I used the thinkorSwim platform but it didn't work out how I planned. I’ve been following your videos for months now and with professional help, I’m making outstanding progress with my trades.
@Inthemoment830 I know that learning the ins and outs of trading is not for everyone. Personally, I trust Herman Jonas, an astute trade analyst who oversees my investments in the stock market. Now I trade profitably with no hassle while I have time to chase my other passion in life.
@pablomolineragalvan47 53-year-old high school teacher here. I don't make much but I want to trade on the side. I wouldn't mind hearing from a pro. Is there a means to get to him?
This is EXACTLY what I was looking for!!! Most other videos tell you what they are and blah, blah, blah, but none of them have told me HOW to enter them in the system. Thank you soooo much!! Wish I had known this before I gave back $800 in profits. 😩
These are the BEST videos explaining TOS!!!!! You should seriously be getting paid by TD Ameritrade. THANK YOU for taking the time to put all these together. I was a bit overwhelmed when I first logged on to TOS. And after watching some of their tutorials I was even more confused and overwhelmed to be honest! After only 2 days of watching your videos Riley I know I got this and am very excited to trade on the TOS platform. Your explanations of EVERYTHING are so to the point. I am almost done with your TOS videos and am excited to watch your entire video library!!
Wow thanks so much! It would be awesome if they paid me but don't think that would ever happen! Glad you are finding clarity with the platform it is seriously overwhelming when you first open it up.
@@sailingsolar Seriously!? You take the time to write something negative? What is wrong with you?? First let me see you put together a video with the amount of information Riley conveys! Second, you obviously don't know much if you're watching a video about how to create trailing stops!
@@Namaste3811 Please explain WHAT is negative about either ",, thanks for the effort." or less obvious to you stating the honest fact that the video didn't work for me when it's true?? That is called feed back. In my comment any negativity comes from the reader (you) and is not in the comment. Cheers.
yeah I have to agree, man. I don't know what it is. everyone is different but there is another guy that explains videos that is from TOS on UA-cam & nothing against him but I can't understand him but when I clicked your video, it was easier to comprehend & it sunk in a little better. Some people just get a better understanding with others they listen to.
Thanks for making this video. I've been manually updating my winning trades just below the VWAP or some other soft support when I want to lock-in profits but not miss out on gains if the stock run up further. Trailing stop makes it so much easier and insure that I get some of the gains if the stock goes up further. I start with regular stop loss on entry of an order. I switch to a trailing stop once the trade hits resistance or my profit goals.
Thanks for the explanation! Your video popped up in a search and now I'm subbing. The thing I don't like about a lot of traders is how cocky and "in your face" they can be. You're calm and collected, and explain things simply and efficiently. Keep up the good work!
Thx you Mr. Coleman...I am new on trading and I was practicing on another platform for the past 6 months( no support, no email, no text) and it was frustrated so I decided to start fresh with Thinkorswim since I am ready to start trading, I think I'm going to need all your help... Love your videos...thank you sir...
If putting in a trail stop using a percentage instead of a whole number as you did, would I put -(minus) 5% (just as an example), like you put i(minus) $1.00 ? Thanks Riley.....
Hi Riley, Great video again. One basic query, in your video you have placed a trailing stop loss at the same time as placing a trade on AAPL. My query, how can trailing stop make sense if you are not making profits. Only when you are making a profit, then the trailing stop will follow the price with the tolerance you have set. Otherwise, placing a trailing stop at the time of placing an order makes this equivalent to a stop loss isn't it. Appreciate your comments.
Exactly right. The trailing stop is essentially a stop loss that just moves up with the stock. But if it never moves up you get stopped out. Every trade you make will start out with you not knowing if the trade will be a winner or a loser. It's your job to set it up and give it the best chance to make you the most money and lose you the least money if that's your strategy. Having a trailing stop is one way of doing that. If the trade goes against you then the stop loss will get you out of the trade and you can move onto the next setup.
So if you put a market order in and add a trailing stop near a pivot point, and the stock fluctuates, let’s say I have it for -10 or -15 cents, will the trailing stop move down or only up w the candles/trend? In other words, it only trails up right?
Great Video. It didn't work for me at first because I had "auto send" checked. Once i unchecked auto send I was able to create a trailing stop. Thank you so much for the video. :-)
Riley, I'm a dance instructor/business owner for a living. Obviously I have had lots of time on my hands of late and need a way to make money during Covid. As an instructor I have to say I like your thorough slower pace instruction. I am having trouble with Trailing Stops. I have mine set at "MKT" "TRAILSTOP" MARK" "GTC" "BID" "-3.00" and when the price jumps up say $15 to $16, my stop stays at $12. Could you tell me what I might be missing here? Are the Trailing Stops not exact? Or do I have something set wrong? Thanks a bunch!
