Investment tools at Questrade

Discover the different investment tools available at Questrade.

The markets move fast, and we want to help you move even faster. With our trading platforms you can create custom watchlists so you can follow the securities you’ve got your eyes on. As well, we provide standard watchlists to help you follow the financial markets.

The watchlists table is a useful tool to add and view stocks or ETFs you wish to buy in the future, or simply keep an eye on. This also allows you to organize and plan your portfolio according to your goals before you invest. The watchlists table has three main features which includes Add symbol, Create watchlist, and Edit watchlist. Let’s cover each one.

Questrade Trading adding a symbol
  • If you haven't added any stocks or ETFs on your watchlist yet, simply add them through the +Add symbol button. Once you click it, a search bar will appear where you can type in either the symbol or company name you’re interested in. Simply click on the ticker symbol or star sign beside your chosen security to add it to your list.
  • Alternatively, you can add stocks and ETFs by entering the name of your company on the Symbol Lookup bar on the top right of the trading view. Once the company’s information (and chart) shows up on the left side of the trading view, click the star button beside Add to watchlist to add it to your watchlist.

Create watchlist

  • To create a new watchlist, simply click on the three dotted lines on the far right of the watchlists table. An option will appear and click on Create new watchlist which brings you to another window to name your watchlist. Once you create your new watchlist, simply add the companies you want by using the Add symbol button.
  • Click DONE to finalize your watchlist.
  • You can view and navigate other watchlists by clicking on the drop down arrow beside the name of your watchlist.  
Questrade Trading creating a watchlist
Questrade how to edit a watchlist

Edit watchlist

  • To edit your watchlist, first choose the watchlist you want to edit by finding it through the drop down menu beside the name of your watchlist.  
  • Hover over your chosen watchlist and click the three dotted icon on the right side and choose Edit watchlist. Under the edit watchlist, you have a few options:
    • Change the name of your watchlist by clicking on the pencil icon on the right side of the table.
    • Re-arrange the order of the stocks/ETFs on your watchlist. Simply click/hold the 2 horizontal lines icon beside your chosen ticker symbol and move it on the list depending on your preferred order. Alternatively, you can also sort your watchlist by clicking Sort: drop down menu (on the right side of the table) and choose between A-Z, Z-A, or Custom.
    • Add a new ticker symbol by clicking on the Add symbol button under the watchlist name.
    • Delete the entire watchlist by clicking on Delete watchlist on the bottom of the table or if you want to delete a company on your list, simply click on the trash icon beside the name of your company.
    • Once you’re done editing your watchlist, simply click DONE on the bottom right of the table.

Watchlists are an easy way to keep an eye on the Stocks, ETFs, or other securities you’re interested in. To access your watchlists simply tap on the Watchlists icon on the homepage in the “All accounts” view.

QMobile Watchlist icon
QMobile watchlist indexes GIF

You can also scroll to the very bottom of your homepage to see an overall snapshot of major market indexes like the Nasdaq Composite, or TSX 60. Swipe left to scroll through these indexes, or tap “Show watchlist” to head directly to the watchlist page. You can also tap the profit & loss numbers to switch between viewing change in percentages or dollars here.

    On the Watchlists page, you can tap the News tab at the top to view recent news articles about the markets, and your specific investments.

    1. Tap the menu on the left to switch between different watchlists
    2. Tap the 3 dots on the right to edit your watchlist, or create a new one

    The You can also quickly add a symbol to the current watchlist you’re viewing by tapping “Add symbol”.

    QMobile modify watchlist
    qmobile-create-watchlist

    When you create a new watchlist, the first thing you can do is give it a name, then start adding the investments you’d like with the “Add symbol” button.

    Feel free to add up to 50 symbols to your watchlist.

    Before you save your new watchlist, you can also edit how the list is sorted. Tap the “Sort:” button on the right to change between a custom order, A-Z, or Z-A.

    If you select a Custom order, you can tap and hold the button on the left next to the symbol to drag and drop the symbols into the order you’d like.

    If you want to get rid of a symbol from your watchlist, simply tap the red “x” icon on the right, or long press and drag the symbol to the left.

    Create as many watchlists as you’d like, and stay on top of market movements that are important to you.

