The purpose of this study is to introduce the wave structures and dynamical features of the third-order nonlinear Schr\"{o}dinger equations (TONLSE). We take the original equation and, using the traveling wave transformation, convert it into the appropriate traveling wave system, from which we create a conserved quantity known as the Hamiltonian. The Jacobian elliptic function solution (JEF), the hyperbolic function solution, and the trigonometric function solution are just a few of the optical soliton solutions to the equation that may be found using the complete discrimination system (CDS) of polynomial method (CDSPM) and also transfer the JEF into solitary wave (SW) soltions. It also includes certain dynamic results, such as bifurcation points and critical conditions for solutions, that might be utilized to explore the dynamic features of the equation employing the CDSPM. This method could also be used for qualitative analysis. The qualitative analysis is used to illustrate the equilibrium points and phase potraits of the equation. Phase portraits are visual representations used in dynamical systems to illustrate a system's behaviour through time. They can provide crucial information about a system's stability, periodic behaviour, and the presence of attractors or repellents.