I have watched so many of your videos. Always clear and to the point. I do have a question for your fist example. Setting a stop on an options contract you already have. When review box popped up it said the max loss was infinite. When buying a call or put the max loss is capped at the cost of the contract premium correct? And hopefully your fill price on the stop wont be horrible. Thank you
Hi! I enjoy your videos. I recently tried using a study for a stop, and it failed. I made the call. None of the guys seemed to be able to figure it out. On my second call I think I figured it out, and this was not mentioned in your video. When you place your study make sure to match the time frame to your chart. The time frame default on the study is the daily. Move it to the 15 min, 30 min or whatever your chart is set to or it will not stop out as you want it.
@@williamcrafferty8008 It is in the condition window. After you click the gear on your stop order, click on Mark and pick STUDY/edit. The conditional window opens up. In the top left corner it says "condition setup D," which means it is set for some random daily chart. When you click on the D, you get a menu with minute options. You can then pick the 5 minute chart, 15 minute chart and so on, whatever you like. You can then add your condition and click save...
Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.
@AustinWalker67 Bridget Mary Turow her trading strategies is working for me for more than a year now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy
Nice video... I've been searching for ways to place stop orders on options based off the stock price. This was just what I was looking for because I would have never figured all this out on my own. Thank you!
Thank you for breaking this down slowly. Was having issues on mobile and thought I was stupid but it looks like it doesn't work at least not for me, but on the desktop it looks like it is fine! Thank you!~
YAY! Thank you so much for this video!! You're the BEST! I truly appreciate it so much. Thank you for all you do and all the work and editing you put into these videos! I have a question in regards to the stop loss based on stock price, in the video at 11:42 you had the "Less Than or Equal to" () or the "Less Than or Equal to" (
Extremely useful indeed. I swear I would never, ever have found that little hidden gear icon on my own!! Not in a month of Sundays. I'm now scheming that it must also be possible to set up limit BUY orders for options, triggered by the underlying stock price hitting a pre-set price. And at the same time, put in exit stop - limit orders, again based on the underlying stock moving either up or down. This would open up a world of possibilities.......
very knowledgeable guy. I appreciate your dedication to teach others like me. I learned a lot from your video. still you are my reference for any problem. I recommended your video to a lot of people and all are amazed. please let me know if you have any paid class or discords that I can attend or follow.
Thanks for explaining how to link stops between options and their underlying in TOS. I'm trying to figure out from what I've learned here how to buy a call/put or debit spread at the mid price when the underlying price is less than/greater than X price and also put in a stop for the option when the underlying gets to X price. I also want to take partial profits on the option when the underlying reaches X1 price and close out the position when the underlying reaches x2 price. I think it's all possible to do with 1st trgs 2 OCO and messing with the Order Rules tab, but a video on it would be awesome!
Is it possible to do the following? When I enter a trade I would like to put 3 stop conditions: 1) exit if the option price reached a certain profit level, 2) exit if the option price reached the maximum loss allowed and 3) if none of the 2 above has triggered then close the trade on a given date (say 2 days before EDT). How can I do this?!
Darn! You’re just a first rate instructor. Since you asked (in response to another comment), could you please explain the manipulation of the TOS feature that searches for classic chart patterns (flags, wedges, head-and-shoulders, etc. )? I just don’t seem to be able to make it show anything.
I'm not sure why on demand isn't giving me the trailing stop option? I bought a put option contract, that I want to trail as it drops. But my only selections are market, limit, stop and stop limit?
This was such a good video. Thanks so much. They recently updated TOS app. Can you do a video showing how to sell based on the underlying stock price on TOS on android? .
Thank you so much such a great video one question though so when you put a trailing sell stop order does that pull up the sliding bar on your chart that you can adjust up and down thanks again
Bro I was looking for this video everywhere I seen similar videos but this one really explained a lot. What is a liquid stock option to you. Would you consider spx spy Tesla apple option and these big name liquid?
Thank you for this. I will use the study closing order however with options I don't want to keep it before market close how do I set oco with it a time sell closing order. Again thank you.
This is extremely useful. Do you by any chance do a paid tutorial/class ? Would love to avail your services/learn from you on paid time if you are interested in that. Thank you!
@@shortthestrike do you have any email or method of direct contact ? if not I'll just post on videos themselves. you are doing Gods work - if you ever change your mind , i'll be first to sign up for any paid consultation :)
Can you change a stop market order during the trade and how would you do it? In other words if (hypothetical) my stop is at the option PRICE of $5.00, the stock shoots up, I want to change the hard stop to $5.50, kind of a manual operated trailing stop according to option PRICE. I just tried it on ToS paper and it closed the whole trade out on me. This is making me crazy, there’s got to be an answer.
