Trading Up-Close: Stop and Stop-Limit Orders
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- Опубліковано 2 лис 2023
- When it comes to managing risk, stop orders and stop limit orders are both useful tools, but they aren't the same. Join Kevin Horner to learn how each works and when is the right time to use one over the other.
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you have no idea how much I appreciate all theses videos. working on getting my certification and self teaching is not easy. THANK YOU CHARLES SCHWAB
Great job finding us. Make sure to also check out the Trader Talks by Schwab Coaching as well. There are live classes every day and most are recorded and posted later to review at your convenience. We are here to help. ^CH
They didn't help me for crap.
Thank you! Been looking for a very simple explanation!
I needed to see this💯
Great video! Informative and short video straight to the point. Personally a simple stop order works for me.
Thank you for sharing
Great explination! Thanks.
Thank you 🙏
god video 😊
wow cool thanks for sharing
Thanks, I finally get it… after hours was not something I thought about
I still can't figure it out. there must be more videos about this topic that explain selling when things go up, and buying when they go down. At least thats been my tactic since Oct 31 bull market started. I don't sell stocks that go down, unless I am desperate about something, such as the video mentioned advantages and disadvantages.
Does this only apply to prices going down, buy or selling?
What does Distance for Market mean and it has percentage ?
Does it have to be 100%
How long does it take ?
We assume you mean the distance a market order can go. A market order is set to trigger when the price is hit however if the stock opens lower than the set order the fill can be lower than the price set in the order. Market orders can be placed a percentage below a price point and that percentage is up to you. ^BC
wow cool
Great explanation, thanks !
so im struggling to understand the advantage of a stop limit besides the uniquness of saving you from a afterhours dip which triggers a sell on a standard stop order. Besides that, is a stop the most common way to protect you from a loss?
One of the reasons for using a stop limit order might be to address the situation of a gap down rally. If the stock gaps down below the limit and bounces back, the stop wouldn't fill at the lower price. ^BW
Can a stop limit be added for profit? Stop at 100 limit 150 so would sell the best price between 1010 and 150? Or the max it reaches to; let’s say it reached to 140 only. Or the order will be for 150 and if it’s not reached the shares won’t be sold? Thanks
A stop-limit order typically ensures that you get the price you set, but it doesn't guarantee that your trade will go through. As a result, you could be left holding shares worth far less than you anticipated. Employ a stop-limit order if you are willing to hold the shares if you can't get your desired price. ^MF
Where can I find how to put stop losses on option orders
Here's a great webcast that teaches exactly that concept! ua-cam.com/users/livehBCcE8iszeA?si=Mrdl23MbYtyj7YXm ^BW
what trading do you use?
The trading platform is the thinkorswim Desktop software platform. ^BW
i'm having an issue with placing a stop loss to mitigate loss and also placing a sell limit to collect profit at a certain % at the same time. I get a notification about having orders for more shares than i have. Any way to make one automatically close when the other one is filled?
Here's a great webcast from Schwab Coaching that discusses exactly that issue. ua-cam.com/users/liveQNYr-arjh_0?si=slyUjVoaZaZlxMXJ ^BW
it is the same concept for bitcoins?
Stop and stop-limit orders are order types used on a majority of trading platforms however not all platforms offer bitcoin trading.^BC
Do it work the same for buying as it do for selling?
Basically there are no guarantees in life.
Using timer for the limit is smarter. If the patern changes while you aren't watching, you don't have to enter it.
But how do you set a timer after you enter? Maybe a conditional order that fires contingent on you buying.... But again, how to match this timing to when you buy?
After submitting an order you can change it to add a timer if wanted. ^CH
@@CharlesSchwab thanks! I see its a new feature now!
Who is this spokesperson? He looks familiar to me--has he been in other commercials or acting gigs or anything?
This is Kevin Horner, a Schwab Coach. ^MF
This video is does not make a lot of sense without mentioning aftermarket and premarket hours and trades.
YOUR COMPANY IS UNDER COURT CASE TORTS FOR CRIME DISCRIMINATION AND HARMS
Shut up
People don't want to see a talking head - better explain on showing concrete numbers and how that works
What part you didn't understand 😢. They way he explained, school children can understand
@@differencebetween6823
Needs to give a certain examples.
For instance:
1. Opening price for today is predicted at $1.00.
2. I want to buy this stock today at cheapest price possible
3. I guess and believe that price after opening will go down about 8%.
4. I put a buy stop market order at
$ 0.91or any other number.
And so on...
And better to make a some sort of drawings on a board or paper showing where the stop market order starts and where it fills.
Same with stop limit order.
Simplicity makes people genius