Lesson 3 of 8: Using the thinkorswim® Trade Tab | Getting Started with thinkorswim®
Вставка
- Опубліковано 21 сер 2024
- Getting Started with thinkorswim® | 11-20-23
Characteristics and Risks of Standardized Options. bit.ly/2v9tH6D
In this video, we explore the functions and tools found on the thinkorswim Trade Tab, which allow a trader or investor to quickly place and manage orders for stocks, options, forex, and futures. We also discuss potentially important data that can be found via the fields titled Trade Grid, Today's Options Statistics, Options Time & Sales, and so much more.
You just opened a new account and downloaded the award-winning thinkorswim® trading platform, and wow, where do you even start? We had the same feeling! Join your education coach for this weekly, basic overview of the thinkorswim® trading platform. When you feel like you understand the basics, then join one of our more in-depth reviews of this amazing software-Exploring thinkorswim® or Scripting with thinkorswim®.
0923-31BC
Options involve risks and are not suitable for all investors. Please read the Characteristics and Risks of Standardized Options carefully before trading.
#CameronMay #TraderTalks #CameronMayCS #CharlesSchwab #Schwab @CameronMayCS
![Дон ДОН, Алаудинов и СБЕЖАВШИЕ из под Курска ахматовцы 😁 [Пародия]](http://i.ytimg.com/vi/dEfCf5IK26Q/mqdefault.jpg)
Excellent training for Thk or Swm, Greatly Appreciated, Thanks.
Glad you liked it! ^CM
Thanks so much for the excellent instruction. It would be easier to follow the cursor if it was highlighted in some way, thus instead of searching with our eyes for the cursor, we could pay better attention to your words.
Great suggestion, and as a matter of fact, if you watch my most recent videos, you'll see that I've changed to a larger green cursor to aide visibility. I hope that helps, and thanks for watching! ^CM
Are all 8 of the Getting Started with thinkorswim lessons located in sequential order any place? Same with other lessons such as Getting Started with Technical Analysis? I would like to go through each series of lessons in sequential order to be sure I covered the complete topic before jumping into another one. Appreciate the great lessons. JDM
You can find all eight of Getting Started with thinkorswim here. ua-cam.com/play/PL8a6s5nq1lPTMHmq7rNVIQE9mqyhsxD5I.html You will need to scroll down a little bit but they are all there. Same with Getting Started with Technical Analysis. ua-cam.com/play/PL8a6s5nq1lPSAWNZY0fBW06pPq0dV_U-L.html ^BC
Good morning, do you think you guys would consider of modernization monitor tab Position summary tab P/L ? it's very confusing when you want to understand what's your P/L for day or for the share. No specific color or +/- signs to understand. It would be way easier if P/L would just distinguish with green/red colors and would make easy to understand it rather than taking extra seconds while you may miss a good deal. Thank you
Cameron is a very good instructor. Easy explanation.
Happy to help! To have your P/L Day values change to red or green on price ticks: "Account Settings" icon (gear icon) in upper-right of thinkorswim > Application Settings > Display > Show color price ticks > check "Position Statement" box. I hope this helps, and thanks for watching! ^CM
@tradertalkswebcasts thank you CM and team. Appreciate your help with it.
On the Options statistics, I use just the iv percentile when I am selling puts.
Thanks, Linda! ^CM
Hello....is "Copy Trading" a good thing? Good for a beginner? Or anyone at all? Thank You
As with any approach to trading or investing, there can be pros and cons. Among the potential considerations would be the effectiveness of the trader being followed, as well as the timeliness of the follow trade (may be late to the motivations of the original trade.) As an educator, I can't advise whether any particular technique is "good" for a specific investor, but I do wish you luck in whatever approach you decide to take. Thanks for watching! ^CM
I have a question on a stock order, in the TIF (time in force) field there is a link that is rhere or broken. What does that do? I have clicked it and see no change in the order at all
Happy to clarify! That link is used to link the Time in Force of multiple orders together on the same order "ticket." For example, if a trade is being placed with one buy order and two sell orders and the trader wants all three to be "GTC," rather than selecting "GTC" three times, they can instead just click the link and then change the first to GTC. I hope this helps, and thanks for watching! ^CM
Is Order Entry customizable such that after selecting the Amount option in the Qty field and entering a budgeted amount for my order the equivalent number of product units is calculated automatically and rounded down to the closest match?
That is not a trade feature on thinkorswim, but it can be done on schwab.com. Hope this helps! ^CM
For a GTC trade, could I specify that it is to be effective after the first half hour of trading each day?
Happy to help! In brief, you could set the order to be submitted after the first hour on a given day, but I'm not aware of a function that would skip that first hour every day on a single order. ^CM
Can I sort the strike prices to be in descending order (as on charts)? Confession: I know that TOS does not proide that feature, though Robinhood does. I don’t know a single other inividual who actually cares! I guess that’s why it is not available.
In any event, thanks for watching. See you in the next one! ^CM
Can you set up a floating stop loss order in ToS?
Stops can be set a fixed dollar amount or fixed percentage amount per share below a selected price, or one can also set both of these to "trail" if price subsequently rises. In any event, a stop is not a guarantee of a specific selling price. I hope this helps, and thanks for watching! ^CM
Is there a sell all choice? You showed the buy stuff but then went to options which I don't do.....thnx
Do you mean a "Sell All" function to sell all shares of a single stock? Or sell all stocks in an entire portfolio? Happy to help, but I want to make sure I offer the help you're actually looking to receive. Thanks! ^CM
Thnx for the quick response...I found the solution, just not used to this platform yet,,,my bad. All my SSE is customized, charts,scans,WL's etc. I would think it would be possible to convert all of it over to TOS fairly quickly for the nerd kids...not so much for us old guys lol
What different letters at Bid and Ask prices mean?
I'm happy to help, but I may need you to clarify: Where are you seeing these letters? You may have a custom column, so I'll need to know what that column is in order to give accurate direction. In any event, thanks for watching! ^CM
This was perfect ⭐️
Glad you enjoyed it! ^CM
Really bad 👎
What would you like to see for next time? ^CM
😢😢😢😢
Thanks for watching! ^CM