I am new to Webull from UK 🇬🇧 and trying to learn how it works? Your videos are great resource to start learning and you won me as subscriber 😊 God bless you sister ❤
Hi, Thanks for the video. Very informative! However, I would like to know when and how does the set up get triggered for the purchase of the order? Thanks for your response in advanced.
So the position sizing tool is kinda like a visual guide for your trading strategy. Once you've got that laid out, you can then put in a stop-limit order that matches up with the risk/reward (RR) stuff you see on the tool. Just a heads up though, it's more about getting a clearer picture of your plan than. Use a Stop or Limit order for automated triggers.
Thanks for the upload. This was right on time. I don’t see Charts, Options, News on the top of my screen. I have the web version. Does it have to be on the desktop version?
You'll get to this by customizing your Webull layout. So on the same screen, you see your chart in, in the top right-hand corner there's going to be a hamburger-looking menu. Click that and select add widget. Here you go through these lists and add the different options, news, and whatever else you wanna add to your layout.
Hey! Glad you liked the video! So, the tool I showed is a desktop-only thing on Webull. But if you're on your phone, you can still get to something similar by checking out Trading View. It should have the features you're looking for. Hope that helps you out!
I have a very important question. once a"call" or put goes in, can you still stop the trade immediately if your losing money or would you have to leave it how you set it?🤔
Yes you definitely can! You can close out immediately if needed or anytime during the trade. To close more quickly you’ll want to do a market order or set your limit price closer to the Bid. We’ve all had those times where you enter a trade, let’s say meaning for it to be a call and accidentally open a put. Hopefully with minimal loss on the close ❤️
@@BlackGirlStocks yes I had no idea how I bought a put instead of a call. i panicked and i had to figure out how to close the put! Are you still using Tiblio as a stock screener? Since I just watched a video you put up 2 years ago on Tiblio. Thanks!
@@BlackGirlStocks hi something happened on Fidelity, but I'm switching to webull or ninjatrader now. Because I put limit order to sell, and Fidelity bought the call higher than the market price! It was very weird. Fidelity also lagged behind the current price on Robinhood showing 5.50 and Fidelity 5.40. Also it was slow and laggy. That's why I need to switch.
I can't seem to find the tool on Webull. What is the exact name of it in the drop down? When I select the Drawings drop down menu, my options are: Trendline, Horizontal Line, Vertical Line, Polyline, Extended, Ray, Parallel, and the 3 Fibonoccis. What am I missing here?
Hey! It seems you're checking all the right spots. Quick question, have you made sure your Webull app is up to date on your computer? By the way, I just realized I forgot to ask - are you trying to find this on your computer or your phone? Sometimes the options vary a bit between platforms.
Thank you for always coming through with the best and most beneficial honest advice ❤. My only concern is that I use my laptop and iPhone for right now. I can’t load the desktop version I don’t think. Any advice???? Thanks in advance
Thank You! I'm absolutely happy that you find these videos beneficial and-most importantly-honest. That's exactly what we're going for here. ❤ About your current situation with the desktop version, I totally get it. But have you tried downloading it using a different browser? Sometimes, certain browsers can have compatibility issues with certain sites or applications, so switching browsers could potentially solve your problem.
love your channel and I purchased your candlestick review cards recently. i was wondering what the name of the indicator in the top right chart, it looks like volume goes from right to left for ever price? for your vwap, ma, macd, rsi and dmi indicators, did you use default setting? thanks for answering my questions :)
Hey Ken! Thank you so much for your kind words and for purchasing my candlestick review cards. I'm happy to hear that you're enjoying my channel! The indicator on the top right chart that shows volume going from right to left for each price is called the Volume rofile Indicator. It's a super useful tool that gives insights into the volume traded at different price levels. In case you're interested in learning more about the volume profile indicator, I actually made a video where I discuss its benefits and how to interpret it. You can check it out [ua-cam.com/video/6BhrheKgPqM/v-deo.html]. Regarding the VWAP, MA, MACD, RSI, and DMI indicators, I typically use the default settings for most indicators. However, I do make some adjustments to the Relative Strength Index (RSI) to suit uptrends vs downtrends.
Thanks for this great video. How do you execute the order though from the tool with the entry, stop loss, and target? or do you have to manually put the orders yourself?
Thanks! I'm happy that you found the video useful! 👍 As for executing orders with Webull, these tools help you calculate the position sizes for your short and long positions but dont automatically execute the orders for you.
If you jump to the 3:00 mark in the video, I walk through how to find and use that tool on the Webull desktop platform step by step. Should help clear things up! Thanks for reaching out, and don't hesitate if you've got more questions. Cheers! 🎥👍
So it does not place the order for you and sell at take profit or stop loss? I was under the influence you set up your numbers and place it and it does the rest?
