This is probably the best video that explains not only what each market order does but gives examples why each one should be used for beginners. Thank you!
Once upon a time there was a man bored with nothing much to do during the lockdown. Then one day he came across a youtuber, the Humbled Trader. He watched her video, smashed the like button, also the subscribe button. Ever after that he has been leading a happy life now❤️🙈. And that man is none other than me. More to come to the story in the next video's comments. Thanks for making our lives great @Humbled Trader.❤️
Trading Tip for my fellow beginners: With OCO (one cancels other) sell orders Make Sure the lower priced order Is A Stop order. On two occasions I've set up an OCO order on TOS when I was going to be away from my computer for a bit and as soon as I put the orders in I heard the 'transaction' sound and was like "EXPLICATIVE, EXPLICATIVE, EXPLICATIVE". I had put in two limit orders, and since the current price was above my lower order it triggered...I'm still trading with a cash account (with a goal for margin in January, when I'm more consistent) so I didn't have the buying power to just buy back in. I took a paper cut one time, and the second PEIX went from 6.60s to 7.10ish and I totally missed the move. There will not be a third time.
I was sitting at my desk late at night getting my watch list ready for tomorrow. I thought I would catch up on some of Shay's older videos that I missed and as usual, I learned something. Thank you, Shay, I gave you a like and a heart👍👍👍💗
Everyone said humble trader is very nice, really she is nice. Have to learn a lot from the humbled trader. Lot of goodness and lot of intelligence all together a very good combination. Love You❤️
Dropped a limit order on PLTR for 9.25 this morning, buy the stock at what your willing to pay for it, not what the market demands in that given moment.
Limit orders FTW! I just get annoyed when the price drifts just out of range of and doesn't return to my limit order price! Overall it's still worth it though! Thanks for another great video!!! I love learning from you!
@@HumbledTraderOfficial holy crap that would be so helpful! Thanks so much for the reply! I'll look into which platforms have that! The more reason to Not use Robinhood if one is a trader!
@@HumbledTraderOfficial Do you know if there is a way to do that on TOS (Think or Swim)? I usually have to keep adjusting my buy limit order up when I try to buy a stock (or more commonly for me) an option at price between BID and ASK listed for it . . . Usually start with the mid and work up a cent or two if the market is moving and I want in at decent price. . .
Thank you thank you thank you!!!! You’ve issued the next explanation of this for me. I’ve gotten caught holding bags many times in a short period of times. I’m so grateful!!!
this came to me at such an increadible timing ... i think ive been through a lot of what youve just spoke about... thank you for the video and also for all the great content you keep uploading here :)
At first, I didn't know wtf you was talking about. Not a word. I just liked watching a pretty girl talk bout daytrading. It all sounded like jibberish to me. But I now understand. I use your day trading videos to help make me a better long term investor/trader. This video teaches me how to get rid of market order slippesh. This video is my second aw haw moment with you... thanks
Can you have positive slippage on stop orders. Let’s say that you have a sell stop order at $22.00. It hits exactly $22.00, then bounces very fast. Let’s say the next available price is $22.25, Could you get a partial or no fill at $22.00 then the rest of the shares at $22.25?
Hello Humbled Trader GREAT VIDEO about the different types of orders., I would like to see a video of you trading live and using limit orders. It will help many novice traders. Thanks in advance
I just started trading about 2 weeks ago and your videos have been really helpful. I did not know about the trailing stop orders and will definitely be using them now.
@@jboyden63 I understand the basics and with paper trading there's no stress of losing money so I prefer to learn how to deal with that stress in real trading. I'm practicing day trading with companies like Microsoft and Nvidia so if things don't go my way I would just hold the shares as long term investments. I'm already up $1000 but I'm not letting it get to my head and I'm only working with what I'm willing to lose.
It took me way too long to figure out how to use stop orders to open positions. OCO orders are changing my trading career. Being able to set and forget my trades relieves so much anxiety and gets me way better entries and exits. In TOS and Webull at least you can set them to GTC.
thank you so much. i was so confused why my stop limit didn't get filled and i lost my butt one day. Now I know the difference between a stop limit and stop market! You are the best!