Good job Riley, What If I opened a position on a particular stock and maybe after 2 days I decided to implement a stop loss, will the stop loss use the current market price or the premium price I paid to calculate the stop loss? Thanks.
I see you created a stop limit. What about a trailing stop limit? What if I set a price that is currently below market price. Will my trailer move up when the market price moves up? Will my initial stop price move up along too, or do I need to do that manually? Is everything tied into the stop price I entered? i.e. XYZ stock is $10. I set my stop limit to $9.30 and my trailer at $.17. What happens if the stock goes to $11.85, but then drops to $11.68? Will it sell at $11.68 (-$.17)? Does my stop limit stay at $9.30 if the stocks go up to $11.85? Or do I need to manually move that up? Thank you for your time
Good that you showed how to make it go past today... But gtc ext hours would in clude after hours as well. I put in a gtc and it went up to my target price after hours but did not sale because I only put in GTC. Thanks for your clear and easy to understand videos.
Awesome videos! So do you enter the initial trade with a trailing stop or enter the trade with a stop loss and replace it with trailing stop afterwards? thank you for your help
Great explaining especially for beginners with TOS. And wow, what an amazing tool to maximize your profits and limit loses. I can see how this is super useful for a Stock that generally keeps going up over time and you simply to ride the upward trend while protecting yourself. I was doing OCO orders with a top and bottom $ or % - but that can easily be out of date!
Hi Riley, thanks for the great video, there's just one thing I got really confused is that since "the trailing stop" goes up when the stock price goes up, and "trailing stop" goes down when price goes down and I'm assuming both of them move parallelly, then how can you get stop out?
Riley great video and all your videos I watched are on point. Learning a lot from you. I am planning on using trailing stops on all my gains for Monday. Only been doing this since March 23rd. the goal is to keep gains and reposition for the next dip.
Hi riley your video tutorials are the best that ive been watching. Question about trailing stop: How do you actually decide what to put on the trail stop? On this example, you use -1, does it mean when the price drop by $1, your position would be sold?
You sir, just earned yourself a subscriber. I'm happy that I'm able to understand fully on your videos and practical tutorials on using the Thinkorswim trading platform.
How do you set a trailing stop loss on existing shares that are trending below the purchase price? Do you wait for the price to move above the purchase price to set the order I believe? Thanks!
Tried my first trailing stop yesterday. Set the trail to be a dollar since it never fluctuated down that far.. 2 mins later, the stock dropped 1.03, sold my sock and then went on to increase $3 more.. Fortunately I still made a profit on the trade, but lost out on an extra $1200 more.
This may sound like a stupid question but why would someone NOT use a trailing stop? If the price goes up but then drops to your stop loss then you basically took a loss even though you could've taken some profit.
Riley if you have a trailing stop set up but want to quickly exit a trade before it's triggered -- do you have to cancel the trail stop or can you just execute the market sell anwyays ?
Great video but I don't understand one thing: At 1:57 you entered a negative integer (-1), but at 2:35 you entered +1. Which is correct for a sell order or does it matter? I noticed that in the entry above it is labeled -MKT.
Sorry for that confusion. When you are going long and setting a trailing stop loss you want the number to be negative because you want it to be below the current price and then when you short a stock you want the trailing stop to be a positive number so it's above the current market price. The MKT order is just there so the order gets filled right away for the example but usually it's best to use a limit order.
QUESTION - If I make a trade with a 5% Trailing Stop at a BUY of 102, then mid day this stock reaches 108 but closes at 98. does the trailing stop use the mid day high of 108 or the Close Low of 98? 5% of 108 is 5.40 which means the platform should have kicked out the order at 102.6. (which is 5% of the days high of 108) Correct??
the squeeze, is messing with me, when in a squeeze trend is your friend, so if trend is down and a squeeze fires , would the candles not go up first then fire to the down side and vise versa, it is a momentum indicator right? just loosing mu butt off,,,,nothing seems to be working...how much money do you need to open with TD
Hi Riley! Thanks for the video. I have just downloaded the thinkorswim trading platform. I’ll be paper trading for a few months before I jump in. I’m wonder: Do you have a video that explains how you set up your screens? I came here to learn how to put in a stop loss but now I’m seeing that I need to be able to find what you’re doing on my screen. Thanks! :-)
@Riley Coleman if i set a trailing stop and then want to sell at a price above that when i see it start to go down can i just set a market order or do i have to cancel the trailing stop first.... Like if i sold all my stock with a market order and then it continued to go down to where my trailing stop would be would i be on the hook for another sale of that many shares too?
