What does contingent trade mean?

What Is a Contingency Order? A contingency order is a buy or sell order that is executed from a broker’s trading platform only when specific, trader-defined conditions have been met.

How do contingent orders work?

A contingent order is an order that is linked to, and requires, the execution of another event. The contingent order becomes live, or is executed, when the event occurs. An example is a stop loss order. The stop loss to sell is contingent upon a security first being bought.

Can you set a stop loss and limit sell at the same time thinkorswim?

If you’re using the thinkorswim® platform, you can set up brackets with stop and stop-limit orders when placing your initial trade.

What is all or none Limit order?

all or none (AON) All or none (AON) is a condition used on a buy or sell order instructing the broker to fill the order completely or not at all. AON is only available for orders of more than 100 shares. If all shares aren’t available at the same time and at your limit price or better, the order won’t be filled.

What is contingent trade triggers?

A trade trigger is any event that meets the criteria to initiate an automated securities transaction that does not require additional input. Often, trade triggers are placed using contingent orders involving both a primary and secondary order.

Does Ameritrade charge for Cancelled orders?

On day one, you receive a fill of 500 shares. On day two, you receive one fill of 300 shares and another fill of 200 shares. Two commissions will be charged, one for the fill on day one and one for the two fills on day two. If you choose to cancel the order after day one, only one commission will be charged.

What is AON and DNR?

All or None/Do Not Reduce (AON/DNR) A condition that can be placed on a sell request requiring that the sell request can only be used as a Good ’til Cancel limit sell request.

What does contingent mean in business?

A contingency is a potentially negative event that may occur in the future, such as an economic recession, natural disaster, or fraudulent activity. Companies and investors plan for various contingencies through analysis and implementing protective measures.