When I try to do a Trailing Stop 'trailstop' for an option on ThinkOrSwim using OnDemand that option does NOT appear in the drop down menu. I contacted support and they said that option is NOT available using OnDemand. However, in the video it looks like you are using OnDemand. Is it possible to practice setting a 'TrailStop using OnDemand?
Don’t just like, subscribe. And leave a comment, even if it’s just an emoji. Comments drive UA-cam calculations heavily. IMO, this channel is WAY undersubscribed. It’s nuts.
It's hard to even understand because you don't show where it is on the chart and it's too many methods at once. Do you have a simple video, maybe put them from simple to more advanced. The first I'm thinking is how to put the take profit and stop loss how you did the threshold option.
Ok dip-stick what does this have to do with trailing stop which according to the title was what you posted that is according to the title but the title like all communist politicians is an all out lie. Other than that thanks and also another thanks for nothing.
Please consider hitting the LIKE button if you found this helpful!
I have watched so many of your videos. Always clear and to the point.
I do have a question for your fist example. Setting a stop on an options contract you already have.
When review box popped up it said the max loss was infinite. When buying a call or put the max loss is capped at the cost of the contract premium correct? And hopefully your fill price on the stop wont be horrible. Thank you
Can you share how you get the colors (red/ Green) on your Position Statement for "%Change" profit/ loss?
Hi! I enjoy your videos. I recently tried using a study for a stop, and it failed. I made the call. None of the guys seemed to be able to figure it out. On my second call I think I figured it out, and this was not mentioned in your video. When you place your study make sure to match the time frame to your chart. The time frame default on the study is the daily. Move it to the 15 min, 30 min or whatever your chart is set to or it will not stop out as you want it.
where is it that you can change the default time frame? I cannot find what you are referring to...?
@@williamcrafferty8008 It is in the condition window. After you click the gear on your stop order, click on Mark and pick STUDY/edit. The conditional window opens up. In the top left corner it says "condition setup D," which means it is set for some random daily chart. When you click on the D, you get a menu with minute options. You can then pick the 5 minute chart, 15 minute chart and so on, whatever you like. You can then add your condition and click save...
Absolutely the best explanation of placing stops on options in TOS. Thx for this.
Wow! Thank you so much for doing this video. I had no idea you could place a stop based on studies 🔥 Appreciate you, blessings! 🙏
Now that was fantastic. You covered everything I needed to get me out of my trades automatically. Superb!
Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.
@AustinWalker67 Bridget Mary Turow her trading strategies is working for me for more than a year now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy
Easily the best video I've watched on YT this year.
Nice video... I've been searching for ways to place stop orders on options based off the stock price. This was just what I was looking for because I would have never figured all this out on my own. Thank you!
This is probably THE BEST explanation for me on placing stops, Thanks a bunch.
Exactly what I was looking for, thanks for the thorough yet easy to follow guide!
Thanks for your time assisting this community. A job well done.
I was placing wrong stop loss on spreads, but you clear it up, thanks so much... you rock. 👍
Thank you for breaking this down slowly. Was having issues on mobile and thought I was stupid but it looks like it doesn't work at least not for me, but on the desktop it looks like it is fine! Thank you!~
Great video. Thank you! Looks like it this can be made into something very powerful with some scripting. very nice.
YAY! Thank you so much for this video!! You're the BEST! I truly appreciate it so much. Thank you for all you do and all the work and editing you put into these videos! I have a question in regards to the stop loss based on stock price, in the video at 11:42 you had the "Less Than or Equal to" () or the "Less Than or Equal to" (
Thank you so much, this video is fantastic! Super thorough and valuable!
Great job brother, thank you for helping the community.
Extremely useful indeed. I swear I would never, ever have found that little hidden gear icon on my own!! Not in a month of Sundays. I'm now scheming
that it must also be possible to set up limit BUY orders for options, triggered by the underlying stock price hitting a pre-set price. And at the same time, put in exit stop - limit orders, again based on the underlying stock moving either up or down. This would open up a world of possibilities.......
very knowledgeable guy. I appreciate your dedication to teach others like me. I learned a lot from your video. still you are my reference for any problem. I recommended your video to a lot of people and all are amazed. please let me know if you have any paid class or discords that I can attend or follow.
Thanks for explaining how to link stops between options and their underlying in TOS. I'm trying to figure out from what I've learned here how to buy a call/put or debit spread at the mid price when the underlying price is less than/greater than X price and also put in a stop for the option when the underlying gets to X price. I also want to take partial profits on the option when the underlying reaches X1 price and close out the position when the underlying reaches x2 price. I think it's all possible to do with 1st trgs 2 OCO and messing with the Order Rules tab, but a video on it would be awesome!
Great info., thx... definitely worth a look!
Amazing video. Glad I found you. Appreciate all the tutorials. The best I have found. I will be binging :)
Wow! another awesome video! Very high quality content. Thanks!
Mind Blown! this was great
Super helpful and clear. Thank you!
