Orders Ignore Position Size, Always Use Default Quantity Setting

Are you someone who likes to scale out of positions? If so, then selecting this option inside the Settings menu can help you with that during order entry. To reach this option click the gear icon  in the desktop trading platform, then select the Trade module, lastly click the Orders tab.

By enabling this feature, you can quickly scale out of positions based on your default order quantity, without having to enter it each time manually. For example, if your default order quantity for stocks is 200 and you own 1,000 shares of XYZ, then each time you set up a closing order the order ticket will line up the default of 200 shares to close instead of the entire 1,000. To learn more about setting a default order quantity, click here