I'm still learning but after experimentation I don't have a stop loss order. Just a take profit order. If it fails my objective I set a sell order later to sell above what it cost including fees. Unless you must have your money back instantly this works ok.
Learnt so much from you the past week im a nube to trading. I will get the “Lamborghini money” in no time 😂 and you pole dance too. You are awesome and unique do u and i will smash the like button for the bad jokes take care and keep the videos coming. We appreciate u
Thanks for sharing this video. I've looking for ages how to set up a stop loss and sell my stock in one order. Finally I was able to understand that it can be done via Bracket order
It's interesting to hear her point of view on these different order types. She comes off more blunt, but it's what we need to know and hear. I always get confused with Stop Limits and Stop Market. I'm like, "what the **** is the difference?!?!" Limit doesn't seem to fill when stopped compared to market. I can see myself only sell at Stop Market when I need to get out at a certain price. Otherwise, I'm using plain old Limit sell. Joining the Bid or Joining the Ask, I don't even know what that means lol. I say forget all that and just look at the intraday charts to determine your entry point.
Let's say I'm interested in buying a stock or ETF to hold long term, and I'm interested in guaranteeing the trade will go through that day, is there a guide on the limit I should set to get a bit of savings on the final price I end up paying? Thank you.
I don't see any videos of actually implementing and how to implement these trading techniques. I'd really love to see exactly how step by step to put in these orders.
gtc are only cancelled by ft's. not all limit orders are gtc. watch out for break-ups on limit order blocks that are not square. this can happen on any order really if you don't back test the volume data. don't stray on your limits... ever. other than that, you did a bang up job on this one.
Hi there, I was reviewing your video again for a specific information. This is regarding buy stop limit if this is term to be used. What I would like to know is if I can place an order before hand, a stock currently trading $87 and I know that if it reaches $100 then there will be a pull back say 95 before it goes higher and if I can place this order before the stock reaches $100. Do I do this under buy stop limit where I place buy order with stop and put stop price as 100 and limit price at 95. I live in Canada and any brokers that allow this in there platform. I use RBC but they don't have such an option. The limit order should be same as the stop like $100 or higher which defeats the whole purpose of buying the pull back before trending higher. TIA 😁
I just tapped on this video and just so happens yesterday. I did some stop order limits orders where I thought I was getting them out is not where I got them at because the time in between me setting it, and them placing it The price jumped up four cents higher than when I purchased it for Alicea. I thought I was making the limit order I guess their computer systems were slower than the system was ringing up cents if that makes Sense😅
I've been trading my self for 3months and I've blown my account after every trade like wtf it was so frustrating till I enrolled in Pro trader master class now I can place accurate trade with signals
Hello! Congrats on your videos. I am starting my career as day trader and yours is one of the resources to learn I have chosen for that. So, first, thank you for the videos. Second, do you have like a list of all your videos so I can build my learning plan? Thank you!
@Humbled Trader. Do you use stop loss in your tradings? . How do you exit your positions?. I am trading with bracket orders with IQEdge and i am really struggling with my exits. IQ Hot keys are useless to exit as it only highlight the limit price, and then you have to click again the sell button and click one more time to confirm your execution . Any advice ? Thanks for your videos, keep up the great work!
That's the best explanations I've seen on those order types. Having you explain situations in which one or the other would be used was appreciated. Thanks again. Nice necklace btw.
Thanks for the time you spent making the videos, I am trying to start myself in this market and I believe that you are the best youtuber to convey the reality of what a trader really is. Thank you very much, could you make a video of top 5 books could help?
God bless you Humble trader thanks for your great content I’ve been in the stock market since I was 19 but just started getting in to day tradeing a week ago
Hey! I have another question: for Bracker orders (11:22), what if one's limit buy order fills, but the price stays so stagnant afterwards that neither the limit sell nor the stop loss trigger? Then if that person doesn't check and manually exit the position before the end of the trading day (since they are busy), they would have to be stuck in the position overnight right? Are there any strategies to combat this, other than to just keep a close eye on one's position before market close? Thanks!!!!
