Thinkorswim auto stop loss reddit. The second row is for your stop loss - either $ or %. " Get the Reddit app Scan this QR code to download the app now. 90 cents and not $1. I set a stop loss at $2. Or check it out in the app The unofficial subreddit for thinkorswim®. Then, the limit order to profit needs to be lowered as well. " That should take care of it. The only options are Market, Limit and Stop. Labels (Optional) Settings plot entry; input showEntryTrade = yes; Hello guys, I'd like to know if it's possible to draw prices lines that automatically contain ideal entry point in white, risk level in red (2% below entry point) and profit target in green (10%+ above entry point). That means you might end up closing your position for 10, 100 or even 1000 less that your stop price. I want to set a trailing stop in order to maximize my profits. I want to sell a credit spread and place an order that will buy back the spread if the price of that spread Go to thinkorswim r/thinkorswim For example, If I throw a dart and it lands on 18, I set the auto sell to trigger at 18% profit. I've tried TRG w/bracket with an offset of -0. Its called slippage and its pretty common when using stop orders. Reply reply our community is the best way to get help on Reddit with your questions about investing with I just wanted to see if using an intelligent stop loss is a feasible thing on Think or Swim during the Premarket (4AM EST). Say I buy a stock at $100 Immediately after purchase I set a stop loss of 10% which works fine. They need to be placed very quickly, single click for each, by hand less then . I created a template that does this, the problem is when I sell it creates an order on the opposite side and I have to hit flatten as soon as I sell. For example if the contract costs 1. You can make and save a stop loss order template (or several of them with different stop trigger offsets). The price is the price of the contract and when setting a stop loss it’s at the price of the contract is well. However in that time the market may move significantly against me, so I'd like to do both simultaneously (i. Shouldn't the stop loss trigger even if the stock price falls below where I place the stop loss? My order default "stop type" is set to "STD". In simple terms NO a custom script can not be written. Thanks, I will look into that. Go to thinkorswim r/thinkorswim • by Trader2KG. I am setting a GTC EXT limit order to sell shares and everytime I hit send, it automatically sells and Nov 6, 2020 · I am looking to create a strategy that sets stops automatically below prior High or low of candles rather than risking the traditional $ amount for loss. When I set a stop loss, and the stocks price drops below, the stop loss it does not get triggered. For stop loss whats theoretically better from the following? Welcome to FXGears. Input your stop loss and profit target using different orders So long as you do that, you will never be able to use the Flatten button and will always get that message. My stop loss is set at 8 ticks, is it possible that somehow there's a huge dump and my stop doesn't fill, and now I owe Ninja Trader a huge amount of money? I don't care if I lose the amount I put in, as I'm using it to further my learning, but I don't want to somehow owe like $70K because it dumped like 100 ticks in a minute and my stop loss didn't fill for some I always had issues setting up stop losses on mobile and could use some help especially since the last update. Trailing stop orders can be regarded as dynamical stop loss orders that automatically follow the market price. I’m trying to figure I can’t figure out how to keep the stop loss with both profit orders. The Schwab web site has lots of tutorials on how to use Thinkorswim. Is there a way to set up a pre-set order in Active Trader so that I auto-submit the order a few cents above the ask (without having to manually Skip to main content Open menu Open navigation Go to Reddit Home If I have bought into a position using a bracket order that includes both a profit limit and a stop loss and the trade is going in my favor and I would then like to change the stop loss to a trailing stop and get rid of the profit limit, what is The unofficial subreddit for thinkorswim®. 46K subscribers in the thinkorswim community. Does anyone know a good way to set a stop that wouldn't cancel as a result? My theoretical max loss would be in a situation where my put options are ITM at expiration, then exercised, which would cause me to sell short -800 shares of SPY at the strike price. You can see I have my 5% Trailing Stop Loss Template selected, so if I click on $2. thinkorswim® is owned by TD Ameritrade, I thought I did set a stop loss order for those 4 shares i have selected already but it still is allowing me to override that order and Get the Reddit app Scan this QR code to download the app now. Hypothetically speaking, if I was to enter this position when price is $205, it would sell at $210 and $203, right? $210 being my And I don't believe there is hotkeys for stop loss. I have a stock at the moment that had a Stop Limit (I put the order on the trading ladder). When selling options with a stop order, on the chart I can't move it with mouse. 20 ( that will be . Or check it out in the app stores The unofficial subreddit for thinkorswim®. the consensus is that you'll want to place the stop loss at the point where it invalidates your strategy of I also set a percent limit at 999% and it only went up by like a few cents percentage(I was trying to do an unlimited runner with a trailing stop loss as the "sell limit" on the eventual dip as one of the OCO brackets). The strategy I’ve been working on is cutting my losses right away the moment my breakout prediction was wrong so usually my losses are so small that I can afford to take the market price just to get out of the trade, and also trading highly Go to thinkorswim r/thinkorswim • by Hour_Satisfaction_94. Feb 11, 2021 · My example does not show stop losses, but you'll see where to enter them. I added Fibonacci levels for the take profit guidance and the close of a candle for the stop loss. Estimated Reading Time: 7 minutes. 