It does not place the order for you. It is a visual reference that shows position limits and ratios. You would use a limit order for you to place the order and have it do the rest. Hope that helps
I got lost on ad a long or short position on the chart for options ? Am sorry seems bit confused. Is there anywhere else I can find more info about how to do this with options ?
No worries at all about the confusion-this concept can get a bit tricky! Basically, whether you're dealing with stocks or options, the idea of 'long' or 'short' position sizing tools work on the same principle. If you're taking a long position in options (CALLS or PUTS), you're hoping to see the premium of the option go up, just like you'd expect a stock price to rise when you go long on it and expect a stock price to fall when you short it; both would increase the value of the option contract. On the flip side, for the short position tools with options, it's generally about selling options. You'd profit if those options you sold decreased in value, similar to shorting a stock. If you're buying options-holding a long position-it's totally applicable for both calls and puts since you'd want the premium to go up, driving profit from the value change of the option itself, which, of course, is linked to the stock price movement. This concept of using short and long-position sizing tools for options might not be widely discussed, but essentially, it applies similarly as it does with stocks. Hope that helps clear things up a bit! If there's more you need to dig into, just hit me up. 📈❤
Hey there! Sorry to hear that you're having trouble finding the long and short position sizing tool on your UK Webull desktop app. It's possible that the feature might not be available for the UK Webull version or the interface may be different. 🤔 I'd suggest reaching out to Webull support to get more info on this - they might be able to provide some guidance or confirm whether this feature is accessible in your region. Good luck, and I hope you find the tool you're looking for!😊
To change your stop loss/take profits from 5% to 1%, you usually need to dive into the settings of your trading platform. While each platform can be a bit different, they typically have a section where you can adjust these percentages manually. Just look for something like 'Trade Settings', 'Order Types', or similar, and you should find the option to change it. 🛠️ As for calculating the stop loss percentage, let's break it down real simple. Imagine your stock is at $100, right? A 1% stop loss means if it falls to $99 (that's 1% less than $100), you're considering to cut your losses and sell. To work that out, you just multiply your purchase price by 0.99 (for a 1% drop). For a 5% stop loss, you'd multiply by 0.95 (5% less than 100%). Super handy to know when planning your moves! 📊 Hope this clears things up a bit! If you're fiddling with the settings and need a hand, just shout. Happy trading! ✨
Hey there! In terms of using Webull, this tool mainly helps you visualize how your trade might pan out, considering things like your risk-reward ratio and the amount of cash you plan to put down on the trade. It's super handy for getting an idea of outcomes, but it won't actually do the trade for you. Hope this clarifies things a bit! ✌️💹
So the position sizing tool is kinda like a visual guide for your trading strategy. Once you've got that laid out, you can then put in a stop-limit order that matches up with the risk/reward (RR) stuff you see on the tool. Just a heads up though, it's more about getting a clearer picture of your plan than an actual stop loss setting. Hope that helps you out when you're using WeBull on your phone.
Sure thing! For using a stop loss in your options trading, I've got a video that dives into all the details you'll need. Check it out here: [ua-cam.com/video/wkXd4T50hFA/v-deo.html]. It'll walk you through everything from why they're crucial for managing risk to how to actually set them up. When it comes to using OCO, or One Cancels the Other orders, with options, things can vary depending on your trading platform. Generally speaking, OCO is more common when you're dealing with stocks, but some platforms might allow you to use it with options too. It’s a nifty way to set up a potential profit target and stop loss at the same time. If one gets hit, the other order gets cancelled. You'd need to check if your platform supports this for options and how to set it up - it's a pretty straightforward process once you do a bit of digging in your platform's help section or user guide.
Just found your channel and have to say it is really useful, so thanks for doing it. I cant find this tool anywhere in the menu or on the toolbar. Is it still available? Do I have to change some settings to enable it? Thanks again.
Hey Mike! I'm happy to hear you're finding the channel useful! Now for the long and short position sizing tool on Webull, hmmm... Sometimes its availability may depend on your region or the specific version of the platform you're using. You'll want to make sure you have the latest app update. If it's not in the usual spots (menu or toolbar), it might not be immediately available for your setup. But don't worry! I'd recommend reaching out to Webull's support team. They should be able to clarify whether you need to tweak some settings or if the tool is simply not provided in your area or platform version. Hope you get it sorted out soon! Feel free to drop any more questions you might have, always here to help out. Thanks for tuning in! 😊👍
@@BlackGirlStocks Thank you so much for taking the time to reply. I have been in touch with Webull and they tell me that the feature is not available on the UK version at this time 😭
@kbweathers6947 Oh, I totally get where you're coming from with that question! It can be a bit confusing at first, but let me break it down for you. So, when we were using the tool in the first part of the video, we were indeed discussing non-option trades in a downward position. But when we transitioned to the option contract and started looking at puts, you're absolutely right - they do gain value when the stock drops. But here's the thing - just like anything else you buy, we want to anticipate it increasing in price. It's that classic principle of "buy low, sell high." So, when we're looking at a put positions chart, we actually want to see it directed upwards. That means we're gaining profit on that position and moving closer to our goal. I hope that explanation makes sense to you, my friend! It can be a lot to wrap your head around, but remember that we're all in this together. We're learning, adapting, and growing together. Keep asking questions, keep exploring, and before you know it, you'll be navigating this tool like a pro!
