Finally someone who doesn't just rabbit on an attempt to show how much they know. He speaks well makes pauses so you can digest info and comes across as someone who does not have an ego. As someone else says he better than the TOS education section. Thanks Riley keep them coming.
You may have mentioned in another video: My active trader was resetting template to default after every trade. To fix this I went into Setup> General> Active Trader and unticked the "reset AT order template after sending" Great TOS instructional vids.
Thank you for your comment. This is actually the reason why I viewed this video. I have been using TOS for almost 3 years and hadn't figured out how to save my active trader setup. Seems simple now, but it was driving me nuts having to set it up time after time. Plus I have done quite a bit of searching to get an answer. Thanks again.
I have learned more from you than the TOS tutorial. You should be sponsored by them. Cheaper trades for you lol thanks bud. May the market be with you.
Yours is by far the easiest to understand .. Taking it slow really helps. some go so fast that I donot even know where there are on the chart. I have to replay over and over to find the next step. Thanks again.
Thanks man! Its really starting to take off! Even though i'm scaling back a bit for now. Awesome to see happen. The power of ranking videos! Dominating a lot of important key words already with such a small channel!
at 5:43 in the video, when I move the order up and down, it will pop up confirmation dialog. How do I have to do to stop confirmation dialog to pop up so it will do like yours that can move the order up and down freely? Thank you!
Great Videos. thanks for doing great job...... Do you have any more active trader videos .. more focused on reading and understanding the order book .. as to understand if the pressure is from selling or buying ..
Go to Setup > Application Settings > Order Defaults > Change both the Default Quantity and the Order Quantity to 1. When you change those, the buttons change. Those values dictate what the buttons are.
I do have a few videos that shed light on some of that but I am lacking videos with the key details. This video talks about exit strategies👉 ua-cam.com/video/3yEmmXIAUPk/v-deo.html This one talks about some entry points 👉 ua-cam.com/video/OdzumJWM-Co/v-deo.html Also my video on swing trading fibonacci has great information too. I am a big proponent of learning and making your own plan though so of course use this for learning but try to create your own strategy that works for you we are all different.
Thanks for the tips Riley! I was trying to drag the stop loss up and down but found out the stop will only move if the trade is in play. Learning alot from your channel and am Sub'd already. Thanks
hello, how is it that your twinkerswim shows the bid-ask size full, in mine just a couple of numbers near the last order is shown.. how do you manage to have the full size visible? Im really confused
Thank you for the excellent presentation. maybe you have a solution for me, I am looking for a way to display the active trades entry prices on the chart, any idea how to do it?
If you use the On Demand feature, it does simulate making you wait for trades during high volatility. For awhile, I thought the Sim was broken cause my orders weren't getting filled until twenty seconds later sometimes.
Great video! Is there a way to save the whole custom configuration of the active trader tab? When I open active trader on another chart it shows default settings, I don't see how to save my changes.
When using active trader for stocks in the $1-10 range I keep seeing prints like 1.9304 and when I try to move my stop up TOS rejects it saying it only accepts .01 increments. Any suggestions?
The reverse button should do that for you right away. It will close your current position taking profits or closing it out for a loss then it will have you going the other direction.
Thanks for this. But this is VERY frustrating: when you try to use Active Trader, by default it puts in orders for ONLY DAYTIME execution. Making your fills during premarket totally broken and causing you to get stuck with bad trades. How in the hell do you change this? I've googled everywhere. I don't get why Thinkorswim always has the worst defaults for day trading, despite being set up for day trading. It's so freaking weird in that way.
Riley, would you know if there Is a way to link a customized shortcut key to an OCO template I had created. So that instead of rt. clicking on desired bid, scrolling to choose Sell Custom, then choosing the one I created, I can just do it quickly?
On the "Quantity with buttons tab" can you tell me how you change this area to trade options contracts instead of shares? The Qty is defaulted to 100, 300, 500, 1k, 2k. I would like get my Active Trader to match yours for 1, 3, 5, 10, 20. Thank you Riley.
is it possible to have limit sell and limit buy on tos instead of buy market and sell market. or do you have any suggestions to set it to go in and out of trades. thanks
superb video!!! hey man i hope you can help me with a question, is there any way to know at what stock price i have entered or exited a position on active trader? not at what price i bought the contract.