48 to place a limit order -100 shares. if I add a Buy order with stop loss sell on $9 on Break up signal at $10. You can Algo them but you can't really pretty "market buy" with an automated 1pt tp and 2pt SL. My stop was 2x so $1. I honestly don't know if you can do both at the same time first of all lol . The more sideways a stock is, the less you’d have to play with the program, because the general trend in horizontal. There you can set it up to use templates, that will automatically enter a trailing stop loss when you click-to-open. one that closes out the call and the stock, the stop loss executes immediately after I send the order in, despite the market price being nowhere near my stop price. Once the stop hits you'll get whatever the market will give you. I personally use Active Trade buttons, and there is option for Template where you can choose stop loss & profit target, and option 'Auto send' for quickly get in and get out of the position. Depending on the volume they're trying to stop and how tight they want to be on the price, traders may setup limit stop orders at several nearby price levels to account for small variations in price while filling their sell/buy. Which sucks. 30 to $2. Thanks! It seems it won't work on small caps cos most of the time when I place order and instantly put . An OCO (one-cancels-other) bracket order will set a stop loss order below and a take profit order above your position. 90. 00; automatic stop loss at . From my understanding, moving it with stocks is doable. Right now, I place a market order, and add a stop loss afterwards. TSL or OCO orders can only be placed, after a stock has been purchased, correct? Or can I execute these orders, Can someone help me understand how to set up a trailing stop limit for closing my Iron Condor (IC) credit position? For Example, I get $1 credit for IC, and I want to establish a trailing stop limit so that when it goes to 0. If one gets bought the other acts as a stop loss. just double check once in the beginning right after symbol is loaded into chart. The stop price ratchets up with the stock price, but never goes down. thinkorswim® is owned by TD Ameritrade, which has recently Open menu Open navigation Go to Reddit Home I will start with the Breakeven option. thinkorswim® is owned by TD Ameritrade, which has recently been acquired by Charles Schwab. thinkorswim® is owned by TD Ameritrade, Can't set up auto sell comments. I'm having difficulty finding an answer to this online for thinkorswim. So you have to modify your stop first before trying to exit 1/2 of your position. Stop loss on options didn’t trigger . Order type stop becomes a market order once the stop is hit. I think I understand how Trailing Stop Loss orders, and OCO orders work, but perhaps I am missing something?. I also want to sell half . It's tough with how I'm day trading currently, having to manually set stop losses, then cancel all as the stock moves up and set new limit orders to secure profit, then making a higher stop loss and doing all of this over again if there's another move up. Sometimes, when I set up a stop order to close out my covered calls, i. Q: How do you handle Stop-Loss orders for swing trading outside of the main trading hours and especially overnight. I put a stop to close the spread at 0. Its not just TOS. Discover how stop-loss strategies can protect your investments and increase your returns. If you just set a stop limit order then the price can crash through your stop and you're still left holding the option. 406. 5% stop loss its View community ranking In the Top 5% of largest communities on Reddit. Rather, there may be many customer support related issues if they choose to implement it. For shares that you already have you can just go to the monitor tab, right click on the shares and use the same settings to set up a stop loss. I Aug 28, 2023 · In this video, we'll demonstrate how to create trailing stop and trailing stop limit orders on the thinkorswim® desktop platform. Does anyone know if/how it's possible to have a stop loss and a stop limit order at the same time. Does anyone know of a simple technique to program a stop condition that would activate only if the condition (such as price > a certain bid) is satisfied at a perfect 1 minute timespan (so, would activate if the the price > the stop at 10:00:00 or 10:01:00, but not if the price was > stop at 10:00:29)? 1st triggers OCO order. In other words it’s acting like a stop loss. I created a bracket order set template with a stop-loss order of -$2. Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars; The unofficial subreddit for thinkorswim®. For example, if Stock A is at $1 and I setup a trailing stop order with a . But I don't want one to cancel the other. However, I may buy two more at . com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and I've been playing around with a credit spread strategy with a stop loss for when the market blows through my short. So an example would be that right after I buy a call, TOS would automatically place an advanced sell order for me. Set the first limit order as a sell price, make sure it's set TIF as GTC (time in force as 'good till close'). But, when I try to put in these two orders, I can only have one of the two in place at any one time, based on my understanding of Fidelity's system. When I buy in a stock, I place a stop loss under the price I bought at. To create a stop loss, place an order with type stop or stop limit. Then send a Sell order for 100 shares using a stop limit triggered at 10. sooo I guess I got sorta lucky, but not. When I do, I get a message "Stop price must be above current ask or buy stop orders and below the bid for sell stop orders. Display options stop loss on chart with movable slider . Of course you can. The indicator includes short, medium, and long length of trend lines. Is there anyway to see the corresponding price of a stock when placing a stop loss in active trader for an options contract. 90 which I moved up to 11. Trading options, is there a way to set a stop loss by clicking on the price action graph? I know how to set the stop loss when buying the option in active trader and how to do it from the trade/option chain screen but I would like to be able to be looking at the price action and setting my stop loss using that graph. The take-profit sells half the position if hit and moves the stop loss on the rest of the position to my original entry price Is it possible to script complicated custom order types like this? There is no auto break even But it would be possible to create a study to draw your stop loss on the chart and/or trigger an alert. At one point the stock price down to $99, then I manually sell the stock. Get app Get the Reddit app Log In Log in to Reddit. I watched MSFT continue to drop and the market price for my spread to be all the way up to 0. 52 I can make my stop loss 1. I almost never do so my example doesn't show it. 20 minutes later the stop order filled out of nowhere, the price never touched 1. Is there a way to do a trailing stop loss based on say -10 or -20% of the price the option was purchased at and include this in the advanced order OCO ticket I create at the time of creation? Hello I am new to options and using think or swim I have read about stop losses and stop limits and how to use them, however I only know how to price them in terms of the price of the contract. 