Thinkorswim auto stop loss reddit. 90 which I moved up to 11. at the time of order placing, you could use a multiple bracket (like 1st trg +2 or 3 brackets order to define several stops or trailing stops at different levels, with each being a portion of the position. Once the bid on the option hits 19. So an example would be that right after I buy a call, TOS would automatically place an advanced sell order for me. They purposefully make price hit those stops and when they do sometimes they pull the bids below your stop to grab more liquidity. Not sure this cam actually be done. He'll come back with a sell stop to close. so e. 5 times premium loss for both put and call side (Basically, I'm setting two stop losses on each side) - For example, if I sold 0 dte SPX IC with 1. By putting a manual stop of 10. Right click "sell" Hit "edit" - That brings up the order box - Edit as you prefer. in short no. I have never used stop loss before and was interested in adding it to my trading strategy but testing it before I do. I have several bracket templates that include stop/limit orders. I've been day trading options on TOS for awhile, but have always wondered if there was a way to have TOS automatically place an advanced sell order (OCO) (for both a limit sell and stop-loss) as soon as I enter a position. Auto send. Add the template drop down to Active Trader in the settings and select the template you'd like to use. You can’t do a stop loss but you can do a pseudo stop: Lets say you sold an option for 10 points and want a stop at 20. The Schwab web site has lots of tutorials on how to use Thinkorswim. (would be a little timesaver). That's what moves markets. Here is one on creating stop orders. Welcome to FXGears. Pull up an option chart and the underlying chart so you can see both. Turn auto send off. Thanks. You simply just drag your stop order around. I'm using the desktop version of ThinkorSwim. If I put GTC EXT on both, what are your thoughts/ experiences with a stoplimit stop loss getting filled in the pre-market and adequately protecting a large loss on a position? Hello! I am having trouble figuring how/if you can move your stop orders with your mouse on thinkorswim app on desktop. Checking this box will allow you to skip order confirmation and send your order directly to the market. You can make and save a stop loss order template (or several of them with different stop trigger offsets). For example if you set this to Stop loss, every order you pull up will have the stop loss on the order ticket. Shouldn't the stop loss trigger even if the stock price falls below where I place the stop loss? My order default "stop type" is set to "STD". Position moves to 3910. This works great on single buy/sell positions. Is it possible to create a ThinkScript button for this? And better. I bought 1 share SQQQ at $12. Don't forget you can do a trail stop in place of a hard stop, if you'd like. Yes, it is a bracket order set. I only play a strategy in the lower timeframes so having a stop loss reduces my impulsive nature to get out of the trade too early or too late. It follows behind a stock movement by whatever you set it to. 00 after a 3 day losing streak for the stock, it's on sale right? And you set your stop for $0. - Set Stop order at 3. This community was founded to teach others about realistic and responsible options trading. Reverse the process if you're short. I've had cases where I tried to move a stop up and where I moved to it is now out of range and get a Ka-Dunk! Rejected order. It's all based on fear and greed. At one point the stock price down to $99, then I manually sell the stock. Review the details and then place the order. (Note. I think they mean to say after placing a buy, they want to right click on the chart at a price level to place a stop limit quickly. Thanks for that. Order type stop becomes a market order once the stop is hit. on the mobile app yea i think you hit the option then go to trade spread and then to advanced order,,,there you'll see the trigger order on top and you can add orders to the OCO beneath it, you have to go and change the OCO orders from "To Open" to "To Close" by pressing on them and changing the setting, and yes it's "1st triggers OCO" and yea one OCO is a limit where you set your profit That trailing stop sell order once opened, will set your stop 20% from the market price, but if the underlying stock (or contract if with options) rises in value, then the trailing stop will adjust, moving up concurrently and your new stop will automatically be set 20% from the new highest market price reached on upside. tell it to place a stop loss 5% down from where it is, and that stop will move up in lockstep as the stock makes new highs. e. The Silph Road is a grassroots network of trainers whose communities span the globe and hosts resources to help trainers learn about the game, find communities, and hold in-person PvP tournaments!. Does anyone know if/how it's possible to have a stop loss and a stop limit order at the same time. It will be easier to see visually. then you can manually move the stops, or replace any trailing stops (trailstops can't be dragged & dropped in TOS) with different values based on the price action & volatility. Yes, you can limit or stop at either target or stop loss. I’m using OnDemand to backtest and practice entry exits etc. You can setup your stop loss and take profit at the same time. Anyhow, I guess I have to sit and stare if that’s how it works. S. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. It has morphed into a safe haven for those that desire to learn investing free of nonsense, yolos, lottos, drama and all/any other irresponsible behavior that is inherent in most online communities. Works exactly the same on options and equities, futures, etc. 50 rather than the value of the entire spread. Just be mindful when you're coming up to those points where it may reverse. 65 it blew past it down and back up, more than the spread 3 times today and never triggered. I know ninjatrader allows it so I thought TOS may allow it as well, but After you buy it'll pop up that bubble in this graph. But I'm still looking at this right now as I find this interesting. Oct 3, 2020 · I want to be able to buy at market or at the ask and have a stop loss a certain percent below my order. firm in 2008. You can put in a stop loss but I never do. (Could folow by a dollar amount or percentage). Wanted to give a note because I have heard too many times with options folks getting unexpected fills from stops. You can make and SAVE bracket orders (OTA - one order triggers another) in ToSbuy and sell with whatever price increase you want. I think your suggestion might be part of that but there's an issue where if you have auto send on, I think it just defaults to selling at market price and if you uncheck it, you have to fill out a whole order manually which defeats the purpose. I'd like to have it set up so I can buy with the click of a button and have the stop loss attached without having to enter any values each time. trade setup. If it falls only 1%, nothing happens. Thanks again for your help. Order type stop limit becomes a limit order. Just open with your 30% on the option and the underlying chart will show your open option sell order…it is only approx on the underlying due to the option value constantly changing so I find you need to manage option stops actively in order to keep the stop at a For example, my /ES stop is typically -10, and then when my position moves +10 on the entry point I move the stop to flat. Before being acquired by Charles Schwab, TD Ameritrade was an American online broker based in Omaha, Nebraska, that grew rapidly through acquisition to become the 746th-largest U. Once the stop hits you'll get whatever the market will give you. Stop loss keeps getting triggered automatically in afterhours. Edit- but the trailing stop would need to cancel the stop loss. 50 its going to send the limit at 20. 00 with an execution limit of 9. 50 or higher. 90 will not work for me, i'm looking for a way to put the stop with the entryprice() function. 90 then i want to be out on it. A "market stop loss" is not visible, but a limit stop is, since it's just a limit buy or sell order. For example. Edit: Try and do a trailing stop loss, and see if that gets better fills for you. 00 premium: - Open 3. Setting up this example will not require any coding whatsoever. Called a TrailingStop. From my understanding, moving it with stocks is doable. 98 or lower (to be safe). Nov 6, 2020 · I am looking to create a strategy that sets stops automatically below prior High or low of candles rather than risking the traditional $ amount for loss. A trailing stop is not a limit order, it's a market order. When selling options with a stop order, on the chart I can't move it with mouse. " That should take care of it. I've been very glad I've moved up my stop loss. YT custom sell orders, theres a couple good videos explaining them with examples. hi u/Mobius_ts, thanks for replying. Learn how to set a stop loss order that works for both regular and extended trading hours on thinkorswim platform. i. I had a stop limit with the lmt at 3. For example, you by a stock at $10 and set a $2 trailing stop, that means if the stock went up to $20, your sell price would be set at $18 (following $2 behind). Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. 50 premium stop loss for call side - Open 3. 