In today’s video we will be going over the Power Etrade platform , and how to Buy and Sell stocks and set call and put options easily.<\/p>\n

Finally we are done with the Etrade interface and how to create and fund an account, and how to buy and sell assets so it is time to have a look on their trading platform, Power ETRADE.<\/p>\n

I have opened a paper trade account which is a demo account that will allow us to perform trades without using actual funds, as this is a tutorial video.<\/p>\n

Once you log in for the first time you land in a page like this, now I see the SSPDR S&P 500 ETF, but I would like to change to a stock that you are all familiar with and this is nothing other than Apple, so lets bring apple, you can se the search box on the top left side to locate the stock you want.<\/p>\n

Starting form the right side, we have the equity of our account which is 100K , that is our buying power, no gain or loss today as we preformed no trades, no open positions or anything like that,<\/p>\n

On the top bar you have quote which gives you information about the apple stock, open price, high and low of the day, close price of the previous day and a 52 week price. On the left side of that box you can see the Bid and ask price as well as the volume of the day.<\/p>\n

Then we have a small chart which can go from 5 days to 1 year, and next to it the fundamentals, such as market cap, sector, industry, Beta and the 10 day average volume.
\nBellow that the Earning with the next earnings date to be the 10\/27 of 2022, price to earning ration which is 24.03 which is considered good, and info about Dividends.<\/p>\n

Then we have news which is the latest news concerning apple and trust me when we are talking about such a massive company the news you can get in a day gets a bit overwhelming. Trend watch and social sentiment, which I don’t really pay attention to but many other do and last the book of trades and depth view.<\/p>\n

Were all the action happens is in the quick trade boxes were you can buy or sell market, And this happens because on Power ETrade paper trading account the Margin account is already activated.<\/p>\n

So If I want to buy 10 socks of apple at market price I will click buy and then on the pop up window I will see an overview of my order and click send if agree with. Now as you see on the left side those oxes have been populated and I have a total loss of about 30-50 cents.<\/p>\n

All the interface is customizable, and I will show how you how to make changes after we finish the navigation of what can be found and were.<\/p>\n

Moving on to the chart, and then options. If you recall when we talked about options earlier here you can see a much better outlook on how to trade options, because you have a wider look on prices.<\/p>\n

On the top you can pick the expiration date for your puts or calls. For that I will pick January 23, which is 105 days from now. IF I believe that the market will continue its downtrend, which I must say its quite lively to happen I want to buy puts on apple.<\/p>\n

So the current price today is at 141, so I would liek to buy put with expiration date of January 23. To buy 1 put on apple with a strike price of 140$ and an expiration on january23, I will need to pay 9.9$ per share or 990$. Lets do it.<\/p>\n

My order was placed!
\nBasically I bet that apple will decline below 140, so if that happened I will be able to buy apple at a price that is below 140 and sell it for 140 between now and January 23. Truth is I have no intention of buying the actual stock but just selling my options at a much better price than I bought them. For that to happen Apple needs to go below 140 in the next 103 days.<\/p>\n