I can say that you will be stuck with the position overnight if the stock doesn't drop and hit your Stop loss market order or take profit Limit order before market close. You can set the OCO bracket in think or swim to be effective as soon as market opens -- market close for future days by using a GTC instead of Day indicator. The GTC( Good till canceled) will renew the bracket every day, and you can adjust your bracket however you want overnight and put in a new OCO to become effective for the next day and however long you want it to be effective. . . .THE BIG PROBLEM IS THAT THE STOP PART OF YOUR OCO ORDER WILL NOT BE EFFECTIVE OVERNIGHT OR DURING EARLY/ AFTERMARKET TRADING. If the price drops well below your stop overnight it will sell at whatever price it can find below your stop loss level which can really be bad. . . . one of the problems with holding stock overnight. Sometimes it will gap up --- sometimes it will gap down. . . .Pre and Post Market 7-9:20AM to 4- 8 PM trading on TD Ameritrade will accept only limit orders for these hours, so if you want to sell it back or buy to cover during these times you can put in a limit order on the take profit side and wait for it to go up OR use a limit sell order to sell the stock/ cover buy for short position as a loss prevention that will execute to sell the stock back at the price you determine or better which I've done before , but it will go into effect immediately and will have to be at the current market/ bid/ ask price or lower than market price when you sell back to prevent further losses or lock in gains you have already made. . . .
How did you know my name is Mike Bagholder? Lol. Thanks for all your videos and knowledge. Keep up the great work and congrats to the success of your channel. Between you and tradertv our of Toronto it makes me proud to be a fellow Canadian with all the amazing "free" content to help teach us along the way 🇨🇦
I'm starting to learn about trading and this girl is definitely my role model, she makes me feel I can do It too✌️
She's awesome
Has great jokes too
How is your daytrading going on ?
So crazy I started following her at 1k followers. So cool to see. She really worked her ass off to get where she’s at
Humbled Trader absolutely!
Humbled Trader I really liked your statistic rubric for excel! I was looking into doing algo and backtesting at the time and it’s still of interest!
You are an amazing teacher. Thank you very much!
This is probably the best video that explains not only what each market order does but gives examples why each one should be used for beginners. Thank you!
Once upon a time there was a man bored with nothing much to do during the lockdown. Then one day he came across a youtuber, the Humbled Trader. He watched her video, smashed the like button, also the subscribe button. Ever after that he has been leading a happy life now❤️🙈. And that man is none other than me. More to come to the story in the next video's comments. Thanks for making our lives great @Humbled Trader.❤️
The best explanation of Stop and Limit Orders! I have seen many but this one is hands down the best!
Trading Tip for my fellow beginners: With OCO (one cancels other) sell orders Make Sure the lower priced order Is A Stop order. On two occasions I've set up an OCO order on TOS when I was going to be away from my computer for a bit and as soon as I put the orders in I heard the 'transaction' sound and was like "EXPLICATIVE, EXPLICATIVE, EXPLICATIVE". I had put in two limit orders, and since the current price was above my lower order it triggered...I'm still trading with a cash account (with a goal for margin in January, when I'm more consistent) so I didn't have the buying power to just buy back in. I took a paper cut one time, and the second PEIX went from 6.60s to 7.10ish and I totally missed the move. There will not be a third time.
I was sitting at my desk late at night getting my watch list ready for tomorrow. I thought I would catch up on some of Shay's older videos that I missed and as usual, I learned something. Thank you, Shay, I gave you a like and a heart👍👍👍💗
Ive watches like 10 videos on this and on yours i actually understood the difference between stop and limit thank you
Officially my favorite Trading instructor!! Made it all so easy to understand....
Good info!
Sounds like
Buy with Limit Orders - Sell with Stop Market Orders
Is the way to go!
Tysm for making a video that actually puts the order types in context and doesn't just give the definitions!
Finally someone could explain it properly! Thanks!
I finally understand! Great explanation!
I disagreed with you, market order is for active day traders but wait why I'm here !! Love your personality keep it up
Great video post! Nice & awesome video!
Everyone said humble trader is very nice, really she is nice. Have to learn a lot from the humbled trader. Lot of goodness and lot of intelligence all together a very good combination. Love You❤️
AT excellent explanation and it is very clear. Kindly elaborate more on the bracket order
Dropped a limit order on PLTR for 9.25 this morning, buy the stock at what your willing to pay for it, not what the market demands in that given moment.