96 after it filled(I sometimes use larger SL bc Ive noticed getting in with a tighter SL sometimes can get triggered within few secs after just getting filled) using the active trader ladder that I have saved templates (buy 1 share with whatever stop loss I want to use;I have them at Get the Reddit app Scan this QR code to download the app now. It’s not a technical issue. The bid/ask spread can be dollars wide on an option. i. I think your suggestion might be part of that but there's an issue where if you have auto send on, I think it just defaults to selling at market price and if you uncheck it, you have to fill out a whole order manually which defeats the purpose. 85, then depending on order priority and how many shares are printed at each price, you might not get filled till say $9. When the price moves upward I try to drag the stop loss up as the price moves. 20 AND GET THIS it filled for $. The red "X" in the Active Trader window is where I have my mouse hovering over. I've set up my equities to all have around a 15ish% trailing stop loss. How would I achieve this? Note it's not the conventional "trailing stop loss" order because current price is below the price I'd like to trigger the trailing stop at. Learn how to set up a trail stop alert on thinkorswim, a popular trading platform. If you're talking about options, your sell price couple be far lower than your stop. Here's a simple Cost-Basis Study anyone can add that shows your entry price on the chart, manually. Not sure this cam actually be done. Hi all. My entries are based on a dollar stop-loss, so I don't understand what do you mean by 'MEANINGFUL' your second point is what I'm looking for, although it's much harder for active traders however it's much cheaper than thinking that you are entering 50 shares rather than 500 from a previous trade. If I set a trailing stop loss on a trade, The unofficial subreddit for thinkorswim®. Place a market order, with a stop loss, at the exact same time. Skip to main content. It is a pain to figure it out too since you have to dig out the regulations on the Net, the calculation has to know into which category the stock falls, you hope the definition you got is correct, and the definitions you get from the Net are not written in a very clear language. I use Think or Swim for trading both stocks and options. I place these orders in the chart trader. How do you set up a sell order on an option based on the price of the underlying ie I have sold put of Bidu at $90 and I want to put in a sop loss Skip to main content Open menu Open navigation Go to Reddit Home Trailing Stop Loss/Buying Stop Loss So I seem to be having trouble with setting up a TSL so I am curious of how it looks or what I am doing wrong. Today we’ll be doing a full step by step tutorial on how to place stop loss orders within thinkorswim. Before being acquired by Charles Schwab, TD Ameritrade was an American online broker based in Omaha, Nebraska, that grew rapidly through acquisition to become the 746th-largest U. You simply just drag your stop order around. Thinkscript to auto plot Fibonacci retracement line based on prior day One thing you can use is a trailing stop. 50 or higher. you’re in where many people are getting out at their stop loss so I’d assume it’d go against you more Auto stop limit order I want a 10% stop order created automatically whenever I buy an option via active trader. (would be a little timesaver). com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, I am new to Thinkorswim, and am wondering if there is a way to do this automatally on the open as I usually have 20 to 30 positions to manage, and Skip to main content Open menu Open navigation Go to Reddit Home 1st Trigger + OCO Stop Loss What I am wanting to do is have a Option purchased, and then when it reaches 30% profit, set a trailing stop 20%, the 30% profit (guarantee worst case scneario of 0-10% profit). The unofficial subreddit for thinkorSwim. 75. I'm using Thinkorswim as a platform and for my stop losses, I set up it as below: - Set Stop order at 3. Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars; Does anyone know how to create a stop loss order in thinkorswim web app? Would be particularly interested if anyone know how to do that before buying Share Add a Comment. I've been day trading options on TOS for awhile, but have always wondered if there was a way to have TOS automatically place an advanced sell order (OCO) (for both a limit sell and stop-loss) as soon as I enter a position. Just be mindful when you're coming up to those points where it may reverse. The Quick on chart buy and sell buttons are a great feature but expose you to unlimited risk unless they also come with automatic stop loss and take Skip to main content Open menu Open navigation Go to Reddit Home take-profit for 10% above the fill price ($110), and another stop-loss 10% below the fill price ($90). Once the bid on the option hits 19. So I am trying to set a trailing stop loss so that for instance I buy a stock at $3. For some reason TOS is not giving me the option using a trailing stop loss. 00. thinkorswim® is owned by TD Ameritrade, If so that’s the easiest way to set the auto stop loss of . Automated trading strategies for stop loss and take profit don't really exist in TV. I just uncheck the opposite side from the stop or leave the bracket with both a sell and a buy in Once you have spread off your position your max loss is set in stone. I buy an option at 1. If they are a STOP, and not a STOP LIMIT or if the LIMIT part of the STOP LIMIT is the same price or close to the trigger, you could get all of these to fill at the same time (as they did). With auto-send on, simply hold the control key when clicking on the AT price ladder - it will place a limit, not a stop order, for the price. It's not rocket science: P/L Day is the Qty * Mrk Chng, P/L % is from the trade open of your currently held shares. you should 100% be able to set a GTC EXT market stop loss. Add the template drop down to Active Trader Jul 8, 2020 · Like after a filled market order, it automatically sets your stop loss to one tick below and take profit/limit order to three ticks above? Apr 23, 2021 · Stop loss keeps getting triggered automatically in afterhours. Remember to change it to GTC instead of day. I usually do pretty quick trades and I could just cancel the stop loss then make decisions at that point but I was wondering if there's any way to keep the emergency stop loss there in case it is a super volatile stock. The TP & SL can each be set to either an amount or percentage, and your SL can be set or trailing. The unofficial subreddit for thinkorswim®. I use it to buy a stock at $100. What a Breakeven option does it will move your Stop Loss to a breakeven point when a trade is in profit. I trade credit spreads quite frequently. ADMIN MOD Setting stop loss on options . reReddit: Top posts of November 30, 2022. I am trying to figure out how the trailing stop works on Binance. I’m setting my trailing stop loss and it appears not to adjust up to follow the gains. The bad news is that stop orders aren't good to use with options. 