4:40 On the trailing stop limit you say the stock will actually sell at the limit price. My understanding is that once the trailing stop has been triggered it will sell as soon as possible but NO LOWER than the limit. My question would be if the limit price moves up with the trailing stop.
So you need to already own the stock before you place the trail stop order? I'm trying to place a limit buy with a trail stop at the same time. Like a bracket order.
Hey Riley. Can you recommend us how to calculate our trailing stop? According to each security I know it's going to be unique, but what parameters do you use? Another question, the GTC will also work outside market hours? Or is the GTC-EXT made for that? Great videos.
Hey Riley, Thanks for your efforts. Referring to your example of an -$1. trailing stop, if the stock say for examples drops directly or the next day it opens at -$1.75 blowing right past the sell order of -$1. trailing stop, will it automatically sell ? . . . Thanks Nick
Hi! Love your videos! They’re very informative! I had a question. Is there a way for think or swim to show the purchase price lane ? Is there like a custom code for me to be able to do that? It shows on my iPhone and iPad, but not on my desktop. I’ve looked around and I can’t find the option anywhere! I always have to manually put it.. i was hoping you had an idea.. thank you!!
Hi Riley, thanks for your videos, they're really helpful. Is there a way to do a trailing stop with percentage instead of an absolute price? So instead of setting it at $1, can I set it as 5%?
So, I've been holding 22 shares of Apple for a current 4% gain. I watched your video which was quite helpful as I'm very interested in preservation of capital. I set a trailing stop loss at -3.00 for my Apple Stock. Would that be good for the longer term hold?
What do you mean by long term? Months? Years?A $3 stop loss on APPL is very tight so you will get stopped out pretty quickly. A Tight stop can be good for protecting your profits especially in large upswing like its having. But a stock like appl will have $3 swings in a day so for a super long term hold you would want a stop of 20+ probably.
Hey Riley I have a question, in the example you had the trailing stop limit to sell for less than what it was going for . I don’t get how a trailing stop limit could ever be better than a regular trailing stop?
Riley, Thank you for the video. One thing I'm a bit confused on is in your examples TOS indicates you are entering into a % field (i.e. sell when drops 1% below market price), but you keep mentioning dollar. Which is it?
I'm entering in a $ about just the trailing stop i'm entering is lower then a dollar so maybe that makes it look like percentages? You can't enter trailing stop losses as a % like this. Sorry about the confusion. If anything It is good to try to calculate what a 1% drop is then enter that in $ amount for the trailing stop. So a $100 stock would have a $1 trailing stop as a 1% trailing stop.
CAN YOU SET A BUY , TRAILING STOP AND A STOP AT ALL THE SAME TIME. EXAMPLE STOCK IS 100 THAT I WANT TO BUY BUT ALSO WANT TO SET UP A STOP AT 98.00 AND A TRAILING STOP AT .50 SO WHEN I GET FILLED AT 100, IT WILL AUTO SELL AT 98 IF IT HITS THAT PRICE BUT IF IT GOES UP MY TRAILING STOP WILL THEN OVERRIDE MY STOP BECAUSE IT WILL SELL AT MY TRAILING STOP, DO I ACTUALLY HAVE TO OWN THE STOCK BEFORE I CAN SET UP THE STOP AND TRAILING STOP OR CAN I SET IT ALL UP ON INITIAL ORDER, WHEN I TRY IT SAYS MY TRAILING STOP CANCELS MY BUY ORDER
Hey Riley , can you please guide a bit here, let's say I enter at 6.00$ and I'm looking to have a stop loss once it reaches 6.10$ 10 cents above the entry price ,, if it goes to 6.10 and 6 11$ and stays there and goes up is okay but if it comes back to 6 10$ to take me out of the trade , how can I set up this. I'm new in stop loss , trailing stop
Tried to add a trailing stop order to Kodak today but TOS says “STOCK order must have positive stop price”. Counterintuitive to what a trailing stop is.
Your videos have been very helpful and have saved me a lot time. I have a question, Is there a way I can set a trade with buy shares, set my take profit, and set a trailing stop loss? Thank you!
Yes you can! So to set it up you are going to want to right click and do Buy Custom with STOP which will bring up the order entry bar at the bottom then on the Advanced Order on the left side change it to 1st trgs OCO Then right click again and do sell single. Now for this one you can't right click anywhere on the chart it needs to be at the top on the price of the stock not sure why but if its from the chart it will cancel your order you already put in. Then that will add the sell limit order to the entry bar for your profits. This will also set it up to cancel the other order as 1 of them gets triggered so you won't have to cancel it.
