After receiving your Trade Alert the next step is actually placing the trade. We use Tastyworks as our brokerage, but the mechanics of making the trade will be very similar for all brokerages.

Our trade alert said:

Bought 15% BAC @ $22.81

In the upper left of your Tastyworks screen, click Trade.

Next, click Stock, enter the ticker symbol, enter a limit price (or click market order if you choose), enter the correct quantity, and click review and send. On the review screen double check the information, and click send. If your order is filled it will pop up immediately in your portfolio.

Now that we’ve made the trade, let’s move on to the next step, managing the risk.