Placing a trade

Placing a trade with QuestMobile is simple and straightforward. Follow these steps for a successful first trade:

Please note: The following quotes and ticker symbols are for educational purposes only.

1. Navigate to the Stock/ETF Quote page in any of the following ways:
   • Tap the green Buy/Sell button from the homepage
   • Tap the magnifying glass icon from the top right
   • Tap on any symbol from your positions, or watchlists

On the Quote page, you will find information about the stock or ETF, including a historical performance chart, and key Statistics below (dividends, P/E, Volume, etc.).

2. Tap the Buy or Sell button at the bottom of your screen.

3. If you have multiple self-directed accounts, select which account to place your trade in.

4. Select the type of order you would like to use and then Next.

• A limit order lets you set your preferred buy/sell price.
• A market order lets you buy/sell at the current market price.

If you want to change your order, such as switching from a buy to a sell, select the Order bubble located at the top of the screen.

5. Select how you want to place your order and then Next.

• Share quantity allows you to choose the number of shares you want to purchase.
• Dollar amount lets you set a total dollar amount to spend and receive the maximum number of whole shares within that budget.

6. If you selected Share quantity on the previous page, enter the number of shares you’d like to buy or sell here.

• The Bid or Ask price is displayed at the top, depending on whether you’re buying or selling.
• You can easily switch the order type you want to use for the trade by tapping the arrow or bubble at the top of the screen.
• Buying power is the money you have to invest. In Margin accounts, it's the excess margin available for trading.
  • Read this article for more information on buying power in margin accounts.
• Shares owned displays the number of shares you currently hold of the stock/ETF.

If you selected Dollar amount on the previous page, enter the maximum amount you want to invest here. 

• Estimated share quantity shows the number of shares you can purchase using the maximum amount you want to invest.
• Estimated total reflects the cost of your trade based on the number of shares and the stock/ETF price. 
• Remaining amount displays the amount of money that will not be spent on this order and will change based on the estimated total. 

When you are ready, select Next.

• Market orders will take you right to the Review order page.
• For limit orders, you will be asked to set the highest price you want to pay per share before placing your trade on the Review order page.

Remember: Limit orders will execute at your price or better, but will only execute if the market price reaches your limit price before your order expires.

7. Last but not least, review your order details, including your order duration on the Review order page. When you are ready, tap Send order to execute your trade.
   • Duration shows what order duration was used for the order (DAY, GTC or other).
   • Check this article out for more information about order durations.

After your order has been submitted to the exchange, you’ll see a green confirmation screen. Tap the button at the bottom to view a list of your orders for this symbol over the last 90 days.

Note: You can always modify an existing order that has not been executed yet.

Single-page order entry

Single-page order entry offers a single-page view with everything you need to quickly place your trade. Designed for more experienced traders who prefer efficiency, all necessary fields for order entry are available on one page.

Take advantage of Pre and Post-Market trading opportunities within the QuestMobile platform.

North American stock markets operate from 9:30 am to 4:00 pm ET, Monday to Friday. However, pre and post-market trading sessions are also available from 7 am ET to 8 pm ET, allowing you to respond to news outside of regular hours.

To trade during extended hours on QuestMobile:

• Select a Limit order for your trade and proceed through until you reach the Review order page.
• Tap the Arrow on the right to change the Order duration to Good till ext. market (GTEM), then tap Send order.
  • Order duration determines how long your trade order remains active before it gets filled or expires. If it isn't executed within the set time, it's automatically cancelled.
    • The QuestMobile app will notify you of the cancellation.
  • Good till ext. market means your trade order remains active for the entire trading day, including regular and extended trading hours.

Learn more about order types and durations, including how to use the GTEM order duration.

Note: The information in this blog is for educational purposes only and should not be used or construed as financial or investment advice by any individual. Information obtained from third parties is believed to be reliable, but no representations or warranty, expressed or implied, is made by Questrade, Inc., its affiliates or any other person to its accuracy.