If you find the super tiny settings gear button that is close to the open active trader tab button you can add a column to active trader called fills. That will show you where you're orders have been filled for opening and closing. Hopefully this is what you're looking for.
Riley, Can you help me change the quantity pre-set on the buttons on the right side of the sell/buy buttons (the buttons that you just click to select the pre-set quantity to buy or sell. I can’t find a way to change it.
If you use brackets and say trade KO at a buy 61.0 and sell at 61.02 do you get a rejected sell message because it's trying to sell or something before it registered the buy?
I have a dumb question. Say on regular stock, the ask size or bid size (in the active trader ladder) is that x 10? so..1 would really be 100 shares and showing 10=1000 shares? Thank you very much for your tutorials. I very much enjoy your style.
Not a dumb question at all. The bid and ask size are just showing the number of orders out there trying to get filled. It doesn't mean that you need to fit that order to trade or you can only trade in that size. So when you have a quality of 1 it does mean 1 share or 1 contract. It doesn't mean 1x the ask size or bid size.
Can I do the brackets without a stop loss because I don’t use stop losses I just sell but I like that kind of an order with the limit and target if it’s possible
Anyone know how to change the quantity to percentage of position or to dollar amount? I am tired of having to use a calculator to figure out how many share I can afford when all I wanna do is use my entire position on a trade. If there is no way to change the quantity then what is the most efficient way to use your full position without having to waste time on calculating how many shares you can afford?
You can see volume in options chain under one of the columns. You might have to set change one of the existing columns to volume though. I'm not sure about bid volume though. You can right click on a option in the options chain and click copy it should say Copy.AMZN190418C1850 for example then go to charts and click paste and it will should you a graph of the that options trading history. Idk if that's what your looking for but hopefully it helps.
Hey Greg! The best thing I can think of off the top of my head is copying the strike price of the option and putting it into a chart then opening the active trader. In this video I briefly talk about that. Maybe this is what you're looking for.. It will only do it for one strike price at a time though but i'm sure you could set up some window to do a few if you wanted to have multiple open at a time. ua-cam.com/video/ClDorTOZZh0/v-deo.html
Hey Riley , really good information. Do you know if there is a way to setup a stop limit order from the DOM directly without going into editing the order. Thanks
@@RileyColeman Is there a way to have the custom "saved" order be the default order? Say I create an OCO and want to use that for every order. Right now after I submit an order it reverts back to "Single" in the Template drop down box. I then have to click the Template box, choose the saved order configuration and then place the order..clunky.
Note: as of this date, 05-21-2020 when the market is very busy (over 60 candles per minute on a 4 tick Range chart) The active trader panel (showing the actual market price) is not synchronized with the chart. It can be as much as $2.00 off on /NQ or /ES ! So if you are a chart trader watching for signals you will be late to enter and if you do a buy market or sell market (futures) you will find you got filled at a price not even showing on the chart. BE CAREFUL.
@@RileyColeman hey, yeah, thanks for replying back, I guess it was a problem with the zoom, you know, the + & - buttons, and how much granularity on the prize is shown, thanks again
Not something I trade regularly. Just looks like it has had bad earnings. Wouldn't be looking to trade it and would hopefully be out of it if I was in it.
Can you briefly explain how this would work for options? I just want to make sure if I click sell it won't Sell the option instead of closing them out.
Like if you have an option code input? Test it out in the sim trading platform and you should be able to find out. I believe it would close your position if you had one open because you can't have a long position and a short position on anything at the same time, It's just not possible.
Is there a way for you to drag out how a range of where you would like to get filled for a limit order? For instance, I want to buy 100 shares at $2732.00 but I'm okay with getting filled between $2732.00-2732.20.
on active trader is you see ALOT of people selling or shorting and no one buying woulldnt that be another indicator not to buy that stock ? Or the other way everyone buying and no or very little selling .......that that stock may be going up ?
Yeah that's usually what a depth chart or a time and sales will tell you. It can be hard to know how long that will last though. So i've never used it much but some people do trade based off of those charts.
