Plan Your Trades With The Long and Short Position Tool: Tutorial
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- Опубліковано 21 чер 2021
- Learn how to use the Long and Short Position Tools on TradingView. These tools are essential for planning your trade out before the trade is actually made. Take a step back, do your research, and visualize the trade on a chart.
This video was created and produced by our Head of Trader Education - Stef: tradingview.com/u/scheplick & / scheplick
The Long and Short Position tools will show your trade on the chart so that you can plan it out before taking it.
Open the tool settings to adjust the parameters of the trade, the colors, lines, and other specific details. These tool can be used on all asset classes from stocks to forex and crypto. Select the tool and then click on your chart where you want to plan your trade.
We hope this helps you do the best research possible. Please leave any questions or comments below.
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Thanks for the info I think many of us in the comments were looking to see if we can create our order from this tool so we didnt have to manually put values in box. Answer is Yes, Right click on you box and click down to CREATE LIMIT ORDER it will fill in the values... But in the box on the side you will still have to enter position size...leverage ect. Good luck learning yall. You got this! Change your life!
🙌
Thanks for sharing! And we'll update this video in the coming months. Stay tuned on our UA-cam profile to learn more.
@@TradingViewis there an update yet please and if so, do you have a link to share?
@@livingright4345 I want to know as well!
@@cobyandcoby8556 I am actually searching for the exact same answer. Do we just set the chart up, or do we still have to fill in the order manually?
I don't know why when I am searching how to use this tool this is the only video that explain it literally. Thanks for explaining it man
Exactly my thought. Trying to figure out how to use it with options.
That's why we made the video! And more videos are on the way.
lol, I was doing this manually by setting up the entry and exit points and calculating the lot sizes and all. Having a visual like this is super helpful
This has got to be the most useful trading video on the Internet. Thank you so much.
Wow, thanks! Best part: more videos coming.
95% of trader lose learn to hold. No one goes from broke to rich without market pain. Stop selling and buying on emotion. Buy. Hold. Get through the pain. In 10years you"ll do great. Don't buy meme coins.
@Aaron Geddes being able to generate profits from those channels right now isn’t a walk in the park, how are you managing the current market trends?
Stocks investing require expectations of the long-term benefits, not just short-term losses or profits.
@Aaron Geddes I need more information on Todd’s services, you got an effective means of connecting with him?
buy and hold is useless for scalping or daytrading
FOMO is the killer :)
I learned so much from this video, even about FVGs. I've wanted to use this tool but no one explained it so well. From now on, this is my go to tool in planning my trades. Thank you TV!
We love comments like this! Also, we are working on an updated video so please stay tuned. Get subscribed to our channel!
It would be really beneficial if you automatically adjusted the lot size based on their risk amount percentage.
Yes, instead of users utilizing an external online position lot size calculator, why not build the calculator function directly into the order panel and long/short position tools. It would be also nice if paper trading allowed simulated leverage trading, wherein you could input the leverage criteria if your broker for accurate real life simulation. For example if your broker provides 50:1 leverage you could enter this.
Mrs Kathi also helped me recover what i lost trying to trade my self thank you great woman God bless you from Finland😇
@@mesonmount9897put a sock in it
Very informative and easy to understand.
Thank you!
This was excellent and clearly explained! Thank you so much!!
Yes good work
Exactly what i was looking for. Thx 🙏
You show the red and green box but failed to show how you actually place trade. I did not see, send or where to click to place trade. Would the trade be automatically triggered once you set it up with the red and green box?
Finally...I'm waiting for this video for a long time️ thanks Michael
Thanks brother I was searching for this video only frm last 4dys today I got it thanks alot 😍😍😍
Is it possible to add different target positions with this tool? Let's say I want to make a 50% TP at Target A then full TP at Target B. I tried playing the settings but I can't find it. Hope you can get what I'm trying to say here. Thanks. Great vid!
thank you for clear teaching yes now i do understand already❤
Awesome Video, finally now I know how to use this tool. Thank you very much.
well explained. it could be more nicer if you briefly explain those lot size, total balance, percentage.
We will make a new video about this.
@@TradingView Please hury up ,i search a lot for this kind of video,I think it will get a lot of views
I second this - a more detailed explanation is required.
@@TradingView Was this "new video" ever made?? There is no clear, detailed explanation (data definition) that I can find for the fields in this tool - including the entry fields and the display fields. One simple example: How do I get the qty to actually display the qty of shares I bought?? Is that what "qty" even is?? The calculations (besides being complicated) shared in the tradingview "how to use" doc (that pointed me to this video) references field value names that are not referenced anywhere else (point value?) and are circular (RiskSize = Risk...??). Please help. I keep coming back to this tool to quickly project what an entry could make - or cost - me! TIA!