@BlackGirlStocks thank-you for helping us to understand....so my real question....I see on your screen you are using the underlined stock...so can you actually use this p/l feature on a option trade??...I have tried to use trading view...but I don't know how to trend the option on the chart??....example. spy230915c465????
@@kbweathers6947 Absolutely! You can definitely use the P/L (profit/loss) feature on an option trade. In the video, I mentioned around the @9:28 mark how to apply the tool to the actual option contract. To trend the option on the chart, you can use the specific option symbol. For example, let's take the option contract "SPY 465 CALL 9/15. To track the option's performance on the chart, you would find that contract in the options series and select the appropriate expiration date and strike price. Then right-click and select chart. That's the options chart for that particular contract. Apply the position sizing tool in this chart to track actual options contracts.
Webull is nice, but they dropped the ball moving their crypto to another app🤦🏾♂, and they don't have forex. what would you recommend as the best platforms to be able to do stocks, options, crypto, and forex?(without having to download 30 apps)....
Man, I totally get where you're coming from - having a one-stop shop for all your trading needs would be the dream, right? It does sound like a bit of a hassle having to switch apps just for crypto. Now, when it comes down to a platform that can handle stocks, options, crypto, and forex without having to juggle a bunch of apps, you might want to check out Interactive Brokers or TD Ameritrade. They've got a pretty solid rep for offering a wide range of investment options. And the best part? You can trade various assets all from one platform, which is super handy. Just bear in mind, while these platforms are pretty robust, it’s always good to dive into their fees and features to make sure they match what you're looking for. Different traders, different needs, you know?
I physically show twice where to find the tool and how to put it on the chart. Please watch the video The tool can be used on any chart in webull; paper trading or not
Hey! Oh, absolutely, I get what you're saying about position sizing. Think of it like deciding how much food to put on your plate at a buffet. You don't wanna go overboard and end up feeling sick, right? It's the same in trading or investing, position sizing is all about figuring out how much to invest so you don't risk too much on one thing. If things don't go as planned, you won't be left in a tough spot. It's super important for keeping things balanced and not putting all your eggs in one basket. Hope that clears it up a bit!
@@BlackGirlStocks awesome analogy! Studying and building up my understanding. Are there any books that you'd recommend that really changed your thoughts on day trading?
Thanks for the video. But don't see how you can use this making the actual order and see in in action. At least in this video is used as a good reference to check before making your order? But making the order and see these tool in a position is not on the video.
Thanks soo much for your feedback! You're right, this video was intended as an introductory guide on how to use Webull's long and short position sizing tool. I see how showing the tool in action during an actual order can be super helpful. I'll definitely keep your suggestion in mind for future content. Once again, I REALLY appreciate your input - it's comments like yours that help us improve and cater better to what our viewers need. Stay tuned, and happy trading 📈📈📈📈
Thank you so much! I'm excited to hear you're digging the content. It really makes my day to know that people are vibing with what I put out there. Stick around for more investing content! 😊👍
The risk ratio and delta aren't the same in trading. The risk ratio measures your potential gains compared to potential losses. Think of it as the balance between your profits and losses in a trade. Delta, on the other hand, predicts how much an option's price may change with the price change in the underlying asset, like a stock. So, essentially, they are two different, yet important, aspects in trading.
I understand how to get the tool on there but I can seem too get it to execute with the trade instead the trade pops up as usual If you could help me me with that I would truly appreciate it and would probably switch to Webull finally for more than a long term… TIA!
It is only a visual aid tool like a moving average or a support and resistance line. It won’t make a trade for you but allow you to visually see your trading plan. You’ll need to set an automated order to fill a position
@@BlackGirlStocks ooohhhh I always see those videos and I thought it stopped you out by drawing the stop out and it stoping out. While I’m over here thinking I’m a caveman typing it in lol. So turbo mix with that tool? Also thank you for your timely response.
Hey there! My bad for not being super clear on that part. If you skip to 2:55 in the video, I show the step-by-step on how to get to it. You just gotta click on the drawing tab, then pull down the list where you'll see options like parallel, Pearline, and rectangle. Scroll all the way down to the bottom of that list and you'll spot the long and short position sizing tools. Hope that helps clear it up!
