Alright guys

I am new to trading stock and your platform. So I wanted to sell( I know, I know shorting is for pros) a stock.

When I tried to place my order on the confirmation window I had an WARNING which says" Your order exceeds your maximum order amount settings" . Under that I had an opption "Edit maximum order amount " 

I opened the Edit maximum order amount and this is what I see

https://drive.google.com/file/d/0Bz6BcuUKcVpEcWtEeW52NlZ2STQ/view?usp=sharing

So maximum order amount is $10000 and 10% account value are set buy default?

I guest I can't make an order which exceeds 10k. But what is 10% value account?

Why I couldn't place my order which cost 3396.00 and I have 5000 at my paper account ? 

Thanks 

There should be a "Check to accept." note after the warning to allow you to put through the order even though it exceeeds the set maximum.

You can set the Maximum Order Amounts as high as you want in order to avoid this message appearing for future orders.

If you have $5000 in your paper account, then 10% of account value would be $500. This means you would get a warning (but could still put the order through) on orders larger than $500 until you have adjusted the 10% account value to something higher (or until your account increased in value).

Thank you very much Bruce

Great reply. I got the idea. So can I adjust percent value at any percentage I would like ?

Does it show the amount in percent  I can use from my whole $5000 ? 

I appreciate you help

Thanks

Yes, click Trading > Settings and you can set the Maximum Order Amount in dollars or % of account value.