@@TradingView ❤😂 free q❤1
Nice video! What is the risk section? How does that effect the position if your manually inputting your lot size, TP, & SL? That’s the only part I’m confused on!
I've been using trading view for a year. I'm finally learning this, will definitely implement it.
Thank you for talking through this demo of the tool
Very well explained! Been wondering how to.use this tool, now I know, thank you!
what are you talking about, he didn't even mention the most basic part of the trade
I appreciate this video so much. Thank you.
Excellent video. Thank you very much.
i was searching for this for two hours THANK YOU
Glad you liked it! And we have more tutorials on the way.
Just what I needed. Thanks! :D
Thanks for sharing your valuable experience.
This video made me understand how to use trade line clearly
AWESOME VIDEO just found it today as i was back testing THANKS...just one question which VPVR are you using it looks so clear and clean ...thank you
Thank you for the kind words! We have a video about VPVR on our channel, please check it out. Also, more uploads coming soon.
Thank you brother for explaining this, I was looking for the explanation for it very longtime hah. All the best to you
Glad it helped!
your explanation helped and was spot on!!!!!
Its excellent. many many thanks for a good explaining.
My position tools data does not look like this and is a little confusing. The way yours is set up it makes sense. Are there specific settings you have set on yours? For example on the long tool, my profit target is 0.00475 (0.40%) 47.5, Amount 1776.14; in the middle, my RR is Open P&L: -0.0073, Qty: 163398 Risk/Reward Ratio 3.1; and my Stop: 0.00153 (0.13%), Amount: 750
I don't know if they've made an update but I'm hoping you can help me figure out what this all stands for. Because there's no way with a $1k account I'm looking at a quantity of 163398.
Thank you and appreciate your time!
other details in this video was helpful and thanks for sharing:)
nice video good explanation thank you for your effort.
Can you please explain what is the "Qty" mentioned above the risk reward ratio at the middle? what does it suggest and how to interpret it?
Yes I want to learn it too.
Please explain the account size, quantity, and amounts. Having a hard time understanding those numbers on this tool. Thanks!
Same here. That's the whole reason I came to this video :-(
@@jackroark6928 Okay we will make a new video about it! Your wish is our command
@@TradingView That would be great, the math isn't making any sense. Acc $1,000; lot of 1; risk 100%; entry price 2 gives qty of 11,111 ?!? Clearly misunderstanding something.
@@TradingView did you make this video yet? Explaining the numbers in the tool?
same. He just basically show how to trade, not really about the parameters of the tool itself that has to be explained!
great video, thank you
great video,,,,question. Does using that tool (short/lomg) actually activate the trade? or do I still have to go to another screeen and put in the numbers?
Right click and 'Create limit order'
Thank you Wow i understand this much better than other videos i watched #subscribed
Thanks for teaching
Thank you so much for sharing very mean more to me
Thanks for the video
This video make me understand how to use trade line clearly
Thank you very much.
Hi, thank you for the awesome video. Can you please explain why the SL amount doesn't change when I adjust the SL level? The TP amount changes accordingly, but the SL amount stays the same. I'm confused
Still waiting for this video, I searched the whole page and didnt see any. Thanks
Same hre
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.
YES. 1000%. This is the best way one could ever plan out an order...but then you have to manually enter it into the order window!! TradingView, there's no way you haven't considered this...can you help us understand why there's no ability to execute the trade from this tool?
Figured it out!
Right click >> "Create Limit Order..."
It will transfer everything into the order panel.
@@elroyblackbean Nice work, now let's get it
@@fredrickcallahan4292 I can't believe he didn't mention this in the video. It's almost like he didn't know lol
@@elroyblackbean Yess, thank you! This crucial info was left out of this tutorial!
Thanks for Sharing Long and short position !
More videos coming! Please stay tuned
Great work
Thanks! Informative!
What does the account size, lot size and risk do in the long or short position tool?
I am still trying to find an answer to this too for years now. I even asked Trading View and they were unable to answer it.
@@amitsuri1872 I figured some of it out. You can put your total account balance in and it’ll tell you what you account total will be after the trade’s take profit or stop loss depending on the percentage of the account you’re risking on the trade.
These are the questions that iv always been having, so when you plan like that,, my concern is on executing trades, so when you plan down those positions the trades you executive will automatically follow that entry stop loss and tp?