@johnnyreese9511 Hmm, that's interesting. When the account is "restricted to liquidate only", it usually means you can only sell off your existing positions but can't open any new ones. It can happen if certain trading rules were violated, or there might be a pending margin call. But don't worry too much! Just reach out to Webull's customer support. They can give you a clear idea of what's happening and guide you on how to sort it out. Keep me posted, okay?
Yes, webull still has the tools for short and long position sizing. So, to get to them, you'll want to check out the menu bar when you're on your chart page. Look for the pencil symbol - that's your ticket. Click on that, and you'll see a bunch of tools pop up, things like trend lines and whatnot. From there, hit the drop-down menu and pick either short or long tool based on what you need.
@@BlackGirlStocks thanks, i have seen it, also i do not understand what you explained, on how to use the tool. after buying my options contract and i select the tool, drag it from the point of entry to where i want my stop loss to be, does it automatically activate the stop loss or i need to key in the value myself manually from the setting.
@@darlingtonduruji2635 So, the thing I explained in the video, about using the tool after (or before) buying to enter your options contract, it's not automatic. Think of it like when you use lines or shapes on a drawing; they're just there to show you something visually, but they don't do anything by themselves. Like when people draw Fibonacci lines or mark potential support and resistance areas on their charts, those lines are just guidelines or visual aids. They don't automatically make any trades or set any orders for you. If you're looking for something to automatically set a stop loss (like making sure you sell if the price drops to a certain point), you'll need to put in a specific type of order for that, like a stop limit or stop order. The tool I mentioned is more like a piece of the puzzle to help you plan and visualize your strategy; it doesn't do the trading bits like executing orders by itself. I hope that makes things a bit clearer! Let me know if you've got any more questions.
So, this particular tool isn't designed to execute trades for you automatically. Instead, it's more like a visual tool that helps you analyze the market and identify potential zones where you might want to set your take profit and stop loss levels. Once you've identified those zones, the next step is to take matters into your own hands (you've got this!). You'll need to manually place an order with your broker, setting those specific limits for your take profit and stop loss.
I'm sorry to hear that you're still waiting on your free stock from Webull. Delayed delivery of a free stock can happen for a variety of reasons, like verification issues or processing delays. If you haven't received your free stock yet, I recommend you contact Webull customer support for help. They should be able to provide more information on the status of your free stock and help you resolve any issues.
I am new to Webull from UK 🇬🇧 and trying to learn how it works? Your videos are great resource to start learning and you won me as subscriber 😊 God bless you sister ❤
Thank you so much! I’m happy to help! I have my passport ready, I’m ready to see London 📈❤️🔥
@@BlackGirlStocks you are welcome 🤗❤️
Niccce. Thank you for letting us know Queen. Will check it out!!!
👍🏾💯👍🏾😊👋🏽
📈📈📈📈 I really love it for the visuals! Webull continues to become a top platform
Hi,
Thanks for the video. Very informative! However, I would like to know when and how does the set up get triggered for the purchase of the order?
Thanks for your response in advanced.
So the position sizing tool is kinda like a visual guide for your trading strategy. Once you've got that laid out, you can then put in a stop-limit order that matches up with the risk/reward (RR) stuff you see on the tool. Just a heads up though, it's more about getting a clearer picture of your plan than. Use a Stop or Limit order for automated triggers.
Thanks for the upload. This was right on time. I don’t see Charts, Options, News on the top of my screen. I have the web version. Does it have to be on the desktop version?
You'll get to this by customizing your Webull layout. So on the same screen, you see your chart in, in the top right-hand corner there's going to be a hamburger-looking menu. Click that and select add widget. Here you go through these lists and add the different options, news, and whatever else you wanna add to your layout.
@@BlackGirlStocks. Thank you for the info, great job as always…..
Another AWESOME video from our girl!🙏🧞♀️🙏
You're the best! Thank You
Hello thank you so much, your video is great! Where is this tool on the phone app? I see this tool option nowhere.
Hey! Glad you liked the video! So, the tool I showed is a desktop-only thing on Webull. But if you're on your phone, you can still get to something similar by checking out Trading View. It should have the features you're looking for. Hope that helps you out!
So is this a web only or in app use as well? ( I don't have webull)
Right now looks like it’s only for the Web version. They may add it to the mobile app…eventually. 🤔
When is Webull coming with the Trailing Stop Loss for Options ?
