference point is
25. 04 1000 DELL Cost ap Calculation 25 000 1 16 04Sell 200 DELL 35 500 30 15000 gt 2500 1000 gt 25 per share 25 note that the sell price is irrelevant 1 16 04 800 DELL Cost 20 000 25 x 800 20 000 1 16 04Sell 400 DELL 25 1 16 04 400 DELL Cost 32 10 000 25 x 400 10 000 1 17 04Buy 600 DELL 29 20 1 17 04 1000 DELL Cost 32 Calculation 29 200 1000 200 400 29 20 x 1000 29 200 25 10000 600 32 19200 gt 29200 1000 1 17 04Sell 600 DELL 34 gt 29 20 per share 29 20 1 17 04 400 DELL Cost 11 680 29 20 x 400 11 680 67 StreetSmart Pro User Manual Important Information Regarding P amp L Calculations for your Accounts An asterisk indicates a position with cost data that may be incomplete because it does not include transactions that occurred prior to August 2004 The cost and profit and loss data may also be incomplete because it excludes commissions transaction fees and corporate actions such as stock splits stock dividends spin offs mergers and name changes To correct the cost data select the position and use the right click menu to select the Adjust Cost function Please note that the Account Detail tool is not the official record of your account Your statements and confirmations are the official records of your account 68 Account Detail amp Alerts Transactions TRANSACTIONS TAB Th
26. Ac Fie view Settings Alerts Saved Orders Order Status Saved Orders Alerts Balances Positions Transactions Bae ae E Ee Bu 1000 46 94 DAY 11 50 ET 11 29 2 a Ge Bu 1000 30 5 Hr Hat 29 4 Load DELL into Trading Window Query for News on DELL Research Ext Quote for DELL sl Apply Alert to DELL HB Submit Edit Delete Hide Menu Saved Orders Help To Submit an Order From the Saved Orders Tab 1 Right click on the order you want to send 2 The order will highlight 3 Choose Submit to send the order You can also use the Saved Orders drop down menu to access the Submit Edit or Delete functions Symbol Displays the unique characters used to represent the security Action Displays the action type of the order Buy Sell Buy to Open etc Quantity Shows the number of shares or contracts to be traded Price Shows the price at which you want the order placed TIF Displays the Time In Force Day GTC Good Til Cancelled etc Date amp Time Shows the date and time the transaction was saved Type Displays the type of security such as an equity or option 16 Right click Options Account Detail amp Alerts Descriptions Load e Loads the symbol into the Trading window Symbol e The quantity field is set to the Trading window default into Trading size this default may be changed or you may set the Window default to match your position siz
27. Change from Close is 1 Level of Variable Criteria Value Is Trailing Conditions Complexity Points Stop that cause the Shares Available alert to fire or Basic Change Increases 2 No Alert will fire if from to the Change 48 Account Detail amp Alerts Close from Close is 2 or more In this case Trade Price for ABC must be 37 35 plus 2 or more Basic Change Decreases 2 No Alert will fire if from to the Change Close from Close is 2 or less In this case the Trade Price for ABC must be 33 35 minus 2 or less Intermediate Change Gains 2 Yes Alert will fire if from the Change Close from Close increases to 3 or more current Change from Close of 1 plus 2 In this case Trade Price for ABC must increase to 38 36 plus 2 or more Intermediate Change Loses 2 Yes Alert will fire if from the Change Close from Close decreases to 1 or less In this case Trade Price for ABC must decrease to 34 36 minus 2 or less Advanced Change Gains 20 Yes Alert will fire if from the Change Close from Close increases to 1 20 current Change from Close of 1 plus 20 of 1 or more In this case Trade Price for ABC must be 36 20 36 plus 0 20 49 StreetSmart Pro User Manual or more Advanced Change Loses 20 Yes Alert will fire if from the Change Close from Close decreases to 0 80 current Change f
28. Manual e Only available for Share and Trade P amp L alerts e If the variable is Share P amp L enter the average share price you paid for the position e It the variable is Trade P amp L enter the total dollar amount you paid for the position Keep alert active after logoff e If checked and you log off the software the alert will be saved to the server and still will be active the next time you log on Note that the alert may still fire if the alert is active even though you are logged off however if you have elected to confirm the order before sending these alerts may trigger but will not send a conditional order if you are logged off e If checked but Day Alert is not checked this alert can stay active for up to 60 days Day Alert This box is available only when Keep alert active after logoff is checked A Day Persistent alert is good for the current day only but will remain active regardless of whether you are logged on or not When checked an Active Day Alert will automatically deactivate and cancel the order at the end of that day s standard session 4 00 p m ET Save as When checked this alert will save drop down menu positions Default and checkbox settings but will not save settings in the Value field or the order entry fields Conditions Sets up the conditions that will trigger your Alert or Alert with Panel Conditional order 30 Account Detail amp Alerts Variable The va
29. Order el P Jl Template j lt symbol gt s lt vanable gt lt cntena gt lt value gt then lt action gt Carcel 3 Alternatively select one of the Sample templates that is similar to your strategy and select Edit to rename it and modify its parameters 4 Set up the fields in the template the way you would an alert except for the fields you want to fill in at the time the order is placed such as the Symbol 5 Click OK when you re finished and it will save to the list of Alert Templates All new templates must be named or they cannot be used or saved To apply a template to a position 1 Right click on an open position in the Account Detail window or go to Alerts gt Templates and select Apply Alert to symbol 2 A sub menu will open and you will be able to choose from the templates listed there 3 The symbol will pre fill based on the position you selected and the template window will pop up with only the blank fields highlighted for you to fill in before the alert is set T NOTE Unless you wish to set up templates for specific positions the symbol and the value fields are left blank until you set the specific alert If your alert template includes a conditional order the shares and price fields can also be left blank and entered when you set the alert 37 StreetSmart Pro User Manual In this example Value is the variable in the template to be filled in when you re ready to set the Alert Co
30. Pro a Schwab product StreetSmart Pro is a registered trademark of Charles Schwab amp Co Inc Schwab StreetSmart Pro is a pending trademark of Charles Schwab amp Co Inc Access to Electronic Services and your account may be limited or unavailable during periods of peak demand market volatility systems upgrades or maintenance or for other reasons 71 Agreements Your Agreements With Schwab amp Other Useful Information CyberTrader an affiliate of Charles Schwab amp Co Inc provides technical services for StreetSmart Pro a Schwab product Charles Schwab amp Co Inc member SIPC and CyberTrader Inc member SIPC NASD are independent subsidiaries of The Charles Schwab Corporation StreetSmart Pro is offered at no charge to a select group of non professional Schwab Active Trader clients who meet certain eligibility requirements based on trading frequency This offer may be subject to additional restrictions and may be changed at any time The speed and performance of streaming functionality may vary depending on your modem speed ISP connection and the number of securities you maintain on your Watch Lists You need a Pentium 266 MHz or better processor 128 MB RAM or more and a 56k or better modem DSL or cable modem to receive the best possible experience of streaming quotes and news on StreetSmart Pro Using AOL with Windows 98 to download StreetSmart Pro could cause potential problems in the download p
31. StreetSmart Pro User Manual Account Detail amp Alerts Table Of Contents Account Detail amp Alerts cccccsscssessescessessesseeeeeeeeeeeseeeeeeeeaseaneaseaseasenseneensensens 5 Account Detail OVErVieW ENNEN 6 Account Detail Men 232 toned ei d e e dade ee dd ed REENEN Een dE e 7 Ne eegges WINKOW 2 see KSE EN Reeg e AEN canes uid as tants deg ue Ed 11 Order Status use Se EE SENNENG devi SEN 12 Saved Orders oriori einai lela RATAR EETA baw ial iad alone ree aie aldeees 16 AIFS stats Swern tee TRAE E an ey A ae te ea ae 18 SUE ul e EE EE 55 POSIELIONS oasia anas ot Set eegal Ess wees eet ag Nees 64 le ege 69 let ee 72 Link to CUStOMEr Education 74 CSUK and Hong Kong Customers eee eee ene eee een eae tates 75 ACCOUNT DETAIL amp ALERTS StreetSmart Pro User Manual Account Detail Overview The Account Detail window puts all your account specific information in one convenient location This window gives you six tabs with streaming real time data e Order Status e Saved Orders e Alerts e Balances e Positions e Transactions Account Detail 00000000 File View Settings Alerts Positions Order Saved Orders Alerts Balances Positions Transactions APPLE COMPUTER INC CISCO SYSTEMS INC e CISCO SYSTEMS INC 500 INTL BUSINESS MACHINES 3 000 Stock symbols and price and volume data shown here and in the software are for illustrative purposes only Charles Schwab amp Co employees and or directors
32. Window The Open Positions window View gt Positions in the Account Detail window allows you to execute the same functions as right clicking on a position in the Positions tab of the Account Detail window With a the stand alone Open Positions window visible in your layout you never have to tab back and forth between Order Status and Positions to see your Positions The Open Positions window can be set to graphically display data To change the display from Text to Graphical 1 Open the Open Positions window by going to Account Detail and selecting View gt Positions When the pop up window opens select Settings gt General 3 When the following pop up box opens select Graphical 64 General Display e Graphical Graph Settings Account Detail amp Alerts Cc Ho F Auto Sorting P amp L Data Unit Increment Unit Width e Point Gain 444 20 C Z Point Gain The Open Positions window will display the gain or loss of your positions in a Wi OK Se JE horizontal bar chart Auto Sorting If Auto Sorting is checked any changes to information in the Positions window will be sorted into the existing information according to the current sort order For example if you have your Positions Tab sorted by P amp L as the price changes for symbols in your window the list will automatically adjust its sort order to accommodate those changes Each position in your account is displayed in this window inclu