Whats a good way to set your trailing stop ticks percent or dollar i currently do about 30 cents but might be to much . I watched the video on using the stops
I don't think you can actually set a trailing stop to be $ or % of the stock price that has to be calculated by yourself and then entered in, if that's what you're asking?
Yeah i know you have to manually add it in but whats a good percentage to not get stoped out. I seen where big firms will try to stop you out to get the stocks and make you lose money
@@John-ck2hp Something you can use is the ATR indicator or the ATR trailing stop. Because stocks are not the same when it comes to volatility this will help you decide what is a general amount you could use as a stop. What the ATR is average true range. It just calculates based on volaility what is a normal move and out of a normal move. If that stock moves more then the ATR in 1 direction that is out of a normal move and probably means the stock is moving in that direction. So if that ATR is 5 and the stock moves 6 is probably a good idea to close the stock based on using this method.
can yoou moce the stop loss up and down after the buy order was placed ? and can you move the short buy button down further if you think the stock is going lower ? How can you find out how much a short will cost you total ? Lastly what do you recommend on a stop loss , what % age up and or down ?
You can move the stop loss up and down and also the profit target by clicking and dragging it down on a chart. To find how much it takes to short a stock you need to get to the trade confirmation to see how much margin it will cost to short it. There's no simple way to calculate it because the brokerage will change that number based on multiple variables. For a stock loss you could start off with how much you are comfortable losing on 1 trade or you could use the ATR indicator and use the number that that gives you to use for an ATR.
@@RileyColeman how do people make money on shorting? I assume if it goes down 5.00 and you have 20 shares you make 100.00 ........is that the basics ? Also how do you put a stop loss on a short ? Also how do I get the volume to show up on the upper chart on think or swim ., mine somehow disappeared. BTW your videos are EXCELLENT !!
@@lrhomesold Yeah you got the basics right on shorting. Basically someone lends you the shares to sell to someone but basically you make money as it goes down. For volume you will want to go to chart settings and under general click Overlap Volume. If it doesn't show up go to the Equities tab under settings as well and clikc Show volume subgraph. That should get it to show up on the chart.
Excellent teaching once again. I agree with Mike594594 you should get paid for this. With the Trigger with brackets. Can you change the settings from a dollar or point, to a %of the buy price? IE if I buy a share for $100.00 then having it set to sell up $1.00 is fine at 1% profit, but if I moved to another ticker symbol that was selling at only $1.00 then it would set it to sell up $1.00 being 100% profit which is too aggressive. I would like to have it so that what price I set it at it will sell at say 4% regardless of the initial share price.... hope that makes sense...
Thanks for the support! I don't believe there is a way sadly... But that would be super nice. I think you have to calculate it every time if you want to try to stay with a % stop loss.
@@RileyColeman Thanks. I thought about it afterwards and I think as it is such a excellent tool that it might be worth me setting up and trialing a range of presets that cover the share values I normally trade. IE a preset for $1.00-$2.00 shares at say 4% would have a general setting of +or minus $0.06 being the average of that range. A preset for $2.00-$5.00 shares at say 4% would have a general setting of +or minus $0.14 being the average of that range. Its not a perfect idea but I can live with that as its a fast way to get skin in the game compared to entering the exact figures manually only to find the trade has moved on from what you were looking at. From what I understand I can then move the positioning of the stops later to a more accurate positioning for my goals. Also I am way over in New Zealand so not sure about the speed of our connection so getting in at the right time may be a issue especially when live trading.... (Still paper trading for now but close to going live)
That makes a lot of sense good idea. One thing to keep in mind is some stocks are more volatile then others too. So for 1 stock a 1% move could be huge and may mean your trade isn't going to way you wanted or is and then on another stock a 4% move could be big. Something to think about.
A limit order is an order to buy at an exact price. So for example you can have a limit order to buy 1 share at $100.5 a stop order is an order to place a market order when a stock hits a certain price. So if you place a stop order at $100.5 and the stock hits the price of 100.5 it will put a market order in so if you have a stop loss it will put in a market sell order when the stock hits the price. But because its a market order you might not get filled at 100.5 it might be 100.4 or 100.6 depending on how fast the market is moving. But the idea behind the stop order is that you will get filled every time. With a limit order the market could tap 100.5 and reverse and you might not get filled, leaving your position still open.
great vid! How the hell do i lock it to two decimals? Sometimes there up to five and then im not allowed to buy/sell cause there is more than two and the even ones are missing from the list. Wtf?!