Limit orders FTW! I just get annoyed when the price drifts just out of range of and doesn't return to my limit order price! Overall it's still worth it though! Thanks for another great video!!! I love learning from you!
@@HumbledTraderOfficial holy crap that would be so helpful! Thanks so much for the reply! I'll look into which platforms have that! The more reason to Not use Robinhood if one is a trader!
Limit orders have many advantages over direct orders,NVTForex thanks you
@@HumbledTraderOfficial Do you know if there is a way to do that on TOS (Think or Swim)? I usually have to keep adjusting my buy limit order up when I try to buy a stock (or more commonly for me) an option at price between BID and ASK listed for it . . . Usually start with the mid and work up a cent or two if the market is moving and I want in at decent price. . .
Thank you thank you thank you!!!! You’ve issued the next explanation of this for me. I’ve gotten caught holding bags many times in a short period of times. I’m so grateful!!!
Stop market order (sell) 11:20
Bracketed buy order
Thank you
D•i•r•e•c•t•r•e•s•p•o•n•s•e•o•n•w•h•a•t•s•a•p•p•
+1:9•1•9•7•2•6:8•2•2•6.
love her videos. she is SOOOOOO pretty and kind on her videos!!!
this came to me at such an increadible timing ...
i think ive been through a lot of what youve just spoke about...
thank you for the video and also for all the great content you keep uploading here :)
At first, I didn't know wtf you was talking about. Not a word. I just liked watching a pretty girl talk bout daytrading. It all sounded like jibberish to me. But I now understand. I use your day trading videos to help make me a better long term investor/trader. This video teaches me how to get rid of market order slippesh. This video is my second aw haw moment with you... thanks
Can you have positive slippage on stop orders. Let’s say that you have a sell stop order at $22.00. It hits exactly $22.00, then bounces very fast. Let’s say the next available price is $22.25, Could you get a partial or no fill at $22.00 then the rest of the shares at $22.25?
I swear you read my mind, I've been looking for a vid like this
You are right market orders suck, if you are a day trader. Found that out on my first trade I ever made.
Keep them coming Humble Trader, you’re a genius. Love your humour too...
Hello Humbled Trader GREAT VIDEO about the different types of orders., I would like to see a video of you trading live and using limit orders. It will help many novice traders. Thanks in advance
You are the few people that I watch the comercial because the cause you, teaching us to be better. Thank you o espanol gracias
I just started trading about 2 weeks ago and your videos have been really helpful. I did not know about the trailing stop orders and will definitely be using them now.
Paper trade! To get the hang of it
@@jboyden63 I understand the basics and with paper trading there's no stress of losing money so I prefer to learn how to deal with that stress in real trading. I'm practicing day trading with companies like Microsoft and Nvidia so if things don't go my way I would just hold the shares as long term investments. I'm already up $1000 but I'm not letting it get to my head and I'm only working with what I'm willing to lose.
Humbled Trader always brings the goods!!! Good explanation given precisely and concisely.
I really enjoyed this video. Not only the content is excellent but also the presenters charisma.
You are funny explaining the various orders...I like use the limit order when buying or selling for a profit. Stop market order to minimize my loss.
Great breakdown. Shame Robinhood doesn’t have bracket orders
It took me way too long to figure out how to use stop orders to open positions.
OCO orders are changing my trading career. Being able to set and forget my trades relieves so much anxiety and gets me way better entries and exits. In TOS and Webull at least you can set them to GTC.
Hi Shay! Thank You so much for your straight forward clarification. You made a complex trade simple to understand. Keep up the great work!
Fantastic explanations of the benefits and caveats!
She is awesome. I love her clarity and enthusiasm.
Thank you for this! Really helped solidify the concepts and the uses!
excellent one. I have got a question, what happens to the stock if I use Bracket Order with a high limit that cannot be filled in a day?
It’s learning the basics and fundamentals that will lead to consistency you gotta know to operate the lambo before you drive and wreck it 😊
Beautiful...Great info..UR a natural teacher..🍏
Quick question: Do i make a bracket order/trail order after i bought the share? or is the stop sell orders included with the buying order? thank you!!
