Thinkorswim Day Trading Chart Setup 2020
Вставка
- Опубліковано 27 чер 2024
- 🎓 Trade with me: www.firesidetrading.com/
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Michael teaches you how to setup his 2000-tick day trading chart on Thinkorswim, and how to trade with the Active Trader automated order tab. If you are interested in learning how he trades with this chart, check out some of his live trading sessions as part of the Live Scalping series.
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DISCLAIMER: These videos are for educational and entertainment purposes only. There are inherent risks associated with investing in securities and other financial instruments. Please carefully consider whether trading is suitable for you given your current circumstances, knowledge, and financial situation.
#DayTrading #FiresideTrading #MichaelChin
Somehow explaining more than most traders do in hour long streams.
Michael, I learned more about charting with you in 12 minutes than I've learned in a week with thinkorswim tutorials. For the first time in three (3) weeks (yes, I'm a newbie), I'm starting to get excited. Looking forward to the journey.
are you still excited on this journey?
I have watched hundreds of videos and nothing was as simple and clear as yours. Thanks for posting.
I have been searching all day on how to set this up and watched about ten 15 vids on this subject and almost gave up on this platform. thank you so much for making it easy to understand and set up.
The step-by-step is awesome, now for some understanding on the how's and why's! Awesome work, i'm glad i found you!
that's. just. amazing. THANK YOU for showing how this is set up!
Thank you so much for providing this training. I dont know if I can master trading futures but with your videos it is a lot more attainable. Thanks again.
Cool. I was just trying to figure out how to do the same setup you have on Ninja, but on my TOS, and here it is. You always seem to have it smoothly under control. Thank you.
Thank a lot for providing such a great tutorial, which comes precise, concise, and to the point covered with a very nice easy smile.
Amazing Michael, every day I'm getting fascinated by your videos. Can't wait to work with you.
Thanks Sachin!
@@MichaelChin, where you @? We haven’t seen you in a while.
@@MichaelChin Micheal hi my name is Anthony have u had issues with ninjatrader over charging on ticks when trading on bonds or Es also ninjatrader bar chart clock will stay at 0 sometimes after bar closes.
Bro... You legit just made me want to start trying to do this. I know this is an older video, but you just explained this to me and how to do it on the platform I use. Thank you.
Clear, simple, and well put. Great video. Thank you for sharing!
Thanks so much for that! Trading has become so much easier thanks to this gem of advice on setting up the automated trader. I'm considering getting your course. Keep up the awesome videos!
Where do we get his course?
Learned so much and you are great teacher who make things easy to understand. Best !
You are amazing! I've been binge watching your vids since Riley directed us over here. You said you're putting out an instructional video on top of the vids you already do, plus your talking about starting a chat room and you have a full time job! Your commitment to helping people is crazy good. I don't know what your day job is, (and none of my business), but I suspect you will be replacing you day job with this industry! Thank you for helping us.
Thanks Dan! I appreciate it a lot. Teaching is one my biggest passions. I'll put in my best effort to help you guys out, if you're willing to put in the work.
Thanks for the excellent video Michael! You are an awesome instructor and I am learning a lot, especially from the TOS platform. You are very easy to understand. My son TJ told me to look you up on you-tube. The TOS platform is very hard for a new trader to use and understand ( compared to Ninja Trader 8) which I've used for a few years. I am trying to trade for a living and to build my wife and my small retirement accounts ( less than 100k and 61 years old.) My wife wakes up often and is so stressed out and in tears about out retirement
I've invested many thousands of dollars in a trading school but have not been real successful....yet. I will never give up and I will succeed. I am way better than I was when I first started. Just wanted to give you a special thanks for sharing you knowledge and expertise with all of the traders who follow you including myself. My God bless you!!!.
Michael, I appreciate you so much, man! I appreciate your gift of knowledge.
Hey Michael, thank you for making it so understandable! Cheers!! Subscribed.
Finally.... I have been asking about this ( Placing order w/ stop loss w/ runner) forever, Thank you Micheal C. YOU-DA-MAN
I look for small scalps, and take a few seconds setting up OCO brackets to sell. These automated TRG w/brackets are awesome! thanks for sharing!
Really great setup, thanks!!
Thank you for the detailed explanations, it is really very detailed and appreciated.
This was extremely helpful bro thank you 🙏
I am absolutely amazed! In my paper trades, I have been making between 2500 and 3000 in about three hours each day on 18 trades or 72 contracts. As I am learning and practicing, I can see real results! Thank you so much for sharing your system! I owe you a debt of gratitude! This is going to change my life and that of my family! And of course my charitable contributions...Thank you!
Thanks so much trying to figure that out all day
Thanks for the helpful video. You have answered a huge question of my
Thank you so much for a true how-to on futures trading
Love your videos bro keep it up
Michael your page is very interesting, thank you for sharing your experience!
OMG Thank you so much for this Michael! 1+ Sub!
