Trade Options Fast Using Active Trader on ThinkorSwim
Вставка
- Опубліковано 6 лип 2024
- In this video we’re going to learn how to trade options using the active trader on ThinkorSwim.
This video will walk you through opening an options chart, adding the active trader, and go through all the steps needed to actually place trades. I’ll also briefly touch on some of the advanced tools inside the active trader that could be helpful later down the line. These tools include creating order templates, utilizing auto send, saving order templates for future use.
There are many examples throughout the video to get you comfortable using the active trader to trade options more quickly. We’re also going go through customizing the chart layout to make it conducive for options trading.
Timestamps
0:00 Intro
0:41 How to View an Option Chart
1:23 Trading Options with Active Trader
10:42 Creating Layout for Options Trading
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Please let me know if there's any tutorials you'd like me to make for future videos!
Can you do a tos mobile version of this?
Is there a way to buy or sell Verticals using the method you showed on Active Trader?
Sorry, they don’t have anything similar in the Mobile app
@@azharshamim1378 Unfortunately, no. You'll only be able to do a single leg on each active trader.
Can you do a video focused on forex?
With a structured approach it’s much easier to control your risk or your reward. So far, I’ve had eleven months of consistent profits trading options and forex!
So true! I couldn’t agree more. Just because trading is ridiculously complex doesn’t mean that it cannot be profitable. Congrats!
Thanks, Barb! … It’s absolutely refreshing to make money from anywhere with an internet service. Passive income for sure is liberating!
@@estevez1942 What’s working for you man? Trust me I’ve been doing this for about a year now and the technicality in getting profits isn’t always solved by following these UA-cam tutorials and strategies.
Perhaps you’re right mate. The reality of trading is much complicated and these online videos don’t cut it. Lol! Seems unreal.
Honestly dude, I believe it all boils down to industry knowledge and experience. I have my trades handled using advanced trading platforms by Christine M. Mila, an FCA-certified pro trader, she guides me on how to enter good trades, and with her system and solid trading advice my win rate has increased significantly!
This was ridiculously helpful. I'm noticing my current limitation is in the execution of the trades, and this was eye-opening. Thanks!
The way you explained the templates was so clear and just confirmed the importance of setting limits and stops. Thanks for the video!
Another option for switching between Options is to use a Watchlist. I will select 3-4 Puts and 3-4 Calls in the range I am interested and add them to a Watchlist. Then link the Watchlist to my Active Trader and switch between them simply my clicking the one I want in the Watchlist. The Watchlist has the columns Symbol, Position Qty, P/L Open, Bid, Ask. Those give me a quick high level glance as well as whether I am in a position, because I have in the past thought I had closed all positions but had the wrong Qty set.
This was very helpful. I learned a few tricks and shortcuts I had not considered! Thank you!
I would also like to add adding the P/L Open column to the Active Trader is very helpful as well.
I’ve watched this video at least 5 times!!! I get now! Thank you, thank you, thank you!❤
@@shundawilliams6549 Since then I have found an even better way! Hit me up if you want the link.
have you found a better setup for TOS active trader and folks trading options, especially SPY/SPX? thx
@nuumbrella Yep! Now using the Scanner to auto populate my watchlist.
thx@@bclaminack
This is one of the most perfected videos I've ever seen for any genre lol. This has helped my trading tremendously, thanks STS
Glad it helped!
Clear and consistent! Was able to really get a very good understanding of how to use this tool in my trading. I’ve watch many videos on tos and active trader and yours has by far been thee most informative! Thanks
Best TOS and AT "how to" that I've seen on YT!! Thank you!!
That was really, super helpful. I mainly daytrade SPY options and always felt like I was scrambling. You just sped me WAY up.
Glad I could help!
This video is a little hidden gem.
Thank you for sharing the knowledge!
SUBSCRIBED.