Is it possible to do the following? When I enter a trade I would like to put 3 stop conditions: 1) exit if the option price reached a certain profit level, 2) exit if the option price reached the maximum loss allowed and 3) if none of the 2 above has triggered then close the trade on a given date (say 2 days before EDT). How can I do this?!
Darn! You’re just a first rate instructor. Since you asked (in response to another comment), could you please explain the manipulation of the TOS feature that searches for classic chart patterns (flags, wedges, head-and-shoulders, etc. )? I just don’t seem to be able to make it show anything.
Thank you for this video. You doing great. Ik it take a lot to even make a video.
Thank you!
I'm not sure why on demand isn't giving me the trailing stop option? I bought a put option contract, that I want to trail as it drops. But my only selections are market, limit, stop and stop limit?
This was such a good video. Thanks so much.
They recently updated TOS app. Can you do a video showing how to sell based on the underlying stock price on TOS on android? .
Thank you!
Good stuff. But how about a vid on how to place trailing stop on active trader
How in the world were you able to figure all that out?! On your own or did you work for TD Ameritrade? ;-)
I fw this channel man
Thank you so much such a great video one question though so when you put a trailing sell stop order does that pull up the sliding bar on your chart that you can adjust up and down thanks again
Not a sliding bar. You'd see the red order ticket for the stop, but to adjust you'd have to manually adjust the offset amount
Wow I did know you could do that
Can you do this video on iPhone mobile tos ? !
Wooooww 😳 thank you so much
For the study crossover method, how to specify the time frame is 2m instead of D?
Bro I was looking for this video everywhere I seen similar videos but this one really explained a lot. What is a liquid stock option to you. Would you consider spx spy Tesla apple option and these big name liquid?
Look at the Open Interest for the option at the strike to tell you how liquid it is.
Question when using the study for your entries or stop does it consider timeframes ?
This is helpful.
Fantastic video! Can you set a sell signal from an external source? I’m thinking of a data file, etc. thx very much.
Thank you for this. I will use the study closing order however with options I don't want to keep it before market close how do I set oco with it a time sell closing order.
Again thank you.
How do you get the red and green bars in the% change in the potion summary?
great video
This is extremely useful. Do you by any chance do a paid tutorial/class ? Would love to avail your services/learn from you on paid time if you are interested in that. Thank you!
I don't, but if you have any specific questions let me know!
@@shortthestrike do you have any email or method of direct contact ? if not I'll just post on videos themselves. you are doing Gods work - if you ever change your mind , i'll be first to sign up for any paid consultation :)
Can you change a stop market order during the trade and how would you do it? In other words if (hypothetical) my stop is at the option PRICE of $5.00, the stock shoots up, I want to change the hard stop to $5.50, kind of a manual operated trailing stop according to option PRICE. I just tried it on ToS paper and it closed the whole trade out on me. This is making me crazy, there’s got to be an answer.
When I try to do a Trailing Stop 'trailstop' for an option on ThinkOrSwim using OnDemand that option does NOT appear in the drop down menu. I contacted support and they said that option is NOT available using OnDemand. However, in the video it looks like you are using OnDemand. Is it possible to practice setting a 'TrailStop using OnDemand?
Is your name Matt? From Trade Brigade?
Is this available for trading on mobile?
Very Helpful ! Thanks for keeping lights On ! Please, can you speak a little bit slowly in your videos ! Thanks
Don’t just like, subscribe. And leave a comment, even if it’s just an emoji. Comments drive UA-cam calculations heavily. IMO, this channel is WAY undersubscribed. It’s nuts.
This is different to my website any on the new ones ?
Hello
How can I place stop loss order by asset price to close sell vertical spread?
Thank you
does anybody have a certain way there doing with this with good profits? Id love to back test and capture a higher percent thanks
dude put just your referral code large in desc. to hard to get it out of the link. sry couldn't use it.
It's hard to even understand because you don't show where it is on the chart and it's too many methods at once. Do you have a simple video, maybe put them from simple to more advanced.
The first I'm thinking is how to put the take profit and stop loss how you did the threshold option.
Great video. Is it better to base the trailing stop off the mark price or ask price if you bought an option? Or is it just preference?
Use Mark to be on the safe side....
How do I place a trailing stop loss according to the underlying stock price?
You really can’t, at least I haven’t figured out a way to do it
You can't on an option.
Is that a custom script is that under the P/L % column?
Are you talking about the % change columns in green/red? If so, yes they are. I'm about to post a video with the script and exactly what its showing!
yessir... Appreciate it
There has to be a faster way to get out of a stock than this . By the time you do all this you will be down bad
🥃
this doesnt work On Demand, on demand has sucked since many users changed to think or swim. you cant back test anything..
Ok dip-stick what does this have to do with trailing stop which according to the title was what you posted that is according to the title but the title like all communist politicians is an all out lie. Other than that thanks and also another thanks for nothing.