Thinkorswim multiple profit orders reddit

Thinkorswim multiple profit orders reddit. 75R, and 4R. Once you click, it opens to the Order Rules window. Put multiple take profit orders. I really need the orders to auto-send with one click. thinkorswim® is owned by TD Ameritrade, which has recently been acquired by Charles Schwab. Say I'm trading a single stock and want to set an OCO at +/- 2% of my entry price. Hi all. This is perfect for scaling For example, first buy 100 shares of stock. 37 with the yellow triangles is your entry. How would I do that? I’m trying to trade using a single stop loss and three take profit orders set at 1R, 2. When I have, say, 4 charts up on a single monitor, they're too small to really get the detail I want at a glance. Basically, I created a conditional buy order where I manually input the conditions to all trades, and they executed properly. Select "OCO. Good luck if I'm trying to scalp with market orders 😂 Hi everyone. If I sell an Iron Condor for a credit of 3. You can do a multiple bracket order. 48 to place a limit order -100 shares. Say you buy 100 options and then sell them for $100 profit. g. You want an order with 3 brackets, or two, or whatever will work. It’s just gonna close one at a stop while the other at a profit right? Being a straddle…. There is an absolute "No Troll" policy - this is a place where traders can learn and help each other. Out of all of the orders that I have placed in the past 2 hours, only one has been filled and it took an exceedingly long time for that to happen. 00. They can be separate orders or joined together as OCO. This is a community for requesting new features, helping others, and asking questions about TradingView. It would make sense for partial fill, but filled at the limit order. I have a strong grasp of the basic strategy, but currently don't do any real te hot keys by definition are manual, if you want "auto" then you might look into bots compatible with ToS like ninjatrader. I don’t think what you want to do is possible. If price rises to [entry price +1%], the stop loss is cancelled and replaced with a -1% trailing stop at current market price. Buy/sell LMT + Adjustable STP (1R) + Profit Taker LMT (4R). I am just starting to explore this functionality, apologies for the new-user question. Once I click buy, the sell limit & stop loss are visible on both the chart and active trader windows. the stock pushed up way beyond the limit order and the bid premium was about 15. I've been trading using the PMCC (Poor mans covered call) strategy for a few months and have had pretty decent results. I had a challenging time figuring out some good parameters for the Think Or Swim (TOS) options hacker. TOS is free so we get what we get and work around it, i 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. Any suggestion would be really appreciated, thank you! 1st triggers OCO order. The STOP is where it triggers, and the LIMIT should be the most you're willing to lose. 50 so I click in the AT Ask cell for 10. To get the immediate part, that’s a IOC order. So just to clarify, your position is open in this scenario and you are trying to move the remaining profit-taking limit order and stop loss legs in tandem, or individually, but both in AT and on chart you are unable to "grab them" by the bracket for that purpose along the side of either gadget? Is there a way to put in a stock order for 100 shares of xyz at a limit price and on the same order sell a call option on the same stock with a limit order that would only be executed if both limits were met? Example I want to buy 100 shares of xyz for $50 or less and also sell a call option on xyz for $5 or more. In ToS the order confirmation dialog shows this as expected for SPY, but for /ES the max profit shown is 50% of the credit received. Same thing with a STOP LIMIT order. Trying to figure out how to add 20% take profit as well to OCO advanced order template. You can also do OCO order which will also set a stop loss and take profit and cancels the other once one is filled. I buy, say 100 shares at $10, then I set a stop order at 9. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. I have an existing position of 66 shares. 5% loss) second OCO - Limit - sell balance all @ 22. Sep 7, 2022 · You can try and change the options to ‘sell at ask’ or ‘sell at bid’, which may be better for you, but the orders won’t fill as quickly. " Change one of them to "stop. Free level II data too from thinkorswin. Look into bracketed orders, or OCO. Need a little help with creating a custom order for the first time. Two notes: Eg say you’re buying, market is currently offering $5. Yet the transaction page shown 95$ for that 100 shares. 