Be sure to check out my Webull Stop Loss video too!: ua-cam.com/video/5TXA4B8VK44/v-deo.html My trading Videos playlist: ua-cam.com/play/PLMj9DuDDCiQkZA1F62syXbb6EzhWRydYZ.html If you just want Webull only videos: ua-cam.com/play/PLMj9DuDDCiQnYJHaDmh2QgTrGwqN7Wt7Q.html
Bro thank you. You honestly made this super simple to understand. I will definately check out your other videos I’m extremely excited to start trading!!
Hey there, I'm wondering if it is possible to set a stop loss on an option contract using the price of the underlying stock rather than the options premium?
if you have a stop loss active, and you try to sell MKT order to take gains, will it override the stop loss? or will you have to cancel the stop loss order first and then sell MKT to take gaIns?
Great question! Yes, you can buy stocks before market opens by placing a limit order. Make sure it's a "Good to Close" or "GTC" order and not just during a market hours order. Also, depending on your brokerage, you might still be limited. Which brokerage are you using?
Thank you very much for answering, I'm using Webull, I don't know if that was the question. And I have another query, how do I place Stop Loss when I buy options?
So you can't get out by setting a ETF market price?? I like Bull put spreads and if the stock price dropped to withing 5 points of my spread I would like to close to eliminate the risk of being assigned.
Learning options nowadays, what is the significance of the $1.5 limit price when nio is trading in the 40s? How come in options, it’s just not the current share price?
Hi @Robert Rayhart, it is possible to have trailing stop losses on options, but Webull has implemented it yet! Some other brokerages and platforms like ToS do. But I wouldn't be surprised if Webull adds it soon!
Hi @Robert, I have released a Webull Trailing Stop Loss video! Check it out, I think you'll enjoy and learn from it! ua-cam.com/video/Ttmlppsp_PA/v-deo.html
@@BaracudaOfficial @Robert Rayhart I have been taught trading via TOS platform. This is unavailable in the UK. I'm currently looking for a trading platfrom where options have a stop loss implimented. I'm currently having to set alerst in Tastyworks but this has its own issues, especially if you have no wifi or internet at the time the alert triggers. You then have no way to know to close it until its too late. Tastyworks tends to be very problematic in this area. Sadly TOS have no plans to make themselves accessible to the UK. So I'm looking for other Trading platforms where its possible. If Webull introduce this then it would be the solution to my problem
When using a the mobile app, If you purchase a contact at $1.00 and the contact goes in your favor and its now at $2.00. If i were to set a stop loss of %10, is the app going to be set it at the point of purchase, $1.00, or is it going to set the 10% stop loss from the current price, $2.00? This would be for an options trade.
can you guide on how to put a stop-loss on option if the stock price falls below a number. for example - i bought AAPL calls at 1.50 stock price at 150. now i want to put a stop-loss if the stock price goes at 148.
Hi Ghost, good question, I cover this in my other two videos, but this unfortunately does not work in pre-market. This is how it works for all brokerages. Hope this helps!
I can't think of a more innovative way to earn from the financial market other than having a professional guidance through and through. You'll be surprised at how far one can go with some help...
Would you recommend this for options with long expirations? I had one option drop 40% in a couple days but I never had a stop loss and continued holding and eventually sold for 25% profit the week after
It depends on how you’re trading.. You could’ve very easily got burnt and it never recover in time for ur EXP making ur contracts worthless. But if you’re trading with technical analysis and you see okay i’m down 40% but it’s got heavy support here and i’m predicting a run up if it breaks this resistance than yeah that’s better and u could even average down but 40% is pretty steep. Stop losses are nice because they can prevent that and u just cut the loss and keep it at a minimal loss and move on instead of having emotional roller coaster and crossing ur fingers that it’ll play in time. Sounds like u got lucky but options aren’t as forgiving as shares are so good luck and be careful
I hate that the order shows 1.40 and the stock price is really $58. That’s confusing. Is there a way to set the order price what the actual price of each share is?
I set up a stop loss with my buy order. When the order is submitted and I want to add to the position I find that the stop loss will not match the position shares. Is there a way for the stop loss to follow how much shares I have if I want to add or remove shares from my position?
thanks for video. how do you change the size of the L2, and how do you have the position and orders tab vertical rather than horizontal, and combined in one tab?
Can Webull desktop and/or Android app do contingent option orders? Similar to what is shown in the vid, but not triggered on the price of the option itself. Based instead on the price of the underlying being touched or crossed. So if I have an OTM short put open at a $40 strike, I'd like to have a buy to close order at market ask price (or mid price + 25%) if the underlying price trades at $41. Can you do a video showing how to create that contingent stop order?
Hi C Puzz, great question. I actually only think E-trade has that option from my knowledge, but even then, contingent option orders have been known to really screw you on the fills. I would highly recommend instead setting up alerts at price points then evaluating from there. A massive candle vs a gradual grind to a price level can really make the difference on a price and fill. You can do this on Webull!