You covered everything. That is all that can be asked. We need to watch it 50 times. That'll do the trick. It will become second hand sooner or later. It's better you went through it like this. There are those speedy people who get it first time out. I'll be watching it again. Thankyou
Super helpful!!! THANK YOU!
Excellent explanation. Thanks very much.
I was really intimidated by options. I watched a bunch of videos and then gave it a shot. I bought nine contracts right out. Wow! What an experience. These videos are everything. I still haven't the faintest idea what I did but I did it and will buy more today. With penny stocks you don't have to get out of sorts. You just do it. Thanks Again!
I’ve been looking for a good trading video!! Thank you! Great video!
Incredible amount of information here!!!! Amazing video! Ur a natural at this.
New to TOS platform, and have watched a few dozen videos about it. Your videos are by the best, and there is not a close 2nd. Good work.
The video was very informative and helpful. Thanks for taking to the time to share this very useful information..
Thank you so much for such a great resource to learning active trader. You made it make sense
I have been looking for this and I couldn't have asked for a better video.
This is the video i have been looking for! Thank you
incredibly useful video, thanks for creating this!
Excellent video. Thank you!
This was so helpful! I learn something new about the Think or Swim platform. I usually use the active trader for futures because I couldn't understand how to link the options contracts the way you just showed me. Thank you so much!
Fantastic video. Thx
Amazing video man! Thank you.
Thank you so much for this very informative video!!
super! This is very helpful!
Great video...super helpful and very clear!
Thank you!
Thank you for posting a helpful video
Nicely Explained Thanks😄
Excelent video,thank you a lot Bro.
i appreciate this so much. thank you.
Excellent, extremely useful "How-To" - fast, but that's what pause & replay are for. Chapter timestamps very much appreciated - THANKS!
I’m a very fast speaker too which doesn’t help much. Definitely trying to slow things down a bit
Awesome, thank you!!
This was a terrific and helpful video even though 2 years old 👍
I've been wondering how to use A.T. for Options...and here it is! Very well done!
Glad it was helpful!
Great video!!!
THANKS FOR TEACHING ME SOMETHING I HAVE NEVER USED ON TOS !
thanks, great video, really helpful
FANTASTIC OPTIONS SETUP & TIPS
Thank you!
This was so helpful. Thank you.
Thank you!
Thank you
Amazing video! Helped me a lot with the platform!
Thank you, glad it helped!
Thank you 👍🏾
Great video 👍
I daytrade options. This is great!
I knew I should be able to use the active trader for options but could never find it. THANKS SO MUCH!!
This is an amazing.
Great tutorial. really helped me navigate TOS
Glad it helped!
Thank you, dear...Amazing!
Many thanks!!
best tutorials
Ty so much!!! So appreciated
You are so welcome!
YOU ARE AMAZING , THANKS FOR YOUR VEDIO .
Glad it helped!
Thanks!
Wow, thank you!! Let me know if there’s anything you’d like me cover!
Great stuff…would to see your process on evaluating option and future trades when using the TOS platforms.
Love the video. I remember I was telling you about sending it to a different color. Didn't dawn on me to setup puts on another grid. That's a very good idea.
Also you may wanna test changing the refresh rate for active trader within settings.
@@Mr_Duck_RVA Good call!
Hey SHort, very helpful tutorial! Thank you. Question, My TOS screen looks very different than yours and not all that conducive to trading options. By any chance have you made a shareable template for your workspace you could share?
Would have liked to see if there's a way to manually adjust trailing stop if you have a winner
Ok. very good video! Thank you!
My question is this. Why do the orders not show up on my stock chart when I place my trades? (the little bubble thingy) ls there a wau to get it to show? Also a video foe active trader on mobile would be helpful.
how did you get ride of those annoying boxes in the active trading?
This is much better than talking to td ameritrade representatives.
Glad it helped!
Thank you for the vid, I know this is old but, are you saying that flatten is the main way to close a position?
