Learn a Tool - Long & Short Position on TradingView
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- Опубліковано 28 вер 2024
- Learn how to use the long and short position tools on TradingView to calculate your risk to reward ratio and speed up and simplify your cryptocurrency trading and investing process!
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I was unable to get a simple explanation on how the short tool operates and what it actually means as a trade until I fell across this, great vid TY!
I have seen a lot of videos about this topic, but No one has explained it clearly as you did. Thank you so much. You have just added a subscriber to your channel.
LOSER XD
I' m glad you explained what percentage means on the position sizing tool. Other youtube content on this subject fail to give an explanation of something as obvious as that
Excellent, thank you. Ive not found anyone else yet that has explained this ... and so well.
Glad to hear you enjoyed it, Guido!
Are there any benefits to dollar cost averaging profits, i.e. letting it ride for longer? If so, what are they?
What's the number to the right? the one between the percentage and the amount?
Hi, can you actually enter the trade using this tool or does one have to then enter the numbers manually?
Great question, Wayne. You have to enter the trade on the exchange that you're trading on.
@@leutheria5001 I'm sorry to interfere, can u explain that part in detail
@@splashbrother210 Sure, Charles. Once you use the long or short position tool to calculate your entry point, stop-loss level, and take-profit level, then you can go to an exchange like Binance or Coinbase and execute those orders. To set your orders, you can use order types like limit orders or stop-limit orders. The values you put in the limit orders on the exchange will be based on your calculations using the long or short position tool.
@@leutheria5001 thx man
Hey maybe it depends which exchange your using but if your using one thats supported by tradingview you can use the tool to draw up the trade then you double click the rectangle and you can choose create limit order. All the numbers and risk will then be in the order and you just press sell or buy in the limit order.
Thanks a lot! It's hard to find good beginner videos, all of them go really fast and assume you already know the tools. I'm just learning about trading and this was really helpful! Cheers!
Great lecture, exactly what I was looking for . Rare to find such clarity.
Thank you so much man you explained everything crystal clear!
A great tool for planning trades. However, it doesn't seem very efficient to plan it all with this tool to then have to enter all the values in manually afterwards to actually place the trade. Would be much more efficient to have a place trade button with this tool especially if you're trading on quicker time frames like 1 minute or lower.
Anybody trading 1min will most definitely lose money
This is the comment all us newbs were searching for ..........
I can't figure out how to place multiple trades in different places either, for example, if I wanted to place a PUT just below current market price and a CALL just above current market price (to see which way the market will go), I don't see how to place both those pending trades at one time?
Thank you for clear and calm teaching. I learned exactly what I was looking for.
Simple and clear for beginners exactly what I was looking for. Great video bro!
Thank you for making this...excellent!!!!
I'm confused at 15:27 .. how is that the previous low when there is one lower right next to it to the right??
Hey man, i've spent the last hour trying to understand why it increases the "quantity" as you move your stop loss up closer to your buy price on the long position. My portfolio is $100. If i risk say 100% ($100), to buy a $1 stock, (so 100 of them), the quantity should read 100 no matter where i move the stop loss. Consequently, the "amount" in the green profit area is all wrong. For example, say the price target = percentage profit of 50%, that should see me at $150 (amount: $150). This is no longer the case when you move the stop loss around (due to the quantity change).
@@D13GOR yeh, still facing the same issue and no idea why it's the way it is. It's turned me off from using stop losses lol
Have you figured this out cuz this is exactly my question. The quantity and risk part I dont understand. Ill be doing 20x long positions on crypto so how do I get it to reflect that?
Thank you man , Thank you
You really make it simple
Thank you so much for the valuable information.
Cleared a lot of doubts.
Your video was super helpful. I appreciate the details in your explanation of using the tools. Very thorough. Thank you so much!
Very clear tutorial sir, thank you. You've got new subs sir.
Thanks bro. God bless you man!🙏🏾
Hi great vid quick question if u spread the short or low wide or make it skinny can u miss a trade ?
Will the numbers will be taken automatically to limit settings in Binance ?
How do I activate this tool?
Thank you so much for explaining in details. You save me stress. I don't you what's wrong with every videos on UA-cam because they don't explain like this. They teach you as if you already know it
Hi, may I ask how to shorten the horizontal length of these tools. Sorry, just a newbie and having a hard time customizing its size it takes time.... Everytime I plot the tool it reached to the end I have to drag it to shorten the size from left to right side. Hope you can answer me. Thank you
I watch bunch of videos about this still can't fine the answer to my question. After set all of this the candle stick hit my entry point, but the market won't execute why?
I'll watch this a couple of more times. I liked it a lot especially w the mistakes all in real time. It made me pay more attention to each line as you were doing it. Thank you.