!!! Hello! Yes 😂 we should keep messaging them and letting them know what we are looking for. WeBulls team really does respond to our messages. 💪🏾📈
I have a very important question.
once a"call" or put goes in, can you still stop the trade immediately if your losing money or would you have to leave it how you set it?🤔
Yes you definitely can! You can close out immediately if needed or anytime during the trade. To close more quickly you’ll want to do a market order or set your limit price closer to the Bid.
We’ve all had those times where you enter a trade, let’s say meaning for it to be a call and accidentally open a put. Hopefully with minimal loss on the close ❤️
a market orders are the fastest but it may give you the worst fill - you can also add the options BID or ASK buttons for less slippage.
Please read my full response 🤔
@@BlackGirlStocks yes I had no idea how I bought a put instead of a call. i panicked and i had to figure out how to close the put! Are you still using Tiblio as a stock screener? Since I just watched a video you put up 2 years ago on Tiblio. Thanks!
@@BlackGirlStocks hi something happened on Fidelity, but I'm switching to webull or ninjatrader now. Because I put limit order to sell, and Fidelity bought the call higher than the market price! It was very weird. Fidelity also lagged behind the current price on Robinhood showing 5.50 and Fidelity 5.40. Also it was slow and laggy. That's why I need to switch.
I can't seem to find the tool on Webull. What is the exact name of it in the drop down? When I select the Drawings drop down menu, my options are: Trendline, Horizontal Line, Vertical Line, Polyline, Extended, Ray, Parallel, and the 3 Fibonoccis. What am I missing here?
Hey! It seems you're checking all the right spots. Quick question, have you made sure your Webull app is up to date on your computer? By the way, I just realized I forgot to ask - are you trying to find this on your computer or your phone? Sometimes the options vary a bit between platforms.
Thank you for always coming through with the best and most beneficial honest advice ❤. My only concern is that I use my laptop and iPhone for right now. I can’t load the desktop version I don’t think. Any advice???? Thanks in advance
Thank You! I'm absolutely happy that you find these videos beneficial and-most importantly-honest. That's exactly what we're going for here. ❤
About your current situation with the desktop version, I totally get it. But have you tried downloading it using a different browser? Sometimes, certain browsers can have compatibility issues with certain sites or applications, so switching browsers could potentially solve your problem.
love your channel and I purchased your candlestick review cards recently. i was wondering what the name of the indicator in the top right chart, it looks like volume goes from right to left for ever price?
for your vwap, ma, macd, rsi and dmi indicators, did you use default setting? thanks for answering my questions :)
Hey Ken!
Thank you so much for your kind words and for purchasing my candlestick review cards. I'm happy to hear that you're enjoying my channel!
The indicator on the top right chart that shows volume going from right to left for each price is called the Volume rofile Indicator. It's a super useful tool that gives insights into the volume traded at different price levels.
In case you're interested in learning more about the volume profile indicator, I actually made a video where I discuss its benefits and how to interpret it. You can check it out [ua-cam.com/video/6BhrheKgPqM/v-deo.html].
Regarding the VWAP, MA, MACD, RSI, and DMI indicators, I typically use the default settings for most indicators. However, I do make some adjustments to the Relative Strength Index (RSI) to suit uptrends vs downtrends.
Thanks for this great video. How do you execute the order though from the tool with the entry, stop loss, and target? or do you have to manually put the orders yourself?
Thanks! I'm happy that you found the video useful! 👍 As for executing orders with Webull, these tools help you calculate the position sizes for your short and long positions but dont automatically execute the orders for you.
Hi, Thanks for introduce this new tool from webull, but where can I find this tool on my webull desktop platform? Hope hear from you. Thanks a lot.
If you jump to the 3:00 mark in the video, I walk through how to find and use that tool on the Webull desktop platform step by step. Should help clear things up! Thanks for reaching out, and don't hesitate if you've got more questions. Cheers! 🎥👍
So it does not place the order for you and sell at take profit or stop loss? I was under the influence you set up your numbers and place it and it does the rest?
It does not place the order for you. It is a visual reference that shows position limits and ratios. You would use a limit order for you to place the order and have it do the rest. Hope that helps
I got lost on ad a long or short position on the chart for options ?
Am sorry seems bit confused. Is there anywhere else I can find more info about how to do this with options ?
No worries at all about the confusion-this concept can get a bit tricky! Basically, whether you're dealing with stocks or options, the idea of 'long' or 'short' position sizing tools work on the same principle.
If you're taking a long position in options (CALLS or PUTS), you're hoping to see the premium of the option go up, just like you'd expect a stock price to rise when you go long on it and expect a stock price to fall when you short it; both would increase the value of the option contract.
On the flip side, for the short position tools with options, it's generally about selling options. You'd profit if those options you sold decreased in value, similar to shorting a stock. If you're buying options-holding a long position-it's totally applicable for both calls and puts since you'd want the premium to go up, driving profit from the value change of the option itself, which, of course, is linked to the stock price movement.