33. ains Share P amp L Bid 55 N A 5 10 N A N A Gains Bid 51 StreetSmart Pro User Manual Ask N A N A N A N A N A N A Volume N A N A N A N A N A N A Trade 55 N A 5 10 N A N A Price Gains Bid Change 6 N A 5 500 N A N A from Gains Chg Open from Open Change 7 N A 5 250 N A N A from Gains Chg Close from Close Alerts using Trade Price Change from Open and Change from Close are triggered based upon Last Trade Last Trade can be based upon either Bid or Ask so be careful when setting up these types of alerts Scenario 2 Preserving a Gain You bought 1000 shares of XYZ at 45 Current Bid 55 Share P amp L is 10 55 45 Current Ask 60 Last Trade 55 Open 52 Change from Open 3 e Previous Close 51 Change from Close 4 Goal You have an unrealized profit of 10 000 22 22 of original cost and you want to enter an order to sell if your profit decreases to 5000 11 11 of original cost Variables Increases Decreases Gains Gains Loses Loses to to Trade NR 5 000 N A N A 5 000 50 Loses P amp L Trade P amp L Share NR 5 N A N A 5 50 Loses P amp L Share P amp L Bid NR 50 N A N A 5 9 09 Loses Bid Ask N A N A N A N A N A N A Volume N A N A N A N A N A N A Trade NR 50 N A N A 5 9 09 Loses Price Bid Change NR 2 N A N A 5 167 Loses from
34. ances Bar keeps important account data at your fingertips You may customize the types of data shown based on the information that s most important to you To enable click Toolbar gt Balances Bar in the main menu To customize right click in the Balances Bar and select Customize Acct Net Worth GL Ra da Cash ELEIZ Avail to Withdraw sali d TIP Hide individual stats in your Balances Bar by clicking on the name Today s Change is hidden in the image below Select the statistics to display by clicking on Toolbars gt Customize gt Balances Bar in the main menu or by right clicking on the Balances Bar and selecting Customize The following settings window opens Balances Bar Available Fields Selected Fields Avail to Trade Cash Gcct Net Worth Move Up Day Trade BP Today s Change Margin Equity lt Remove Cash i Move Down Equity Pet Z Avail to Withdraw Today s Change Margin BP Settled Cash to Trade Description The maximum amount you can withdraw from your account by requesting a check or transferring funds to another account This value includes the cash balance in your account plus the maximum amount you can borrow against marginable securities held in your margin F Use Abbreviated Field Labels Cancel Defaults e Click on an item in the Available Column to view a description of it then click Add to select the item for display in the Balances Bar e Change the order in which the
35. b will continue to upgrade the StreetSmart Pro software and User Manual periodically It is your responsibility to stay up to date with the most recent versions by downloading upgrades and enhancements when notified by Schwab In using this software you are acknowledging that you understand and accept the risks involved in online trading By making StreetSmart Pro available to you Schwab is not recommending promoting or endorsing any particular investment market data or trading strategies 73 Link to Customer Education Click on the Education Weblink icon b in the toolbar to access all of Schwab s educational material including e Using StreetSmart Pro e Market Education e Direct Access Trading e Printable User Manuals e Trader s Education On Line Courses e Introduction to Stock Screener 74 Reference CSUK and Hong Kong Customers Eligibility for and Use of StreetSmart Pro Software and Other Related Products CyberTrader an affiliate of Charles Schwab amp Co Inc provides technical services for StreetSmart Pro a Schwab product Charles Schwab amp Co Inc member SIPC and CyberTrader Inc member SIPC NASD are independent subsidiaries of The Charles Schwab Corporation StreetSmart Pro is offered at no charge to a select group of non professional Charles Schwab Hong Kong and customers referred by Charles Schwab UK who meet certain eligibility requirements based on trading frequency This offer ma
36. cenario You bought 1000 shares of stock at 30 The current Bid is 31 and the current Ask is 32 Last Trade Price was 31 Level of Variable Criteria Value Is Trailing Conditions Complexity Points Stop that cause the Shares Available alert to fire or Basic Trade Increases 33 No Alert will fire if Price to the last Trade Price rises to 33 or more Basic Trade Decreases 30 No Alert will fire if Price to the last Trade Price declines to 30 or less Intermediate Trade Gains 2 Yes Alert will fire if Price the last Trade Price rises 2 points to 33 Intermediate Trade Loses 2 Yes Alert will fire if Price the last Trade Price loses 2 points to 29 Intermediate Trade Gains 20 Yes Alert will fire if Price the last Trade Price gains 20 to 37 20 31 plus 6 20 20 of 31 or more Intermediate Trade Loses 20 Yes Alert will fire if 46 Price Account Detail amp Alerts the last Trade Price loses 20 to 24 80 31 minus 6 20 20 of 31 or less Change From Open Alerts Scenario Opening price for equity XYZ is 15 Current Trade current Change from Open is 1 Price is 16 and Level of Complexity Variable Criteria Value Points Shares or Is Trailing Stop Available Conditions that cause the alert to fire Basic Change from Open Increases to 2 No Alert will fire if the Change f
37. count includes transfers made to or received from a bank deposit account the footnote shown in the image above will display Tab Columns Descriptions _ _ _ O Date Action This indicates whether a action was a Buy Sell Sell Short or is The date the transaction occurred For trade orders this reflects the date the order was filled left blank for monetary transactions Quantity e The number of stock or mutual fund shares bought sold or sold short e For fixed income securities this number reflects the face value of the security you bought or sold e For options this reflects the number of option contracts you bought or sold e For monetary transactions this field will display a zero Symbol The 1 5 letter abbreviation used to represent the security For monetary transactions this field will display a zero Description This field provides a description of the security or an explanation of the transaction Price This indicates the price you paid or received for the purchase or sale of a unit of the security For example if you bought 10 shares of ABC at 90 a share the price would be 90 For monetary transactions this field will display 0 00 Amount This indicates the total amount of the transaction Numbers inside indicate money was deducted from your account Numbers without the brack
38. d may as principal or agent buy from or sell to clients To Open the Order Detail Window There are three ways to access the details of your orders e Highlight the order and double click on it e Highlight the order right click on it then select Details e Highlight the order and select Details from the Orders drop down menu CHANGING OR CANCELING ORDERS Changing Orders To change a SmartEx order go to the Account Detail window Order Status tab and either right click on the open order then select Change or click once on the order to highlight it then click Orders gt Change A pop up box will appear prompting you to modify your order Note that you cannot change the order type of a SmartEx order to or from a trailing stop order after the order has been submitted You must first cancel the order and then resubmit with a different order type 14 Account Detail amp Alerts Direct Access orders can never be changed Canceling Orders You can request to cancel open orders via the Order Status Tab All Open orders have a green box in the left most column Because of the speed of execution and the short life span of market and marketable limit orders canceling these orders may not always be possible 15 StreetSmart Pro User Manual Saved Orders SAVED ORDERS TAB Saved orders made by clicking the Save button when entering a SmartEx order in the Trading window are listed under this tab Account Detail 00000000
39. d upon Last Trade Last Trade can be based upon either Bid or Ask so be careful when setting up these types of alerts 53 StreetSmart Pro User Manual Scenario 4 Minimizing a Loss You bought 1000 shares of XYZ at 60 e Current Bid 50 e Share P amp L is 10 50 60 e Current Ask 55 e Last Trade 50 e Open 51 Change from Open 1 e Previous Close 52 Change from Close 2 Goal You have an unrealized loss of 10 000 16 67 of original cost and you want to enter an order to sell if your loss is only 5000 8 33 of original cost Variables Increases Decreases Gains Gains Loses Loses to to Trade 5 000 N A 5 000 50 N A N A P amp L Gains Trade P amp L Share 5 N A 5 50 N A N A P amp L Gains Share P amp L Bid 55 N A 5 10 N A N A Gains Bid Ask N A N A N A N A N A N A Volume N A N A N A N A N A N A Trade 55 N A 5 50 N A N A Price Gains Bid Change 4 N A 5 500 N A N A from Gains Chg Open from Open Change 3 N A 5 250 N A N A from Gains Chg Close from Close Alerts using Trade Price Change from Open and Change from Close are triggered based upon Last Trade Last Trade can be based upon either Bid or Ask so be careful when setting up these types of alerts 54 Account Detail amp Alerts Balances BALANCES TAB The Balances tab gives you vital account information including updated Day Trade Buyin
