You can enter trades in seconds from your watchlist, chart, options chain, or positions widget.

Depending on how you open an order form, it may contain preset order details. You can always edit your order before submitting a trade.

You can place an equities order from a variety of widgets in your layout:

• From a watchlist widget: Hover over a row and select Trade to place a limit order. You can also right-click on the row to select Trade.
• From a positions widget: Hover over an equities position. You can also right-click on a position.
  • Select Close to place a market order to sell
  • Select the three vertical dots then Set stop to place a stop market order. Set stop will also appear if the widget is wide enough.
  • Select the three vertical dots then Set limit to place a limit order
  • Select the three vertical dots then Increase position to place a market order to buy
• From a chart widget: See Trading from the chart below

Depending on the scenario, the form will be set as either a limit, market, or stop market order. From there, you can choose another order type, decide whether you want to buy or sell, and edit the rest of your order details.

To cancel an open or partially filled order, hover over an order row in your recent orders widget and select Cancel. You can also right-click on a position to find this option.

To replace an open order, select the three vertical dots on an order row in your recent orders widget (or right-click) and select Replace. This option will also appear if the widget is wide enough.

You can place an options order from two widgets:

• From an options chain widget: Select a bid or ask price for the contract you want to trade. To add more legs, just click the bid or ask on another contract and it will automatically be added to your order form.
  • Note: Selecting a bid sets the order form to sell. Selecting an ask sets the order form to buy.
  • Note: You can add up to 4 legs to a single order.
• From a positions widget: Hover over an options position. You can also right-click on a position.
  • Select Close to place an order to close your position
  • Select the three vertical dots then Set stop to place a stop market order. This option will also appear if the widget is wide enough.
  • Select the three vertical dots then Set limit to place a limit order
  • Select the three vertical dots then Increase position to place an order that will add to your current position
  • Select the three vertical dots then Exercise to exercise your option

Once an order form opens, you can select your order type, decide whether you want to buy or sell, and edit the rest of your order details. For multi-leg trades, you can also see the current mark price for each of your legs, and edit your legs ratio.

You can trade in a few different ways directly from your chart widget:

• Select Buy or Sell (if you have a position) in the upper-left corner
• Select the + icon on the right side of the chart
  • If above the current price, select Buy stop to place a buy stop market order
  • If above the current price, select Sell limit to place a sell limit order
  • If below the current price, select Buy limit to place a buy limit order
  • If below the current price, select Sell stop to place a sell stop market order
  • Note: The order form will default to the price you clicked on, but you can edit this before submitting the trade.
• Right-click on any point in the chart
  • If above the current price, select Buy stop to place a buy stop market order
  • If above the current price, select Sell limit to place a sell limit order
  • If below the current price, select Buy limit to place a buy limit order
  • If below the current price, select Sell stop to place a sell stop market order
  • Note: The order form will default to the price you clicked on, but you can edit this before submitting the trade.
• If you have an open order, you can cancel or replace that order right from the chart
  • Select the X to cancel the order
  • Select the order to replace the order
  • Click and drag the order to replace the order
• If you have a position in the asset, you’ll see a pill with your open quantity and P&L, plotted at its average cost
  • Click and drag Stop down to select the price you’d like to place a stop market order at
  • Click and drag Limit up to select the price you’d like to place a limit order at
  • Select the X to start a closing order for your position

You can see your available buying power for trading by clicking the account icon. Buying power will then appear in the right hand panel. For details about your buying power, check out Settlement and buying power.

All investments involve risk and loss of principal is possible.

While there is no additional cost to use Legend, there are other fees associated with your individual investing account. Review our fee schedule for more information. Robinhood Legend is only available to Robinhood investing customers.

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Robinhood doesn’t endorse or adopt any particular investment strategy or approach to evaluating individual securities or assets. Robinhood Legend use is for informational purposes only and is not a recommendation of any security, investing or trading strategy.Some of the capabilities of Robinhood Legend may be different or absent from what is offered via the Robinhood mobile app or Robinhood classic. Please be sure to understand these differences and what might work best for you.

Robinhood Financial LLC (member SIPC), is a registered broker dealer. Robinhood Securities, LLC (member SIPC), is a registered broker dealer and provides brokerage clearing services.