I always enjoy and appreciate your content. My lamborghini appreciates it also.
@@HumbledTraderOfficial YOU are the lamborghini of youtube, in a sea of Ford Pintos :)
thank you so much. i was so confused why my stop limit didn't get filled and i lost my butt one day. Now I know the difference between a stop limit and stop market! You are the best!
Thank you 🙏 very helpful.
I'm still learning but after experimentation I don't have a stop loss order. Just a take profit order. If it fails my objective I set a sell order later to sell above what it cost including fees. Unless you must have your money back instantly this works ok.
Learnt so much from you the past week im a nube to trading. I will get the “Lamborghini money” in no time 😂 and you pole dance too. You are awesome and unique do u and i will smash the like button for the bad jokes take care and keep the videos coming. We appreciate u
Thanks for sharing this video. I've looking for ages how to set up a stop loss and sell my stock in one order. Finally I was able to understand that it can be done via Bracket order
It's interesting to hear her point of view on these different order types. She comes off more blunt, but it's what we need to know and hear. I always get confused with Stop Limits and Stop Market. I'm like, "what the **** is the difference?!?!" Limit doesn't seem to fill when stopped compared to market. I can see myself only sell at Stop Market when I need to get out at a certain price. Otherwise, I'm using plain old Limit sell.
Joining the Bid or Joining the Ask, I don't even know what that means lol. I say forget all that and just look at the intraday charts to determine your entry point.
I believe some brokers allow setting bracket order to GTC
A trader with a sense of humor! She is awesome.
Thank you. This video is very useful. I am watching it over and over and taking notes.
I like that bracket order style!!!
Understanding these order types and know when to use the right one can really maximize your returns and minimize your stop loss! Way to go!
Shay, an excellent presentation with clarity and conciseness. Limit orders and stop/market orders are definitely preferred. You do very good work.
Let's say I'm interested in buying a stock or ETF to hold long term, and I'm interested in guaranteeing the trade will go through that day, is there a guide on the limit I should set to get a bit of savings on the final price I end up paying? Thank you.
This really helps as I'm starting to learn and preparing to paper trade--thanks!
I just got into the premarket runners this week and limit order usage on WeBull, this video really supports my trading interests at the moment.
I love your energy
I don't see any videos of actually implementing and how to implement these trading techniques. I'd really love to see exactly how step by step to put in these orders.
Love this “for beginners” content! Thank you for sharing 🙌
Can brokers see our stop orders & maybe swing the prices down to grab it & then go back up? You have great humor. Thank you.
gtc are only cancelled by ft's. not all limit orders are gtc. watch out for break-ups on limit order blocks that are not square. this can happen on any order really if you don't back test the volume data. don't stray on your limits... ever. other than that, you did a bang up job on this one.
Hi there,
I was reviewing your video again for a specific information. This is regarding buy stop limit if this is term to be used.
What I would like to know is if I can place an order before hand, a stock currently trading $87 and I know that if it reaches $100 then there will be a pull back say 95 before it goes higher and if I can place this order before the stock reaches $100.
Do I do this under buy stop limit where I place buy order with stop and put stop price as 100 and limit price at 95.
I live in Canada and any brokers that allow this in there platform. I use RBC but they don't have such an option. The limit order should be same as the stop like $100 or higher which defeats the whole purpose of buying the pull back before trending higher.
TIA 😁
I just tapped on this video and just so happens yesterday. I did some stop order limits orders where I thought I was getting them out is not where I got them at because the time in between me setting it, and them placing it
The price jumped up four cents higher than when I purchased it for Alicea. I thought I was making the limit order I guess their computer systems were slower than the system was ringing up cents if that makes
Sense😅
Spectacular video, well done for sure! Thank you so much, be well and God Bless.
It all about trading strategy and signals
I've been trading my self for 3months and I've blown my account after every trade like wtf it was so frustrating till I enrolled in Pro trader master class now I can place accurate trade with signals
Absolutely perfect !!!! Thank you 🙏🏽 x
Good info!!
Thank you for the education. I just started watching your videos and learned so much more than from the major media traders.
Hello! Congrats on your videos. I am starting my career as day trader and yours is one of the resources to learn I have chosen for that. So, first, thank you for the videos.