Man great stuff 👏 👌 thanks for this video really helped me out!
Michael, I second what Peter Hays said, thank you for the informative video.
Hi Michael, You are great guy. This video help me a lot! Thank you.
Thanks Frank! Glad I can help
Super helpful for beginner like me. Thanks!
Great tutorial, thanks Michael
Michael. Your trading strategy for /ES is spectacular. It is a go to strategy for me. 32 points this morming. Wow....
I like your video. It made sense. Thank you very much for sharing
Concise and to the point. Thanks. New subscriber.
Online is very good for trading most especially when you are trading with a good plate form, I started trading bitcoin and is going well
My friend told me about online treading i didn't pick interest at first ontill she profited from it.
I'm a retired nurse for months now and I'm yet to figure out a plan while staying at home, talking about bitcoin I think that should be a great idea.
The market is moving well most especially bitcoin, I'm amazed at the raise of bitcoin the past few weeks bitcoin has raised to 60k today. 2021 is gonna be a great year for investors.
@Abdellah adam as a beginner I will advise you to work with Susan Ann Kira, for good and huge withdrawals.
@@whatsapp-526 which of the Susan? Is it the one from the financial channel?
thank you for explaining this to me.
Thanks Michael !!! Excellent !!
i super liked the video. it was very informational thx u
Great video. One note- if you want to use the Runner - make sure you change the order type from DAY to GTC. If you happen to forget about the runner or want to swing it to next day - DAY will automatically remove your stop losses and you may not like what you see the next day =)
Thanks a lot Michael.
thanks for the video. complete new here so im doing the smarter thing and starting on a demo.
Hey Michael...love the strategy!!!! Would live to learn more!
Thanks for commenting don't forget to hit the subscribe button
+¹ ² ² ⁰ ⁹ ⁰ ⁰ ⁵ ³ ⁰ ¹
For more info.....
Thanks for sharing!
Appreciate all the work. I use ToS and will try to simulate your style. I'm also on the west coast so maybe I can wake up at 5AM (Would gotta work on that). I just gotta figure out how to read a 2 legged pattern. I've watched all your videos and pause it often, but I just am not smart enough yet to see it clearly. Maybe more practice will help.
Love your set up. Can you please explain the 1 point up for profit and 2 point down for stop loss and why? Thank you very much.
Great videos. I am curious about the TOS setup for trading this on margin and account balance requirements, risks to consider, and any other need to know information. This would be a helpful video
THIS IS AN AWESOME VIDEO
Great Video! Subscribed!
Thanks Steven!
Awesome video.
So helpful -- thanks!
Glad you enjoyed it Tammy!
Nice setup Micheal, Day trading stocks and commodities is very volatile way of trading and by just having a good setup does not determine an investment will be profitable, instead profitable trades mainly depends on the experience of the trader. That is why i actually just allow an experience trade manager to handles most of my stock/forex investments on my behalf.
Mike, enjoying your videos. great presentation with such a high clarity. BTW how much TDAmeritrade is charging you for a round trip trade of ES?
Great, thanks.
Love your videos so far! One questions. Are the ticks and setup you do here the same as you would do for day trading any other normal stock outside of futures? I.e. should I set my chart to 2 D 2k tick?
Thanks
Excellent video, thanks for sharing? What type of zoom settings do you use?
Hi Michael, thanks for the video. I had a question about the link in the Active Trader grid under the trg w/ 2 brackets. Do you leave that at TRG or do you change that to something like Last? Keep up the awesome videos!
Hey man love the content. Wanted to ask you if this set up can work also to day trade options on active trader. Thanks !
This Guy is the BEST....
Thanks for commenting don't forget to hit the subscribe button
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For more info.....
Michael this is an excellent setup. Question: How do you set the trap to open at the target prices, following reversal?
Good day Michael!
Love your videos brotha, and I appreciate it truly. I’ve learned a ton from you. Is it possible to make a couple of updated videos for 2023 particularly on this video. I just signed up for thinkorswim as I’m having a hard time with ninja trader. I did get confused on the runner part of the video we’re you changed 1 to 4 in contracts then on the bracket setting section you changed 1 to 3 and not 4. I’m just a bit confused on that and would appreciate maybe an updated video on thinkorswim showing have to set up the runners. Thank you again for everything.
Great video
cool man thanks!
Thanks for sharing, when is your next live session?
Michael, thank you so much for showing how to setup OCO brackets. I noticed while watching your scalping videos that you have figured out how to execute the bracket from the chart in one click. This is much more efficient than doing Right-Click --> Buy custom --> Scalp + Runner. Would you mid sharing the setup for one-click method from the chart? Thank You - Rick
thanks for this,
Alright….. Reach me on telegram@michael_chin1 for more information and guidance
Thanks Michael for showing the set up. It's very helpful. I have a question. In your video, you show "TRG w/2 brtackets" in TOS, it the setup same for buy and sell short?