Hi, nice video but it is missing one thing. Where does it tell you how many units/Amount you should buy in order to meet those stop/profit limits based on the account size?.
highly understandable clearly ! tons of thanks ! bravo !!
That was super easy to understand, thank you.
Are you using white candles on a white background? Is the background color white?
exactly what i was looking for thanks for your knowledge
You didn't show the order being placed in trade window? Can you do this.
Great video!! I definitely will use this, 1 question that I have I see that this tool can move up or down to put in our stop lost and take profit but I also see that if shrink it to left or right side I see that #'s changes can u please explain that?
Can you explain what the risk box and the lot size box do?
Yes this is what I keep searching for but noone ever explains it. Have u figured it out? Driving me crazy.
This is very helpful! Thank you!
You're welcome! Glad that you enjoyed it!
Hi, how do you choose the heigt of your resistance/support rectangle ?
On the long position Tool i have " Lot size " that's mess my position size calculation.
Do you know how i can delete that ?
You don't have it when you lunch Short or Long Position.
Thank you
more of this type of videos and you will have 100k followers in less than a year! awesome stuff! thanks bro
Thanks, Ricky! We appreciate your support! :D
I tried working it out, its a little more clear now but im still not getting how to active it. It just sits on my screen without activating a trade.
But how do i directly place entry, SL, target with just one click after using this tool ?
Thanks for the great video! but I have a question. TIA im a newbie. Question. why do you (and other investors) make their stops so far below their entry price on long positions? it seems that even losing $1 is too much. Your support price was $36486 and your stop loss was at $34694. thats a $1792 difference. Please explain this.
The stop loss is usually at a price that the trader believes that if broken, price will move much lower, in which case the market would need to be reevaluated. It may be more profitable to buy back later at a lower price for example instead of riding the whole move down. However, price also isn’t up only, it can come down a bit before making its way up to your target. If you set your stop loss too close to the entry price, particularly if you’re entering while price is coming down, the stop loss could hit straight away, unless price goes up only from the moment you buy, which is a highly unlikely scenario.
Low stop loss allows you to stay in the game.
hello Guys, Im new to trading. Can anyone help me out, what is the meaning of amount size,risk & tick? Like what we have to put in amount size & Risk?
I get the long position but not the short position tool. Your entry is 50875 and your exit is 45620? I don't get it. How is that a profit?
Does using this tool actually enter you in to the trade if it reaches ypur entry price or is it kist a reference?
I liked how you explained this can you do one for the fib retrace tool
Great turorial man thanks for the info no one takes the time to explain. Can you share your color scheme please?
Thanks this was very simple. Can you short sell through Trading View?
What was the "ticks" In that rectangular box of inputs? Anyone knows?
Nobody seems able to provide a satisfactory explanation of what the Lot and Risk fields are about. Yet those fields have a direct effect on the "Amount" figures we see in the Target and Stop areas. Why are they included in the tools if we are supposed to ignore them? Also these tools are missing a huge input: Risk/Reward can't be calculated accurately without knowing the probabilities that price will rise to the target vs. price falling to the stop. If the probability of rising to target is twice the probability of falling to stop, then Risk/Reward must be adjusted accordingly. Honestly, these tools seem useless to me as they are not only too simple, but also explanations of how to fully use them are lacking.
How did you connect Coinbase as your broker on Tradingview?
Great video very well explained, hope to see more. Liked and subscribed
What do you put as lot size
My PNL keeps coming up with like 0.0005 and stuff and my qty is sooo high
Can u tell me does the long position tool automatically buy and sell the coin or no?
Great question, Nedas. No, it does not. You can use this tool to calculate your entry, exit, position size, and risk-to-reward ratio, and then login to your crypto exchange of choice and execute your buys and sells. :)
@@leutheria5001 thank you
Thanks! Perfect video, clear and concise.
Youre explaining it very clearly. but i cannot understand for the life of me, how can i profit on a downtrend?!?!
Can you explain the Qty and Amount numbers in the long position - it is not clear how they get calculated? The % risk tolerance affects this.
Under rated youtuber. Love this video.
You explain so well. Thank you!
Thanks but you did not tell us how to execute/place the actual trade.
Thank you! You clarified it all for me 👍 💯
How does this work for options?
Very good vid! I have a question: I understand the tool partially. Because if I want a risk of 2% of my account how do I know which amount I can use? Or is it based on the total amount already?
Thank you for sharing your knowledge to us
Thank you for this video! I've liked and subscribed to your channel because of the value it has provided. I have a question. When entering a trade (after determining your entry, stop loss, and target using the position tools) should you enter at market rate and then go back and set your stop loss and target points? Or should you set a specific entry price along with the other two factors?