Great video on how to do a call option using a Trailing Stop. Can you tell me how to use this method with a "put" option though? (I'm new to TOS).Thanks Riley.....
excellent channel, great presentations usually and great at explaining things simply. will continue to refer to the channel. i love that your not trying to sell me some get rich quick scheme or course/group.
Hi Riley i have been loosing a lot with the squeeze,,in demo,,, but hey how can i single out the 3AM candle in TOS, just the 3am candle or any candle,, I want the 3am candle to be highlighted every day, kind of like the after market hours is highlighted... thanks,buddy...
How do I set a trailing stop and a limit order? So if I have a stock trading at $20 and I want to set a trailing stop of .50 and a limit order to sell at a price of $40 (an old resistance) how can this be done? I want the trailing stop to follow but also sell when it hits $40? Thank you
Great videos. Is there a video that shows how to setup a bracket order that shows profit- loss and 2)allows me to preset stop loss by ATR say 1 or 2 ATR below entry price. Any platform that can do either of those? Thanks
I am trying to figure out the easiest way to do a trailing stop after about 15-20 minutes of entering, doing IPO's. I know how dangerous they are, but want to secure my profits if it does go up. Very new to this and don't have room for error. If you have more info, I would appreciate it dearly. Using thinkorswim."
I would highly suggest not doing IPOs if you are new to trading but if that's the road you want to go you might have to manually do it yourself. idk what kind of time frame you are trying to trade them on but you can always just make a stoploss order and slowly move it up as the stock goes in your favor.
For some reason my TOS doesn't offer the trailstoplimit option. I only get market, limit, stop, and stoplimit. I follow the same steps you did. If I figure it out, I'll post a solution.
Everyone needs to contact TD support and ask for the free upgrade to Advanced Features on TOS, you will also get access to things like 1trgrs 3oco orders and the condition wizard order entry for complex custom orders based on studies.
I used the thinkorSwim platform but it didn't work out how I planned. I’ve been following your videos for months now and with professional help, I’m making outstanding progress with my trades.
@Inthemoment830 I know that learning the ins and outs of trading is not for everyone. Personally, I trust Herman Jonas, an astute trade analyst who oversees my investments in the stock market. Now I trade profitably with no hassle while I have time to chase my other passion in life.
@pablomolineragalvan47 53-year-old high school teacher here. I don't make much but I want to trade on the side. I wouldn't mind hearing from a pro. Is there a means to get to him?
This is EXACTLY what I was looking for!!! Most other videos tell you what they are and blah, blah, blah, but none of them have told me HOW to enter them in the system. Thank you soooo much!! Wish I had known this before I gave back $800 in profits. 😩
Perfect and simple explanation of Trailing Stop orders. I got it down right away... Thank you Riley!
These are the BEST videos explaining TOS!!!!! You should seriously be getting paid by TD Ameritrade. THANK YOU for taking the time to put all these together. I was a bit overwhelmed when I first logged on to TOS. And after watching some of their tutorials I was even more confused and overwhelmed to be honest! After only 2 days of watching your videos Riley I know I got this and am very excited to trade on the TOS platform. Your explanations of EVERYTHING are so to the point. I am almost done with your TOS videos and am excited to watch your entire video library!!
Wow thanks so much! It would be awesome if they paid me but don't think that would ever happen! Glad you are finding clarity with the platform it is seriously overwhelming when you first open it up.
Not for me they're not! But thanks for the effort.
@@sailingsolar Seriously!? You take the time to write something negative? What is wrong with you?? First let me see you put together a video with the amount of information Riley conveys! Second, you obviously don't know much if you're watching a video about how to create trailing stops!
@@Namaste3811 Please explain WHAT is negative about either ",, thanks for the effort." or less obvious to you stating the honest fact that the video didn't work for me when it's true?? That is called feed back. In my comment any negativity comes from the reader (you) and is not in the comment. Cheers.
yeah I have to agree, man. I don't know what it is. everyone is different but there is another guy that explains videos that is from TOS on UA-cam & nothing against him but I can't understand him but when I clicked your video, it was easier to comprehend & it sunk in a little better. Some people just get a better understanding with others they listen to.
Finally someone who explains it in a way that you can fully understand how it works. Nice one Riley!
Thanks for making this video.
I've been manually updating my winning trades just below the VWAP or some other soft support when I want to lock-in profits but not miss out on gains if the stock run up further. Trailing stop makes it so much easier and insure that I get some of the gains if the stock goes up further.