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. Click on the Advanced Order button and load each choice so you can see what they really mean. Instead, I'd like to say "Whatever the purchase cost, I want to sell at 50% profit. Ie orders 2 and 3 will only trigger after 1 and 2 is triggered ? This is what I am trying to do Position A, 100 shares @ Trade price $ 20 first OCO - Limit - sell 50% @ 21 (5% profit); stop all @ $20. Im not using the active trader the way it probably should be used but if you are looking at your option in the chart, then it shows your number of open contracts. Trying to figure out if this is possible to set up to execute when I’m not able to be in front of my computer. I trade using TOS desktop using the active trader, and it has the ability to automatically place take-profit orders and/or stop loss orders when you place your original buy order. Gonna check with tech support, but wanted to check here first to see if anyone has run into this. If you're a newer user to TOS, and you want a place to start from, here is a scanner that I setup finally with a lot of cross-referencing users here on r/options as well as online scanners. Hit "edit. I’ve been using bracket orders to do this, but can’t seem to find a way to have a single stop loss attached to all three orders instead three stop losses. Once Price hits 2R, ADJ STP will move to close to 2R with trailing X% STP order, pegged to the price. You can buy in with limit orders or stop limit orders like normal by clicking on the left or right side of the price. If you had used a limit order 3315 to open, you would have bought at 3310 since it is below your limit. I have a gtc sell stop in place. Ex. My end goal would be to send out an entire chunk of custom orders based on certain indicator, that can execute subsequent stop loss / profit taking on its own I use both and Fidelity actually has one sneaky dope feature that I don't think many people know about. a basket of indexes and when the point of a percentage of the portfolio is in loss (to close everything ) or - take profit. Next create another order and under Advanced Order select 1st trgs Seq - this will be our scaling order. Use something with decent volume (narrow bid/ask) and set a limit much higher than the ask. I also use it for stocks screener to see top 10 stocks that move. Take profit 120. Let us add Bollinger Bands® Long Entry and Short Entry strategies to the E-mini S&P 500 Charles Schwab shown cost basis as 94. Choose "create duplicate order. It puts a bracket in with your exact profit target (limit) and stop loss (or trailing stop) set the instant your order fills. I want to create a stop loss but also a take profit limit order for my existing option position, and to do this it is usually just an OCO bracket order, but when I right-click the usual "with OCO bracket" option isn't listed like how it is for a regular stock. I'm wondering if you might share your analysis strategies for analyzing and buying LEAPS. Also, has anyone done multiple chain OCO orders, like if X, else Y, but within X, I have another bunch of conditions. Mar 8, 2024 · I am trying to find a way to set 2 separate OCO brackets of 33 shares each in which they both have the same stop price, but different take-profit prices. I agree with others about reading order flow strictly using L2. I'm referring to the 'Net Premium' amount in the options statistics tab, which adds up calls bought on ask and subtracts calls sold on bid, giving you the true net bullish premium paid, which really tells you where the money is flowing. ToS wil break up your 20sh long order into (2)10sh orders, one to close the 10sh short, and one to open 10sh long. The photo below shows my full setup, but I wont be explaining any indicators as this post is mostly abo 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. The max profit when selling a spread is the credit received. However users have reported that using sell at bid can take 10 seconds to fill sometimes and because the price is moving against you those 10 seconds can prove to be extremely costly so that is why they use flatten or market order, but this also OCO, or, One-Cancels-Other (sometimes called bracket) orders are exactly what you’re looking for. Stop to sell at loss target. But it’s not convenient if you need to act quickly. Like if you bought 100 shares, you could have a stop loss, or a sell order to sell 50 @ 3% and 50 @ 5% I want to be able to set up an order that: Lets me enter at market price in one click Automatically sets up a OCO/take profit bracket that I can adjust 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 I’m aware about OCO and TRG w/multiple brackets. This cost me about about $1000 before I could change the order. The order executes immediately or is Thinkorswim is the most advanced in executing orders. 