Can you do a video on how to close the short strike of a credit spread in Webull Desktop and/or Android app? For the situation where a big gap or body gap forms over the spread and it's likely to keep going and it's advantageous to let the long strike run, but buy back the sold leg. I see there is "Create new order" for closing both legs of a vertical before expiration, but how do you close just one strike?
I have a question. I set a stop at 1.70 and it was filled at 1.10. I checked to see what the bid and ask were right after and they were both higher than 1.10. And this happened during the day not after hours. Why would this happen.? $60 seems like a large gap.
Hi Desirae, did you place a stop loss order or a stop loss limit order? It's possible that the option you selected has really low volume which meant that the nearest option buy order that was available was 1.10! Sorry to hear, but unfortunately that's the risk of stop loss orders for options, especially low volume contracts.
Hi, the pending stop loss order for options wouldn't show as a horizontal line on the stock chart because options have a lot of factors that play into price!
Hi Mauricio, an option pricing is 100x of the price. 1.45 would translate to $145 ROUGHLY. Option pricing is quite complicated, I might actually make a video on it.
Good question, so my strategy really depends on the stock and price action, relative to overall market conditions. As for the stop loss, you can modify it to move it! I normally never cancel a stop loss to place a new one since you can just modify it when you right click the order!
Dude I play like 10 plays daily at market open with 15-20 contracts I don’t have time to adjust the stop price and limit price with this volatility, I have hotkeys , just make a video where you just send a stop limit at 50% that’s all , options is fast pace
![How To Use Market Profile [START NOW] | Trading Tutorials](http://i.ytimg.com/vi/bpravMgflLc/mqdefault.jpg)
![How To Use Market Profile [START NOW] | Trading Tutorials](/img/tr.png)
Be sure to check out my Webull Stop Loss video too!: ua-cam.com/video/5TXA4B8VK44/v-deo.html
My trading Videos playlist: ua-cam.com/play/PLMj9DuDDCiQkZA1F62syXbb6EzhWRydYZ.html
If you just want Webull only videos: ua-cam.com/play/PLMj9DuDDCiQnYJHaDmh2QgTrGwqN7Wt7Q.html
Ur voice is so calming, ty for this clear explanation!
Thank you. It helps tremendously.
Super Helpful & Great Content
Excellent explanation, liked & sub.
Bro thank you. You honestly made this super simple to understand. I will definately check out your other videos I’m extremely excited to start trading!!
Thank you so much this video and all the others you have done are so helpful and informative and your voice is so calming. Keep up the great work..
this is the first vid of you that i watch and i loved it, keep it up man, subscribed!!
Thank you for your kind words! Thanks for watching, hope it helped you! Subscribe to see my new videos I have queued up!
hi. is there a way to use the stock's spot price as stop for my options contract? that it would close in whatever premium is at that point?
Hey there, I'm wondering if it is possible to set a stop loss on an option contract using the price of the underlying stock rather than the options premium?
Thank you for making this vid, very helpful.
Very helpful thanks
Thank you for your kind words! Thanks for watching, hope it helped you! Subscribe to see my new videos I have queued up!
The only channel with live demo, thanks a lot hight appreciated
Haha I try to help in any way I can! Glad to hear you like the live demos!
what would the stock price be though at your stop loss? thats what i need to figure out now
Great video, thank you so much!
You're welcome man! Thanks for watching, hope it helped you!
This helped me alot. Thanks
Love this video, was looking for a live one as well! Thank you.
How do you do this on the mobile version for options??
if you have a stop loss active, and you try to sell MKT order to take gains, will it override the stop loss? or will you have to cancel the stop loss order first and then sell MKT to take gaIns?
Watching this video after having lost 11k cuz i didnt put a stop lost, thanks man! Here i go again!
Hi Thanks for the information regarding the option, I have a question, can you buy before the market opens by placing a limit?
Great question! Yes, you can buy stocks before market opens by placing a limit order. Make sure it's a "Good to Close" or "GTC" order and not just during a market hours order. Also, depending on your brokerage, you might still be limited. Which brokerage are you using?
Thank you very much for answering, I'm using Webull, I don't know if that was the question. And I have another query, how do I place Stop Loss when I buy options?
Thanks for this tutorial as I was struggling to understand the stop loss/limit orders on the webull platform
You're welcome man! Thanks for watching, hope it helped you! Subscribe to see my new videos I have queued up!
thanks my guy great vid helped a lot
Hi Victor, Do they have a stop loss/take profit order for options?
I’m curious on this as well! Did you find the answer?
@@Spysparda Nothing automatic.
So you can't get out by setting a ETF market price?? I like Bull put spreads and if the stock price dropped to withing 5 points of my spread I would like to close to eliminate the risk of being assigned.