This concept of using short and long-position sizing tools for options might not be widely discussed, but essentially, it applies similarly as it does with stocks. Hope that helps clear things up a bit! If there's more you need to dig into, just hit me up. 📈❤
Thanks. I have been trying to find out how to put that rectangle on!
I'm glad I could help!
So does this tool only appear on top of the options chart or the ticker chart?
Good question! This tool is pretty versatile - you can actually apply it to both the options chart and the ticker chart.
Thank you Queen 🙏🏾👊🏾🤗🤗🤗
this tool isn't on my webull desktop app. I use UK webull and don't have this option.
Hey there! Sorry to hear that you're having trouble finding the long and short position sizing tool on your UK Webull desktop app. It's possible that the feature might not be available for the UK Webull version or the interface may be different. 🤔
I'd suggest reaching out to Webull support to get more info on this - they might be able to provide some guidance or confirm whether this feature is accessible in your region. Good luck, and I hope you find the tool you're looking for!😊
Do you know how to change stop loss/take profits percentage price?
Example: it's at 5% I want it to be 1%
To change your stop loss/take profits from 5% to 1%, you usually need to dive into the settings of your trading platform. While each platform can be a bit different, they typically have a section where you can adjust these percentages manually. Just look for something like 'Trade Settings', 'Order Types', or similar, and you should find the option to change it. 🛠️
As for calculating the stop loss percentage, let's break it down real simple. Imagine your stock is at $100, right? A 1% stop loss means if it falls to $99 (that's 1% less than $100), you're considering to cut your losses and sell. To work that out, you just multiply your purchase price by 0.99 (for a 1% drop). For a 5% stop loss, you'd multiply by 0.95 (5% less than 100%). Super handy to know when planning your moves! 📊
Hope this clears things up a bit! If you're fiddling with the settings and need a hand, just shout. Happy trading! ✨
hello ! how do you execute the long or short order with this tool ? can you please help ?
Hey there! In terms of using Webull, this tool mainly helps you visualize how your trade might pan out, considering things like your risk-reward ratio and the amount of cash you plan to put down on the trade. It's super handy for getting an idea of outcomes, but it won't actually do the trade for you. Hope this clarifies things a bit! ✌️💹
How do i use this as a stop loss
Or what is the tool used to draw the stop loss in webull
Im using the mobile app
So the position sizing tool is kinda like a visual guide for your trading strategy. Once you've got that laid out, you can then put in a stop-limit order that matches up with the risk/reward (RR) stuff you see on the tool. Just a heads up though, it's more about getting a clearer picture of your plan than an actual stop loss setting. Hope that helps you out when you're using WeBull on your phone.
Awesome, you're amazing. Sis can you show us how to use the stop loss for the option trade? Can we use OCO with options trades?
Sure thing! For using a stop loss in your options trading, I've got a video that dives into all the details you'll need. Check it out here: [ua-cam.com/video/wkXd4T50hFA/v-deo.html]. It'll walk you through everything from why they're crucial for managing risk to how to actually set them up.
When it comes to using OCO, or One Cancels the Other orders, with options, things can vary depending on your trading platform. Generally speaking, OCO is more common when you're dealing with stocks, but some platforms might allow you to use it with options too. It’s a nifty way to set up a potential profit target and stop loss at the same time. If one gets hit, the other order gets cancelled. You'd need to check if your platform supports this for options and how to set it up - it's a pretty straightforward process once you do a bit of digging in your platform's help section or user guide.
@@BlackGirlStocks Will you make an updated vid? WeBull looks so much different now after their latest update 🤯 Thanks so much sis 💪🏾
Just found your channel and have to say it is really useful, so thanks for doing it. I cant find this tool anywhere in the menu or on the toolbar. Is it still available? Do I have to change some settings to enable it? Thanks again.
Hey Mike! I'm happy to hear you're finding the channel useful! Now for the long and short position sizing tool on Webull, hmmm... Sometimes its availability may depend on your region or the specific version of the platform you're using. You'll want to make sure you have the latest app update.
If it's not in the usual spots (menu or toolbar), it might not be immediately available for your setup. But don't worry! I'd recommend reaching out to Webull's support team. They should be able to clarify whether you need to tweak some settings or if the tool is simply not provided in your area or platform version.
Hope you get it sorted out soon! Feel free to drop any more questions you might have, always here to help out. Thanks for tuning in! 😊👍
@@BlackGirlStocks Thank you so much for taking the time to reply. I have been in touch with Webull and they tell me that the feature is not available on the UK version at this time 😭
I Can't find it in the setting of the app on my phone. Must be just on the computer version.
Hey KJ, if you are in the US it is on the desktop version only for the time being.