10 where I sold, which means after selling I have to Turn on brackets and set the Stop Loss you want. - Also I have a question regarding mental stop loss when it comes to swing trades. Trying to figure out how to add 20% take profit as well to OCO advanced order template. 2. Stop loss of 30% would be $10 - A "market stop loss" is not visible, but a limit stop is, since it's just a limit buy or sell order. trixytrot555 . I am just starting out and configuring the platform. There is no auto break even setting. Since we cannot use market stop loss orders, I was wondering if this is possible: I send a Buy order for 100 shares of Corz at $11. I also want this all to happen while the "Auto Send" box on the Active Trader tab is checked so that the entire process is expedient and I My understanding of the Trailing Stop Limit Order is that the Limit Price is the price level of the limit order that is submitted when the stop is triggered, and not the trigger price of the stop. 3 second. Whenever I use the quick buy buttons in the "Active Trader" window, I get notification boxes that pop up whenever the order has been filled or rejected. How I was thinking of doing it on the mobile app was through (see attached). The only things I can come up with when it comes to overnight period would be buying a PUT option to limit the maximum loss of the position. And so I'm guessing that at some point after you noted the WAIT STOP status, the option price experienced a pull back of 10% to trigger the stop. 50 and you put in a Sell Limit order at $9 then it would sell as soon as possible at a price greater than $9 which your $9. Edit- but the trailing stop would need to cancel the stop loss. Go to thinkorswim r/thinkorswim • by Worldofmeb. I bought 1 share SQQQ at $12. $100) Aug 28, 2023 · How to open a position and attach a sell stop order, how to attach a sell stop order to an existing position, and, finally, how to adjust your price once you have a Oct 3, 2020 · Is there a way to set up this order as a template in Thinkorswim? 3 profit targets: 50% of shares at 1R, 25% at 2R, 25% at 3R 2 stop losses: 1st stop loss at 1R. This article reviews three key research studies Aug 4, 2021 · You can't auto trade, but you can set stop loss, and conditional orders on stocks or options the same Jun 10, 2021 · Hi guys so as the title says I am looking to place an order with both a stop loss and a take profit so I don’t have to micromanage my trades while I work all day. I also want to move the stop loss to breakeven when the first half is sold at 5% profit. The contract in the screenshot is the SPY APR7 400C. How to make this alert sound stop ringing every time I open the application? This seems like a bug to me. I initially put an OCO order ej: buy 10 shares. I've been very glad I've moved up my stop loss. 85. 75 for -100 shares. I've used the TRG with bracket on occasion when I've had to leave my computer. Members Online. Make sure you have GTC set for the loss. [Stop loss sell everything at market at 5% below my trigger price] when I think something will make a decent run. I've purchased Jan 7, 2019 · This is a free indicator for ThinkorSwim that will automatically draw trend lines on your trading charts. I basically just want to execute an options CALL that buys at market, then sets 1st take profit at 15%, 2nd take profit at 20%, and a sell limit stop loss at -10%. Hit "confirm" and "send. I don't think there is a setting to change this, but once you get in the habit of doing it, it's pretty easy. but I’d also like to have a Stop at $7, and want to exit the position at market pricing if I’m still holding at 2pm cents are off. for example send out a market buy and a stop loss that trails the price I'm filled at by 10 cents) TOS doesn't have it natively. 62, I would be setting a limit order buy, and if it filled, it would automatically set my Trailing Stop Limit at $2. If you do set a stop, make sure you're trading something very liquid or else you're going to Setting stop-loss based on price (options) for eg, im in a long options position and i wanna set a stop loss to close my position when the market price of the stock hits a certain price, is it possible? and what type of stop loss order should i place? Get the Reddit app Scan this QR code to download the app now. Did TOS Remove Trailing Stop Loss by Percentage This Week (on Mobile)?! This is the ONLY way I've bought and sold shares since I began using TOS five years ago. Setting a stop loss . When I purchase an option contract and if it hits my stop loss, it will trigger the stop loss, but if it goes above my target price it’ll trigger the sell. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. You will now have a buy order, with a 10% Limit target and a 10% stop loss target. If you still need a stop loss for a spread I would argue In the Active Trader tab, enable the Active Trader gadget. I’d also be interested in knowing if there’s a way for me to see the day high/low price of an option contract. 10 behind so I could ensure the issue was not me putting it outside the view while watching in the trade view box. To summarize: I want both triggered and bid together for my stop loss, like I want my stop loss to be linked to trig -1% so that it puts the stop loss as soon as my order is triggered but at the same time I want it to also be linked to bid, so that if my stop is rejected because -1% is too tight cos the spread is large then have it linked to The unofficial subreddit for thinkorswim®. 44. 70 it will sell but if it goes to $4. 22K views 2 years ago #optionstrading #daytrading Nov 20, 2019 · Using Think Or Swim, is there a way to create a Buy Order for a stock with a stop and simultaneously create a sell order with a stop loss that only gets triggered if 2022 Jul 19. If it falls only 1%, nothing happens. I'd love to be able to create a shortcut for an OCO order with a stop loss and stop limit. 