I'm assuming you want the price increments to change? On the active trader tab next to the time and sales on the vertical menu there is the tiny gear setting then there are a few other buttons as well. There is a zoom in and a zoom out button. Clicking those will change the increments that the active trader shows of the price.
You should join Shadow trader on TOS, the guy Rod is not useful at all. When market up he would say Holly smock, when it goes down the would say unbelievable, he can't foresee anything.
Hey bruh, this vid is helpful, but in my case, i want to be options day trader, i just got confused by other people's tutorials on it, i wanna learn how i can easily create call order, and how i can close it whenever i want, all the videos i found about it (not ur videos) they were not helpful
Finally someone who doesn't just rabbit on an attempt to show how much they know. He speaks well makes pauses so you can digest info and comes across as someone who does not have an ego. As someone else says he better than the TOS education section. Thanks Riley keep them coming.
Wow thanks so much. Interesting to know what is appealing about my teaching style. Helpful to know why!
"...better than the TOS education section." I agree. That was really well put together. They could take lessons from this guy.
You may have mentioned in another video: My active trader was resetting template to default after every trade. To fix this I went into Setup> General> Active Trader and unticked the "reset AT order template after sending" Great TOS instructional vids.
Thank you for your comment. This is actually the reason why I viewed this video. I have been using TOS for almost 3 years and hadn't figured out how to save my active trader setup. Seems simple now, but it was driving me nuts having to set it up time after time. Plus I have done quite a bit of searching to get an answer. Thanks again.
@@arcburn3364 that’s kind of pathetic tbh
I have learned more from you than the TOS tutorial. You should be sponsored by them. Cheaper trades for you lol thanks bud. May the market be with you.
Hey thanks for the warm words! Good luck in your learning and the markets! Always feel free to ask any questions.
How much do you need in order to place a short trade position?
Right on the money. Got videos touching on this then zipping through it without details. This was on point and precise.
Thank you for creating this video, this was exactly what I was looking for.
Have watched several videos on this and yours is by far the easiest to understand ty
Wow that's awesome feedback thanks so much
Yours is by far the easiest to understand .. Taking it slow really helps. some go so fast that I donot even know where there are on the chart. I have to replay over and over to find the next step. Thanks again.
Super helpful! You are the first person I look for when it comes to TOS tutorials.
Absolutely amazing. I've been watching you for a week now and I've learned EVERYTHING about this platform from you. Well done bud, keep it up!
Congrats on your growth man! It's consistent 👍😀
Thanks man! Its really starting to take off! Even though i'm scaling back a bit for now. Awesome to see happen. The power of ranking videos! Dominating a lot of important key words already with such a small channel!
Just found your channel... GREAT information... keep them coming...
Will do! Glad you have found it useful!
Thanks for the great video. Easy to understand. The TOS instructional videos are hard to understand. Thanks for helping !! Subscribed!!
Thanks for clear explanation!!
Thanks man, you earned that sub. Finally someone that gets it and got me straight to what I needed in 5 minutes. Now I can actually make some money.
Hey man, thank you 🙏🏼 for all your knowledge
You're welcome!
I agree, your tutorials are better than Ameritrade’s
This was super helpful thank you! I would love to see what your 1 pt scalp trade looks like.
Glad you liked it! I do plan on showing that at some point but still practicing it!
at 5:43 in the video, when I move the order up and down, it will pop up confirmation dialog. How do I have to do to stop confirmation dialog to pop up so it will do like yours that can move the order up and down freely? Thank you!
Very informative.
Thank you.
You can also set up trailing stop losses easily from the charts too. Check that out here 👉 ua-cam.com/video/ZO1S-jX3wh0/v-deo.html
Very helpful u explain things very well!!!! I follow you now learning more everyday from your videos....thx a bunch
Glad to hear!
Your videos are so good, thanks for the great content
Great Videos. thanks for doing great job...... Do you have any more active trader videos .. more focused on reading and understanding the order book .. as to understand if the pressure is from selling or buying ..
