Submitted by linnsoft on Tue, 04/23/2013 - 20:47
The Journal Entry and Trade Enter methods described above are used to add or close out positions in a portfolio whether all of the information needed such as the fill price, commission amount, etc. are at hand. Investor/RT also permits entry of trading orders that have not yet been confirmed. Entering a trading order does not add a position to the portfolio.
The order is placed in a pending status until either the order is canceled or confirmed as complete. These order types include: market orders, stop orders, limit orders, fill or kill orders, limit if touched orders, on open order, on close orders, and all or none orders.