Thinkorswim default stop type reddit I just asked my colleague and the only way to have TIF defaulted is through the active trader tab in charts. 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. For example: I would like to add a buy@limit and sell@stop hot key. Active trader seems to put up almost random stops and targets in my bracket orders. 50 Limit TRG by #1 OCO To Close, Sell X @ . Just like adding Buy Bid or Sell Ask there’s one for TIF. 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. 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. 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. 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. It was built for options traders, professional and retail, way before it was bought by TDA in the first place. I want my own default that is there every time 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. For example if you set this to Stop loss, every order you pull up will have the stop loss on the order ticket. Need assistance creating orders on TOS mobile. Unless you really know what you are doing, I would stick with just using the STOP and TRAILINGSTOP options. If you go to Setup > Application Settings > Order Defaults, you can set the default order type you want for all regular orders (will not apply to auto sends in active trader tab or short cut key orders however). Market order triggers TP and SL of 15% on every trade. 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. 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 used to be a standalone broker with an institutional platform called Thinkpipes. You can modify the buttons shown in active trader. Setup:. Stop losses are to convert unlimited risk into defined risk. The mark could be . A limit order does not have a stop price. Or you cancel the stop loss and hit Sell Market. Sell X @ 1. I created a custom Template in ActiveTrader, but every time I make an order (e. Some are disabled by default. But i mainly use ToS mobile to execute my trades as i find it easier. I would like it to default to a specific stop and target. When I set a stop loss, and the stocks price drops below, the stop loss it does not get triggered. My limit sell on the positive side, I set high enough that if I manage to get in a runner, it gives me time to click and drag the limit order where I want or delete it all together, leaving only stop loss still active. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. 9 but the last traded price could be . Like $2 stop and $2 target. g. Mark = stop activates when the mark price ( (bid+ask)/2) reaches the stop price. 80. thinkorswim® is owned by TD Ameritrade, which has recently been acquired by Charles Schwab. 9. 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. If the stop gets hit, the "take profit" order is cancelled, and if your "take profit" order is hit first, the stop is cancelled. I dabble in all four and thinkorswim does fine and probably the best across multiple trading styles. 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. With mark it's just the same but using the mark = . I'm not even sure is STD is the cause of this. ⬆️This is what I do. click on 'Buy MKT'), the trade template resets to 'Single' so I have to keep clicking on the Template button and selecting my custom Template every time I want to make a trade. 7 or something. STD = stop activates when there is a trade at the stop price. . The developers have quite a few things they are working on for TOS updates. I was wondering if TOS has the ability to save an order template. The Unofficial Subreddit for thinkorswim an American brokerage that offers live and online investor education services. I have a default TRG Bracket that I saved that places my stop loss as soon as the shares are acquired. 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. Is there a way to change this so that EVERY order is a limit order? Yes. I did look at [setup]-[application setting]-[order] but it doesnt seem to have TIF updates. 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. thinkorswim® is owned by TD Ameritrade, which has recently… Order confirmation box should say "Buy X @ 1. 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. all hot keys are defined or definable in the Platform Setup tab. (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. 10 Stop to Open. Both are accepted only for stocks that trade on NASDAQ, NYSE, and AMEX. You can invoke up to 3 OCO's off of one trigger, sweet if you're multi-lotting. I am trying to see if anyone has experience using the hotkey feature in ToS. It's what pricing metric do you want the stop to use. Id like to add a line above the Volatility Stop that is 7% greater than the volatility stop itself. 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". 95 or say . 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. Just a little bit of trivia for you. 49K subscribers in the thinkorswim community. Hey all sorry if this was asked. You can continue to alter your risk reward with more complicated strategies and trade types. 90 Stop TRG by #1 OCO To Close. When the last trade is . The unofficial subreddit for thinkorswim®. Stop prices apply to a stop order or stoplimit order. 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. 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. 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. 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. So a stop on an option is adding defined risk, to something that is already defined risk. When I change to a different stock it often just puts up something random. The thinkorswim software is free through TD Ameritrade and is considered one of the best trading platforms available. They were the exact same underlying software. 9 then the stop will process. You can also set orders for multiple stops / sells. What i want is for 1st triggers OCO to be my default order type. The difference between thinkpipes and thinkorswim was trivial. 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. Or, you can cancel the stop loss and enter the sell from active trader the way you tried before. You buy at $1 with a stop using std @ . Access the changes with the little gear icon. aidtnzubo pazdgp tohx pwcy sog sgg hxkykuj iig cgqqvu cjqexvts