I start with regular stop loss on entry of an order. I switch to a trailing stop once the trade hits resistance or my profit goals.
Thank you, I watched 3 different video's before this and didn't get it. After watching your video, I get it now.
Lol, Me too.
Thanks for the explanation! Your video popped up in a search and now I'm subbing. The thing I don't like about a lot of traders is how cocky and "in your face" they can be. You're calm and collected, and explain things simply and efficiently. Keep up the good work!
Plan to keep it that way! Thanks for the feedback!
Thx you Mr. Coleman...I am new on trading and I was practicing on another platform for the past 6 months( no support, no email, no text) and it was frustrated so I decided to start fresh with Thinkorswim since I am ready to start trading, I think I'm going to need all your help... Love your videos...thank you sir...
This channel deserves, at least, 100k subs! So much clarity / value...
Extremely clear and easy to understand thanks bud!!!!!!
Great help, as always. Thank You Riley
I want to thank you for all the information, I am always learning and trying to improve my trading skills and you have helped. Thanks again
Thanks for the video! You really "dummied" it down for people like me to learn how to use this feature in TOS.
You're welcome!
Great Job explaining this Riley. I just started using this for all of my option orders.
Great explanations with no annoying attitude or hype.
THX. you not long winded and get right to the point....thx again
You're welcome!
Thanks! Showing how to do this within the Active Trader window would be helpful as well.
If the Price goes down. Does the Trailing stop move down as well? I think No. But want to confirm,
Are you short or long? If you are long and the trailing stop will only move up. If you are short the trailing stop will only move down.
If putting in a trail stop using a percentage instead of a whole number as you did, would I put -(minus) 5% (just as an example), like you put i(minus) $1.00 ? Thanks Riley.....
Hi Riley,
Great video again. One basic query, in your video you have placed a trailing stop loss at the same time as placing a trade on AAPL. My query, how can trailing stop make sense if you are not making profits. Only when you are making a profit, then the trailing stop will follow the price with the tolerance you have set. Otherwise, placing a trailing stop at the time of placing an order makes this equivalent to a stop loss isn't it. Appreciate your comments.
Exactly right. The trailing stop is essentially a stop loss that just moves up with the stock. But if it never moves up you get stopped out. Every trade you make will start out with you not knowing if the trade will be a winner or a loser. It's your job to set it up and give it the best chance to make you the most money and lose you the least money if that's your strategy. Having a trailing stop is one way of doing that. If the trade goes against you then the stop loss will get you out of the trade and you can move onto the next setup.
Many thanks for your prompt response and clarification. I will begin with trailing stop for my trades now.
So if you put a market order in and add a trailing stop near a pivot point, and the stock fluctuates, let’s say I have it for -10 or -15 cents, will the trailing stop move down or only up w the candles/trend?
In other words, it only trails up right?
Thank you! Super helpful and straightforward.
Great Video. It didn't work for me at first because I had "auto send" checked. Once i unchecked auto send I was able to create a trailing stop. Thank you so much for the video. :-)
Awesome! Glad you figured it out!
Riley, I'm a dance instructor/business owner for a living. Obviously I have had lots of time on my hands of late and need a way to make money during Covid. As an instructor I have to say I like your thorough slower pace instruction. I am having trouble with Trailing Stops. I have mine set at "MKT" "TRAILSTOP" MARK" "GTC" "BID" "-3.00" and when the price jumps up say $15 to $16, my stop stays at $12. Could you tell me what I might be missing here? Are the Trailing Stops not exact? Or do I have something set wrong? Thanks a bunch!
These tutorials helped me a lot...👍👍👍
Awesome! I'll keep them coming!
Great explanation and walk threw 😁👍
Is it possible to set a conditional trailing stop? I.E - If price moves up 5%, then start a trailing stop?
Best coach ever!!!
Good job Riley, What If I opened a position on a particular stock and maybe after 2 days I decided to implement a stop loss, will the stop loss use the current market price or the premium price I paid to calculate the stop loss?
Thanks.
It will use the current market price.
Clear and concise. Great tutorial thanks.
You're welcome!
Brother your videos are gold . Thank you
you're welcome!
Very patient teacher. Thank u!!
I see you created a stop limit.
What about a trailing stop limit?
What if I set a price that is currently below market price. Will my trailer move up when the market price moves up? Will my initial stop price move up along too, or do I need to do that manually? Is everything tied into the stop price I entered?
i.e. XYZ stock is $10. I set my stop limit to $9.30 and my trailer at $.17. What happens if the stock goes to $11.85, but then drops to $11.68? Will it sell at $11.68 (-$.17)? Does my stop limit stay at $9.30 if the stocks go up to $11.85? Or do I need to manually move that up?