90 and some at 95. Fills were fine, I scalped successfully with it, but I still haven’t compared it to anything else. They can be set up as order templates that go in with the original order, of done after the fact. You can also set orders for multiple stops / sells. Share Add a Comment ex. Huh? This community was founded to teach others about realistic and responsible options trading. You can set it for example that once you hit buy, it puts a stop loss at what you specify. A limit order tells the broker you only want to pay a specific price, a market order tells them to fill you at any price possible. Members Online Trying to place an order with a take profit and stop loss I have a stock. You need to be able to back out of positions right away when they’re not going in your favor, this is because day traders usually try to predict the direction before it switches in order to maximize profit. I'm new to Think or Swim and I'm doing a lot of practicing in the On Demand feature. In today’s video we’ll be Aug 19, 2024 · The Unofficial Subreddit for thinkorswim an American brokerage that offers live and online investor education services. I am using TOS. For example, as a quick in and out scalper trader, I have had trades where I put the Buy order in, it didn't register, I hit the sell order, my screen still showed it as open, and then all of the sudden the whole thing somehow goes through, and voila, my correct profit or loss is shown. First, create your stop loss like normal and save/submit - easy. Single order across multiple accounts on ToS Mobile How do I send the same order through several accounts simultaneously through ToS mobile? I am able to do this on the desktop app, I was curious if there was a way to do it on mobile as well. " In TOS Desktop, there is a feature for this: Buy/Sell with defined Buy and profit% based Sell. In thinkorswim, first set up your trail stop order, change the TR price to + -, step, or percentage (if percentage, make sure it's negative eg. You just paid $65 to buy the options, and then $65 to sell options. You can create up to 3 OCO orders and set each execution. I am trying to find a way to set 2 separate OCO brackets of 33 shares each in which they both have the same stop price, but different take-profit prices. I have other brokerages too, and they all put the bid/ask size on the confirmation page, but in a different format. Let's see how it works in practice. It's daunting at first (especially coming from Robinhood which is about as basic as it gets) but once you get a few of the basics down it all comes together REALLY fast. I could go with a big tv as my main monitor and have the TOS console showing 4 charts, or maybe 4 monitors, one with TOS and three with charts from Yeah I've taken a look at that thread. Now I am trying to add a Sell stop above my purchase price as a Sell / Limit GTC to grab profit - and it keeps getting rejected. These will allow you to set up multiple orders in advance, orders that trigger other orders, or set parameters to include both a profit target and stop loss. Theres value in seeing that on Level2 like the old system I described I want to set a limit order to close half the position at a 20% profit while keeping my stop loss intact. S. This is essentially a, "1st triggers 2 OCO" order, but after the 1st order has already triggered. So your P&L shows 100 in the green. I'm using STOP LIMIT order with OCO for taking profit and cutting losses on my trades. The order gets rejected because it says I'll be oversold. Lol, it adds some extra excitement to the whole process That will bring up the Order Confirmation Dialog box. I am wondering if anyone has been having problems with their orders not going in the active trader. The report takes into account all Buy and Sell signals suggested by the strategy and estimates the Profit/Loss value. TOS doesn't like MOC orders as part of OCO groups. I was wondering if you can pre-set up multiple different orders (stocks/options) to buy/sell at the same time instead of making individual orders? I am not talking spreads since these would be different stocks. Not good when you are sending multiple orders and getting partial fills on a fast moving stock. Trying to figure out how to create option sell order take profit 20% using thinkorswim order entry tools. If I create multiple stop loss orders to sell all my shares to facilitate creating multiple TP orders, won't I be charged the $6. This is a community, full of seasoned investors and newbies, focusing around the idea that investing is not as scary as some people make it. Stop loss + take profit orders mobile 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. I have to cancel the stop order to set the limit order. Immediate or Cancel. It lets you see how many orders in queue. Traders with big order can see if they have the whole order fill at once with a single price. 