Thank you man! Very helpful
Excellent video. Thank you, Riley.
On the Active Trader, how did you change the QTY to 1, 3, 5, 10, 20?
Go to Setup > Application Settings > Order Defaults > Change both the Default Quantity and the Order Quantity to 1. When you change those, the buttons change. Those values dictate what the buttons are.
@@RyanJ710 thank you. 🤟🏼
Great video and made me want to watch more from you. Thank you!
Thank you! This is great.
Great vid! Can you do more videos on your trading strategy with entry and exit points?
I do have a few videos that shed light on some of that but I am lacking videos with the key details.
This video talks about exit strategies👉 ua-cam.com/video/3yEmmXIAUPk/v-deo.html
This one talks about some entry points 👉 ua-cam.com/video/OdzumJWM-Co/v-deo.html
Also my video on swing trading fibonacci has great information too. I am a big proponent of learning and making your own plan though so of course use this for learning but try to create your own strategy that works for you we are all different.
Great tutorial thank you very easy to follow!!
Thanks bro, you clarified something's for me.
Awesome!
I would like to see a short video on the Reverse Button. Thanks
Thanks for the tips Riley! I was trying to drag the stop loss up and down but found out the stop will only move if the trade is in play. Learning alot from your channel and am Sub'd already. Thanks
great video and love the pacing!
Perfect channel.Thanks man
hello, how is it that your twinkerswim shows the bid-ask size full, in mine just a couple of numbers near the last order is shown.. how do you manage to have the full size visible? Im really confused
I'm seeing the same thing as you. Were you able to figure it out?
Another great video
Thanks! Glad you found it useful!
Thank you!!!
Thank you, it's really helpful.
Great Tutorial man!, cheers.
Thank you for the excellent presentation. maybe you have a solution for me, I am looking for a way to display the active trades entry prices on the chart, any idea how to do it?
Good job!
If you use the On Demand feature, it does simulate making you wait for trades during high volatility. For awhile, I thought the Sim was broken cause my orders weren't getting filled until twenty seconds later sometimes.
Yeah the thinkorswim on demand and sim feature can be a bit weird sometimes.
Can we use the reverse button for options contract? Example: to switch a Call to a Put same strike price?
Great video!
Is there a way to save the whole custom configuration of the active trader tab?
When I open active trader on another chart it shows default settings, I don't see how to save my changes.
When using active trader for stocks in the $1-10 range I keep seeing prints like 1.9304 and when I try to move my stop up TOS rejects it saying it only accepts .01 increments. Any suggestions?
dont trade penny stocks
Riley, when I look at my chart on the right hand side there is NO list of Tabs at all, where do I find them to put them there in the first place?
Same
Can you make a video on how to reverse and take profits order on a futures trade?
The reverse button should do that for you right away. It will close your current position taking profits or closing it out for a loss then it will have you going the other direction.
@@RileyColeman Thank you :)
Thanks for this.
But this is VERY frustrating: when you try to use Active Trader, by default it puts in orders for ONLY DAYTIME execution. Making your fills during premarket totally broken and causing you to get stuck with bad trades. How in the hell do you change this? I've googled everywhere.
I don't get why Thinkorswim always has the worst defaults for day trading, despite being set up for day trading. It's so freaking weird in that way.
I used the flatten button today for the first time. I wish I had known it takes me out of the position entirely rather than the trades. :-(
I learned something from your comment if it's worth anything. Thank you.
Riley, would you know if there Is a way to link a customized shortcut key to an OCO template I had created. So that instead of rt. clicking on desired bid, scrolling to choose Sell Custom, then choosing the one I created, I can just do it quickly?
On the "Quantity with buttons tab" can you tell me how you change this area to trade options contracts instead of shares? The Qty is defaulted to 100, 300, 500, 1k, 2k. I would like get my Active Trader to match yours for 1, 3, 5, 10, 20. Thank you Riley.
is it possible to have limit sell and limit buy on tos instead of buy market and sell market. or do you have any suggestions to set it to go in and out of trades. thanks
superb video!!! hey man i hope you can help me with a question, is there any way to know at what stock price i have entered or exited a position on active trader? not at what price i bought the contract.