12. We’ll be specifically going through the steps of adding a stop Today we’ll be going through how to set a stop loss on ThinkorSwim. Members Online • bergmana17. Make sure to switch "DAY" to "GTC" so you don't have to re-enter again when the market closes. Here's how to do the pre-made conditionals: Apr 6, 2024 · Yes and yes. " Obviously you want to change the limit and stop prices to where you want them. Stop loss won't flatted? I paper, I set up bracket ordwrs with a stop loss and sell limits bases on percentages. Is there a way to code that? Thanks I am new to reddit and tos so please be bare with me lol I have been trying to figure out how to activate a stop loss and a trailing stop at the same time. This is the Reddit community for EV owners and enthusiasts. I buy, say 100 shares at $10, then I set a stop order at 9. It seems that the order confirmation was so slow for the buy, that by the time the stop loss was submitting, the price has already dropped below my target and the sell order was rejected. Is it possible to place a stop loss or trailing stop based off a study? Instead of a trailing stop like a percentage or dollar amount, I would like to set a stop loss to action once the price crosses over an EMA. Edit: If my default order type is Limit, then it is nothing to do with STOP, so How to set stop loss after hours, I'm having trouble figuring out how to do this. Set a limit order for 20 points with a conditional order on the option itself if the bid is 19. one profit/stop, two, three etc) upon filling the order, regardless of your execution type, it will place your stop loss and profit taker right afterward. Join and Discuss evolving technology, new entrants, charging infrastructure, government policy, and the ins and outs of EV ownership right here. Because it's one order TRIGGERS another, when you click to buy, Have the auto send/submit button checked. 45K subscribers in the thinkorswim community. 00 with an execution I use a trigger -3% automatic stop loss on most of my trades and instead of dragging the stop loss to my initial purchase price, I would like to simply just click on a button that automatically does this. You can even do fancy things like scaling out of a trade using "TRG w/2 brackets" to sell half your stock at one point and the other half at a different point, and each half can have its own stop loss/trailing stop. In thinkorswim, you can either set a stop order or an OCO bracket order. Hey, I'm trying to figure out when entering a trade from market or limit order, how to set up an automatic stop loss. It’s quite annoying, especially since it takes so many steps to modify an order. 49K subscribers in the thinkorswim community. Join the discussion and share your tips with other users on Reddit. LULD calculation is a pretty complicated one. Yes, it is a bracket order set. Sep 6, 2019 · I'm looking for a position sizing calculator for ThinkorSwim that can calculate how many shares I can buy and define my risk level with stop losses. Or check it out in the app stores Learn how to set a stop loss order that works for both regular and extended trading hours on thinkorswim platform. I only get Market Limit Stop and StopLimit from the drop down. Hotkey to enter stop loss? Is there a key you can set to enter stop loss when your in middle of the trade without going through the whole sell than change order type etc . Let's say I buy 10 options and want to sell half if it goes up by 50% and the other half if it goes up by another 30% after that. 50 (eg was willing to lose $250 on the position), but TOS triggered the stop loss when the value of the short position hit $2. Is there a column that can be added which tells you stock price too (didn’t find one if there is)? Hi all, I'm newer to the TOS platform, and trading, but have been doing my best to do my DD and understand as much as I can. I’m using OnDemand to backtest and practice entry exits etc. 85! Like wtf. Yesterday I bought calls on FSLR and calculated a 30% loss then entered that as a stop order. Order type stop limit becomes a limit order. Sometimes I would use flatten to get out quickly. I personally like using them for AT. The Net Liquidating Value difference from yesterday is what you made today. 90 without my stop executing. 05. I found this code while exploring this topic on Research Trade. For example. Here is one on creating stop orders. Adam Options. ADMIN MOD Stop Loss Order on a Credit Spread . 05 but that’s a really tight stop loss Trailing take profit (or trailing stop loss), activated only when SQ goes up 3%, with a trailing offset of -1% Stop loss at -3% of market price at buy Basically what this would do, is if after I buy, the stock price can fall up to 3% before my stop loss is activated and sells. If you don't want to cancel your stop loss first then the only other way is to create a One Closes Other order as a take profit WITH (at the same time) as your stop loss. hotkey would be better Because I want to do a buy to open limit order, and then initiate a trail stop, I do a buy to open and “create advance order” and “1st triggers sequence” with the 1st being the buy to open and then the trail stop to sell (when I submit them, they are done simultaneouslymeaning if the mark price fell to my trail stop amount it would auto Get the Reddit app Scan this QR code to download the app now. Need a little help with creating a custom order for the first time. The chat window has been read and closed a dozen times but every time I open TOS, I have to see the headset icon flash and hear the alert sound again, as if there are unread messages in the closed chat. Setting stop losses on credit spreads is a losers game for 2 reasons. I encourage everyone to have a dart board set up near their investing station. By leaving the stop loss in place, this would be the same as creating a new order to sell to open when you don't have anything to sell. If you are doing a STOP (not stop limit) and price is triggering the stop and you are not selling (and not happy) they you are trading too high a quantity for the liquidity and volatility of your chosen stock. Top Posts Reddit . 50 it activates and if it goes back up . 10 below my triggered buy price, so it would be 10 cents beneath regardless of the buy execution price. 1. 