Thanks for the video. I notice that when stop orders are created by right clicking the instrument from the Monitor tab, they do not appear on the price ladder and cannot be easily adjusted by sliding the arrow on the chart. I thought that one important aspect of a stop price is that the market cannot "see" it. Are the stop orders created in Active Trader actually "Stop" orders, or are they actually limit orders that other traders can see on the ladder?
Another Home Run !
I love you bro. Now I need a monitor lol cause now my laptop too small 😅
Hah hope it helps!
yooo, appreciate the video. I was wondering if there was a way to add a watchlist to a cell on a single block in the grid? i watch several stocks and I choose contracts according to certain levels. seems like the only way is to detach the watchlist. which in TOS you already have to detach the options chain if you wish to keep an eye on that at same time. could just keep watchlist on the left, but alot of screen real estate to cover. Be great if we could add both to a cell
is there a way for spreads?
How can I show the percentage win or loss in the active trader? I enjoyed your video!
hi, what if you wanted to a iron condor, spread, strangle, etc ? Instead of single contract ?
This was great info and very helpful . Thx
Thanks!
Great video but while you're in the trade, where on your screen are you viewing p/l? I no the monitor page shows that but switching screens defeats the purpose of speed in trading!
How do you decide which option to choose on the option chain?
I am new at this: How can I set up my chart like what you have on youtube. Please Advise
At 9:58 , are you saying the buy-limit order and the stop-loss will adjust themselves according to the fill price or are you saying they will both execute by buying and selling simultaneously because the fill price was lower than both?
A chart of the underlying with an option montage and the active trader on the option selected is the view I'd like to see.
Hi, do you know how to set a market on close condition, something like no matter what is the price and i just want to close it before 10 minutes market close ?
What’s that stop order mean?
When I select 'AT + Chart' in Active Trader, a window pops up to the right of my chart and contains the active trader info. Can that be moved to the left? Makes more sense since data keeps unfolding to the right in the chart.
You are damn good Man
Thanks!
May be a dumb question....but on flex grid, how do I get rid of the boxes in the middle of each chart
I know this vid is old but a few steps are missing like setting up the options page, to for a beginner this is critical. Thanks
Hey Short. Truly the best video out there for this. I am curious to know if we should load the BUY MARKET/SELL MARKET or BUY ASK SELL BID for day trading? Or should we try our luck Limiting the Mark (middle prices and not get filled)? Thanks Brother. Wish you much success!
For the big buttons on the active trader. I saw someone use the BUY ASK/SELL BID instead of market. Just curious to know what you think.
If you're trying to get in as soon as possible then I would personally stick with buy ask/sell bid. That way you're still using limit orders, but still almost guaranteed to get a fill. I still use the mid 99% of the time, but I'm not day trading
@@shortthestrike thanks for your reply. What would you suggest if the options spread is quite big .50+ cents? On a big name stock. Seem to be having an issue with this.
@@rafaelmarquezf If you're looking at something like amzn that'll just be expected. If you're not too worried about paying a little extra by putting to get in immediately, I don't see anything wrong with using buy ask/sell bid. I would stay away from market orders completely
Great video. Does TOS have a way to track our daily realized P/L? I’ve noticed it doesn’t show up in Active Trader for options
They don't. It makes it hard to compete with my Discord buddies.
Yes ... but IDK how to explain it
It's on the app. If it's on the platform, I don't know where.
how do you get rid of the side bar boxes in flexible grid once youre done setting up your active trader?
Hit the grid icon in the upper right, then checkmark "customize grid." You'll then get the little boxes in the cetner of each chart and you can uncheck the side bar tab. That'll get rid of all of them!
So is this direct access software..?
The biggest issue I have is when I have multiple positions open, I track via the Monitor Tab. Getting each option back into Active Trader from the Monitor without going back to be the options chain is cumbersome and slow. I really wish TD would fix it.
what about being able to see what you just bought. like when you buy commons they show up on active trader, can you do that with options?