If you find the super tiny settings gear button that is close to the open active trader tab button you can add a column to active trader called fills. That will show you where you're orders have been filled for opening and closing. Hopefully this is what you're looking for.
Riley,
Can you help me change the quantity pre-set on the buttons on the right side of the sell/buy buttons (the buttons that you just click to select the pre-set quantity to buy or sell. I can’t find a way to change it.
Does the flatten button close out options trades as well or just stock trades
How do you change your qty options ? I see that you have 1,3,5 and etc. How can we change this?
Can you change the quantity buttons that are set to 1 3 5 10 20 in your video? Could you, for ex, change them to 10 20 30 50 100?
Thx
I Need this to scalp options and can I test it on On demand feature too? Thanks👍
If you use brackets and say trade KO at a buy 61.0 and sell at 61.02 do you get a rejected sell message because it's trying to sell or something before it registered the buy?
WOW. This video helped me so much.. Thank you
You're welcome!
Do you have a trading group or team? Like discord or anything?
@@domjones I do have a FB group which you can find the link to in the description of the videos!
Where do you look up the availability (ETB, HTB, NTB)? I'm on TDA and I don't see it and cannot find how to add it if possible. Thanks!
What's the difference of active trader and level 2?
I have a dumb question. Say on regular stock, the ask size or bid size (in the active trader ladder) is that x 10? so..1 would really be 100 shares and showing 10=1000 shares? Thank you very much for your tutorials. I very much enjoy your style.
Not a dumb question at all. The bid and ask size are just showing the number of orders out there trying to get filled. It doesn't mean that you need to fit that order to trade or you can only trade in that size. So when you have a quality of 1 it does mean 1 share or 1 contract. It doesn't mean 1x the ask size or bid size.
New subscriber here, great videos!
Awesome! Let me know if you have any questions!
Can I do the brackets without a stop loss because I don’t use stop losses I just sell but I like that kind of an order with the limit and target if it’s possible
Riley can you use Active Trader on the mobile app?
Anyone know how to change the quantity to percentage of position or to dollar amount? I am tired of having to use a calculator to figure out how many share I can afford when all I wanna do is use my entire position on a trade. If there is no way to change the quantity then what is the most efficient way to use your full position without having to waste time on calculating how many shares you can afford?
I don't think you can have it calculate %
does flatten work with stocks or just options, tried it in paper money for stock it didnt work nor did ant hotkeys
Why are the volume bars shaded different colors in the active trader ladder ? 👽👽👽👽👽👽👽👽👽👽
As always, great stuff. Is there a TOS tab or section for option day trading that includes call volume and bid volume?
You can see volume in options chain under one of the columns. You might have to set change one of the existing columns to volume though. I'm not sure about bid volume though. You can right click on a option in the options chain and click copy it should say Copy.AMZN190418C1850 for example then go to charts and click paste and it will should you a graph of the that options trading history. Idk if that's what your looking for but hopefully it helps.
Riley, Nice job. Can you tell me if TD/TOS offers an Active Trader function for Option trading? Or anything close to it?
Hey Greg! The best thing I can think of off the top of my head is copying the strike price of the option and putting it into a chart then opening the active trader. In this video I briefly talk about that. Maybe this is what you're looking for.. It will only do it for one strike price at a time though but i'm sure you could set up some window to do a few if you wanted to have multiple open at a time.
ua-cam.com/video/ClDorTOZZh0/v-deo.html
In active trader my prices are showing up. It just has “...” where the price is suppose to be. Do you know how to fix this?
Nick Dyke stretch it out. Extend the price tab
How to place stop order in active trader window ?
Hey Riley , really good information. Do you know if there is a way to setup a stop limit order from the DOM directly without going into editing the order. Thanks
I think you would need to create the custom order then save it as a template then you could easily access it without having to edit it every time.
@@RileyColeman Is there a way to have the custom "saved" order be the default order? Say I create an OCO and want to use that for every order. Right now after I submit an order it reverts back to "Single" in the Template drop down box. I then have to click the Template box, choose the saved order configuration and then place the order..clunky.
is this area for futures?