    Creating a watchlist on Questrade Edge Web:

    1. Log in to Questrade Edge Web
    2. In the main toolbar, click/tap Watchlist
    3. Click/tapUser-added image, and then Manage watchlists
    4. OSelect + Add watchlist to create one
    5. To keep your platform organized, name your watchlist
    6. Once the watchlist is created, click/tap + Add Symbol to add securities of your choice

    Later, if you decide to add or remove securities from your watchlist, click/tap three dotted image, and then edit this watchlist. To add, remove or manage your watchlists, click/ tapthree dotted image, and then click/tap Manage watchlists.

    By default, our platform shows you key information about the securities you add to your watchlist; for example, last price, bid, ask, change, mini-charts, high & low of the day, and volume. However, you can customize the data that appears in your watchlist by clicking/tap vertical dotted image as options. For an explanation of the different data feeds, see below.

    Column Description
    Symbol The ticker symbol for the security
    Description The full name of the security
    Last The last price the security was traded at
    Chg $ The change in price from the previous day’s closing price
    Chg %

    The change in price from the previous day’s closing price, expressed as a percentage
    Bid The highest price the market is willing to pay for this security
    Ask The lowest price the market is willing to accept for this security
    High The highest price traded for the security today
    Low The lowest price traded for the security toda
    Vol The trading volume for the current day
    Exch The listing exchange for the security 
    Bid sz The number of shares in board lots the market is willing to purchase at the bid price. On Canadian markets, one board lot is 100 shares for securities valued over $1.00, 500 shares for securities valued between $0.10 and $1.00, and 1,000 shares for securities valued under $0.10. On U.S. markets, one board lot is 100 shares for all securities. For option orders, one board lot is one option contract
    Ask sz The number of shares in board lots the market is willing to sell at the ask price. On Canadian markets, one board lot is 100 shares for securities valued over $1.00, 500 shares for securities valued between $0.10 and $1.00, and 1,000 shares for securities valued under $0.10. On U.S. markets, one board lot is 100 shares for all securities. For option orders, one board lot is one option contract
    Tick

    A change in the security’s price from the previous trade is represented by an up or down arrow. No change is represented by a dash 
    Open

    The price the security traded at when the markets opened

    Prev close

    The price the security traded at when the markets closed the previous trading day
    Currency The currency of the security
    Last trade The date and time the security was last traded at
    52w high The highest price the security traded at over the past 52 weeks
    52w low The lowest price the security traded at over the past 52 weeks
    Mkt cap The total value of all outstanding shares of the security
    Avg vol The average trade volume over a 3-month period
    Shares The number of shares owned by the public, company officers, and insiders
    EPS Earnings per share: a company's profit divided by its number of common outstanding shares
    Div The distribution of a security’s earnings to shareholders
    Yield The income return on an investment displayed as an annualized percentage
    Ex-date The date on or after which a security is traded without a previously declared dividend or distribution
    Security type Indicates the type of security (e.g., stock, ETF, option)
    Open interest The total number of option contracts that are not closed or delivered for the current day

     

    Creating a watchlist on Questrade Edge Desktop:

    1. Log in to Questrade Edge Desktop
    2. Click the Watchlist symbol in the top navigation bar
    3. Click the + icon, and then click New watchlist to create a new one
    4. To keep your platform organized, name the new watchlist
    5. To keep your platform organized, name your watchlist
    6. Once the watchlist is created, go to the symbol lookup field to add securities you’d like to follow

    Later, if you decide to remove securities from your watchlist, right-click on the security and click Remove symbol.

    To manage your watchlists, click the downward arrow image of a down arrow within the watchlist window to:

    • Create multiple watchlists
    • Add public and private watchlists
    • Change settings like size, colour, and fonts

     

    By default, IQ Edge shows you key information about the securities you add to your watchlist, such as last price, ask, bid, $/% change, high & low of the day, and volume. However, you can customize the data that appears in your watchlist by clicking or tapping the downward arrow image of a down arrow and then Edit columns. For an explanation of the different data feeds, see below:

    Column Description
    Symbol The ticker symbol for the security
    Description The full name of the security
    Last The last price the security was traded at
    Chg $ The change in price from the previous day’s closing price
    Chg %