Hi Cari, no need to thank us for the video, it's what we do! :D
In terms of your question, we would say it's usually best to set your entry and stop-loss at the same time when you enter a position. Also, if exchanges offer you the ability to set take-profit orders at the same time as a stop-loss, do all three at the same time to save yourself some time!
Very helpful, Thanks :)
Reach channel directly
^WATHSAP^
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Thank you, I learned something from you
Hi there, please explain what the numbers showing AFTER the percent represent on the Risk & Reward tool... the number right after and then the Amount? Thanks
My understanding is the amount after the percentage is the amount of "ticks" from the entry price to the take profit price. Hope that's what you were asking.
I'm in Sydney Aus ... Can you Turn all the numbers on tradingview into your currency? ie $AUS
Thanks for a great intro to the LP/SP tool! Always wondered what the different numbers are, but I just can't wrap my head around how the R2R is important when price conditions changes so much. I mean, that would affect R2R right? Also how do you know that price won't just continue coasting up when you reach your profit target? If you sell everything, then you miss out on a ton of profits. Isn't a stop-loss at the profit target better, to see if you can gain higher levels?
where is the rectangle tool?
My long position tool not working.... It does not buy whenever price hit buy level... What could be wrong?
Great question, Shivang. The long position tool on TradingView is just for charting purposes. Meaning, you cannot actually enter a trade using it. Therefore, what you must do is calculate your entry on TradingView using the long position tool and others, and then head to the crypto exchange you use and execute the order on there. :)
@@leutheria5001 but on my exchange I cannot place a sell order untill I buy the coin. So that way it would not work like that long tool
I need to learn how to calc pips
Hi Dabba, pips are just another way of quantifying a change in price for the asset you're looking at. If you're looking at an asset like Bitcoin that is denominated in USD such as a pairing like BTC/USD, the pips will represent dollars. We hope this helps!
Thanks brother very helpful video
I love your video! Thanks a bunch
If you buy USDJPY, it asks for account size in YEN.
How the hell do you set your actual deposit currency?? .
Or do I have to sit here and convert it to whatever I'm trading every time??
Tradingview interface is HORRIBLE.
Reach channel directly
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Hello, how I can take held a position for 30 minutes?
Great video!!!
Thanks , nice explained
finlly,someone who explined what the stats of this tool mean
What is Quantity?
Nice video.
Thanks
I still dont understand the purpose of a stoploss. Can you not just wait for the price to go at a price where you will make profit assuming the market is not too volatile. If you hold on to the trade you dont lose any money until you close the trade. Like even if you are -$50 you only lose that money if you close out of that trade at that price right?
Hi Steven, yes that is correct. You do not realize any loss or gain until you are exited out of your position. Although, the purpose of a stop-loss is to mitigate your risk of losing money in the short-term. If you are trading on spot (meaning you actual are trading the asset and not a contract or derivative) and you don't use a stop-loss, you can always hold your position forever until it eventually gets to that price again, but that may be a long long time, or it may never return to that price. This one of the reasons why a stop-loss is advantageous because it allows you to exit your position for a small loss when your investment thesis becomes invalidated rather than become a bag holder for an extended period of time.
@@leutheria5001 Oh okay thanks alot
I’ve done everything correctly, ive kept lot size as 1 but my PNL is like 0.0005 and my qty is so high
very informative thank you m Friend
Wait that’s the entry price profit?
At 7:49
Thank you 😊
loved how slow you went on explaining
Reach channel directly
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Hi, What it means acount size and amount in target and loss ?
Hi Jaipal, account size is the total dollar value of your investment portfolio, your target would be where you think price will go to, and your loss if you get stopped out is how much you will lose on the trade.
What's that amount shows at the end of target and stop?
I asked the same question... there are 2 numbers AFTER the percent.. what are they?
@@GRS20100 I still don't know
@@manojkumardahiya that's too bad
i asked in my group. someone will answer i'll let you know
@@GRS20100 appreciate that more than the owner of this channel
My understanding is the amount after the percentage is the amount of "ticks" from the entry price to the take profit price. Hope that's what you were asking.
Where is the profit???
That Bitcoin price...If you only went short man..if only ;)
Thank uuu
Improper voice.
gigachad
BTC PRICE :"(
Holy time when BTC was 60k 🤣
Kinda useless honestly, because what we need to know is how to figure the risk and the account balance in the settings of the indicator. Without entering risk is kinda odd, but who wouldnt wanna know the amount of money your going to make on both ends. I guess I'll keep looking to see how this works exactly with contacts and shares,
Thanks so much, l was looking for this for a very long time. God bless you.
God bless you, Channel of knowledge! We're very happy that you enjoy it. If you know anyone else interested in learning how to take advantage of this tool, share this video with them! :)
Very very well explained!! If you can please do upload a detailed video explaining the Fibonacci Retracement tool too!!