40. ding those in money market funds You can sort the table by clicking on any column heading A second click will reverse Tab Columns Descriptions Symbol the sort order The unique 1 5 characters used to represent the security Symbols are defined by the different markets or exchanges Sometimes a security might not have a symbol in which case an internal Schwab reference will be used Name The full name of the security Quantity For stocks or mutual funds this field reflects the number of shares you currently hold For fixed income securities this field reflects the face value of the securities For options this field reflects the number of option contracts Price The price at which the security last traded Market Value This figure reflects the current value of your position normally calculated using real time quotes where possible This value is updated as the quote changes Cost The total price paid for the position the position An asterisk next to this value indicates that the amount displayed is in most cases not correct Usually this is due to incomplete data on record for the position If all or part of the position was purchased before January 2004 then you will see an asterisk Also note that the cost figure provided is the sum of all fills and does not include commissions or other fees To correct this 65 StreetSmart Pro User Manual value use either the drop dow
41. e Go to the Trading window and select Settings gt General gt Orders tab to change the default quantity Recent Loads the symbol into the Recent Stories tab of the News Stories for window Symbol Stock Research Ext Launches a web browser that automatically opens the Quote for Schwab com Quotes and Research tab and provides Symbol information for your symbol Apply Alert Opens sub menu allowing you to use an alert template or to symbol create a new alert Submit e If the Order Verification preference is selected clicking here will open the Verification window before submitting the order e If the Order Verification preference has been disabled the order will be automatically validated and sent to Schwab for execution If there are errors you will receive an error notice in the Messages window After editing you order you can resubmit it in the Order Entry panel of the Trading window Edit Opens the Edit Saved SmartEx Order pop up window Delete Removes the saved order from the window Show Hide Shows removes the Account Detail menu Menu 17 StreetSmart Pro User Manual Alerts ALERTS OVERVIEW Alerts and Conditional Orders are designed to help you protect profits and limit your loss potential by monitoring for the market conditions you specify even when you re not online When logged in you can have the software alert you when certain price conditions you specify are met Even if you are not
42. e Transactions tab displays transactions for the current day as well as transactions made within the last 90 days The Transactions view page is read only so the data can not be manipulated but can be exported for use with other programs such as MS Excel You can view e Trade executions e Deposits e Withdrawals e Trade Away and Prime Broker transactions e Transfers between your brokerage and a bank deposit account NOTE Transaction History information is not available in Demo mode To View Your Transaction History 1 Go to the Account Detail window and click on the Transactions tab 2 Click Transactions gt Update in the menu 3 Enter the number of days you want to view transactions for up to 90 days 4 Click OK Update Transactions Retrieve the last days of transactions 90 max Account Detail 00000000 Iof ES File View Settings Alerts Transactions Order Status Saved Orders Alerts Balances Positions Transactions Date Action Qu Symbol Description Price Amount Comm Fees 02 20 2002 Buy 1CSsCO CISCO SYSTE 16 74 36 69 19 95 a 02 15 2002 Sell 1 000 0RET ORBIT INTL C 313 3 109 94 19 95 Transactions may include bank deposits account information Bank deposit accounts are held at the affiliated FDIC insured bank referenced on the Balances tab your account statements and disclosed in your account documents 69 StreetSmart Pro User Manual NOTE If your ac
43. e for the selected security Check Messages for the status of your orders and their execution as well as information about alerts and the market in general NOTE Because error messages are displayed in this window it s important to keep it open at all times You can Scroll up or down to review all activity that has occurred during the current trading session Check the status of an order placed during your current logon session See why an order might have been rejected Get color coded order status e UUES Current session settings and added Alert details e Black Market session opening and closing information e DD Any messages related to orders e Black with yellow highlight When an alert is triggered SETTINGS d General Calculate Change from Open Allows you to view your positions as either a change from open or change from close The default setting for account positions is a change from the previous day s close Order Cancel Confirmation If checked the software will ask for confirmation before canceling an order This setting is active only if you have turned off Order Verification in the Trading Window Settings gt General gt Orders tab Fonts Use this option to change the Account Detail font settings Colors Use this option to change the Account Detail colors Sounds To activate the Sound Alert option you must have a sound card and speakers The sys
44. ed on the difference between your Original Trade Price and the current bid price times the number of shares you own if you are long on the stock or the ask price if you are short Referencing the example in Share P amp L above your Trade P amp L would be 300 00 If you want to exit your position with a 600 00 profit or 20 gain the Trade P amp L would need to gain 100 Alternatively you could designate the Trade P amp L to Increase to 600 00 Bid Bases your alert on the inside Bid price Ask Bases your alert on the inside Ask price Volume 31 StreetSmart Pro User Manual Bases your alert on the daily cumulative volume Trade Price Bases your alert on the last sale price reported CAUTION It is not uncommon for erroneous trade reports to come through the Time amp Sales display with prices away from of the market If an erroneous price triggers your order it is your responsibility and a subsequent execution cannot be reversed Exercise caution when basing Conditional orders on Trade Price Alternatively the current Bid or Ask can be used to achieve result that closely matches the Trade Price variable Change from Open You can set up an alert to trigger based on the difference between the current price of a stock and the price at the open Note that the change amount itself is used as a basis for the calculation so that if the current Change from Open is 10 and you want an alert to trigger when the Chan
45. een reached NOTE Not all securities are eligible for Stop or Stop Limit Order Types Alert with a Conditional Order An alternative to submitting a Stop or Stop Limit order is setting up an Alert with a Conditional Order Using this type of Alert will also allow you not to show your order to the marketplace until your risk threshold has been reached It also allows you to set both a Profit exit and a Loss exit that would trigger an order to close your position if either are reached To create a loss exit if you are long a position create a condition using Bid decreases to as the criterion You may also choose to use a Bid loses _ Points or _ providing more flexibility than what is available using a Stop order If you are short a position you can do them same using an Ask variable To create a profit exit if you are long a position create a condition using the Ask increases to as the criterion You may also choose to use Ask increases __ Points or ___ providing more flexibility than is available using a Stop order If you are short a position you can do the same thing using the Bid variable Be sure to select the Or radio button at the top of the second condition if you are including both a loss exit and profit exit in you conditional order NOTE While you can use this type of Alert to help with risk management it is only similar to a Stop order if you select Enter Order as one of the Actions If you choose not to Enter Order
46. er will be active during the current logon session only Cancel After completing the Alert window and specifying a Conditional Order you will receive a verification of your order to review unless you have disabled this 22 Account Detail amp Alerts function After reviewing your order and you click OK the following window will appear StreetSmart Pro Alert 1 Test If SAPL s bid loses 5 points then buy 1 share of AAPL at 5 on INET and beep and load trading window This conditional order will be active during the current logon session only Please review your conditional orders carefully If you have not indicated that you wish to confirm your order before sending this order will be automatically submitted for execution once your trigger conditions have been met After clicking OK below you can only modify or cancel your alerts by accessing them in the Alerts tab of the Account Detail window By clicking OK below you acknowledge your understanding of this message and accept sole responsibility for pour orders USING ALERTS Alerts can be set up directly through the Alerts tab in the Account Detail window If you typically use the same criteria for all your trades you can also use one of the standard templates or create your own Alert Template Alerts displayed in the Alerts tab can be in one of two states Active or Inactive Alerts in active status will fire when the conditions are met Once an alert fires it
47. et to Inactive when they are not in use Click on an alert and select Activate Selected or Deactivate Selected depending on the status you want for that alert Activate All Makes all alerts in the Alerts tab active so that they will fire if their conditions are met Deactivate All Makes all alerts in the Alerts tab inactive so that none of them will fire regardless of whether the condition is met until they are made Active again Templates The Alert Templates feature allows you to create alert shells containing the variables that you use all the time Once established these can be quickly completed to fit a specific situation and activated from windows such as the Watch Lists Charts etc See Applying Alert Templates for detailed information ORDER STATUS only visible when Order Status tab is selected Cancel Cancels a live order from the Account Detail Only appears if an order is currently Live Change Allows you to change the order you highlighted Not all orders can be changed see Changing or Canceling Orders for more information Details Allows you to view full details of the order you have highlighted including partial fills StreetSmart Pro User Manual POSITIONS only visible when Positions tab is selected Close Allows you to place an order to close the position you highlighted Adjust Cost Click on a Position in the Account Detail and select Adjust Cost to change the d
