Trader Guide ·  Chapter 4
Chapter 4 of 20: all chapters
  1. 1. Syndication in one page
  2. 2. Your accounts and your syndication balance
  3. 3. A tour of the Terminal
  4. 4. The three trade settings
  5. 5. Watchlist and instruments
  6. 6. Chart and Backtest Allocation
  7. 7. Pre-open: what the Desk would do
  8. 8. The earnings projection
  9. 9. Placing a trade: the Execute ticket
  10. 10. What happens after you press Buy or Sell
  11. 11. The Allocation panel
  12. 12. The Activity panel
  13. 13. Managing open positions
  14. 14. Pending orders
  15. 15. Closed trades, replay and sharing
  16. 16. Money: balance, fees, overnight charges and payouts
  17. 17. The Terminal on your phone
  18. 18. The Desk page
  19. 19. Questions traders ask
  20. 20. Glossary
Chapter 4 of 20

The three trade settings

Every syndicated trade runs on three settings. You can keep saved defaults and change any of them for a single trade.

Risk tolerance: Normal or High-Risk

How far the Desk stays with you when the trade moves against you. This is the only setting that changes the fee.

OptionFeeWhat it means
Normal$15 a contractThe standard contract.
High-Risk (shown in amber)$25 a contractThe Desk stays with you through bigger moves against you, for a higher fee. Its stop starts farther from your entry, so ordinary swings are less likely to end the allocation early. On some instruments the Desk may start with a smaller share of your size.

Timeframe: Intra-Day or Multi-Day

OptionWhat it means
Intra-DayThe Desk moves with you in minutes and takes profit tightly.
Multi-DayThe Desk moves with you over hours and gives your move more time to develop.

Profit appetite: Aggressive, Moderate or Conservative

Profit protection: how much of your earnings you are willing to give back once the trade is in profit.

OptionWhat it means
AggressiveLets a winning trade run further. More can be given back.
Moderate (the standard choice)A balance between letting it run and protecting earnings.
ConservativeProtects earnings sooner. Less is given back.
Settings are fixed when a trade opens. Changing a setting affects your next syndicated trade only. A trade keeps the settings it opened with until it closes, and the expanded position row shows them.

Where to change the settings

1. In the header

The chips at the top of the Terminal always show your next trade's settings. Click them to open the same three controls.

Header chips: Normal, Intra-Day, Moderate.

Each control says your default when the choice shown is your saved one. Pick something else and the label turns into Set as default: click it to save the new choice, or leave it to use the choice for the next trade only.

When High-Risk is chosen, its chip and its fee turn amber so the higher fee is always visible.

High-Risk picked for one trade. "Set as default" would save it.

2. On the order ticket

The Syndicate row on the ticket has a fold-out summary (for example "Intra-Day · Moderate ▾"). Open it to see and change all three settings for this trade, with the overnight cost underneath (Chapter 9).

3. On the Desk page

The Your trade settings card (Chapter 18) holds your saved defaults. A click on any option there saves it straight away.

4. On a phone

The Next trade row under the header shows the three chips. Tap it to open the controls (Chapter 17).

What the defaults do

The Terminal opens on your saved defaults. Without saved defaults it starts on Normal, Intra-Day and Moderate. A saved default only pre-selects the ticket; the fee charged is always the one shown on the ticket when you send the order.

The ticket's Details with High-Risk chosen: the fee shows $25 in amber.

The screens come from a demonstration account; prices, sizes and amounts are sample data. Estimates, projections and backtests in the Terminal describe how the Desk behaves. They are not promises of future results. Trading involves risk.