Note: as of this date, 05-21-2020 when the market is very busy (over 60 candles per minute on a 4 tick Range chart) The active trader panel (showing the actual market price) is not synchronized with the chart. It can be as much as $2.00 off on /NQ or /ES ! So if you are a chart trader watching for signals you will be late to enter and if you do a buy market or sell market (futures) you will find you got filled at a price not even showing on the chart. BE CAREFUL.
cool video! How do you show or hide the volume blue bars in the Active Trader window?
If you right click the top bar where it says volume or the little gear on the right side you can deselect volume there.
@@RileyColeman hey, yeah, thanks for replying back, I guess it was a problem with the zoom, you know, the + & - buttons, and how much granularity on the prize is shown, thanks again
MEET is taking a beating , any thoughts ?
Not something I trade regularly. Just looks like it has had bad earnings. Wouldn't be looking to trade it and would hopefully be out of it if I was in it.
what signifiqued Trader Cnt in a second menu? thanks
Can you briefly explain how this would work for options? I just want to make sure if I click sell it won't Sell the option instead of closing them out.
Like if you have an option code input? Test it out in the sim trading platform and you should be able to find out. I believe it would close your position if you had one open because you can't have a long position and a short position on anything at the same time, It's just not possible.
Is there a way for you to drag out how a range of where you would like to get filled for a limit order? For instance, I want to buy 100 shares at $2732.00 but I'm okay with getting filled between $2732.00-2732.20.
Stop limit. You need to input the prices.
Riley can you put a stop loss on a stock you already purchased? or do you have to put it on at the same time you purchase it ?
???
Sorry for missing this. I don't believe you can.
on active trader is you see ALOT of people selling or shorting and no one buying woulldnt that be another indicator not to buy that stock ? Or the other way everyone buying and no or very little selling .......that that stock may be going up ?
Yeah that's usually what a depth chart or a time and sales will tell you. It can be hard to know how long that will last though. So i've never used it much but some people do trade based off of those charts.
my question is how do you add those 10/20/30/40/50 shares quantity buttons? Anyone
I can only see a single bid size and ask size at the market. How can i see the ones above and below like your screen shows?
Maybe yours is zoomed in or out? Hard to say without me seeing what you are looking at. Maybe the stock you are looking at?
Whats a good way to set your trailing stop ticks percent or dollar i currently do about 30 cents but might be to much . I watched the video on using the stops
I don't think you can actually set a trailing stop to be $ or % of the stock price that has to be calculated by yourself and then entered in, if that's what you're asking?
Yeah i know you have to manually add it in but whats a good percentage to not get stoped out. I seen where big firms will try to stop you out to get the stocks and make you lose money
@@John-ck2hp Something you can use is the ATR indicator or the ATR trailing stop. Because stocks are not the same when it comes to volatility this will help you decide what is a general amount you could use as a stop. What the ATR is average true range. It just calculates based on volaility what is a normal move and out of a normal move. If that stock moves more then the ATR in 1 direction that is out of a normal move and probably means the stock is moving in that direction. So if that ATR is 5 and the stock moves 6 is probably a good idea to close the stock based on using this method.
Great vid. But I dont seem to be getting filled on paper trading regardless of the way I pace the bid (Paper trading after hours on UGAZ)
Because it's after hours you might not always get filled.
can yoou moce the stop loss up and down after the buy order was placed ? and can you move the short buy button down further if you think the stock is going lower ? How can you find out how much a short will cost you total ? Lastly what do you recommend on a stop loss , what % age up and or down ?
You can move the stop loss up and down and also the profit target by clicking and dragging it down on a chart. To find how much it takes to short a stock you need to get to the trade confirmation to see how much margin it will cost to short it. There's no simple way to calculate it because the brokerage will change that number based on multiple variables. For a stock loss you could start off with how much you are comfortable losing on 1 trade or you could use the ATR indicator and use the number that that gives you to use for an ATR.
@@RileyColeman how do people make money on shorting? I assume if it goes down 5.00 and you have 20 shares you make 100.00 ........is that the basics ? Also how do you put a stop loss on a short ? Also how do I get the volume to show up on the upper chart on think or swim ., mine somehow disappeared. BTW your videos are EXCELLENT !!