1st Triggers 2 OCO: The first order in the Order Entry screen triggers two OCO orders. For example, I currently hold 10sh short, and I wish to reverse to be 10sh long by placing a limit order for 20sh long. However, I'd also like to set a MOC order so that my position closes at the end of the day no matter what the price is (but by definition it would be within the +/- 2% range since the OCO didn't execute. I'm wondering would it be possible to: Input 3 OCO orders, if either one filled, automatically cancel the remaining two OCO orders Input 5 OCO orders, if two of them filled, automatically cancel the remaining three OCO orders Taking partial profit on an order is a pain, especially when using a stop loss. Is there a way to set 2 take profit limit orders while having a stop loss in a oco bracket? I would like to have to take profit limit orders set, and if my stop loss hits Id like for it to cancel the other orders. I’m looking to place a buy order, that sells for a profit OCO buys more at a lower price, which would trigger a sell everything for a profit OCO stop loss. Limit to sell at profit target. The message is I am either overbought or oversold in my account with this order (NO!!) - and Please check your position quantity or open positions. I hope its at least helpful to one of you. So, limit to open. There are so many to choose from. Is there a way to send as a single order: 3 different limit opening orders 1 single stop level to close all positions 3 different take profit levels Yes you can. (This aspect probably sucks the most). " Further, successful day trading long term can easily take 10 or more trades a day. smoother Time In Force options, and no issue executing in premarket at 9:29 AM like with Fidelity. Yes you can. Details: For the scaling order, remember that 1st trgs Seq is meant to trigger each order in sequence only if the preceding order has gone through. If stock goes down, my profit trigger moves down to 115 for every dollar the stock moves. There needs to be a way to even have a global closeout - even if multiple charts are being used eg. Can somebody advice on (1) how one can have a few buy/sell orders created in advance in TOS (say just for simple buying/selling stocks) or (2) how can one have two order confirmation windows be open simultaneously (say, two buy orders for two stocks or buy and sell for the same stock)? Mar 19, 2022 · I know that you can send split orders with multiple accounts using the order confirmation window, but that's way too slow and cumbersome for me. This community is devoted to the teaching of strategies and resources to help traders become consistently profitable. If I miss the limit order and try to cancel and go for another limit order it's too late. Example: buy 100 shares of AAA @100. I assume the web version did a well, but over never looked. Very concerning This happened multiple times, I had to call their representative and said they have to put in special requests to get it fix. I switched to DAS, but I’ve been busy trading futures on another platform so I haven’t used it yet. 95 OTC fee three times? We would like to show you a description here but the site won’t allow us. I'm using a study based conditional order in paper trading to test a strategy, and having a lot of inconsistent fills. Makes ZERO sense. The thinkorswim software is excellent but can experience delays, especially over the public internet. " Click on the grid at the far right side of that box--you have to have the cursor on that line for the grid to appear. Is there any way to do this? If the stop gets hit, the "take profit" order is cancelled, and if your "take profit" order is hit first, the stop is cancelled. When the order is filled, it triggers an OCO for your profit stop and stop-loss. this happened yesterday. 10. I basically just want to execute an options CALL that buys at market, then sets 1st take profit at 15%, 2nd take profit at 20%, and a sell limit stop loss at -10%. I have lost too much money on a 0dte on limit orders. Figured this was a worthy companion to u/c5dm recent post on creating bracket/OCO orders. You can setup ToS to trade options faster using the Active Trader sidebar and the Linking capabilities of ToS. What I need for the start is the ThinkScript code/syntax for the OCO sell order in my case. But you only made $100 worth of profit. I place a Stop buy order at $1. Example: The stock is at $1. Set the first limit order as a sell price, make sure it's set TIF as GTC (time in force as 'good till close'). Dec 1, 2023 · However, I'd like to automate OCO definition in ThinkScript, as most of the days I have multiple stocks opened. So, let's say I create a bracketed order with a buy that triggers a OCO