48. ets mean money was deposited into your account Commission see an asterisk 70 Displays the commission paid for a specific transaction If no commission applied or if the trade was executed today you will ABOUT THE USER MANUAL This Educational Guide and its content including price and volume data screen samples and queries are for informational and educational purposes only Although it may provide general information relating to trading or investment approaches you should not construe anything in the guide as legal tax and investment financial or other advice Nothing contained in the guide constitutes a solicitation recommendation promotion endorsement or offer by Schwab of any particular security transaction or investment strategy Schwab makes no recommendations or endorsements with respect to any of the strategies chart patterns or indicators referenced nor does Schwab recommend the use of technical analysis as a sole means of investment research At Schwab we recommend that investors define their goals risk tolerance time horizon and investment objectives in addition to researching possible investment choices through multiple channels Use of technical analysis may result in increased frequency of trading and therefore significantly higher transaction costs than a fundamental approach CyberTrader an affiliate of Charles Schwab amp Co Inc provides technical services for StreetSmart
49. g Power for certain accounts margin buying power on margin accounts and bank balances for Bank Sweep IRA accounts If your accounts are in a margin call the amount will be shown on the last line of the Balances screen All balances are automatically updated every fifteen minutes or 30 seconds after your orders are executed whichever happens first The Balances tab on margin accounts includes a Margin Buying Power figure Click on the Details button to get more details about your Margin Buying Power Balances Tab For a Margin Account with Day Trading Buying Power ZG Account Detail 00000000 Eile View Settings Alerts Order Status Saved Orders Alerts Balances Positions Transactions 744 649 28 743 529 54 Using Cash Cash Borrowing 345 865 24 1 102 552 00 Deise 345 865 24 551 275 24 551 276 00 497 249 26 369 74 151 783 76 11 033 00 356 898 24 Cash Account Margin Account Total 5 026 99 393 757 05 398 784 04 11 033 00 11 033 00 0 00 0 00 0 00 0 00 5 026 99 382 724 05 387 751 04 242 003 29 59 Day Trading Buying Pow 0 00 Month to Date Int Ower 0 00 e gt Balances Tab for a Cash account 55 StreetSmart Pro User Manual Account Detail 00000000 Pile Es File View Settings Alerts Order Status Saved Orders Alerts Balances Positions Transactions otal Account alue oday s Change unds Available vailable to Trade vailable to withdraw e
50. g you to both increases and decreases in a security s Bid price e This Alert includes the Conditional order action Trailing e Allows you to follow the price movement upward and only Stop trigger the Alert when the Bid decreases by the amount specified e This Alert includes the Conditional order action Stop Loss e Alerts you when the Bid decreases to a specified Value e This Alert includes the Conditional order action Ask e Alerts you when the Ask increases to a specified Value Increases Buy In e Alert you when the Ask of a specific security increases by the specified Value Volume e Alerts you when security volume gains the specified Value Alert Margin e Alerts you when the trade price decreases to 3 05 At Equity 3 00 marginability increases to 100 Warning Day Alert e Alerts you when the Change from Open either Increases to or Decreases to the specified Values SETTING ALERT TEMPLATES 1 You can either create a new template from scratch or go to the Account Detail window Alerts tab and select Alerts gt Templates from the menu 36 Account Detail amp Alerts 2 To set up a template from scratch in Alert Templates click Add to open the following Add Template window Add Template Template Neme E Keep alert active aterlogoff 7 Save as Defaut Condition Symbol F Option Vanable Criteria Value WW wO C and Ee Ce z E Action M Beep F Load Trading Window Play Sound File w I Enter
51. ge from Open is 30 we would need to set an alert that triggers when it Gains 20 points or 200 or Increases to 30 Change from Close You can set up an alert to trigger based on the difference between the current price of a stock and the previous closing price Note that the change amount itself is used as a basis for the calculation so that if the Change from Close is 10 cents for example and you want an alert to trigger when the Change from Close is 30 cents it would need to gain 20 points or 200 Likewise the Change from Open could increase to 30 cents Criteria There are four criteria available e Increases to above e Decreases to below e Gains D Loses 32 Value Account Detail amp Alerts The amount you want the criteria to change by For Gains and Loses criteria if a negative value is entered the value will revert to 0 NOTE Choose Loses in the criteria window and enter a positive value rather than trying to trigger an alert based on negative gains Increases To and Decreases To criteria will accept either a positive or negative value depending on your goal Points or Shares Work in conjunction with the Variable and Criteria The Variable and Criteria you choose will change your available options for these fields Note that if you wish to set a percentage value or set up a Trailing Stop you must use the Gains or Loses criteria Trailing Stop Works only wit
52. h the Gains and Loses criteria and can be applied to a point value or a percentage It s important to note the difference between a Trailing Stop Alert and a Stop or Stop Limit order See Alerts amp Risk Management topic for more information Trailing Stop Alert example You are long 1000 XYZ which was purchased at 20 per share If you have a risk threshold of 10 you would want to get out of the position if the bid for XYZ decreases to 18 per share at the time you purchased it or 10 less than highest price reached after that You enter a Trailing Stop Alert at 20 to fire when the Bid loses 10 Assuming the stock price then increases to 25 per share the Trailing Stop will trigger if the Bid then decreases to 22 50 per share 25 x 10 2 50 per share 25 2 50 22 50 per share If the stock never moves above 20 per share and you set up the same type of Alert it will only fire if the Bid loses 10 18 20 x 10 2 per share 20 2 18 And Or Allows you to add an additional condition to your Alert e When you select And both conditions must be met at the same time for the alert to trigger e When you select Or either condition can trigger the Alert independent from the other 33 StreetSmart Pro User Manual Action Panel Beep If the system reaches all preset criteria the machine will beep once Pop Up Messages Window The Messages window will display a notification if
53. ies If a security is purchased using settled funds there are no requirements surrounding the timeframe of when the newly purchased securities can be sold However if unsettled funds are used to purchase securities and the customer sells the securities prior to making full payment these newly purchased securities may be subject to special requirements Securities purchased using unsettled funds should not be sold prior to the settlement of the funds used to purchase these securities generally 3 business days after the sale of the security which generated the funds If these securities are sold prior to settlement of the financing sale then additional funds will be required to be deposited in the account to cover the cost of the newly purchased securities If no additional funds are deposited within 5 business days of the purchase the sale of these securities will constitute a free ride under Federal Reserve Regulation T This will result in a 90 day settled cash up front restriction EXAMPLE If you sold a fully paid for security on Monday the 1st you could use the proceeds to purchase new a security prior to the settlement day of Thursday the 4th 3 day settlement However if you sold the newly purchased security prior to the settlement date Thursday the 4th you would then be required to deposit funds to pay for the purchase If you sold the new position on Thursday the 4th or anytime there after no additional funds would be required
54. ion To minimize possible issues the Bid or Ask variable should be considered when sending conditional orders for NASDAQ stocks and the last Trade Price variable should be considered when sending conditional orders for Listed securities Account Detail amp Alerts NOTE This is not a guarantee that orders will not be sent based on bad prints and will not completely remove the risk of alerts firing based on inaccurate data P amp L Alerts are triggered off of the Bid price if you are long the security or Ask price if you are short the security Alerts for indices should only be set up using the variables Trade Price Change from Open and Change from Close Although you can create alerts for indices using other variables such as Bid or Ask these alerts will never fire because the variables do not exist for indices Avoid placing alerts on any stock that does not have bid ask quotes Such alerts will not fire Positions with Fractional Shares If an alert to sell a position will leave only a fractional share in the account less than one full share the alert will fire but the order will be rejected and not executed If you are placing a sell alert for a position that has fractional shares and desire to sell the full position please use the close feature located under the Action drop down and select All under the Quantity drop down in the Order Entry area of the Alert template Critical Alert Information Logging