How are you using this tool on non-option trades..... I thought you have to buy puts when you want to profit on a stock trending down??
@kbweathers6947 Oh, I totally get where you're coming from with that question! It can be a bit confusing at first, but let me break it down for you.
So, when we were using the tool in the first part of the video, we were indeed discussing non-option trades in a downward position. But when we transitioned to the option contract and started looking at puts, you're absolutely right - they do gain value when the stock drops.
But here's the thing - just like anything else you buy, we want to anticipate it increasing in price. It's that classic principle of "buy low, sell high." So, when we're looking at a put positions chart, we actually want to see it directed upwards. That means we're gaining profit on that position and moving closer to our goal.
I hope that explanation makes sense to you, my friend! It can be a lot to wrap your head around, but remember that we're all in this together. We're learning, adapting, and growing together. Keep asking questions, keep exploring, and before you know it, you'll be navigating this tool like a pro!
@BlackGirlStocks thank-you for helping us to understand....so my real question....I see on your screen you are using the underlined stock...so can you actually use this p/l feature on a option trade??...I have tried to use trading view...but I don't know how to trend the option on the chart??....example. spy230915c465????
@@kbweathers6947 Absolutely! You can definitely use the P/L (profit/loss) feature on an option trade. In the video, I mentioned around the @9:28 mark how to apply the tool to the actual option contract.
To trend the option on the chart, you can use the specific option symbol. For example, let's take the option contract "SPY 465 CALL 9/15.
To track the option's performance on the chart, you would find that contract in the options series and select the appropriate expiration date and strike price. Then right-click and select chart. That's the options chart for that particular contract. Apply the position sizing tool in this chart to track actual options contracts.
Webull is nice, but they dropped the ball moving their crypto to another app🤦🏾♂, and they don't have forex. what would you recommend as the best platforms to be able to do stocks, options, crypto, and forex?(without having to download 30 apps)....
Man, I totally get where you're coming from - having a one-stop shop for all your trading needs would be the dream, right? It does sound like a bit of a hassle having to switch apps just for crypto.
Now, when it comes down to a platform that can handle stocks, options, crypto, and forex without having to juggle a bunch of apps, you might want to check out Interactive Brokers or TD Ameritrade. They've got a pretty solid rep for offering a wide range of investment options. And the best part? You can trade various assets all from one platform, which is super handy.
Just bear in mind, while these platforms are pretty robust, it’s always good to dive into their fees and features to make sure they match what you're looking for. Different traders, different needs, you know?
And where is the long, short position tool located on we bull? And can i use this feature for paper trading ?🤔
I physically show twice where to find the tool and how to put it on the chart. Please watch the video
The tool can be used on any chart in webull; paper trading or not
Quick response, thank you I am going to watch this again, 📉📈💪🏾💯
I totally need this explanation
Hey! Oh, absolutely, I get what you're saying about position sizing. Think of it like deciding how much food to put on your plate at a buffet. You don't wanna go overboard and end up feeling sick, right? It's the same in trading or investing, position sizing is all about figuring out how much to invest so you don't risk too much on one thing. If things don't go as planned, you won't be left in a tough spot. It's super important for keeping things balanced and not putting all your eggs in one basket. Hope that clears it up a bit!
@@BlackGirlStocks awesome analogy! Studying and building up my understanding. Are there any books that you'd recommend that really changed your thoughts on day trading?
Nice, thank you 🙏🏽
No problem 📈📈📈📈
thanks so much ...
Thanks for the video. But don't see how you can use this making the actual order and see in in action. At least in this video is used as a good reference to check before making your order? But making the order and see these tool in a position is not on the video.
Thanks soo much for your feedback! You're right, this video was intended as an introductory guide on how to use Webull's long and short position sizing tool. I see how showing the tool in action during an actual order can be super helpful. I'll definitely keep your suggestion in mind for future content.
Once again, I REALLY appreciate your input - it's comments like yours that help us improve and cater better to what our viewers need. Stay tuned, and happy trading 📈📈📈📈
great content. glad I found your channel!
Thank you so much! I'm excited to hear you're digging the content. It really makes my day to know that people are vibing with what I put out there. Stick around for more investing content! 😊👍
Thanks so much for your help with this video.
Thank You, I'm glad it was helpful!
how do you initiate it? It is just siting in the options chart
Go to the drawings panel and select either the long or short position sizing tool
great video. Thanks for sharing.
@gaberino6792 Thank you so much 😀
Is risk ratio the same thing as the delta ?
#Beginningtrader
The risk ratio and delta aren't the same in trading. The risk ratio measures your potential gains compared to potential losses. Think of it as the balance between your profits and losses in a trade.
Delta, on the other hand, predicts how much an option's price may change with the price change in the underlying asset, like a stock.