    The change in price from the previous day’s closing price, expressed as a percentage
    Bid The highest price the market is willing to pay for this security
    Ask The lowest price the market is willing to accept for this security
    High The highest price traded for the security today
    Low The lowest price traded for the security toda
    Vol The trading volume for the current day
    Exch The listing exchange for the security 
    Bid sz The number of shares in board lots the market is willing to purchase at the bid price. On Canadian markets, one board lot is 100 shares for securities valued over $1.00, 500 shares for securities valued between $0.10 and $1.00, and 1,000 shares for securities valued under $0.10. On U.S. markets, one board lot is 100 shares for all securities. For option orders, one board lot is one option contract
    Ask sz The number of shares in board lots the market is willing to sell at the ask price. On Canadian markets, one board lot is 100 shares for securities valued over $1.00, 500 shares for securities valued between $0.10 and $1.00, and 1,000 shares for securities valued under $0.10. On U.S. markets, one board lot is 100 shares for all securities. For option orders, one board lot is one option contract
    Tick

    A change in the security’s price from the previous trade is represented by an up or down arrow. No change is represented by a dash 
    Open

    The price the security traded at when the markets opened

    Prev close

    The price the security traded at when the markets closed the previous trading day
    Currency The currency of the security
    Last trade The date and time the security was last traded at
    52w high The highest price the security traded at over the past 52 weeks
    52w low The lowest price the security traded at over the past 52 weeks
    Mkt cap The total value of all outstanding shares of the security
    Avg vol The average trade volume over a 3-month period
    Shares The number of shares owned by the public, company officers, and insiders
    EPS Earnings per share: a company's profit divided by its number of common outstanding shares
    Div The distribution of a security’s earnings to shareholders
    Yield The income return on an investment displayed as an annualized percentage
    Ex-date The date on or after which a security is traded without a previously declared dividend or distribution
    Security type Indicates the type of security (e.g., stock, ETF, option)
    Open interest The total number of option contracts that are not closed or delivered for the current day

     

    DIY investing can take a lot of time. Passiv takes care of the tedious tasks of investing so that you can focus more time on your investment strategy, and less on spreadsheets. Passiv is a modern portfolio management tool that lets you automate your portfolio based on your investment strategy.  When you link your Questrade account to Passiv, you get automatically subscribed to their Elite membership for free, unlocking one-click trading, advanced currency handling, and more.

    How does Passiv work?

    Passiv helps you manage your investment portfolio by making it easy to allocate cash, rebalance your portfolio, execute your trades, and invest your deposits & dividends as they become available. Let’s learn more about Passiv and how to get started using it.

    Step 1: Create a Passiv account.

    If you haven’t made a Passiv account yet, you can easily do so by signing up here. You’ll also want to make sure that your Questrade account is fully funded.

    Step 2: Link your Questrade account to Passiv

    connect your account on Passiv

    Once you’ve signed up, you’ll need to authorize Passiv to access your Questrade account. You will see a screen to connect your Passiv account to your Questrade account. Follow the directions to securely link Passiv to your Questrade account.

    Depending on your preferences and goals, you can choose to give Passiv read-only or trade-enabled access to your account. Read-only access permits balance calculations and cash notifications (email notifications are sent by Passiv in batches throughout the day), while trade-enabled access lets you place these calculated trades to balance your portfolio in one click.

    Step 3: Use Passiv’s features to automate your portfolio.

    create model portfolio

    Once you’ve signed up, you’ll need to authorize Passiv to access your Questrade account. You will see a screen to connect your Passiv account to your Questrade account. Follow the directions to securely link Passiv to your Questrade account.

    Depending on your preferences and goals, you can choose to give Passiv read-only or trade-enabled access to your account. Read-only access permits balance calculations and cash notifications (email notifications are sent by Passiv in batches throughout the day), while trade-enabled access lets you place these calculated trades to balance your portfolio in one click.

    Step 4: Sit back and let Passiv do the rest

    Once you’ve completed your settings, Passiv will monitor your investments and tell you when any trades may be needed to bring them back into alignment with your target allocations.

    By default, Passiv is set to only calculate buy trades. This means that when you have new cash in your account (such as from a deposit or a distribution from an investment), it will indicate which assets in your portfolio are currently underweight, and what trade might be ideal to get back to the target allocation. If you’d like to sell assets as part of your rebalancing, you can enable Sell calculations by going to Portfolio Settings and checking the Allow Selling to Rebalance box.

    passiv platform

    Passiv alerts you when new funds are available in your account or when your portfolio is out of alignment with your target allocations These could be because of dividends, a new contribution, an account transfer, or because of market fluctuations. When you get one of these emails, your Passiv dashboard will have calculated trades waiting for you. You can make these trades on the Questrade platform or via Passiv’s One-Click Trades feature. This feature is available to all Passiv Elite subscribers which you get for free when you link your Questrade account.

    To learn more about how to set up and use Passiv, please visit here to watch our webinar.

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