55. ions you hold long and short in your account Note Your options are typically held in the margin portion of your StreetSmart Pro User Manual account Option information only displays for accounts that hold option positions Market Value The total value of your long and short options positions based on their current real time market prices Options are not marginable securities but are normally shown in the margin account column for accounting purposes Total Securities The total values of all long and short securities positions including options in the margin and cash accounts A combined net value for the margin and cash accounts is also provided Margin Equity Requirements Margin The dollar value of marginable securities in your margin Equity account less the amount you owe Schwab plus any cash in your margin account This is the liquidation value of your margin account but does not include option positions segregated money market funds or cash not held in the margin account Margin Equity represents the total amount you invested in securities plus any excess cash minus funds borrowed on margin Equity Your margin equity divided by the market value of your margin Percent account This amount reflects the percentage of the current margin account value you would receive if you liquidated the margined securities paid off any margin debt and withdrew the funds Options cash account
56. is being reinvested No indicates that no dividends are being reinvested for that security and that dividends will be paid in cash Describes what type of security the position is Right click Descriptions Options Load e Loads the symbol into the Trading window Symbol e The quantity field is set to the Trading window default into Trading size may not match your position size Go to Settings Window gt General to change the default quantity to Set Quantity to Open Position Recent Loads the symbol into the News window Stories for Symbol Adjust Cost for Symbol Allows you to add and edit cost information for your position Research Ext Quote for Symbol Launches a web browser that automatically opens at schwab com for quotes and research 66 Apply Alert to symbol Account Detail amp Alerts Opens sub menu allowing you to use an alert template or create a new alert Close Symbol Show Hide Menu Closes out the position and sends a SmartEx order Shows removes the Account Detail menu P amp L CALCULATIONS Following is an example of how P amp L is calculated when there are multiple executions for one position Executions Average Cost Per Share What the Positions Tab Displays 1 15 04Buy 500 DELL 20 1 15 04 500 DELL Cost 2p Calculation 10 000 500 20 10000 gt 20 per share 1 15 04Buy 500 DELL 25 1 15
57. l Trade Price of 30 minus the Bid price of 28 If you had entered this as 2000 the alert would fire automatically because the current Trade P amp L of 1000 is already less than 2000 Advanced Trade P amp L Gains 2000 Yes Alert will fire if the Bid rises to 33 or more At that time your Trade P amp L has increased 2000 2 points X 1000 shares Advanced Trade P amp L Loses 2000 Yes Alert will fire if the Bid drops to 29 or less At that time your Trade P amp L has dropped from 1000 to 1000 1000 shares X 2 Bid price of 31 at the time that you entered the alert minus the new Bid price of 29 Advanced Trade P amp L Gains 20 Yes Alert will fire if the Bid rises to 31 20 or more At that time your Trade P amp L has risen 20 from its value at 40 Account Detail amp Alerts the time that you created the alert Trade P amp L of 1000 plus 20 Advanced Trade P amp L Loses 20 Yes Alert will fire if the Bid drops to 30 80 or less At that time your Trade P amp L has decreased 20 from its value at the time that you created the alert Trade P amp L of 1000 less 20 Share P amp L Alerts Scenario e You bought 1000 shares of stock at 30 The current Bid is 31 and the current Ask is 32 e Based upon the Original Trade Price of 30 that you enter the sof
58. lert or add it to the existing file by selecting the Append to file checkbox Add an Alert When a standard template doesn t meet your needs you can use this feature to create your own alert 1 Click Alerts gt New 2 Complete the fields in the Condition panel For more information on how to complete this window go to Alert Settings To add more than one condition click the and or or radio buttons Note that changes expressed as a percent must be used in conjunction with the gains or loses variable 3 Then specify the actions the alert should take in the Action panel Click OK to add the alert to the Alerts tab 5 When added to the tab during the standard session the alert is activated and a confirmation will appear in the Messages window 6 To save your alert s in a file follow the process outlined in the previous sections Edit or Remove an Open Alert You can edit or delete an open alert by 1 Click on the Alerts tab 2 Click on the alert you want to edit or delete to highlight it 3 From either the Alerts or the right click menu select Edit to make changes or Remove to delete the alert from the tab NOTE You can also double click on the Alert to open the Edit window If editing click OK to review your changes and activate the settings 5 When the alert is either deleted or edited a confirmation will appear in the Messages window 6 To save your settings in a file go to the Alerts or the right click
59. lerts tab pending further action such as editing activation deactivation or removal You can only use P amp L alerts for securities in which you hold a position Alerts with Conditional Orders for Boxed Positions can only be routed via SmartEx Alerts established with conditions that have already been met will instantly fire when the alert is set If you lose your connection to StreetSmart Pro servers any open alerts where Keep alert active after logoff is not checked will remain on the system for 10 minutes This allows you to log back in without losing the alerts You must reestablish your connection within 10 minutes to ensure that any outstanding alerts are not lost When you log back on please check the alert tab to make sure that all your alerts are still open and your messages and order status in the event that your conditions were met and a conditional order was sent You can enter either positive or negative values with the Increase to and Decrease to criteria depending upon your goal The Trailing Stop feature is only available with Gains and Loses alerts The Trailing Stop feature should not be confused with the Stop Order order type All alerts with Trailing Stops will be entered as a Market or Limit order types Alerts with conditional orders can execute trades based on bad or out of range time and sales prints You will be responsible for any orders that are executed even if they are based upon inaccurate informat
60. may have positions in securities referenced herein and may as principal or agent buy from or sell to clients its parent or affiliates and or its The Account Detail window automatically opens when you log on to the software and closes when you log off If you are not interested in viewing this information this window can be minimized to increase available screen real estate If you minimized this window and want to quickly open it 1 Click on Tools in the Main menu 2 Select Find Active Tool gt Account Detail Account Detail amp Alerts Account Detail Menu Right click in the Account Detail window and select Show Menu Bar to access the following options FILE Page Setup Enables you to customize the current page for printing Read the Printing Windows topic in the Getting Started section for more information Print Prints the current page of the Account Detail Export To save the data on a particular page into a text txt file for use in Excel or other programs click on the tab whose data you wish to export and select Export from the File menu Positions When selected a new window will pop up that is populated with your account positions This window is similar to the My Positions watch List but with only four columns Symbol Price Quantity and Change e The Symbol column displays the security symbols of the positions in your account e The Price column displays the last trade or closing
61. mplete Template El Zaeaec Symbol Action Quantity Piice Venue dr WO a M ee F Contim ceder before sending Template If SWC s bid decreases to lt value gt then lt execute gt lt shares gt of SWE at lt price gt on lt verue gt and load trading window and beep This conditional ordes wall be active dunng the current logon session only Cancel Save Alet To set up the template as a persistent alert Check Keep alert active after logoff at the top of the template window then fill in the rest of the blue fields and click OK to activate the alert To Apply an Alert Template to an Alert or Conditional Order For a Security You Do Not Own 1 Set up your template the same way you would a regular alert leaving the Symbol and Value fields blank 2 In the Account Detail click Alerts gt Templates in the menu bar If the Menu Bar is not visible right click in the window and select Show Menu 3 Click on the template for the alert you set up Click Complete or double click the Alert Template name 5 The template set up window will appear and prompt you to complete the remaining fields 6 Click OK 7 Verify your conditional order and confirm that you have read the Alerts Warning if applicable and the Alert set will appear in the Alerts and Conditional Order Entry window Zo TIP Remove Saved Templates 38 Account Detail amp Alerts e You can remove Templates by highlighting the Template you want to remo
62. n or right click menu and select Adjust Cost You may enter the total amount paid or received for the position using this function Once this has been done the asterisk will disappear even though future fills will not include commissions and therefore may not be absolutely accurate You may adjust the cost as often as you like Profit or Loss in Dollars Displays the unrealized profit or loss on the position in dollar format P amp L is calculated based on an average price paid per share T NOTE Lot accounting is not used so P amp L is NOT calculated on a LIFO FIFO basis See example in P amp L Calculations topic There are limitations on the reporting of transactions events that make up the P amp L amounts Profit or Loss as a percentage DRI Type Displays the unrealized profit or loss on the position as a percentage P amp L is calculated based on an average price paid per share NOTE Lot accounting is not used so P amp L is NOT calculated on a LIFO FIFO basis See example in P amp L Calculations topic There are limitations on the reporting of transactions events that make up the P amp L amounts This stands for Dividend Reinvestment Instructions Certain stocks and mutual funds pay a dividend These dividends may be reinvested into additional shares of the security or can be paid to you in cash depending upon your instructions Yes indicates that the corresponding security s dividend