05 cents. Yes and yes. Note: we strongly recommend that you review your orders in the order confirmation dialog before sending; avoid using auto send unless you are absolutely sure it is safe. " Obviously you want to change the limit and stop prices to where you want them. my system indicated a signal at green arrow; i intended for my stop to be at the white line - low of previous candle. Jul 5, 2020 · To demonstrate how it works, we will walk through a very simple example of buying a pullback when price retraces to a moving average, with a profit target and stop loss to manage the trade. If you are trading options, don't use stops at all. If you're talking about options, your sell price couple be far lower than your stop. However I can not see where to set a default % stop loss for it so it auto fills that. ToS Level 2 is very limited and not configurable- does not show full depth and only shows best bid/offer. Set a limit order for 20 points with a conditional order on the option itself if the bid is 19. Market makers can see your stop loss orders. 50. I created a bracket order set template with a stop-loss order of -$2. Stop loss and stop limit order at the same time I'm having difficulty finding an answer to this online for thinkorswim. I added Fibonacci levels for the take profit guidance and the close of a candle for the stop loss. Last night I was holding a few contacts in the futures market and had set up a stop loss and take profit sell after getting in. Stop Loss Order on a Credit Spread I want to sell a credit spread and place an order that will buy back the spread if the price of that spread were to double, thereby limiting my loss to 100% of the premium collected. I am setting a GTC EXT limit order to sell shares and everytime I hit send, it automatically sells and seems to be trigger an immediate market order. e. I do it mainly through the app. I'm using the order tab. Limited and pretty basic hotkeys (only the ones ToS offers)- useless really. Now the stop-loss selling order is still there waiting for the condition to be met. 70 and the stop at 3. Auto send when moving stop loss on chart itself? Hey guys, I'm wondering if there is a way to have my limit orders auto send when I move them up or down on the chart? I'm also using Active Trader and can of course move them up and down with auto send box checked, but would like to also like to be able to move my trades on the chart itself Sounds like you need a OCO order when your trying to do a sell limit and loss limit. I only get Market Limit Stop and StopLimit from the drop down. Set your quantity. (This aspect probably sucks the most). I use a trigger -3% automatic stop loss on most of my trades and instead of dragging the stop loss to my initial purchase price, I would like to simply just click on a button that automatically does this. g. Must have an OCO order entered for both directions to be covered. I'm not even sure is STD is the cause of this. The position closed for a $1. Hey DT, I had the exact same issue today. If you don't know how to do it from here you're best talking with customer service and asking them to run you through it. So you’d need an advanced order OCO with a conditional order leg. I use it to buy a stock at $100. 95 and if the stock falls below 10. Now you can move it with a left click. On the mobile app it works. Then in setup, tell ToS to not reset to single order. In this case I think you can just do your stop order and a conditional order for the trailing stop to be placed upon a price trigger at your initial target. Be careful of how liquid or how wide the spreads are because, once that stop is triggered, it'll just be the next available fill. Taking partial profit on an order is a pain, especially when using a stop loss. if i have an entry on AMC at 10. Flatten is just a market order to close a position, so if your stop loss is setup as a stop-market order, dragging it close to or above the trading price should achieve the same result. 50 (eg was willing to lose $250 on the position), but TOS triggered the stop loss when the value of the short position hit $2. No, you would have to edit the stop loss and reduce it by the amount you are offloading. yet, a possible hot key? anyone knows how to put a stop order on a stock with entry price minus 0. 1. Would it be possible to set stops automatically below/above the prior candle ( signal candle Minus 1) rather than having set a $ amount in a strategy? Jun 28, 2023 · Here is a stop-loss and take-profit tool. I tried a regular limit order (TIF: DAY) too and it does the same thing. 