50 rather than the value of the entire spread. Just periodically sell on the way up is this possible while also having my stop loss in place? I can't find a way to do it. This will not adjust for stock splits, dividends, or return of capital distributions (unless you enter that manually). I will try to explain this the best I can. e. 10 cent trailing stop loss, the order under order history will show the stop price as . When these orders stop being executed; I would know it’s time to re-evaluate the new general trend position, change the limits accordingly, and reset the program. I want to sell shares but also keep my stop loss incase those ridiculous stop losses happen, and stock gets knifed hard. How to set stop loss order for options depending on the stock price (not contract price) on (This triggers a trailing stop?) 50% trailing stop on last 25% pos I was looking into conditional orders - thinking that I could just make three separate conditional orders based on these parameters, but would like to know if there is a better way to do this. If you are trading options, don't use stops at all. So that it sells once it hits my target point or if falls below my stop loss without me having to I set my stop loss price to be -$0. If you can't tolerate the max loss your spread is giving you just adjust it until you are comfortable with it. Get the Reddit app Scan this QR code to download the app now. Does anyone have suggestions as to how to do it? For example: Enter at 3900 with stop at 3890. In your preferences, you can set these templates to be persistent, or reset after use. I have never used stop loss before and was interested in adding it to my trading strategy but testing it before I do. I would suggest widening your stop and testing it so you can see the order on the active trader and visualize what's happening. Orders sometimes entered shitting my pants😂I lost 22$ on the first one and made 10$ on the second one 🤦‍♂️ good thing I have an auto stop loss order placed every time I enter a trade Hello, I am trying to use ThinkorSwim for day trading. Vega. In the Active Trader pane, you can click on the Template button to choose various types of branching/OCO orders. It used to only happen occasionally, but I brushed it off as no big deal. When Schwab gets around to fixing the thinkScript Portfolio commands interface to the Yep. Please use our Discord server instead of supporting a company that acts against its users and unpaid moderators. when i desire I kind of found a way to do something similar via adjusted stop order attached to parent order, but that happens automatically in a marginal price movement, and i would like to use a hotkey for this to be done quickly. I was planning to start trading on TOS, but I was wondering if I were to used a trailing stop loss to trade options while I'm up, does it means Skip to main content Open menu Open navigation Go to Reddit Home Trying to figure out how to create option sell order take profit 20% using thinkorswim order entry tools. And sometimes there are a lot of stop losses behind it; and the stock can Go to thinkorswim r/thinkorswim • by JoshuaACNewman. The STOP is where it triggers, and the LIMIT should be the most you're willing to lose. You can just enter your orders and let the Sep 7, 2024 · Hi all, I was looking for a way to quickly get into trades (by way of market order or limit) where I have a specific max loss amount (e. But want to trigger a trailing stop order once RDBX hits $5 (because I anticipate that it will reject that level and want some protection at that point) with a 30 cent trailing. Hello! I am having trouble figuring how/if you can move your stop orders with your mouse on thinkorswim app on desktop. But you can’t put an order in going the same direction as your stop loss if your stop loss is covering your entire position. 5 times premium loss for both put and call side (Basically, I'm setting two stop losses on each side) I wanted to set up a trailing stop loss on ToS web client but didn't see any option to do so, thinkorswim® is owned by TD Ameritrade, Reddit is dying due to terrible leadership from CEO /u/spez. S. then : sell limit 5 shares and SL market 10 shares. The stop loss triggered closing out the position then this morning the other order was still open and it filled causing even more loss. Each time I do, it asks if I want to "confirm and resend. yet, a possible hot key? I think they mean to say after placing a buy, they want to right click on the chart at a price level to place a stop limit quickly. Yea you’re right, I’m thinking of using it more as just a backup for really quick moves but in general manually exiting trades. Buying or selling. But I am not canceling one. So you’d need an advanced order OCO with a conditional order leg. 00 with a stop loss at $11. View community ranking In the Top 5% of largest communities on Reddit. A stop converts to a market order in either direction. Or The unofficial subreddit for thinkorswim®. you can also click on auto-send so confirmation doesn't pop Depending on your analysis And location of the trade, your analysis is either wrong or market is stop-loss hunting, full stop on 2 lots; or your idea was correct, 1st lot gets you risk neutral and you have a free trade. Use the drop down (order type tab) to pick which one you want (I. I've had cases where I tried to move a stop up and where I moved to it is now out of range and get a Ka-Dunk! Rejected order. Is it possible to display your options stop loss on a chart so that you can slide it as the price moves up/down like Go to thinkorswim r/thinkorswim • by ab_882. Where and how do you set your stops? I was wondering if there was a way to set a stop loss for all open positions. This is my third day trading like this and I noticed that I always get my stop loss triggered on the short leg (set at 3x premium), but am having trouble understanding why. I think this should be possible with OCO orders but I can't seem to get the logic straight in my head. You don't have to initiate the order in the Active Trade Ladder, you can open the Order Confirmation Dialog box by hitting "sell" or "sell market" (only if auto send is off). 70 ), it submits a closing order. Twice now, I’ve thought I was setting a stop loss, only to have sale trigger Is there a hotkey to change the order to a stop loss when you are in the active trader section and placing an order at a specific price, Get the Reddit app Scan this QR code to download the app now. Go to thinkorswim r/thinkorswim • by anthonymunoz10. That's the good news. Try using TRG orders as they work pretty well and are a solution that allows you to ignore stop loss and get out now. So it makes no sense in this situation to display a max loss at all. thinkorswim® is owned by TD Ameritrade, Welcome to FXGears. So if the stock is selling around $9. The option value then fell 50% (below my our community is the best way to get help on Reddit with your questions about Adjusting my sale price or stop loss. Does it mean if I leave it like that and price swings back and reaches point where I set stop loss, will it trigger it and buy it again? In this video he was able to move the stop loss and target freely (in the active trader ladder AND on the chart) BUT when I go to do this, after entering the trade, I use the same technique but I am unable to move my stop loss and target around, they are locked in You wanted a price type of stop on quote, what you did is set the minimum price you would except. Since the original stop loss order for 50 shares is still in place, it will not let me sell the 25 shares. I'm not even sure is STD is the cause of this. I want these stops to move automatically to flat once they hit the trigger instead of me doing it. Simple as that. 10, the stop price will still show . If Stock A goes up to $1. Expand user menu Open settings menu. If I have a stop loss set for say 100 shares, and I sell 10 shares above the stop, it forces me to cancel the stop and I have to replace the order. 