63. oad and use of encrypted software 75
64. ollar amount paid or received for that position That adjusted number will be used as a basis for calculating the average share cost for any additional purchases and sales TRANSACTIONS only visible when Transactions tab is selected Update Allows you to view specific account transactions up to 90 days old See Transactions for more information 10 Account Detail amp Alerts Messages Window MESSAGES By clicking View gt Messages in the Account Detail menu you can view streaming order status in the Messages window for the current day only If you log off and back on multiple times during the day all messages for the previous session s will display in gray The Messages Window provides useful information about your software settings order status information alert messages and market session information If you make any changes to your software settings these changes will also be noted in the Messages Window The streaming data displayed includes e New Order Accepted e Orders Filled e Nothing Done Out e Alerts amp Conditional Order Events e Change Order e Cancel Accepted CH Messages 16 26 50 0 16 26 50 16 26 42 16 24 37 16 24 37 AAIE Equity Market is now Closed 15 59 00 Equity Market Closing in 1 Minute EUR Equit Market Closing in 5 Minutes 15 26 22 00000000 Alert Server is running BEZ As the Messages Window provides you with real time information not always available in
65. only Charles Schwab amp Co its parent or affiliates and or its employees and or directors may have positions in securities referenced herein and may as principal or agent buy from or sell to clients Partial fills The Quantity Filled At column displays information for the first fill If there are additional fills this column displays the average price with the number of shares To view the individual fills double click on the order and an Order Details window will open displaying the fill events at the bottom Sorting by Column Click on a column name to sort by that column click again to reverse the sort order Press Shift and click on a second column to perform a secondary more detailed sort within the primary sort For instance if you wanted to see all the Open Buy orders you could do a primary sort on Status and a secondary sort on Action and the Open Buy orders would be grouped together Order Status automatically updates when orders are executed either via StreetSmart Pro or other Schwab channels 12 Account Detail amp Alerts Account Detail 00000000 File View Settings Alerts Order Status Order Status Saved Orders Alerts Balances Positions Transactions __ Status Symbol Type Action _ Quantity Price 1 Current Trigger Ot Open IBAB Opt Buy to Ope NOTE Short Sell Exempt orders will display in your Order Status tab A customer service representative may enter Short Sell
66. other parts of the application we recommend leaving your Messages Window open while logged on o TIP Printing Data From the Messages Window A copy of your log files is maintained in the SSPro folder on your C drive for each day you log in to the software These files can printed in text format Please note that Schwab retains the official copy of these logs To print data directly from the Messages window before logging off go to File gt Print 11 StreetSmart Pro User Manual Order Status ORDER STATUS The Order Status tab in the Account Detail window displays all orders both open and closed placed via any Schwab channel including Schwab com TeleBroker and Velocity The Order Status tab displays Open orders closed orders that have been filled or canceled orders You can sort on any column in the Order Status window by clicking on the column header you want as your sort key Contingent Orders This applies to SmartEx trailing stop orders that are held up until the trailing stop price is met Once the price is met the order status changes to Open and a market order is submitted for execution Account Detail 00000000 File wew Settings Aerts Order Status Order Status Saved Orders Alerts Balances Positions Transactions Symbol Type Action Quarity i E Contingent DELL Eqty Buy Stock symbols and price and volume data shown here and in the software are for illustrative purposes
67. positions and segregated money market funds are not included when calculating the equity percentage Day Trade This field will only be displayed if we identify you as a pattern Buying day trader there are rules governing this designation For Power information about Day Trading Buying Power DTBP please consult your Schwab Active Trader Broker Month to The amount of margin interest you owe Schwab accrued from Date Int the beginning of the interest period through the date of your Owed inquiry The interest period begins on the second to last day of each month Margin Call If your margin equity falls below the percentage level required under Schwab or regulatory requirements if you make a purchase for which you have insufficient equity to meet the Fed s requirements or if you have insufficient cash to cover your open uncovered option or spread positions you will be subject to a margin call If there is a margin call on your account it may be displayed at the bottom of the screen and immediate action on your part is required However Schwab reserves the right to initiate immediate liquidation procedures without notice 60 Account Detail amp Alerts d TIP Showing Hiding the Balance Status Bar To hide your Net Worth or any other Balance Status Bar field from being displayed on your screen simply click on the label Net Worth next to the numerical field The Net Worth field will disappear BALANCES BAR The Bal
68. re sold prior to settlement of the financing sale then additional funds will be required to be deposited in the account to cover the cost of the newly purchased securities 57 StreetSmart Pro User Manual If no additional funds are deposited within 5 business days of the purchase the sale of these securities will constitute a free ride under Federal Reserve Regulation T This will result in a 90 day settled cash up front restriction EXAMPLE If you sold a fully paid for security on Monday the ist you could use the proceeds to purchase new a security prior to the settlement day of Thursday the 4th 3 day settlement However if you sold the newly purchased security prior to the settlement date Thursday the 4th you would then be required to deposit funds to pay for the purchase If you sold the new position on Thursday the 4th or anytime there after no additional funds would be required Cash Displays the Cash Secured Requirement 100 of assignment Secured Put value of the put position when a Cash Secured Equity Put is in Assignment the account This balance will only display if you have placed a cash secured equity put and will be located below the Settled Cash available to trade balance Cash amp Money Market Trading in the Cash Account Settled funds are e incoming cash such as a deposit or wire e settled sale proceeds of fully paid for securities Settled funds may be used for purchases of securit
69. riable determines which data will trigger your order Share P amp L Trade P amp L Change From Open and Change From Close are all change delta variables that is they are the result of a calculation e The P amp L variables are the difference between the cost and the current price e The Change From Open or Change From Close are the difference between the price of the security at the open or the close and the current price Share P amp L When you set a Share P amp L alert this P amp L amount is based on the difference between your Original Trade Price and the current bid price if you are long the stock or the ask price if you are short For example if you purchased 100 shares of DELL at 30 and it s currently trading at 33 your share P amp L in this case is 3 points or 10 If you want to exit your position with a 6 point profit or 20 gain the Share P amp L would need to gain 100 Alternatively you could designate the Share P amp L to Increase to 6 points NOTE Share P amp L initializes each day based on the Market Open Price rather than on your original trade price This means that if you are using a Variable of Share P amp L and a Criteria of Gains or Loses and the stock opens significantly higher or lower than the price at which you purchased the stock the initialization value could be applied further from the original trade price than you might wish Trade P amp L When you set the alert this P amp L amount is bas
70. rocess StreetSmart Pro provides advanced market information for your desktop and allows you to place orders It also allows you to connect and place trades through schwab com This User Manual explains how to use StreetSmart Pro s trading capabilities and provides instructions on how StreetSmart Pro can be used with schwab com This manual is designed to give you easy to use step by step instructions for using StreetSmart Pro Access to Level II data requires meeting certain eligibility requirements based on trading frequency For additional information please contact your Schwab Active Trader Team The market data used in this manual is for illustrative and educational purposes only and is not intended to reflect actual trading behavior or other characteristics of any securities or company This manual was developed for use with StreetSmart Pro and should not be used for other trading software or channels You will receive an announcement about updates to the StreetSmart Pro software and User Manual the first time you Log Off StreetSmart Pro after the enhancements and upgrades become available You may also receive updates through other methods including electronic notification or emails Please remember that the real time market data available through StreetSmart Pro may come from different sources than the real time market data sources for Velocity schwab com or other Schwab websites This may result in slight differences in quote