00 with a stop loss at $11. By leaving the stop loss in place, this would be the same as creating a new order to sell to open when you don't have anything to sell. To create a stop loss, place an order with type stop or stop limit. When I set a stop loss, and the stocks price drops below, the stop loss it does not get triggered. Centered on the community around Gherkinit / Pickle Financial's Youtube channel and financial due diligence but open to all looking to learn. The stop loss triggered closing out the position then this morning the other order was still open and it filled causing even more loss. So a stop on an option is adding defined risk, to something that is already defined risk. You might take some slippage if it is moving fast during the cancel/replace sequence, but it's probably faster than clicking cancel and then clicking flatten. I understand how trailing stop losses work (that's what I'm referring to), I'm just wondering, again, if they are activated based on the highest price since purchasing the share or the highest price since setting the trailing stop loss order. Just ball park the stop and limit percentages. 5 times premium so I can exit at 2. Hey all, thanks for your answers. Change one of them to "stop. actually, i was looking to do the following: . This is done by right-clicking the chart. The stop price ratchets up with the stock price, but never goes down. Also includes visual and audio alerts and all are customizable with the menu to fit your needs. You don't have to initiate the order in the Active Trade Ladder, you can open the Order Confirmation Dialog box by hitting "sell" or "sell market" (only if auto send is off). One thing you can use is a trailing stop. Auto send - off using crosshairs cursor move to where (our roughly) you want the stop put. Then send a Sell order for 100 shares using a stop limit triggered at 10. If your trying to do a bracket quickly say while day trading this is what worked best for me. However, if the stock price goes up and I wish to adjust the s I set a stop loss at $2. I really like that these stop/limit orders appear on the chart and are easy to drag and drop to another price level. otherwise you run the risk of shorting the stock if you hit your stop loss, then it runs up to your sell limit. 96 after it filled(I sometimes use larger SL bc Ive noticed getting in with a tighter SL sometimes can get triggered within few secs after just getting filled) using the active trader ladder that I have saved templates (buy 1 share with whatever stop loss I want Stop losses are to convert unlimited risk into defined risk. On desktop. I want these stops to move automatically to flat once they hit the trigger instead of me doing it. Depending on the volume they're trying to stop and how tight they want to be on the price, traders may setup limit stop orders at several nearby price levels to account for small variations in price while filling their sell/buy. I'm new to Tos and want to know how to quickly adjust the stop price of a stop-limit order? In the pictures I attached, I'm using ToS OnDemand and I purchased 1 share of NVDA with a stop-limit order in place to cut my losses if things don't go my way. Go play with on demand. Let me know what I should add or fix and as always. For what? Additionally, say you buy a single OTM call option with a 50 strike for $1. As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. I think you answered my question, but I'm not sure if you understood it. 50 premium stop loss for put side For some reason TOS is not giving me the option using a trailing stop loss. I would look into using active trader oco templates. If you don't want to cancel your stop loss first then the only other way is to create a One Closes Other order as a take profit WITH (at the same time) as your stop loss. Just a reminder that stop losses are stop market orders. Click on your position - Close position - Change order type to stop or stop limit - Set price - Send. A place to focus on learning and discussing the stock market (as well as some quality shit-posting and meme'ing opportunities). The best way around this for QUICK trading is to trade in multiple lots in active trader. 55 debit when the short was threatened rather than when my breakeven was broached. If you're long, scroll down the ladder below the trade price and place a sell order at the desired level. But I am not canceling one. ) I primary use the active trader ladder / hot keys to enter and exit positions. Trailing take profit (or trailing stop loss), activated only when SQ goes up 3%, with a trailing offset of -1% Stop loss at -3% of market price at buy Basically what this would do, is if after I buy, the stock price can fall up to 3% before my stop loss is activated and sells. The stop loss sells off the full position The take-profit sells half the position if hit and moves the stop loss on the rest of the position to my original entry price Is it possible to script complicated custom order types like this? Reddit's #1 spot for Pokémon GO™ discoveries and research. I don’t really know how or place stops through desktop. I think it’s sell custom with stop. Does anyone have suggestions as to how to do it? For example: Enter at 3900 with stop at 3890. Hit "confirm" and "send. sfkytee qeamx zsuw drmf hzrloc wczfmo wtevl qflv lygp uomad