Trailing Stop Orders! ✋ (+ Best Execution Techniques)
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- Опубліковано 4 чер 2020
- Whether you're looking for an easier way to manage multiple positions or simply trying to hit that big home run, Trailing Stops are vital for any Day Trading Strategy!
Learn the advantages and disadvantages along with key execution techniques when utilizing Trailing Stop Orders in your Trading!
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In this video the TraderTV.Live crew will explain the ins and outs of Trailing Stop Orders in Day Trading.
We Breakdown all the key aspects of a Trailing Stop Order including:
➤The best time to use one
➤How to properly set a Trailing Stop
➤The difference between a cent based Trailing Stop and a percent based Trailing Stop.
Outline:
0:20 - Introduction
1:03 - Definition and Why you should only ever use a Trailing Stop on winning positions.
2:48 - Shawn uses SNAP to show how a Trailing Stop can land BIG trades!
5:45 - Multiple options when it comes to the method you choose to set a Trailing Stop.
8:57 - When to initiate a Trailing Stop?
10:45 - Shawn uses CGC to show proper initiation of a Trailing Stop.
13:08 - Summary of topic.
Trading Software: daytradetheworld.com/trading-...
🔖 Useful Reading
The Importance of Stop Loss Orders → www.daytradetheworld.com/trad...
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If you’re a losing trader thank you guys for paying my paycheck! Feels amazing to withdraw those gains from the exchange markets!
This is so cringey. Holy crap 😂
Hahaha it’s facts though. I’ve made over $430k this year! Honestly, dude it all boils down to experience and proper risk management…
How so?
Could you elaborate if it helps?
I’ve been so unlucky trading.
@@sPacEBallOOn Lol!
I’m in my 3rd year. Still inconsistent.
Trust me this is a psychological business.
Trading is not nearly as scary as it might sound, there are many great advantages that come when doing this, I believe you’re just not going about it right or, you’re not been taught by the correct type of people.
This video formating is hilarious. Like it's MSNBC, ha, ha I lost it when the two guys started shaking their heads 0:41
Thank you guys! See you next week!
Our pleasure! Have a great weekend and we see you on Monday at 9 a.m. ET at our live show!
Wow. Love it. Thank you kindly Gentlemen
Glad you love it! You are welcome! Please stay tuned - more educational content is coming!
Blessings! Great production 👍🏾
Thank you 🙌
Thanks guys, you are seriously amazing.
Thank you very much! We are getting better each day for you! Please stay tuned to see more trading content!
@@MoreTraderTVLive p
Awesome work guys.
Glad you enjoyed it! Please subscribe and stay tuned to see more educational content!
How you set trailing stoploss in option trading? Please show your order for us to learn when you set order. Thanks
@KATHIMORGAN is her user name for help.
Superb video
Awesome 👏 Thank you
You're welcome 😊 Please stay tuned to see more great content!
Very Nice thank you🙏
Glad you like it! Please stay tuned to see more educational content!
When trading less liquid stocks, how should I initiate a trailing stop market order?
Average True Range... Great insight for today. Got it. thanks
Good morning. Could you help me with a question? Do you know if the Binance broker has how to schedule for example 5 buy orders, allocating my usdt only in the order that is first executed? ( ignoring all other orders, staying only in the first one. ) Thanks.
Great video. Can you guys talk about pull backs and re-entry? I hear you guys talk about, if price pulls back to this level, I'm loading up again. How do you know what the price is that the stock will pull back to and take off again? I know you use whole numbers alot but I also hear, if price pulls back to .85 I'll go long again. Please explain more about puilbacks. Thanks
Glad you like it! Please watch our video where we explained Support&Resistance: ua-cam.com/video/QfOSbmeKU_g/v-deo.html
By identifying key levels that in the past acted as support or resistance!
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i dont know if you answer questions but... Is there such a thing as setting a price at which a trailing stop get activated/ triggered . For example: set a 30% trailing stop activation once XYZ ( currently at $40 ) surpasses $55 a share. I am on standard TD Ameritrade website and cant figure it out.
We are unable to advise on platforms we are not familiar with and they should check with their broker. Theoretically, yes what they are asking can happen but not sure how through TD A
Neal and Shawn use the PPro8 Trading Platform. Learn more: dttw.com
In the example of "...move up of 10c the trade will trigger..." 10 c compared to the lowest point over any amount of time ? or 10c move up without any downward move.
Very good video on trailing stop. But i have a question here... with the trailing stop, does the entry and exit are a limit or market order?? Meaning that i am garanteed to get in AND GET OUT of the position when it hit the trigger price?? And does all the platform work the same as trailing stop process?? Thank you very much for the reponse??