It’s broken for options, hopefully they make a fix. I have a second monitor so it’s never a concern, but you could add the watchlist on the side for current positions and edit the columns to include trade price and qty to keep track of it
I would like to be able to monitor/ trade up to 4 underlyings at a time. But Active Trade seems to only allow me to trade on asset at a time. ??? Is this true?
If I am long on an option trade (Existing position) how can I insert a stop loss to cut my losses. When I tried to click on the right even though it said STP, when in monitor, it shows up as "sell to open". I was expecting to see a "sell to close", in other words, it created a NEW STP order, not associated with my existing position.
OK, on the Flexible Grid, how do u get rid of the dialogue box (show side bar, add window, delete window)? It's hiding prices.
You'll need to click on the little grid icon in the upper right hand corner. Then in the list below you need to "uncheck" the box called "customize grid"
How do you trade options based on the underlying equity? I’ve seen options orders being placed/filled based on the actual security. For ex. You place a order for a call and it shows up on the spy chart so you can see where it needs to go to get filled
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@@shortthestrike get back to work the markets open bro. Thank you!
@@ThatEngineerGuy_ Losing too much money today. I need to look away!
@@shortthestrike smart man. Know when to walk away. 3T in expiries today we knew it would be a cluster f.
can tutorials how to trade use phone?
For anyone reading this, you cant actually switch very quickly which option you are watching by selection the drop down menu (where you would put the symbols you are monitoring) then navigate to option.
How do you get the P/L open/day/etc on the active trader? I'm struggling to figure it out.
Those column display automatically. Are you sure you have the active trader open and not one of the other trade buttons? Using it for options wont work. I talked to someone at td and they said its something the developers are working on, but who knows.
@@shortthestrike Hey, thanks for getting back to me.
Yes, I have the active trader open. I actually am planning on using it for options. I saw a video of someone showing an options trade on ToS and he had the P/L on the bottom of his active trader. The video is called, "Scalping Options with ThinkorSwim Active Trader" by Vincent Desiano, skip to 10:30, if you'd like to check it out.
Anyway, last night I found a way to somewhat display it using the detach feature. I detached the options chain tab and on the bottom it has all the position details. I rescaled it and use it as a smaller tab that's open. Just would have been nice to have it more easily accessible is all.
So if I hit the green buy market I'm in for 1 call option but if I hit the red sell market will that sell my a 1 call option or will that put my in a 1put option??
Great question! It would sell the call. If you wanted to buy a put to take advantage of a down move, you’d either need to put the put option in the active trader or have one set up for calls and the other for puts
@@shortthestrike gotcha thankyou I was confused about this I will practice with paper trades try to get comfortable im currently using mobile and wish my fills were faster this is it but gotta get used to it
Can you get real-time data on TOS paper trade without having a real account?
They technically can, but I haven’t seen any of them do it unless you have a live account with over $500 in it.
yeah you can you just have to deposit 500 dollars into live account
Can we make conditional order using active trader? If we can please make a video how to do it.
If you're talking about time contingent orders or things like study conditions, no. The only thing you'll be able to do is advanced orders like OCO/2OCO/3OCO.
@@shortthestrike O ok.. I was thinking about making conditional order on options contingent to the stock price for setting the stop loss and target thru active trader. Maybe if there’s such thing it will be easier and faster.
How do you make your order default something other than single? It's a pain to reset every time.
You can head to Setup > Application Settings > Order Defaults > Options. You can also head over to Active Trader then uncheck the "Reset AT order template after sending." That way your ladder wont reset everytime you place a trade with it
@@shortthestrike Thanks. I'll check that out. I've been decades with IB and have been trying TOS to make a switch or use for different strategies.
how do you get rid of the notification window in the middle of the charts?
What notification window are you seeing?
Click the top right box with 6 tiny squares and uncheck customize grid