Have you ever trade scalping on the thinkorswim app? It doesn’t seem to have the same capabilities as the regular. That would be a great video. Thanks for all your help.
Michael, where have you been? Need some activity. I would love to sign up for the course as long as there is support.
Great video Michael, can the S/L on the runner be trailed to B/E automatically when the 1st part reaches T/P?
Michael, thanks for posting these videos; I'm learning a lot from them. How do thinkorswim transaction fees compare to ninja trader?
Hi Michael, quick question bro, can i apply the same exact setup on (Interactive Brokers-IBKR)? I just added a request to trade on Futures at IBKR. FYI: Amazing videos, so motivating, you opened my eyes on a new aspect in trading other than stocks that is actually very profitable!! Please keep it up :) Thanks a lot
Love the content, Michael,
Do you know why when you open Webull and ThinkorSwim at the same time, and view a stock to compare the charting by the minute, why the real time data conflicts?
Michael, great video. Helped me out a lot. Question for you. Is there a way to prevent the active trader price chart from moving? A few times I have went to place an order and the number shoot up to a higher buy in than I intended making the trade much harder to win/predict
thank you
Hello Michel, thank you so much for such nice easy to understand video. Would you please talk about tick chart vs time chart in reaspect to each type of trading. Which type of tick chart would you recommend for position, day, swing and scalp teading ? Would be hepful if you would share chart setting for each type of trading. ONCE AGAIN THANK YOU VERY MUCH FOR KNOWLEDGE SHARING.
Very informative Michael. Is there a way to scale this to another stock, like AMD, for example? The limits went off the chart when I tried this. Do you have to scale down the settings? thanks
Hi thanks for a very informative video. Does your setting change for 1 point profit and for stop loss when you sell or going down?
Hi Michael, great video , thank you! I tried to use your runner for the options trading (2 panels and active trader panel was reading of the list with the options). for some reason could not get your runner and scalper to work for option (every time it seems to default to single). Did you ever got those scripts to work for options? thank you
Michael, you explain so well. Could you please set up a turtle trading system on TOS. I am a super newbie and am so scared doing it alone!
thanks, man I have been trying to find out how to automate the trigger with stop loss..
Hi Michael. Really a good step-in thinkorswim tutorial. Helped me a lot. I have a question though. This is a future right? If I understand it correctly you trade with a lot. How big is this lot to make 50 usd with one tick?
Michael, 100 thumbs up if that were possible. I learned about you from Riley Colman's you tube page. He is awesome as well! What you just showed me in this 12 minute video is a game changer. Thank you so much I have been trying to learn Ameritrade for about 6 weeks but this is the coolest thing yet you taught in such a short time. I really appreciate you're teaching style without all the bull. 100 thumbs up!
Thanks again
From the trade room ❤
Thank you, thank you. I just followed your directions for setting up TS and now I have my chart set. I'm thinking about joining Infinity and using their platform to trade on. Do you know much about this company.
Nice thx,
I have TOS so this video helps me out a lot. I see you mostly use Ninjatrader. What are the commissions/pricing difference between the two for scalping the micro e-mini s&p? Which do you prefer/suggest?
Hello Michael. Thanks for the great video. What platform would you say is best for scalping. Thinkorswim or NinjaTrader? Since you hto pay for NinjaTrader and thinkorswim is free.
Hey Michael...great vid. How do we save the chart setup so we don't have to do it everytime we close/reopen?
Great video... Small tip here, please adjust your recording levels for audio to be less than -12 at the max peak. All of your videos have bad audio when you raise your voice output.
Hi Michael. Great video +1 subscriber. Can you explain how you would set up the automation for shorting? Thanks in advance.
hi mike. does this chart work with regular options trading such as puts/calls or iron condors, etc? when you are buying in futures is it the same as the SPY, so you are buying a call here and then selling it? i like your simplistic videos. thank you in advance.
Michael,..love the tutorial on Active Trader set,..How do we set it up for SELL market orders? thanks
Hi Michael, plz do advise on the sell set up.
Many thanks
I’ve watched each one of your videos at least once and opened a TDTrader (thinkorswim) Account. I’m not ready to open up with real money and are just checking out the “paper money” version and continuing to learn from you great videos. I have a MacBook Pro and noticed the paper money side appears to have a lot less features and options compared to the real money side; not sure if I’m correct?
This video is great. Do you have a video explaining how future contracts work and how they are different for trading than stocks??
Again, thank you very much for your time and tutorial!! p.s. referred by either Riley coleman or skyview . . . one of them.. .I think it was Riley though.
Most likely Riley, he's an awesome guy
@@MichaelChin Hi really good stuff, thank you for sharing! Every time I enter a trade using your strategy, the margin requirement is like $50k. Is there a way to get around this? Thanks again?
@@fz5149 TD ameritrade has a much larger margin requirement for Futures (/ES margin is $13,200 for one contract). You're alternative is to use another broker. NinjaTrade may have a $500 margin requirement but I've never used them