sell limit & stop loss. For example, I bought 100 shares at $100, and put a stop loss at $98 and want to put take profit orders: 20 shares at $105, 40 shares at $110 and 40 shares at $120. However, when you are trading a 0dte option on a spike you need to sell on a market order into the the spike because it moves too fast. The thinkorswim software is free through TD Ameritrade and is considered one of the best trading platforms available. Yes. To add a 1st Triggers OCO order in Active Trader, repeat all steps from Entering a First Triggers (above), but keep both orders from Step 2 enabled. Is there any way to place order with stop and then take partial profit without cancelling “stop order”? Seems like if stock is ETB, TOS allowed you to take partials while keeping stops (but have to adjust number shares later in stop order). For example, first buy 200 shares of stock. We would like to show you a description here but the site won’t allow us. I'm trying to place a Stop buy order with OCO brackets where once the Stop order is filled then my OCO brackets generate a Stop sell order for stoploss and a Stop or Limit order for the exit. Why I can't do it? Add scripts for indicators (and maybe for buying/selling, so that you can immediately implement points 1 and 2). Having a hard time getting used to TOS platform. Now, I can't create another limit sell order for my Take Profit level 2 because my first order has the shares already in the first order. 5% and my second profit target at 3%. Setting of the OCOs for multiple opened position before every new trading day becomes tedious routine that I'd like to automate. 0dte options are best to be sold as a market order. But if one of my limit orders hit, I want my stop loss to still work until my second take profit hits. TOS Pre market not getting orders filled Hi, I have the pre market turned on with Gtc_Ext and have been placing limit orders above the bid price (premarket on TOS is limit orders only), yet my orders are Not getting filled. 5%, my first profit target at 1. NVDA 200c 10/1 - $200c I want to take profits at 50% Take no more than a 10% loss So I: Set a sell limit at $300 Then OCO with: The . TD Ameritrade also has better order options such as ability to specify display size if you route to NADQ, conditional orders. It’s a touch steep for the subscription, but I personally like seeing the order book beyond what most L2 shows you (albeit incomplete per my prev comment RE: ARCA … and don’t get me started on off-exchange execution). If you set a buy limit order for $6, you will get a fill at $5. 50? With individual stock, the OCO order is very good at this. When you go to place an order, look for a drop down menu that shows “single”, change to OCO, then right click on your first order and click “create duplicate order. I wouldn't advisor market orders on your real account, but to trouble shoot this, you could try it. (i. Our founders and team read every post, so please be respectful and let's have constructive conversations. But this confuses me because when I submit the order, I get a very confusing Order #2: Submit Confirmation Screen. Or what is the strategy behind not closing stop or limit as a strategy when it is a straddle? Maybe context could help but otherwise try submitting two separate conditional orders targeting each leg with an OCO with the trigger being your undefined 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. ” Then change it to your liking Wondering if anyone else has this anxiety: when I set up an order and press the Confirm and Send button, the Order Confirmation Dialog pops up in the lower right side of the window with the Send button positioned precisely under where my mouse just clicked. Doesn't seem to make a difference whether or not it's a market or a limit order. Also, during periods of broader market movement, the market data can be delayed; typically, order routing stays stable (opening spin is always a challenge) most of the time, though messaging is through a common bus, so getting the fill notifications can be delayed. Once you have added all the desirable pre-defined or newly created strategies, you can backtest their performance using a feature called Strategy Report. It tells you everything if you can get good at reading it. You can also try to change the order editor to a "Marker" order, just to see if the software is working properly. 