71. rom Open of 1 minus 20 of 1 or less In this case Trade Price for ABC must be 35 80 36 minus 0 20 or less Additional P amp L Alert Scenarios Scenario 1 You bought 1000 shares of XYZ at 20 Bid is 21 Your current unrealized profit Trade P amp L is 1000 Depending on your objective you could set up the alert in different ways If your objective is e A bigger profit of 2000 then enter Trade P amp L Increases to 2000 Original Trade Price 20 and beep Trigger If XYZ trades at or above 22 00 then the application will beep e To protect a profit of 500 then enter if Trade P amp L Decreases to 500 Original Trade Price 20 and beep Trigger If XYZ trades at or below 20 50 then the application will beep e To limit your loss to 500 then enter if Trade P amp L Decreases to 500 Original Trade Price 20 and beep Trigger If XYZ trades at or below 19 50 then the application will beep Scenario 2 You bought 1000 shares of XYZ at 20 Bid is 19 Your current unrealized loss Trade P amp L is 1000 Depending on your objective you could set up the alert in different ways If your objective is e To limit your loss to 2 000 then enter if Trade P amp L Decreases to 2000 Original Trade Price 20 and beep Trigger When XYZ trades at or below 18 00 then the application will beep 50 Account Detail amp Alerts
72. rom Open is 2 or more In this case Trade Price for XYZ must be 17 15 plus 2 or more Basic Change from Open Decreases to No Alert will fire if the Change from Open is 2 or less In this case the Trade Price for XYZ must be 13 15 minus 2 or less Intermediate Change from Open Gains Yes Alert will fire if the Change from Open increases to 3 or more current Change from Open of 1 plus 2 In this case Trade Price for XYZ must increase to 18 16 plus 2 or more Intermediate Change from Loses Yes Alert will fire if the Change 47 StreetSmart Pro User Manual Open from Open decreases to 1 or less In this case Trade Price for XYZ must decrease to 14 16 minus 2 or less Advanced Change from Open Gains 20 Yes Alert will fire if the Change from Open increases to 1 20 current Change from Open of 1 plus 20 of 1 or more In this case Trade Price for XYZ must be 16 20 16 plus 0 20 or more Advanced Change from Open Loses 20 Yes Alert will fire if the change from the Change from Open decreases to 0 80 current Change from Open of 1 minus 20 of 1 or less In this case Trade Price for XYZ must be 15 80 16 minus 0 20 or less Change From Close Alerts Scenario Closing price for equity ABC is 35 Current Trade Price is 36 and current
73. rrowing Available to Trade Cash Borrowing Also known as Margin Buying Power this is the amount of money you can use to trade marginable equities using cash and the margin feature of your account View Buying Power Details to understand this value for all security types This value is only 56 Account Detail amp Alerts shown in accounts with a margin feature You will be charged interest on any amount you borrow that exceeds the Available Cash in the account Details Button Click on this button to open up the Buying Power Details window which displays the maximum amount of any given security type that you can purchase using margin borrowing This value is only shown in accounts with a margin feature Available to Withdraw Using cash The maximum amount of money you can withdraw without accessing margin borrowing The amount is a combination of credits in the account less any cash on hold Available to Withdraw Cash Borrowing The maximum amount you can withdraw from your account to by requesting a check or transferring funds to another account This value includes the cash balance in your account plus the maximum amount you can borrow against marginable securities held in your margin account Note that recent deposits earn interest and are available for most types of trading activity but are not reflected in your authorization limit until they are cleared This value is only shown
74. s and other information especially in fast moving markets Your use of each version of StreetSmart Pro is governed by your agreements with Schwab including 72 Reference The End User License Agreement for StreetSmart Pro software that you must agree to as part of the software download process Your account agreements including the Electronic Services Agreement Any disclosures associated with the market data and trade order routing and functionality incorporated in or related to the use of the software including the Direct Access Disclosure and Agreement The following information is not intended to replace your careful review and acceptance of the agreements and disclosures outlined above Before using StreetSmart Pro you should carefully read all disclosures and instructions that Schwab provides for a complete understanding of StreetSmart Pro s capabilities If you have a question about the StreetSmart Pro software that cannot be answered by the Help file or User Manual contact your Schwab Active Trader Broker before taking any action Since StreetSmart Pro depends on third party data feeds lines and systems the accuracy and timeliness of market data cannot be guaranteed If data feeds servers and communication lines fail Schwab is not responsible for these third party components Alert your Schwab Active Trader Broker about any problems you encounter in using StreetSmart Pro so we can help resolve them Schwa
75. s value includes the cash balance in your account plus the maximum amount you can borrow against marginable securities held in your margin account Settled Cash Trading in a Cash account requires using Settled funds If a to Trade security is purchased using settled funds there are no requirements surrounding the time frame of when the newly purchased securities can be sold Settled funds are comprised of incoming cash such as a deposit or wire transfer any available Margin Loan Value or settled proceeds from the sale of securities that have been fully paid 63 StreetSmart Pro User Manual Positions POSITIONS TAB The Positions tab displays all open positions for a given account The positions are displayed with real time quotes regardless of which Schwab venue you used to enter or exit the position The Market Value is calculated based on the number of shares and the current price The Price is the current last trade price streaming The Change value is the Change from Close If you prefer to view the Change from Open go to Settings gt General Account Detail 00000000 File View Settings Alerts Positions Order Status Saved Orders Alerts Balances Positions Transactions CISCO SYSTEMS INC 100 1 772 00 CISCO SYSTEMS INC 500 8 860 00 IBASIS INC 400 960 00 INTL BUSINESS MACHINES 3 000 238 380 00 INTEL CORP 1 000 25 280 00 SUN MICROSYSTEMS INC 1 032 3 942 24 d TIPS Open Positions
76. se actions in the Messages window Activation at Market Open At market open a window will pop up asking you whether you want to activate your inactive alerts If you activate your alerts at this time all inactive alerts regardless of their prior history whether triggered by the software or deactivated manually will become active Deactivate All 1 In the Alerts menu select Deactivate All 2 All of the alerts previously in Active status will be changed to inactive status In this state they will be dormant until you choose to reactivate them You will also receive confirmation of this action in the Messages window Templates Alert templates allow you to quickly set up alerts You can select from the sample templates included with the software or choose to edit these or create custom templates that satisfy your specific needs For more information about this feature please go to the Templates topic 1 In the Alerts menu select Templates 2 The Templates window will open allowing you to select from the available alert templates 25 StreetSmart Pro User Manual TIP You can either edit an existing template or create your own from scratch While you can create templates by completing any of the available fields the most useful templates typically have the symbol and the value fields blank so you can apply your strategy to any symbol and adjust the trigger points as appropriate NOTE Once created alerts can be
77. sequence of calculations in a P amp L alert is as follows e First your current P amp L is calculated Trade P amp L and Share P amp L are calculated differently although the end result is much the same Your choice depends on which you feel more comfortable using When using Trade P amp L as a variable you will need to input the cost of the trade vs the per share price When using the Share P amp L variable you will need to input the price paid per share 18 Account Detail amp Alerts Original Trade Price The application takes the Original Trade or Share Price that you enter and compares it to the current Bid or Ask at the moment the alert was created to determine your unrealized profit or loss The Bid is used if you are long the security and the Ask is used if you are short the security e Second a calculation is made based upon the criteria you select Note that when using the gains or loses criteria the system is using the current P amp L amount or percent as a basis If you are 10 profit already and you input gains 5 the alert will trigger when your profit reaches 10 5 because a 5 gain on 10 is 5 You can also set up alerts and conditional order commands for using different symbols for the condition and the conditional order Useful combinations include an index coupled with an individual stock or an order for an option using its underlying equity for the condition Change from Open and Change from Close alerts
78. tem will alert at the following instances Log On Log Off Live order entered Order filled and Order Canceled Click Browse to find wav files to use Windows comes with several wav files and you may also download audio files from the internet or other sources This software does not come with any wav files Account Detail amp Alerts Conditional Orders that are triggered and eventually filled will sound both the Live order entered and Order filled Sound Alerts if you have selected sounds for these actions as well as any sound alerts included as part of the action of the conditional order ALERTS Refer to the Alerts topic for more detailed information about Alerts Load Allows you to load saved Alert a r files Save All As Allows you to save the alerts in your Alert tab to a file New Click to begin creating a new alert See Adding an Alert for detailed instructions Edit Click on the alert you wish to edit and then click Edit The Edit Alert window will open allowing you to make changes Click OK when you are finished Remove Selected Click on the alert you wish to remove and click Remove Selected The alert will be removed from your Alerts tab Removing an alert will delete it from the system Remove All Removes all alerts in the Alerts tab and permanently deletes them Activate Deactivate Alerts that you want readily available but not Selected necessarily active live all the time can be s