Thank you for your time
you a bad dude real smooth with that trailing stop thumbs up and a sub .
Good that you showed how to make it go past today... But gtc ext hours would in clude after hours as well. I put in a gtc and it went up to my target price after hours but did not sale because I only put in GTC. Thanks for your clear and easy to understand videos.
Is there a way to create your sell trail stop in the same order as your buy order?
Man that was so easy to understand. Why didnt i find u on here a coupke years ago. Lol
Riley - thank you so much for your detailed, informative videos. You're the man!
No problem! Glad you find them useful!
Can you elaborate what amount t specify I the trailing stop. I know it. Depends on what your trading but an example or two would be appreciated.
okay, that is all nice but why trailingstop order doesn't work next day when created after ours?
Thank you. V
Awesome videos! So do you enter the initial trade with a trailing stop or enter the trade with a stop loss and replace it with trailing stop afterwards? thank you for your help
Great explaining especially for beginners with TOS. And wow, what an amazing tool to maximize your profits and limit loses. I can see how this is super useful for a Stock that generally keeps going up over time and you simply to ride the upward trend while protecting yourself.
I was doing OCO orders with a top and bottom $ or % - but that can easily be out of date!
Hi Riley, thanks for the great video, there's just one thing I got really confused is that since "the trailing stop" goes up when the stock price goes up, and "trailing stop" goes down when price goes down and I'm assuming both of them move parallelly, then how can you get stop out?
Wow Thanks God Bless how do you do this with Options and other types of trades
If you have a GTC stop and the market opens below your stop price, do you still get stopped out? Thanks for the great videos!
99% sure it should. But you will only get filled at the market gap down price.
Curious, have you done a video on buying using a trailing stop-loss vs. Trailing stop limit? Or can you do one and post the link please?
great video, the trailing stop can execute on premarket or after hours?
love your videos ! I'm learning a lot from you
Thank you Riley! Great video
Hi Riley have a quick question .Will the trialing stop limit order will also move the price as it price goes up on the chart?
Riley great video and all your videos I watched are on point. Learning a lot from you. I am planning on using trailing stops on all my gains for Monday. Only been doing this since March 23rd. the goal is to keep gains and reposition for the next dip.
Nice work man, I like your videos
Great info, Riley! Thanks!
Hi riley your video tutorials are the best that ive been watching. Question about trailing stop:
How do you actually decide what to put on the trail stop? On this example, you use -1, does it mean when the price drop by $1, your position would be sold?
You sir, just earned yourself a subscriber. I'm happy that I'm able to understand fully on your videos and practical tutorials on using the Thinkorswim trading platform.
Awesome to have you! Feel free to ask any questions as they come up!
How do you set a trailing stop loss on existing shares that are trending below the purchase price? Do you wait for the price to move above the purchase price to set the order I believe? Thanks!
Tried my first trailing stop yesterday. Set the trail to be a dollar since it never fluctuated down that far.. 2 mins later, the stock dropped 1.03, sold my sock and then went on to increase $3 more.. Fortunately I still made a profit on the trade, but lost out on an extra $1200 more.
Hi riley, can you make step by step to set trailing stop? because i dont have it in my TOS, neither your youtube only explain how to use it.
This may sound like a stupid question but why would someone NOT use a trailing stop? If the price goes up but then drops to your stop loss then you basically took a loss even though you could've taken some profit.
Riley if you have a trailing stop set up but want to quickly exit a trade before it's triggered -- do you have to cancel the trail stop or can you just execute the market sell anwyays ?
Great video but I don't understand one thing: At 1:57 you entered a negative integer (-1), but at 2:35 you entered +1. Which is correct for a sell order or does it matter? I noticed that in the entry above it is labeled -MKT.
Sorry for that confusion. When you are going long and setting a trailing stop loss you want the number to be negative because you want it to be below the current price and then when you short a stock you want the trailing stop to be a positive number so it's above the current market price. The MKT order is just there so the order gets filled right away for the example but usually it's best to use a limit order.
Would you show how to set up a trailing stop for the AMC squeeze?
QUESTION - If I make a trade with a 5% Trailing Stop at a BUY of 102, then mid day this stock reaches 108 but closes at 98. does the trailing stop use the mid day high of 108 or the Close Low of 98? 5% of 108 is 5.40 which means the platform should have kicked out the order at 102.6. (which is 5% of the days high of 108) Correct??