Learning options nowadays, what is the significance of the $1.5 limit price when nio is trading in the 40s? How come in options, it’s just not the current share price?
Is it possible to have a trailing stop loss with options?
Hi @Robert Rayhart, it is possible to have trailing stop losses on options, but Webull has implemented it yet! Some other brokerages and platforms like ToS do. But I wouldn't be surprised if Webull adds it soon!
Hi @Robert, I have released a Webull Trailing Stop Loss video! Check it out, I think you'll enjoy and learn from it! ua-cam.com/video/Ttmlppsp_PA/v-deo.html
@@BaracudaOfficial Nice! Just watched it again, so there is a trailing stop loss with options on Webull now? Did they update it and add one?
@@BaracudaOfficial @Robert Rayhart I have been taught trading via TOS platform. This is unavailable in the UK. I'm currently looking for a trading platfrom where options have a stop loss implimented. I'm currently having to set alerst in Tastyworks but this has its own issues, especially if you have no wifi or internet at the time the alert triggers. You then have no way to know to close it until its too late. Tastyworks tends to be very problematic in this area. Sadly TOS have no plans to make themselves accessible to the UK. So I'm looking for other Trading platforms where its possible. If Webull introduce this then it would be the solution to my problem
thanks> this wwas a big help
You're welcome! I'm happy to hear this helped you! Thanks for watching. Subscribe to see my new videos I have queued up!
Is it possible to have a a stop loss and a take profit at the same time for options?
Quick question. Do you have to cancel this order first before then creating another sell order in the case you want to take profits?
When using a the mobile app, If you purchase a contact at $1.00 and the contact goes in your favor and its now at $2.00. If i were to set a stop loss of %10, is the app going to be set it at the point of purchase, $1.00, or is it going to set the 10% stop loss from the current price, $2.00? This would be for an options trade.
Thank you
Thanks very helpful
You're welcome man! Thanks for watching, hope it helped you! Subscribe to see my new videos I have queued up!
Does this only work on desktop or on your phone as well?
Very helpful, thanks!
Is this on the app as well?? I trade off my phone...
can you guide on how to put a stop-loss on option if the stock price falls below a number. for example - i bought AAPL calls at 1.50 stock price at 150. now i want to put a stop-loss if the stock price goes at 148.
Is it possible to do stop loss on vertical spreads or debit spreads in Webull?
Sometimes I can’t control my emotions so this will definitely help.
That's awesome to hear! Yes, this honestly has both helped and saved me a ton of times!
Anyone lose more than 1000$ i can recovery 20% from his amount
Can you do this with credit spreads also?
This work pre market. Thanks so much
Hi Ghost, good question, I cover this in my other two videos, but this unfortunately does not work in pre-market. This is how it works for all brokerages. Hope this helps!
great vid, straight to the point
Thank you! Means a lot! Subscribe and stay tuned for my next videos!
Damn dude thank you!
Thanks Man!!
Thank you for your kind words! Thanks for watching, hope it helped you! Subscribe to see my new videos I have queued up!
Is there any way to do percentage stop loss for options? I can’t see it only for shares.
I been trying to figure out, for stocks you can also have trailing stop loss orders as percentage or dollars. This would be clutch for options
Is there a way to create a stop loss on the price ladder? Instead of going through the order book page.
Is there a way I can cash out the profits I make on a stock and still keep my original position on Webull?Thanks in advance.
Thank you so much for this
Can u make a video on your webull overlay, it’s so clean for options trading
extremely helpful and clearly explained! keep up the great content!
Thank you for your kind words! Thanks for watching, hope it helped you! Subscribe to see my new videos I have queued up!
I still don’t understand how you set a option stop loss, can you explain it step by step?
Can you set a stop loss for a credit spread on Webull? I've been trying to learn how to do this in general as whole.
Is there a way to set a take profit order while the stop limit order is active
What does it mean when someone says they got in at .5 or .35?
I can't think of a more innovative way to earn from the financial market other than having a professional guidance through and through. You'll be surprised at how far one can go with some help...
No Truer words have been spoken today
I tell my coworkers this all the time, they tend to prefer taking on trading themselves despite suffering huge losses over the past couple of months.
@@chriskitzlinger Hopefully they'll learn in due time and seek proper guidance...
@@loualtivo thanks a lot! I just left him a message
Thanks i needed this soo bad
You're welcome! Thanks for watching, hope it helped you! Subscribe to see my new videos I have queued up!
@@BaracudaOfficial i got it this time Thanks
@@nathaniel2153 Great to hear!
