Finnaly, after 10 grueling lessons here is how to place an order and enter the world of trading:
TOP SECTION (Order Type)
Order Type: Limit
You are placing a limit buy order, which means:
“Only buy this stock at $175.00 or better.”
It will not buy higher than 175.
BUY SIDE / PRICE
Price: 175.00
This is the price you are willing to buy NVDA at.
If NVDA never falls to 175, the order will not fill.
SHARES
Shares: 1
You are buying 1 share.
EXITS (automated closing rules
This is where you tell the broker how to automatically close the trade when it hits your profit or loss levels.
TAKE PROFIT (closes when price rises)
✔ Take Profit: 180.00
If NVDA rises from 175 to 180, your broker will automatically sell your share to lock in profit.
Profit = 180 − 175 = +5 dollars
This is your reward target.
Ticks: 500
Think of this as the distance measured in small increments (ticks).
It’s optional; the dollar price is what matters.
STOP LOSS (closes when price falls)
✔ Stop Loss: 172.50
If NVDA drops to 172.50, your broker will automatically sell your share to limit your loss.
Loss = 175 − 172.50 = 2.50 dollars
This protects you from a bigger drop.
Ticks: 250
Again, the tick number doesn’t matter to you — the 172.50 stop price is the important part.
TIME IN FORCE
Day
The order is active only for today.
If it does not fill during today’s session (buy at 175), it disappears at the market close.
ROUTING
ZERO
This tells the broker which route to use to execute the trade.
“ZERO” is just the routing method — no impact on the logic of your trade.
OUTSIDE RTH
You left these unchecked, which means:
- Your order will only work during normal market hours
- No premarket or after-hours trading
ORDER INFO (summary)
Tick Value: 0.01 USD
Smallest price movement for NVDA = 1 cent.
Trade Value: 175.00 USD
Total cost to buy 1 share at 175.
Reward: 0.02% / 5.00 USD
Your potential profit per share is $5 if price hits 180.
Risk: 0.01% / 2.50 USD
Your max loss per share is $2.50 if price hits 172.50.
This creates a Risk/Reward ratio of 2:1
You risk 2.50 to make 5.00.
BOTTOM BUTTON
Buy 1 NVDA @ 175.00 LMT
If you click this, you send the order:
- Buy at 175.00
- TP at 180.00
- SL at 172.50
Everything else happens automatically.