80 in case MSFT moved too much against me. Setting stop loss . See more posts like this in r/thinkorswim. 00 if it drops $. firm in 2008. 48 sales is. ***BONUS*** - before you send the order, click on the disc icon next to the "DELETE" button, and you can save this order as a template you can use for future entries. If you want to get all fancy, you can do a "TRG w/bracket" that will simultaneously let you put in a buy (or short-sell) order, take-profit point, and stop loss point all at once. Now you can move it with a left click. It has made me millions. I wouldn't advise using either of these strategies. I am just starting to explore this functionality, apologies for the new-user question. When setting a stop loss, if the stop is set for say $10, but the stock drops quickly to $9. Then can move them with speed to grab any range movement. Nexo is the world’s leading regulated digital assets institution. What I want to do is save an order template that I can use with any stock that will automatically place a stop order at, let's say, $3 or 5% of So the portfolio functions don't work for ThinkScript in a conditional order. g. The company's mission is to maximize the value and utility of digital assets through our comprehensive product suite including advanced trading solutions, liquidity aggregation, tax-efficient asset-backed credit lines, a high-yield Earn Interest product, as well as the Nexo Platform and Nexo Wallet I'm doing 0 DTE SPX Iron Condor and trying to set up stop losses. But I'm still looking at this right now as I find this interesting. Of a zone. For instance, I want to trade a stock and set a tight stop loss, while also setting a limit order at my profit target. Need to know how to put a stop loss on my tos strategy. The price increases to 20 and then starts to decrease, price drops by 2% from 20 so I expect it to sell at 19,6 (2% lower than 20). With "auto send" on, you can do this and drag orders around the ladder all you want and it makes it really fast and easy. 85; which means I'm down $15, but now I have a position of 3 contracts, which means the stop needs to be raised to about . 43. Does anyone know if we are unable to set a stop loss for future options trades and what’s your workaround or do you sit and stare at the screen with your finger on the execute button in case the trend reverses? Let me know, thanks for your help. After you buy it'll pop up that bubble in this graph. There isn't an option to do a Stop Market order. Is it possible to create a ThinkScript button for this? And better. Could someone help figure out how to enter an options trade with a take profit/stop loss all in one order? Any other tips/tricks to use while trading on an iPad Pro would be greatly appreciated. 50 its going to send the limit at 20. Hello Does anyone know how to set a trailing stop loss on the web version? I don’t see the option to do this. subscribers . thinkorswim® is owned by TD Ameritrade, which has recently This may be a dumb question so I'm sorry in advance for wasting time. This Ndax Reddit Community is a group where users can discuss features Hey y'all, I just wanted to ask, specifically for day trading and scalping, what are the crucial hotkeys you should have bound? Currently I have "Cancel Sell" and "Cancel All," and considering linking one to "Sell Mrkt" (which I know can lead to slippage, but for those moments where you want to sell as fast as possible), but I wanted to know what you all Aquí nos gustaría mostrarte una descripción, pero el sitio web que estás mirando no lo permite. Can you set up a Stop Loss order while you are entering a Buy Stop order? or do you have to wait for your Buy Stop to fill then enter the Stop Loss The unofficial subreddit for thinkorswim®. In this situation, if SPY moons 100% on the next day, or higher, my max loss could be infinite. thinkorswim® is owned by TD Ameritrade, Let’s say you want to buy ES at 3600 and take profit at 10 points but set a stop loss at 5 points. Adding to this, if you click the link icon on your stop loss or take profit orders, you can change it to execute your sell order at a specific percentage, increment etc instead of having to toggle the limit price up or down. ADMIN MOD Trailing stop loss - TOS Web . our community is the best way to get help on Reddit with your questions about investing with However I can not see where to set a default % stop loss for it so it auto fills that. Same thing with a STOP LIMIT order. I currently have the -15% trailing stop set up for my auto call or put sell orders. As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. 2 but filled at 0. Thinkorswim is owned by TD Ameritrade, which has recently As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. . My stops are based on a breakthrough. And will fill at the next available price. There doesn't appear to be a way to automate it with a % or shortcut it. A trailing stop is not a limit order, it's a market order. I only see: limit Reddit's #1 spot I am trying to find a way to quickly change my already setup stop loss to break even, preferrably by a hotkey. Also includes visual and audio Jan 2, 2022 · I'm trying to use the low of my entry bar as a stop loss in a strategy, but I can't seem to get it to work. 5 times premium so I can exit at 2. The reason this option is desirable is because once a trade is in a profit the Breakeven feature will place the Stop Loss automatically to a spot where you will not lose any funds if prices turn Hi, I am a relatively new options trader practicing 0DTE SPX Iron Condor with 1 contract, trying to understand how things work. 50 so I click in the AT Ask cell for 10. Here's what I have setup for /ES futures: Active Trader Screenshot. Now the stop-loss selling order is still there waiting for the condition to be met. For example, if I opened 0dte credit spread position and set btc order and stop loss, when the price moves away and btc order gets filled I noticed stop loss position is still there if I don't close it. New to thinkorswim, and just wondering if there’s a way to do what I’m thinking. 