Would you recommend this for options with long expirations? I had one option drop 40% in a couple days but I never had a stop loss and continued holding and eventually sold for 25% profit the week after
It depends on how you’re trading.. You could’ve very easily got burnt and it never recover in time for ur EXP making ur contracts worthless. But if you’re trading with technical analysis and you see okay i’m down 40% but it’s got heavy support here and i’m predicting a run up if it breaks this resistance than yeah that’s better and u could even average down but 40% is pretty steep. Stop losses are nice because they can prevent that and u just cut the loss and keep it at a minimal loss and move on instead of having emotional roller coaster and crossing ur fingers that it’ll play in time. Sounds like u got lucky but options aren’t as forgiving as shares are so good luck and be careful
I hate that the order shows 1.40 and the stock price is really $58. That’s confusing. Is there a way to set the order price what the actual price of each share is?
I set up a stop loss with my buy order. When the order is submitted and I want to add to the position I find that the stop loss will not match the position shares. Is there a way for the stop loss to follow how much shares I have if I want to add or remove shares from my position?
Can you create a video on how you created your options trading layout on Webull?
thanks for video. how do you change the size of the L2, and how do you have the position and orders tab vertical rather than horizontal, and combined in one tab?
nvermind i found it, needed version 4
@@VocalSynthUtau Glad to hear you found it! Yup, version 4 has implemented so many great features, I love it!
Thanks so much bro
Can you do this on mobile?
Can Webull desktop and/or Android app do contingent option orders? Similar to what is shown in the vid, but not triggered on the price of the option itself. Based instead on the price of the underlying being touched or crossed. So if I have an OTM short put open at a $40 strike, I'd like to have a buy to close order at market ask price (or mid price + 25%) if the underlying price trades at $41. Can you do a video showing how to create that contingent stop order?
Hi C Puzz, great question. I actually only think E-trade has that option from my knowledge, but even then, contingent option orders have been known to really screw you on the fills. I would highly recommend instead setting up alerts at price points then evaluating from there. A massive candle vs a gradual grind to a price level can really make the difference on a price and fill. You can do this on Webull!
Thank you!
Thank you for your kind words! Thanks for watching, hope it helped you! Subscribe to see my new videos I have queued up!
Can you do a video on how to close the short strike of a credit spread in Webull Desktop and/or Android app? For the situation where a big gap or body gap forms over the spread and it's likely to keep going and it's advantageous to let the long strike run, but buy back the sold leg. I see there is "Create new order" for closing both legs of a vertical before expiration, but how do you close just one strike?
Anyone know how to an execute 1 option at expiration when you have multiple orders
is it possible to set up Stop Loss and Profit Stops in options contracts?
Hi palmajh5c, that is an OCO order, but unfortunately, Webull doesn't have it for options. I would set up alerts instead which should work!
My teacher tells me I should be setting my stop loses at 60 percent but idk how to add that 60 percent into my stop loss please help me
I wish you could set SL but sell without having to modify it to a limit order
I have a question. I set a stop at 1.70 and it was filled at 1.10. I checked to see what the bid and ask were right after and they were both higher than 1.10. And this happened during the day not after hours. Why would this happen.? $60 seems like a large gap.
Hi Desirae, did you place a stop loss order or a stop loss limit order? It's possible that the option you selected has really low volume which meant that the nearest option buy order that was available was 1.10! Sorry to hear, but unfortunately that's the risk of stop loss orders for options, especially low volume contracts.
where do you get 1.45 from....... thats not the price
Does the pending stop loss order show as a horizontal line on the stock chart?
Hi, the pending stop loss order for options wouldn't show as a horizontal line on the stock chart because options have a lot of factors that play into price!
@@BaracudaOfficial Thinkorswim shows it. That’s the reason why I ask.
I don't understand the 1.45 vs the stock price og 166 etc. Where did 1.45 come from? Why are u not entering stop loss 161.00 vs 1.45?
Hi Mauricio, an option pricing is 100x of the price. 1.45 would translate to $145 ROUGHLY. Option pricing is quite complicated, I might actually make a video on it.
What is your strategy for taking profits w/ options. Do you move up your stop loss or do you have to cancel the stop loss to put in a sell order?
Good question, so my strategy really depends on the stock and price action, relative to overall market conditions. As for the stop loss, you can modify it to move it! I normally never cancel a stop loss to place a new one since you can just modify it when you right click the order!
Thank you for making this, couldn't figure this out on my own
You're welcome! Thanks for watching, hope it helped you! Subscribe to see my new videos I have queued up!
I right click on the positions and it does not have the option to set stop loss
Hi Mauricio, you would have to click "close position" then on the order tab that pops up, then select the stop loss like I showed in the video!
Dude I play like 10 plays daily at market open with 15-20 contracts I don’t have time to adjust the stop price and limit price with this volatility, I have hotkeys , just make a video where you just send a stop limit at 50% that’s all , options is fast pace
I wish you did the actual trade that made money 😢😊🎉
I feel like this video could have been made in under 2 minutes.
Thank You!