This is the easiest understanding of this that I've seen so far
That's what we like to hear! And more updates coming soon
Talk about RSI and MACD! Great Video
You got it! We will make a video about this.
@@TradingView what kind of tool did you use to determine volume of trade on left part thanks.
@@TradingView hi my open p and l keeps going to like 0.00000021 and my quantity is sooo high what am I doing wrong?
Thank you soo much for this video. Much love from Nigeria. Please how can I get this volume profile available?
This is the very first time that I have seen anyone really EXPLAIN the position tool step by step. I have always used it, but I was never sure what the hell I was doing. THANK YOU VERY MUCH
This is what we like to hear! Please subscribe for more walkthroughs and tutorials.
great job bro thanks 👍
Awesome video! Clear and precisely worded. Thank you!
Glad it was helpful!
Thanks for explaining this tool so well. My question is about the account size - suppose i want to invest $10 in a new stock, and thus far my account size is $100, and if i want risk at 1.5%, that would be 1.5% of $100 right? Or would it be 1.5% of $110? Thank you.
Nice vid and very helpful
Thanks for your sharing!
Glad you liked it and be sure to subscribe. We've got more videos on the way
Great video. How do you set up the volume profile like in the AMD example?
VPVR with POC indicator
Glad you liked it! We just made an entire series on Volume Profiles here: ua-cam.com/video/5gsBD-XONRE/v-deo.html
Thanks good explained , just need to lern more of how the % means for me and how to calculate what my actualy loss or winns are , bout this video helps
The video was so great and good
Thank you sweet friend
Very Informative and easy to understand thank you
Glad it was helpful! And we have more videos coming. Be sure to subscribe and we'll let you know about our new videos.
How do you change the trade input to the red and green graph like you have ?
Explained the best
This was excellent and very useful
Glad it was helpful!
Thanks!!
So interesting and educating
Thank you all for your video ❤❤❤
Our pleasure!
How did you make the Fixed volume profit margin appear on the right of the screen? Mine always appears on the left in the middle of all those bars. It looks dirty.
brother can you plz make a complete video on how to draw triangles correctly
Well explained
Which volume indicator is that you're using?
Great job
Any idea how to switch the stop and Target sections? My first box was inserted correctly but my second one has the
I love your explanation very slow and good 👍
Thank you! 😃
Great video
Thanks for sharing
Thanks for watching! And stay subscribed as we have more videos coming and new updates on the way.
Hi it would be more effective if you put a link or share the exact name of the Volume Profile Indicator, cant seem to have access to it .. is it paid or community ?
Please show me how to get the green and red box on my Tradig view chart. I have trying the little I know with trading view but can’t get the red and green box.
Thank you bro
How did you get it to display the volume? I dont see that on Trading view. How do we enable it?
Once you set your position say a sell and create your stop loss and take profit . Is that it trade done? Or have to manually set it?
Eye opener
This is amazing
How did you move the VPVR to the right side of the chart? I can't find help anywhere on this.
Is the lot size how many contracts? Because that was confusing. And also is the amount how much you'd make on this play?
Merci depuis la France. 🙏
I find the tool is good enough in and out of itself! What is this based on btw? ATR etc?
Will you all be uploading the video explaining the numbers a little more? Specifically the risk section?
Yeah, he didint even get into details about those important numbers. Supposed to dive more into that especially the LOT, risk , quantity.
Thank you
well done ty
Hi what does qty represent from the middle of the trade position
what is lot size?
Why don't they explain what any of the numbers mean? That's why I came here!
I actually thought you were going to show us how to actually execute the trade based on those positions on the short/long tool. What button do we hit in order for these trades to take place?
hover over the long/short postion tool once in place, right click, select "create limit order"
@@fredrickcallahan4292 I have a MacBook so the right click function is using two fingers and I still don’t see it.
@@fredrickcallahan4292Thank goodness you are here , I’ve been looking for this answer for weeks, the site explains nothing
Thank you very much❤
You're welcome 😊
As an example from position 7:42
Why can't i simply apply all the settings from it or the settings I made with the tool for short / long position (Target, Open and Stop) with one click?
That would be great, because depending on the situation, it takes too long to set everything up manually with the drawing tool and then enter everything manually.
Entering all the settings that were made with the drawing tool (Target, Open and Stop) for the respective short or long position with one click in the order would be ideal.
you can actually create an order using the long/short tool.. Just right click after drawing it and you can see that option to create order by what you have drawn. The guy didn't even explain about it and i had to figure it out myself. Actually he doesn't give detailed beneficial explanation.
Wow very interesting