90 cents. 82 for all the contracts instead of . P/L Open on the Home Screen matches the sum of all the individual P/L Opens. You can use these orders to protect your open position: when the market price reaches a certain critical value (stop price), the trailing stop order becomes a market order to close that position. I get that pre-market is more volatile, (SPACS), Units, Warrants and the best DD on Reddit. reReddit: Top posts of January 1, 2022. Would it be Jun 28, 2023 · Here is a stop-loss and take-profit tool. however when the sell limit order was activated ( when I took partial profits ) I also lost he stop loss . It's not trailing but a hard stop. Reddit . Position moves to 3910. The tos person I was chatting with said the order triggered at $1. In this case I think you can just do your stop order and a conditional order for the trailing stop to be placed upon a price trigger at your initial target. e. 0 Skip to main content Open menu Open navigation Go to Reddit Home Get app Get the Reddit app Log In Log in to Reddit. When price moves your way, drag the stop loss to break even. Stop loss after hours? Will stop losses work in afterhours? I see people saying on stocktwits that they stopped out after hours but I was under the impression that stop losses only work when the market is open Share I cannot set the price level with a stop limit because, my entry price was using a market order, so I wouldn’t know what it is until it’s triggered. Our founders and team read every post, so please be respectful and let's have constructive conversations. I was toying around with sell if a condition was met, but have been unsuccessful. This is a community for requesting new features, helping others, and asking questions about TradingView. Stop loss w/ Trim levels . Does anyone know if there's a hotkey to move your stop-loss to breakeven once you are in the trade Turn on Auto Send if you want to get rid of the and empowering Canadians to buy, sell, trade and earn more from their digital assets, wherever they go. is there a way to avoid this or ideally automatically adjust the SL to the remaining shares after having taken partial profits ? It still works, but would be nice to see what the current trigger is sitting at. 75, profit at 1. You can’t do a stop loss but you can do a pseudo stop: Lets say you sold an option for 10 points and want a stop at 20. As u/OptionsMillionaire has suggested many times, you should absolutely be placing stop orders when you enter a trade. /r/GuildWars2 is the primary community for Guild Wars 2 on Reddit. It works with any timeframes. 20. For now though, what happens to my stop-loss I originally set if I scale out of my position a little bit? Does the stop-loss stay at the price I set it at with 1000 shares or does it disappear and I need to set a new stop loss OR does it automatically adjust my stop-loss to compensate for the shares I scaled out? I'm using the desktop version of ThinkorSwim. Is there any way for a strategy to save the low of the day/bar How to Create Automatic Stop Loss & Profit Taking on ThinkorSwim. The order gets rejected because it says I'll be oversold. Today I put the trailing stop . tell it to place a stop loss 5% down from where it is, and that stop will move up in lockstep as the stock makes new highs. I don't know how to TOS allows you to set a stop based on the option, the stock or even the greeks. 68K subscribers. I opened a put credit spread on MSFT this morning at 0. For some reason my stop orders are not being executed during paper trading on FX. If volatility expands you could get triggered even though the underlying market price doesn’t move and is still a ways away from your strike before theta has a chance to do its thing For example, my /ES stop is typically -10, and then when my position moves +10 on the entry point I move the stop to flat. What you are trying to do is possible through the TDA API but that would require a developer to build you a new application and it would need to be hosted somewhere. Setting an OCO Bracket/Stop Order. I have to cancel the stop order to set the From this you can set it how you like, for example if you want to cut your loss at 15% toggle to the % and change it to -15. Here is the updated Advanced Cost-Basis Study with more functionality. Trailing Stop-Loss question. I watch the stock and say it's up to 10. Hi. For example, suppose ToS automatically sends market sell orders for all securities in your portfolio when you fall 10% from your peak. How can I set up trades that cancel after a stop loss is triggered? I know on the web you can set up before going in, but how on mobile can I make it so these orders auto close out after stop loss? Change one of them to "stop. is there a post on this thread that specifically shows how to set stop loss on spreads on TOS? What might help is checking the level II to see if there are any bids against a break that would give you a bit of a reason to see that kind of movement but then again with enough resistance it could reverse the move altogether anyway, and then well. Clicking the word "Mark" on the Order Editor screen used to bring up Last, Bid, Ask, and % (If I remember back to last week). 10 with order at stop (only 1 enabled) and it works for the stop loss, but when I try to market order sell a trade it will set an automatic buy order +0. Once you’ve identified the name you’d like to set the stop loss on, right click on the chart and Jan 26, 2023 · Can you automate your stop loss in Think or swim? Let’s say I want an automatic stop loss on each option trade Jul 5, 2020 · You can set up conditional orders in Thinkorswim that will fill automatically when certain pre-defined conditions are met. Let’s say my Activation price is 10 with a Delta of 2%. " Well YES (doyyy!) That's why I had it on autosend in the first place! Sometimes the price drops below where I want a stop-loss and end up in a bad loss thanks to this stupid pop-up! Any way to get rid of it? I can't find anything. What I am wanting to do is make it to where my stock "F" will auto sell IF it drops, 20 cents from the highest price. the stop loss was not triggered and then on 2nd breakup signal at $20, I add another buy order, at this time I want to cancel the first stop loss order at $9, and replace with a new stop loss order at $18 with qty of 2. Members Online • chrisj333 . zfcuxmo fdyk uro pmfoqju fbmqkvm uep fipqdq fzj jtpl lzepw