75 for -100 shares. Personally, i NEVER have a trade on without an instant stop in place. But your account value goes down bc you took a $30 loss overall - Create trailstop order at -5% of last - Create a limit order to sell 1/2 the shares at +5% of buy price or better (Take profit #1) - Create a limit order to sell the other 1/2 the shares at +10% of buy price or better ( Take profit #2) Any help appreciated A place to focus primarily on all things related to Charles Schwab. Buy a Call/put/Stock with no stoploss but a moving profit trigger when the Call/put/Stock goes down ?. -10%), then change the order to GTC so it doesn't expire that day, then scroll right to the little gear icon and click it. " At the far left look for a box that says Advanced Order. I'm okay with having to reset my stop loss after my TP gets hit if it's an OCO order, but I'm not okay with having an open trade without a stop loss for an extended period of time. It may be used as the triggered order in a First Triggers so that when the first order fills, both OCO orders become working; when either of the latter is filled, the other is canceled. Search for thinkorswim beginner and thinkorswim training videos or thinkorswim beginner tips on YouTube. If it gets to 3315 you are confident it will keep going higher, so you enter a stop order to open at 3315. E. e. 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. The trigger order will put a stop and take profit. And yes, the trigger order sets exactly what you want. (10% profit); stop all @ 20 Specifically, I'd like to create a template that when I click buy, it creates a sell limit order at +2% of entry price (my take-profit point), and a stop loss at -1%. It hasn't filled any of my other options orders and absolutly none of my Forex orders. I placed a stop limit that sat in my working tab and did not execute. The mobile app does a well, but I rarely trade from it. ThinkorSwim Orders not going through PaperTrading? Hey guys, I am a beginner daytrader trying to get my feet wet by daytrading on papermoney and its been okay. 00 and a take profit closing order of 1. It will be about 7 orders. Because it’s two separate orders, I am not able to move both stop orders simultaneously on the chart. Sounds like what you want - The first order in the Order Entry screen triggers two OCO orders. ) i had a limit sell order on an options contract at 15. For example, first buy 100 shares of stock. Buy 10 XYZ @ Market - 1A. there are ways to close all positions within thinkorswim but other than that you'll need to manually select the stock or use limit orders to execute orders. I did discover you can setup under the monitor multiple categories for different plays (such as to measure specific strategies) and at the top when selecting the account (next to time) you can select this BEFORE entering a trade. Backtesting with Multiple Concurrent Orders Is there a way for me to backtest a strategy with multiple concurrent orders, that do not all exit upon the exit condition of the first order being met? I know that you can have multiple entries using Global Strategy Settings, but it seems like it does not allow for individual exits. I’m trying to create a 2 bracket conditional order that will set my stop loss at 1. Yes! I was wanting to get this coded. I of course then tried to make it back which made things worse. 00, what is the best way to set up a stop loss order of 6. I watch the stock and say it's up to 10. Open the Active Trader tab and review the Template drop-down. I currently have the -15% trailing stop set up for my auto call or put sell orders. ) 1 - 6/4c at $20 on abc 5 - 6/11p at $35 on xyz Then just hit send to place order. Example, it is at 3310. This point, the ONLY thing I might move is Profit taker LMT order, in case I am seeing bigger potential or reversal. They can be set up as brackets, if you're multi-lotting. . The stop loss triggered closing out the position then this morning the other order was still open and it filled causing even more loss. Then trigger a “bracket” order to sell your shares in two 100-share OCO orders. You can save the order with the percentages. Just wondering how you guys go about watching multiple charts at the same time. i then had to cancel the order and sell the market which then moved up and down for about 10 seconds then got filled at a terrible price. Go try it out on Monday. On your active trader, click the drop down box where it likely says, “single order”. 30 and it never filled. For instance, throw on a limit order far away from market, whole thing locks up for 3-5sec. How do I set a bracket order on active trader in the folding scenario. 5 (2. Anything similar for multi-legged options? Like for example, is there anyway I can have a stop loss 6% down, then have a take profit order at 6% up selling half my shares and have another take profit order at 10% up selling the other half. firm in 2008. I also can't flatten the order. I use active trader every single day. It's weird the issue with performance only happens when putting an order on. fqotbvcr bngtpwzw tywlhaia odufnx tsptt gljkfw tnbudh tehzo bcok unyz

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