So, essentially, they are two different, yet important, aspects in trading.
@@BlackGirlStocks Thanks girl. Im glad you replied back to me .
Thank you ❤️❤️ idk but this message was sent to the review folder so it took me a while to see it
Is this on the mobile app?
So for right now it looks like it’s only on the desktop version, but hopefully they migrate the feature to the app
thanks - i got 2 from this video "position sizing" & "top gainers widget" - i didn't know there was a widget for top gainers
👍🏾
What your favorite time frames to trade
1HR
I understand how to get the tool on there but I can seem too get it to execute with the trade instead the trade pops up as usual If you could help me me with that I would truly appreciate it and would probably switch to Webull finally for more than a long term… TIA!
It is only a visual aid tool like a moving average or a support and resistance line. It won’t make a trade for you but allow you to visually see your trading plan. You’ll need to set an automated order to fill a position
@@BlackGirlStocks ooohhhh I always see those videos and I thought it stopped you out by drawing the stop out and it stoping out. While I’m over here thinking I’m a caveman typing it in lol. So turbo mix with that tool? Also thank you for your timely response.
Thanks, but you don't mention how to get to that chart and trading set-up
Hey there! My bad for not being super clear on that part. If you skip to 2:55 in the video, I show the step-by-step on how to get to it. You just gotta click on the drawing tab, then pull down the list where you'll see options like parallel, Pearline, and rectangle. Scroll all the way down to the bottom of that list and you'll spot the long and short position sizing tools. Hope that helps clear it up!
Can you use this on the mobile app?
For now it looks like it's just a desktop thing. They might roll it out for mobile later on, but yeah, desktop's the way to go at the moment.
We need that trailing stop on top the the stock chart
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Why does my webull account has a restricted to liquidate only.
@johnnyreese9511 Hmm, that's interesting. When the account is "restricted to liquidate only", it usually means you can only sell off your existing positions but can't open any new ones. It can happen if certain trading rules were violated, or there might be a pending margin call.
But don't worry too much! Just reach out to Webull's customer support. They can give you a clear idea of what's happening and guide you on how to sort it out.
Keep me posted, okay?
Thank you!
You bet! 📈📈📈
Is this tool available on mobile app
For the time being it looks like it’s only available for the desktop version
does webull still have this tool
Yes, webull still has the tools for short and long position sizing. So, to get to them, you'll want to check out the menu bar when you're on your chart page. Look for the pencil symbol - that's your ticket. Click on that, and you'll see a bunch of tools pop up, things like trend lines and whatnot. From there, hit the drop-down menu and pick either short or long tool based on what you need.
@@BlackGirlStocks thanks, i have seen it, also i do not understand what you explained, on how to use the tool. after buying my options contract and i select the tool, drag it from the point of entry to where i want my stop loss to be, does it automatically activate the stop loss or i need to key in the value myself manually from the setting.
@@darlingtonduruji2635 So, the thing I explained in the video, about using the tool after (or before) buying to enter your options contract, it's not automatic. Think of it like when you use lines or shapes on a drawing; they're just there to show you something visually, but they don't do anything by themselves. Like when people draw Fibonacci lines or mark potential support and resistance areas on their charts, those lines are just guidelines or visual aids. They don't automatically make any trades or set any orders for you.
If you're looking for something to automatically set a stop loss (like making sure you sell if the price drops to a certain point), you'll need to put in a specific type of order for that, like a stop limit or stop order. The tool I mentioned is more like a piece of the puzzle to help you plan and visualize your strategy; it doesn't do the trading bits like executing orders by itself.
I hope that makes things a bit clearer! Let me know if you've got any more questions.
i missed the part where it triggers my buy & sell
So, this particular tool isn't designed to execute trades for you automatically. Instead, it's more like a visual tool that helps you analyze the market and identify potential zones where you might want to set your take profit and stop loss levels.
Once you've identified those zones, the next step is to take matters into your own hands (you've got this!). You'll need to manually place an order with your broker, setting those specific limits for your take profit and stop loss.
@@BlackGirlStocks ohhhh got it. thanks
This is what I was looking for! That sucks. I think trade view it does it for you
What you may be talking about is a limit order. You set your limit order based on the visual tool
@@BlackGirlStockshmm could you provide more info on this?
👏🏿👏🏿👍🏿💯
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That's not true I am still waiting on my free stock from webull
I'm sorry to hear that you're still waiting on your free stock from Webull. Delayed delivery of a free stock can happen for a variety of reasons, like verification issues or processing delays. If you haven't received your free stock yet, I recommend you contact Webull customer support for help. They should be able to provide more information on the status of your free stock and help you resolve any issues.
Black girl please help me to set up my chart for trading