79. the Alert will still let you know when your risk management threshold has been reached but you would have to enter a new order from the Trading window to minimize your risk exposure Alert With Conditional Order using Trailing Stop The functionality is very similar to the Alert with a Conditional order The difference is that you now have a variable trigger Trailing Stop which will become effective only after the price of the security has had an up tick NOTE If no up tick occurs when using a Trailing Stop the Conditional order acts like a Stop order as there is no price increase to Trail back from To add a Trailing Stop to your Alert check the Trailing Stop box This box only becomes available when the criterion is either gains or loses EXAMPLE You are long 1000 XYZ which was purchased at 20 per share If you have a risk threshold of 10 you would want to get out of the position if the bid for XYZ decreases to 18 per share at the time you purchased it or 10 less than highest price reached after that You enter a Trailing Stop Alert at 20 to fire when the Bid loses 10 Assuming the stock price then increases to 25 per share the Trailing Stop will trigger if the Bid then decreases to 22 50 per share 25 x 10 27 StreetSmart Pro User Manual 2 50 per share 25 2 50 22 50 per share If the stock never moves above 20 per share and you set up the same type of Alert it will only fire if the Bid loses 10
80. tional Order is triggered Be sure you carefully review the terms of the Conditional Order before submitting it Symbol The condition symbol will automatically populate but can be changed 34 Account Detail amp Alerts Order Type e Choose from Buy Sell Short and Close e Close will either submit a Buy or Sell depending on whether you are long or short If you input a share quantity and your tradable position is less than this amount when the alert fires the software will send the order for that lesser net tradable amount e If you checked the Options box you can choose from Buy to Open Buy to Close Sell to Open Sell to Close or Close Shares Enter the quantity you want to submit in this box If you are using Close as the order type you can use Alf in this field or manually input a quantity Price You can either select Market from the pull down box or enter a limit price Note that since conditional orders are not submitted until the conditions that you specified are met a Market order will ensure fills at the current price of the security at the time the order is received by the market Method Conditional orders will be sent via SmartEx or via select Direct Access routes for those qualified for Direct Access trading Confirm Choose to have an order verification window pop up when the Order order conditions are met and the order is sent Before Note that if you are not logged onto the
81. to the system If you lose your connection to the StreetSmart Pro servers any open alerts will remain on the system for 10 minutes This allows you to log back in without losing the alerts You must reestablish your connection within 10 minutes to ensure that any outstanding alerts are not lost If you do not log off or get disconnected and your alert has not 19 StreetSmart Pro User Manual triggered it will be deactivated at the end of the current standard session 4 00 p m ET BASIC GUIDELINES ABOUT ALERTS 20 You can activate alerts outside of standard market hours but because alerts require updated Level 1 quote information to function they will not be initialized or become live actionable until the market opens You can set up new alerts or alerts created from templates at any time and they will display in the Alerts tab o Persistent alerts that are good for 60 days will automatically initialize at the next market open o Day Persistent alerts must be manually activated on the day of their use but you do not need to wait until market open to do this o Alerts that are good for the current logon session only do not initialize until the open of the standard session 9 30 a m ET o At the end of the standard market session all open Day alerts are deactivated o Persistent alerts that are good for 60 days will remain active but will not be acted upon until the next standard session o All alerts will remain in the A
82. ttled Cash Available to Trade 4 216 39 0 00 2 062 74 2 062 74 210 092 00 ash Money Market and Deposit Accounts ash harles Schwab Bank N A Deposit Accounts 0 00 706 69 2 062 74 Cash Account 2 153 65 2 153 65 Bank deposit accounts are held at the above referenced FDIC insured bank Securities products and services including unswept or intra day cash net credit or debit balances and money market Funds offered by Charles Schwab amp Co Inc member SIPC are not deposits or obligations of the above referenced bank are subject to investment risk are not FDIC insured may lose value and are not bank guaranteed Bank deposit account balances do not include interest that has been accrued since the last interest payment was made to your account Tab Columns e NOTE You must be in Live mode to see balances on the Balances tab When you are in Demo mode balances will not display Descriptions Total The Total Account Value is the sum of your securities unswept Account or intra day cash money market funds bank deposit accounts Value and net credit or debit balances in your account Today s Indicates the change in account value from the previous trading Change day s close This includes your trading activity as well as deposits and withdrawals Available to Trade Using cash The maximum amount of money in your account that you can use to trade without accessing margin bo
83. tware has calculated your current unrealized gain Share P amp L as 1 per share 31 30 Level of Complexity Variable Criteria Value Points Shares or Is Trailing Stop Available Conditions that cause the alert to fire Advanced Share P amp L Increases to 2 No Alert will fire if the Bid rises to 32 or more At that time your Share P amp L equals or exceeds 2 points Bid price of 32 minus your original Trade Price of 30 Advanced Share P amp L Decreases to No Alert will fire if the Bid drops to 28 or less At that time your Share P amp L equals or exceeds 2 points original 41 StreetSmart Pro User Manual Trade Price of 30 minus the Bid price of 28 If you had entered this as positive 2 points the alert would have fired automatically fire because the current Share P amp L of 1 point is already less than 2 points Advanced Share P amp L Gains Yes Alert will fire if the Bid rises to 33 or more At that time your Share P amp L has increased 2 points from the value that existed at the time that you created the alert Advanced Share P amp L Loses Yes Alert will fire if the Bid drops to 29 or less At that time your Share P amp L has dropped 2 points from 1 point to 1 point Advanced Share P amp L Gains 20 Yes Alert will fire if the Bid rises to
84. ve and either click Remove or right click to Remove e You can also edit an existing template to meet your changing needs ALERT VARIABLE DESCRIPTIONS Alert Variable Descriptions The following tables describe various alerts that you can create as well as how the alert will trigger e Trade P amp L Alerts e Share P amp L Alerts e Bid Alerts e Ask Alerts e Volume Alerts e Trade Price Alerts e Change From Open Alerts e Change From Close Alerts e Additional P amp L Alert Scenarios Trade Profit amp Loss Alerts Scenario e You bought 1000 shares of stock at 30 The current Bid is 31 and the current Ask is 32 e Based upon the Original Trade Price of 30 that you enter the software has calculated your current unrealized gain Trade P amp L as 1 000 1000 shares X 31 30 Level of Variable Criteria Value Is Trailing Conditions that Complexity Points Stop cause the alert Shares Available to fire or Advanced Trade Increases 2000 No Alert will fire if P amp L to the Bid rises to 32 or more At that time your Trade P amp L equals or exceeds 2000 1000 shares X 2 Bid price of 32 minus your original Trade Price of 30 39 StreetSmart Pro User Manual Advanced Trade P amp L Decreases to 2000 No Alert will fire if the Bid drops to 28 or less At that time your Trade P amp L equals or exceeds 2000 1000 shares X 2 your origina
85. y be subject to additional restrictions and may be changed at any time To learn more about specific eligibility standards for use of StreetSmart Pro by customers of Charles Schwab Hong Kong and customers referred by Charles Schwab UK please contact your customer service representative For customers in Asia UK and Switzerland accessing StreetSmart Pro via DSL ISDN or cable modem is strongly recommended in order to receive optimal speed and performance of streaming market data functionality Certain products and services described in this Online Help guide may not be available to customers of Charles Schwab Hong Kong and customers referred by Charles Schwab UK including but not limited to o Access to schwab com o Velocity Trading software o Schwab Platinum service and Schwab Platinum representatives o Direct Access trading via StreetSmart Pro o E Mail Alerts and Trade Confirmations Your use of each version of StreetSmart Pro is governed by your agreements with Schwab including The End User License Agreement and StreetSmart Pro Disclosure and Agreement that you must agree to as part of the software download process Your account agreements including the Electronic Services Agreement Any disclosures associated with the market data and trade order routing and functionality incorporated in or related to the use of the software Any laws or regulations in force in your country of residence pertaining to the downl

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