Thinkorswim default stop type reddit. Some are disabled by default.


  • Thinkorswim default stop type reddit That's where you set how big you want your limit target for profit and your stop loss. You can also change the stop type from STOP or TRAILSTOP. 90 Stop TRG by #1 OCO To Close. For example: I would like to add a buy@limit and sell@stop hot key. Under active trader I can set a TRG w/ bracket with a trailing stop, but I can only choose share quantity from here. Stop losses are to convert unlimited risk into defined risk. The unofficial subreddit for thinkorswim®. In other words, if I purchased at 100 a year ago, it at some point was at 150, and is now at 120, and then I set a trailing stop loss at 5%, it will It is respecting the increment change but no matter what I put into "Default quantity of order", it's always default to 100. So a stop on an option is adding defined risk, to something that is already defined risk. I’d like to have default OCO orders so I can place fast trades with pre determined stops and profit… Now that you're already in that trade, you click on Monitor right click the stock symbol and select "create closing order" select the order type from the menu and the stock will sell that way. Great answer. Is there a default qty of shares or something I'm missing? Am I missing something? I've even tried to close the thinkorswim and reopen after the settings just to make sure there was nothing cached. You can invoke up to 3 OCO's off of one trigger, sweet if you're multi-lotting. And sometimes there are a lot of stop losses behind it; and the stock can Id like to add a line above the Volatility Stop that is 7% greater than the volatility stop itself. You will see there's a little toggle button to the right of the "TRG" and you can select a dollar amount (+/-), a percent (%), or pips/ticks (the little stairs icon). I just asked my colleague and the only way to have TIF defaulted is through the active trader tab in charts. Some are disabled by default. Need assistance creating orders on TOS mobile. all hot keys are defined or definable in the Platform Setup tab. Trailing stop is calculated using a certain price type, which you specify in the Order Rules dialog (STOP Linked To drop-down list). thinkorswim® is owned by TD Ameritrade, which has recently… You can also have a OCO order to where when you buy, it'll automatically trigger the 5% stop, but also trigger a 5% (or whatever you choose) limit sell. From there in the trade bar you can set your STOP to a specific $ amount, change the Order from STOP to TRAILINGSTOP and choose a specific $ or %, or use one of the other options. What I don't know how to do is to set TOS so that each time I enter a trade (futures order), it automatically uses a specific template, with me having to select a template each time. What I am trying to accomplish is to simply add more buy/sell hotkeys in the active trader section under setup>application settings>hotkeys>activetrader. But i mainly use ToS mobile to execute my trades as i find it easier. Of a zone. The Chinese Trade War, the Missile Attack and now the Coronavirus has put most of the standards of trade practices out the window. (You can change the default order type to "Stop" in the App settings if desired) My friend explained that the stop loss activates not based on being 7% below the highest price since I set the stop loss but is instead based on the highest price since I bought the shares. When I open new charts, can I have global settings or default settings that every chart that I open includes, like volume overlay, 10 bars to the… Most option plays other than short calls are defined risk by default. If the stop gets hit, the "take profit" order is cancelled, and if your "take profit" order is hit first, the stop is cancelled. Just like adding Buy Bid or Sell Ask there’s one for TIF. setting default order entry template setting in TOS I have several templates made out that include various stops and some with oco for profit targets. For what? TOS Application (title bar) Setup >> Application Settings >> Order Defaults >> Options >> Default quantity of orders >> set to 1 or whatever Reply reply Top 3% Rank by size The best platform also depends on how you trade - long, swing, day, scalp. You can modify the buttons shown in active trader. The thinkorswim software is free through TD Ameritrade and is considered one of the best trading platforms available. The Unofficial Subreddit for thinkorswim an American brokerage that offers live and online investor education services. Whenever I Nov 20, 2019 · Using Think Or Swim, is there a way to create a Buy Order for a stock with a stop and simultaneously create a sell order with a stop loss that only gets triggered if the stock is purchased? I'm trying to do so with using Buy Custom-->Stop but I keep getting an error that I can't borrow the stock. thinkorswim® is owned by TD Ameritrade, which has recently been acquired by Charles Schwab. Hey all sorry if this was asked. I want my own default that is there every time 49K subscribers in the thinkorswim community. Dec 12, 2024 · I know that if I choose, I can press simple and I can have different trading options such as a stop and limit order. Order confirmation box should say "Buy X @ 1. This is the code for the volatility stop that I use: # Volatility-Based Trailing Stop In the active trader tab, the default order settings when trading on the DOM is a limit/stop order, where a limit buy is anything at the offer or below, and a stop is anything above the offer. Sell X @ 1. I know that I can Once the stop (activation) price is reached, the trailing order becomes a market order, or the trailing stop limit order becomes a limit order. I would like to have this preset with a total purchase price (not number of shares), and with a set percent trailing stop. Setup: no worries. You can click on the gear icon in active trader and add TIF to the displayed list so that the default can be changed for each individual session. I've been studying the behaviour of the SPX for the last 8 month. I was wondering if TOS has the ability to save an order template. 10 Stop to Open. As others have posted, thinkorswim can experience some lagging (i feel it is better now than 2019/2020), but if you are a scalper another platform may be better. I don't really see how you expect to set a stop limit / stop loss at a specific price instantly with a key given that specific price is arbitrary. Is there a way to change this so that EVERY order is a limit order? I am trying to see if anyone has experience using the hotkey feature in ToS. This is for equities, not options. What i want is for 1st triggers OCO to be my default order type. Depending on your analysis And location of the trade, your analysis is either wrong or market is stop-loss hunting, full stop on 2 lots; or your idea was correct, 1st lot gets you risk neutral and you have a free trade. 50 Limit TRG by #1 OCO To Close, Sell X @ . Market order triggers TP and SL of 15% on every trade. I would like to be able to type the name of a stock in on this template and market buy/sell. My stops are based on a breakthrough. Active trader seems to put up almost random stops and targets in my bracket orders. You can also set orders for multiple stops / sells. Stop loss at $90, trailing stop of 1% begins at 101. I would like it to default to a specific stop and target. Is there a single place that documents all the order types that TOS has and all the downstream/market related details we need to understand to be effective at trading with that order type? Was trying to use trailing stop limit and the UI is confusing (or maybe I am just confused). They can be whatever values you want. You can choose any of the following options: - LAST. Or you cancel the stop loss and hit Sell Market. When I change to a different stock it often just puts up something random. . Both are accepted only for stocks that trade on NASDAQ, NYSE, and AMEX. In TOS, how do we change order default setting for Time in force from Day to GTC+EXT? It's CPI day, and during pre market trading, i had to change it to GTC+EXT. I did look at [setup]-[application setting]-[order] but it doesnt seem to have TIF updates. You can continue to alter your risk reward with more complicated strategies and trade types. I am getting a much better understanding of Options trading. Or, you can cancel the stop loss and enter the sell from active trader the way you tried before. Oct 24, 2024 · As in, buy at $100 just to use a round number. Unless you really know what you are doing, I would stick with just using the STOP and TRAILINGSTOP options. I dabble in all four and thinkorswim does fine and probably the best across multiple trading styles. The developers have quite a few things they are working on for TOS updates. Like $2 stop and $2 target. Access the changes with the little gear icon. usw ciwi vvbq hse czw zdwn jazqww uxit aiqe hrne