@@RileyColeman are the Margins ever too big that it not worth shorting the stock ?
@@lrhomesold No I don't think the margins ever get to crazy.
@@lrhomesold Yeah you got the basics right on shorting. Basically someone lends you the shares to sell to someone but basically you make money as it goes down.
For volume you will want to go to chart settings and under general click Overlap Volume. If it doesn't show up go to the Equities tab under settings as well and clikc Show volume subgraph. That should get it to show up on the chart.
Excellent teaching once again. I agree with Mike594594 you should get paid for this. With the Trigger with brackets. Can you change the settings from a dollar or point, to a %of the buy price? IE if I buy a share for $100.00 then having it set to sell up $1.00 is fine at 1% profit, but if I moved to another ticker symbol that was selling at only $1.00 then it would set it to sell up $1.00 being 100% profit which is too aggressive. I would like to have it so that what price I set it at it will sell at say 4% regardless of the initial share price.... hope that makes sense...
Thanks for the support! I don't believe there is a way sadly... But that would be super nice. I think you have to calculate it every time if you want to try to stay with a % stop loss.
@@RileyColeman Thanks. I thought about it afterwards and I think as it is such a excellent tool that it might be worth me setting up and trialing a range of presets that cover the share values I normally trade. IE a preset for $1.00-$2.00 shares at say 4% would have a general setting of +or minus $0.06 being the average of that range. A preset for $2.00-$5.00 shares at say 4% would have a general setting of +or minus $0.14 being the average of that range. Its not a perfect idea but I can live with that as its a fast way to get skin in the game compared to entering the exact figures manually only to find the trade has moved on from what you were looking at. From what I understand I can then move the positioning of the stops later to a more accurate positioning for my goals. Also I am way over in New Zealand so not sure about the speed of our connection so getting in at the right time may be a issue especially when live trading.... (Still paper trading for now but close to going live)
That makes a lot of sense good idea. One thing to keep in mind is some stocks are more volatile then others too. So for 1 stock a 1% move could be huge and may mean your trade isn't going to way you wanted or is and then on another stock a 4% move could be big. Something to think about.
i don't see active trader on my screen
What is the difference between stop orders and limit orders?
A limit order is an order to buy at an exact price. So for example you can have a limit order to buy 1 share at $100.5 a stop order is an order to place a market order when a stock hits a certain price. So if you place a stop order at $100.5 and the stock hits the price of 100.5 it will put a market order in so if you have a stop loss it will put in a market sell order when the stock hits the price. But because its a market order you might not get filled at 100.5 it might be 100.4 or 100.6 depending on how fast the market is moving. But the idea behind the stop order is that you will get filled every time. With a limit order the market could tap 100.5 and reverse and you might not get filled, leaving your position still open.
great
you never showed how to adjust the increments (1,3,5, etc)
great vid! How the hell do i lock it to two decimals? Sometimes there up to five and then im not allowed to buy/sell cause there is more than two and the even ones are missing from the list. Wtf?!
I'm assuming you want the price increments to change? On the active trader tab next to the time and sales on the vertical menu there is the tiny gear setting then there are a few other buttons as well. There is a zoom in and a zoom out button. Clicking those will change the increments that the active trader shows of the price.
Thank you x100
Some reason i cant move my bracket up & down with my mouse when i left chick on it it just put a dot like the drawing tool
Maybe you have a drawing tool selected instead of the normal mouse?
Riley Coleman it finally started working maybe i did I dnt know
@@John-ck2hp Technology can be finicky sometimes.
You should join Shadow trader on TOS, the guy Rod is not useful at all. When market up he would say Holly smock, when it goes down the would say unbelievable, he can't foresee anything.
bud your videos are the tits. thanks
Hey bruh, this vid is helpful, but in my case, i want to be options day trader, i just got confused by other people's tutorials on it, i wanna learn how i can easily create call order, and how i can close it whenever i want, all the videos i found about it (not ur videos) they were not helpful
This video might shed some light on the subject. Let me know if it helps or not! ua-cam.com/video/95M7HhZkII0/v-deo.html
@@RileyColeman Thank u bruh it was helpful video !