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Check out this video on trailing stop loss strategies! 👉 ua-cam.com/video/3yEmmXIAUPk/v-deo.html
the squeeze, is messing with me, when in a squeeze trend is your friend, so if trend is down and a squeeze fires , would the candles not go up first then fire to the down side and vise versa, it is a momentum indicator right? just loosing mu butt off,,,,nothing seems to be working...how much money do you need to open with TD
How do you do an automatic break even with a runner stop loss on ToS???!!!
Hi Riley! Thanks for the video. I have just downloaded the thinkorswim trading platform. I’ll be paper trading for a few months before I jump in. I’m wonder: Do you have a video that explains how you set up your screens? I came here to learn how to put in a stop loss but now I’m seeing that I need to be able to find what you’re doing on my screen. Thanks! :-)
@Riley Coleman if i set a trailing stop and then want to sell at a price above that when i see it start to go down can i just set a market order or do i have to cancel the trailing stop first.... Like if i sold all my stock with a market order and then it continued to go down to where my trailing stop would be would i be on the hook for another sale of that many shares too?
4:40 On the trailing stop limit you say the stock will actually sell at the limit price. My understanding is that once the trailing stop has been triggered it will sell as soon as possible but NO LOWER than the limit. My question would be if the limit price moves up with the trailing stop.
Thank you for such great tutorial 🙏
Thanks man. What is the delta when setting up a buy w trailing stop?
So you need to already own the stock before you place the trail stop order? I'm trying to place a limit buy with a trail stop at the same time. Like a bracket order.
Hey Riley. Can you recommend us how to calculate our trailing stop? According to each security I know it's going to be unique, but what parameters do you use? Another question, the GTC will also work outside market hours? Or is the GTC-EXT made for that? Great videos.
How to set trailing stop in condition the tickers hit a certain price? Thank you
Is there any way to look the current position without going to monitor tab..We bull have options to look on chart window itself
Hey Riley, Thanks for your efforts. Referring to your example of an -$1. trailing stop, if the stock say for examples drops directly or the next day it opens at -$1.75 blowing right past the sell order of -$1. trailing stop, will it automatically sell ? . . . Thanks Nick
Hi! Love your videos! They’re very informative! I had a question. Is there a way for think or swim to show the purchase price lane ? Is there like a custom code for me to be able to do that? It shows on my iPhone and iPad, but not on my desktop. I’ve looked around and I can’t find the option anywhere! I always have to manually put it.. i was hoping you had an idea.. thank you!!
Hi Riley, thanks for your videos, they're really helpful. Is there a way to do a trailing stop with percentage instead of an absolute price? So instead of setting it at $1, can I set it as 5%?
So, I've been holding 22 shares of Apple for a current 4% gain. I watched your video which was quite helpful as I'm very interested in preservation of capital. I set a trailing stop loss at -3.00 for my Apple Stock. Would that be good for the longer term hold?
What do you mean by long term? Months? Years?A $3 stop loss on APPL is very tight so you will get stopped out pretty quickly. A Tight stop can be good for protecting your profits especially in large upswing like its having. But a stock like appl will have $3 swings in a day so for a super long term hold you would want a stop of 20+ probably.
thanks!!! that is very helpful
Hey Riley I have a question, in the example you had the trailing stop limit to sell for less than what it was going for . I don’t get how a trailing stop limit could ever be better than a regular trailing stop?
Hi, Riley , trailing stop orders don’t work in TOS on demand( simulated trading).
Riley, Thank you for the video. One thing I'm a bit confused on is in your examples TOS indicates you are entering into a % field (i.e. sell when drops 1% below market price), but you keep mentioning dollar. Which is it?
I'm entering in a $ about just the trailing stop i'm entering is lower then a dollar so maybe that makes it look like percentages? You can't enter trailing stop losses as a % like this. Sorry about the confusion. If anything It is good to try to calculate what a 1% drop is then enter that in $ amount for the trailing stop. So a $100 stock would have a $1 trailing stop as a 1% trailing stop.
*Sets Playback speed to 1.25x*
Much better. Thank you Jordan.
Thank you for another great video. Can I initially go long or short and then add a trailing stop later?
I would think you probably can't but might be worth looking into.
@@RileyColeman Wait, but didn't you do that in this video? First go long and then add a trailstop? That is why I found your video, and thanks so much!