Second, do you have like a list of all your videos so I can build my learning plan? Thank you!
Simply the best"😊😊
Love your videos (and bad jokes). I’m a beginner, so your videos have helped me a lot. Thank you.
so beginner friendly THANK YOU
Cheers Shay 🍻
@Humbled Trader. Do you use stop loss in your tradings? . How do you exit your positions?. I am trading with bracket orders with IQEdge and i am really struggling with my exits. IQ Hot keys are useless to exit as it only highlight the limit price, and then you have to click again the sell button and click one more time to confirm your execution . Any advice ? Thanks for your videos, keep up the great work!
Thank you for the information you funny girl!
I want to thank you so much for making these videos. They're helpful and informative, and I also like the bad jokes!
That's the best explanations I've seen on those order types. Having you explain situations in which one or the other would be used was appreciated. Thanks again. Nice necklace btw.
Great Vid!
Thanks for the time you spent making the videos, I am trying to start myself in this market and I believe that you are the best youtuber to convey the reality of what a trader really is. Thank you very much, could you make a video of top 5 books could help?
Today shorting for the first time stop loss order? “LMT+Cover” Instantly $200 loss 🙍🏾♂️ Thanks for helping me. ZeroPro is confusing at first 🤣
thanks
Thank I was waiting for this post for lont time 🙏🙏🙏🙏
This was so fun and informative to watch definitely subscribed thanks a lot!
Thanks for your expertise!
can you use this on any trading platform or brokerage, or are they just on certain trading platforms? like could this be done on pocket option trade?
buy limit...but in on a demo.. won 19 out of 30 last trade... also thats a paltry profit im targeting.. scalpel if you call it ;-)
God bless you Humble trader thanks for your great content I’ve been in the stock market since I was 19 but just started getting in to day tradeing a week ago
Great video, really like the graph and the analogy with the sandwich 🥪 😀
I use trailing stop often... after i make the % i want I will keep one option with a trailing stop to run
Hey, thanks for posting another very informative video...hope you and yours are well!
🍻 Cheers Shay!
How to know only Buy Volume?
Your Awesome Humble Trader! Thank you!!!
heyy what do you think about tickmill?just reply
Hey! I have another question: for Bracker orders (11:22), what if one's limit buy order fills, but the price stays so stagnant afterwards that neither the limit sell nor the stop loss trigger? Then if that person doesn't check and manually exit the position before the end of the trading day (since they are busy), they would have to be stuck in the position overnight right? Are there any strategies to combat this, other than to just keep a close eye on one's position before market close? Thanks!!!!
I can say that you will be stuck with the position overnight if the stock doesn't drop and hit your Stop loss market order or take profit Limit order before market close. You can set the OCO bracket in think or swim to be effective as soon as market opens -- market close for future days by using a GTC instead of Day indicator. The GTC( Good till canceled) will renew the bracket every day, and you can adjust your bracket however you want overnight and put in a new OCO to become effective for the next day and however long you want it to be effective. . . .THE BIG PROBLEM IS THAT THE STOP PART OF YOUR OCO ORDER WILL NOT BE EFFECTIVE OVERNIGHT OR DURING EARLY/ AFTERMARKET TRADING. If the price drops well below your stop overnight it will sell at whatever price it can find below your stop loss level which can really be bad. . . . one of the problems with holding stock overnight. Sometimes it will gap up --- sometimes it will gap down. . . .Pre and Post Market 7-9:20AM to 4- 8 PM trading on TD Ameritrade will accept only limit orders for these hours, so if you want to sell it back or buy to cover during these times you can put in a limit order on the take profit side and wait for it to go up OR use a limit sell order to sell the stock/ cover buy for short position as a loss prevention that will execute to sell the stock back at the price you determine or better which I've done before , but it will go into effect immediately and will have to be at the current market/ bid/ ask price or lower than market price when you sell back to prevent further losses or lock in gains you have already made. . . .
How did you know my name is Mike Bagholder? Lol. Thanks for all your videos and knowledge. Keep up the great work and congrats to the success of your channel. Between you and tradertv our of Toronto it makes me proud to be a fellow Canadian with all the amazing "free" content to help teach us along the way 🇨🇦