Glad you like it! Please subscribe to see more educational content!
Different platforms offer different features! The trigger price will be a limit order and the executed order can be either a limit order or a market order!
Shawn and Neal use the PPro8 Trading Platform. Learn more: dttw.com
@Steeve / Hello. I was looking through videos about trailing stop losses. Have you been using them and if so how are you doing? Thanks.
Use the past pullback for the future trailing stop placement...love!🔥
Overall I’m up about 13-15%. However my fear that the market in general can tank hard while I’m not watching is a high concern. So... I’ve set up a percentage based trailing stop of 4% on all my stocks. I understand the high/low spread is different on every stock but can this 4% trail protect my profit from a major market disaster without an unwanted exit or should I increase the percentage? Thanks, great job.
You are doing a great job! Keep it up!
Please stay tuned to see more educational videos!
@ Henry / Hi, how are you? Are you a day trader or swing trader? I am a swing trader, and use the ATR as my guide. Have you ever tried the ATR?
Does any of the host use a trailing stop daily?
Bid, ask or last?
Which is best to use?
When i make a buy order with a stop loss set
Once the order becomes Active, do i own the stock or is the stock held in escrow until the lower limit is hit, and the order has been filled?? If i buy the stock, i want to protect myself against the immediate drop, but if the stock goes up can i cancel the limit order and own the stock ??? Once the order becomes active, can i cancel the order, hang on to the stock and set a sell limit to protect my investment????
@KATHIMORGAN is her user name for help.
"exploding money " is that a positive or a negative ??
CAN I USE TRAILING WHEN TRADING OPTIONS?
Trailing stops are not typically used in option trading, this is due to the variability in the spread as well as poor liquidity.
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I never use trailing stops! I just sit on the button! :)
Good call! It's helpful in case the trader needs to leave his seat!
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I work multiple jobs and am just learning stocks.
I use trailing stops as my favorite because I can create the order, put my phone away and get back to work as my money rides the wave
What’s your trading platform?
Shawn and Neal use the PPro8 Trading Platform. Learn more: dttw.com
Please subscribe to this channel to see more educational content!
Do you guys use Trailing Stops? If so ,how often do you guys use Trailing Stops? And when do you use them? -Thanks!
We explain in details the use of Trailing Stop Orders in this video! Every trader is different!
Please stay tuned, we post educational content everyday!
@ Brandon / How's it going? Did you ever start using trailing stops? I have been thinking about it. Thanks.
how much do you spend on fees? 1c / share or you get rebate for market-making sometimes? please explain
With the direct market access traders can rebate for the market-making!
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Set with range as soon as purchase is made
Please subscribe to this channel, more great videos are coming!
what about low floaters?
Many low floating stocks have bad liquidity, therefore using stop orders is more challenging!
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❤
I would never put a trailing stop limit order on.
% of what, your money or the stock?
Please stay tuned to see more educational videos!
If your Day-trading....you shouldn't need a trailing stop. Only if you take a trade and walk away, would you need a trailing stop. :)
Yes what if trader needs to go to washroom!
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Your explanations apply to a bullish trends.
Better explain how to use it for a dropping trends
If your video is subtitled you get more visits
Thank you for the feedback! You can choose subtitles in the settings!
Please stay tuned to see more educational videos!
You can turn on the CC which is closed captions, another word for subtitles
And say “out” more. Americans like it.
Thank you for the feedback! Please stay tuned to see more educational content!
This video makes it difficult to understand since the people explaining it has been trading for such a long time, the instructor(s) expects you to know what the answer already.
Don't know if you realize this but you indulge in a lot of trade talk. Buy backs are what companies do when they want to boost the stock price. Not sure how buy backs work with trailing stops. Breaks are what employees take. Uninformed people like me would like to know how say a 1% trailing stop functions when a stock price makes big sudden leaps in excess of 1%.
Trailing stop is an essential tool for serious traders. It is also a key technics for risk management.
How you establish your trailing stop is a petty. It is arbitrary or completely erroneous. For example, ATR, you just not take the value by itself. Used a proven technique like the Chandeler developed Charles Lebeau. For a long position, you multiply the ATR by a factor between 1.5 and 3, then subtract this value from the highest high over the last 22 bars.
The comment from the black commentator to his believe that the ATR was too volatile means that the ATR setup is inappropriate. Wilder, the creator of the ATR, is using 14 bars and Lebeau uses 22 bars. In both cases the ATR moves smoothly and never jumping up and down.
Finally, you provide no real and tangible results on both approaches.
It is sad that you are communicating such bad information to your listeners.
Yo, stop saying uhh. It seems like you are guessing.
Thank you for the recommendation, we will be getting better each day - please stay tuned!