CAN YOU SET A BUY , TRAILING STOP AND A STOP AT ALL THE SAME TIME. EXAMPLE STOCK IS 100 THAT I WANT TO BUY BUT ALSO WANT TO SET UP A STOP AT 98.00 AND A TRAILING STOP AT .50 SO WHEN I GET FILLED AT 100, IT WILL AUTO SELL AT 98 IF IT HITS THAT PRICE BUT IF IT GOES UP MY TRAILING STOP WILL THEN OVERRIDE MY STOP BECAUSE IT WILL SELL AT MY TRAILING STOP, DO I ACTUALLY HAVE TO OWN THE STOCK BEFORE I CAN SET UP THE STOP AND TRAILING STOP OR CAN I SET IT ALL UP ON INITIAL ORDER, WHEN I TRY IT SAYS MY TRAILING STOP CANCELS MY BUY ORDER
Hey Riley , can you please guide a bit here, let's say I enter at 6.00$ and
I'm looking to have a stop loss once it reaches 6.10$ 10 cents above the entry price ,, if it goes to 6.10 and 6 11$ and stays there and goes up is okay but if it comes back to 6 10$ to take me out of the trade , how can I set up this. I'm new in stop loss , trailing stop
Tried to add a trailing stop order to Kodak today but TOS says “STOCK order must have positive stop price”. Counterintuitive to what a trailing stop is.
Your videos have been very helpful and have saved me a lot time. I have a question, Is there a way I can set a trade with buy shares, set my take profit, and set a trailing stop loss? Thank you!
Yes you can! So to set it up you are going to want to right click and do
Buy Custom with STOP which will bring up the order entry bar at the bottom then on the Advanced Order on the left side change it to 1st trgs OCO Then right click again and do sell single. Now for this one you can't right click anywhere on the chart it needs to be at the top on the price of the stock not sure why but if its from the chart it will cancel your order you already put in. Then that will add the sell limit order to the entry bar for your profits. This will also set it up to cancel the other order as 1 of them gets triggered so you won't have to cancel it.
Is there a way to create a stop order, a limit sell (for a profit) and a limit order at the same time?
Hi @rileycoleman I enjoy your videos! Question about GTC. If I want it to work after market hours and pre market hours, don’t I have to use GTC EXT?
The GTC order, does it work after hours and pre market if my broker doesnt support trading outside 9:30-4pm EasternTime? thanks
Should I use 2xATR for a trailing stop?
Great video on how to do a call option using a Trailing Stop. Can you tell me how to use this method with a "put" option though? (I'm new to TOS).Thanks Riley.....
Can you set a trailing stop with a limit price above the current price of a stock ?
If you are shorting it you should be able to.
excellent channel, great presentations usually and great at explaining things simply. will continue to refer to the channel. i love that your not trying to sell me some get rich quick scheme or course/group.
Very helpful, thanks so much.
How do you set the trail stop to start when it hits specific price?
Riley, can you explain the details between trail stop vs trail stop limit? Thx
Hi Riley, is it possible to create a sell order with both stops (stop gain and stop loss) simultaneously ?
Hi Riley i have been loosing a lot with the squeeze,,in demo,,, but hey how can i single out the 3AM candle in TOS, just the 3am candle or any candle,,
I want the 3am candle to be highlighted every day, kind of like the after market hours is highlighted... thanks,buddy...
What do you mean highlighted? Like a line is made at the high of it or something? Probably to do that you would need to write code.
How do I set a trailing stop and a limit order? So if I have a stock trading at $20 and I want to set a trailing stop of .50 and a limit order to sell at a price of $40 (an old resistance) how can this be done? I want the trailing stop to follow but also sell when it hits $40?
Thank you
Great videos. Is there a video that shows how to setup a bracket order that shows profit- loss and 2)allows me to preset stop loss by ATR say 1 or 2 ATR below entry price. Any platform that can do either of those? Thanks
I am trying to figure out the easiest way to do a trailing stop after about 15-20 minutes of entering, doing IPO's. I know how dangerous they are, but want to secure my profits if it does go up. Very new to this and don't have room for error. If you have more info, I would appreciate it dearly. Using thinkorswim."
I would highly suggest not doing IPOs if you are new to trading but if that's the road you want to go you might have to manually do it yourself. idk what kind of time frame you are trying to trade them on but you can always just make a stoploss order and slowly move it up as the stock goes in your favor.
For some reason my TOS doesn't offer the trailstoplimit option. I only get market, limit, stop, and stoplimit. I follow the same steps you did. If I figure it out, I'll post a solution.
I don't get trailstop either; just the four I mentioned.
I'm not sure why that would happen probably need to call technical support sorry.
Everyone needs to contact TD support and ask for the free upgrade to Advanced Features on TOS, you will also get access to things like 1trgrs 3oco orders and the condition wizard order entry for complex custom orders based on studies.