Creating Trailing Stop Orders on thinkorswim® desktop

[@finiteloops8610]

This is the third thinkorswim trailing stop video I've tried, and it's easily the best!

[@TomTomMTG]

Good walkthrough, appreciate it!

[@CharlesSchwab]

No problem! ^CH

[@jax100]

Very helpful, thank you

[@eversunnyguy]

Nice demo. Thanks.

[@timetorelaxfocus9642]

Nice explanation, thanks! (I am favoring the percentage so it scales per type of stock size). I have to test this stuff in the simulator.

[@makyousafzai]

Thank you

[@TheMarianaMontes]

Hello, hank you very much for this amazing video!!! I understood a lot.. I have a question.. In the mobile app for ISO Where can´t see TrailStopLimit ? I can´t see it, why?¡ can you please help me to configurate, in orden to see it. thank you very much,.

[@charlescharles3693]

Great content. I assume these stops work the same for options trading. In fact, I would love to see a trailing stop & trailing stop limit order demo for vertical credit spread orders.

[@CharlesSchwab]

Here's a great webcast that discusses that exact topic: kzbin.infohBCcE8iszeA?si=4-Xi_bhsm3y3wiN3 ^BW

[@paulhuang4817]

What is the little staircase option? When you were changing from dollar to %.

[@CharlesSchwab]

It changes the order to ticks, which is more commonly used in futures trading. On our Trader Talk KZbin channel we offer live webcasts where you can ask questions and have the presenter respond to questions like this, real time. You might want to the "Exploring thinkorswim" webcast taught each Tuesday at 3:00pm ET. Here is a link to our webcast calendar: www.schwab.com/schwab-coaching Here is a link to our Trader Talk KZbin page: www.youtube.com/@tradertalkswebcasts Check them out. ^BC

[@Occy30]

well done! Thank you!

[@jherc135]

Very informative...thanks. Cheers, J

[@Mrs_Amankwah]

I can't even see "with STOP" or "with OCO Bracket" when selecting create closing order. My current options level is moderate risk, I'm using the desktop version and I'm trying to practice this on OnDemand first. What could be the reason?

[@CharlesSchwab]

Hello and thank you for reaching out. While we can only offer limited support through social media, our specialists are happy to assist. To discuss your concern with a broker, please call 800-435-4000 or initiate a secure chat session on Schwab.com, available 24/7. ^CH

[@trading-doug1128]

Could there be a specific order type that triggers a trailing stop order once it hits my desired selling price?

[@CharlesSchwab]

This can be done by creating a trailing stop loss order with a percentage offset, then click on the gear icon to the far right which brings up a new window. In the new window, under the heading "Condition" parameters can be placed as to when the trailing stop loss is triggered. On our Trader Talk KZbin channel we offer live webcasts where you can ask questions and have the presenter respond to questions like this, real time. You might want to the "Exploring thinkorswim" webcast taught each Tuesday at 3:00pm ET. Here is a link to our webcast calendar: www.schwab.com/schwab-coaching Here is a link to our Trader Talk KZbin page: www.youtube.com/@tradertalkswebcasts Check them out. ^BC

[@kerosenefilms]

Is there a way to set a trailing stop below the close of a specified moving average?

[@fbmbassist]

Are trailing stop *limit* orders allowed for closing an *options* call? I only see "trailing stop" in the drop down menu.

[@fbmbassist]

It looks like this might just be a difference between Thinkorswim web versus desktop. I seem to have found it on the desktop version.

[@CharlesSchwab]

You can select trailing stops on options when using the thinkorswim desktop software. ^CH

[@greenrxp11]

So these will not work to the upside on a position am I understanding that correctly?

[@CharlesSchwab]

You can use trailing stop losses for either bullish or bearish positions. ^CH

[@tonyvaldez2487]

Thank you!

[@tatsumakamise2553]

Can you show us, (e.g.: MSFT) while assuming the current price is 435.30, how to place an order to A) buy at 435.00, B) stop profit at 440.00, C) stop loss at 433.00? Thanks,

[@CharlesSchwab]

Tatus. There is a recent webcast that will teach you about order entries. Then take your information and put it in the appropriate fields. kzbin.infoQD_vt9O5LhQ ^CH

[@CarlosSab]

Looking for a recommendation for day trading Penny Stock. Which limit order would you guys prefer the most. I Screwed UP BAD and did not put a Limit and the Stock DIPPPPPED LOW and now I am $1001 under. YTEN at .2200 now but I bought stocks at different prices above that. I am trying to take profit as the price goes up and down unless anybody else has a suggestion

[@CharlesSchwab]

Hello and thank you for reaching out. While we can only offer limited support through social media, our specialists are happy to assist. To discuss your concern with a broker, please call 800-435-4000 or initiate a secure chat session on Schwab.com, available 24/7.

[@extraterrestre1590]

Great video ✔✔

[@gustavoencarnacion8457]

EXCELLENT..............

[@tessjones5987]

Thanks You.

[@cardonerobert]

Wow! Coming off of SSE this way of ordering is cumbersom and ridiculously impossible to use when you trade in a quick market. By the time 1) you find the page and navigate 2) then figure out how to set the order up (especially the stop) you will either be losing when it dumps or if it jumps!!! The simplicity of SSE was excellent. Place your long or short and BOOM! Done. The best thing in SSE had/has is the ability to slide your stop split second-wise, up or down. With total correction instantly...did I mention it's instantly? Also, someone want to tell me where I can follow the Day change in % and price? I'm not loving this folks. Sure TOS is incredible but from what I see it's also very bloated. Make it better, don't make trading any harder than it already is, please?

[@CharlesSchwab]

Try the Active Trader tool on the thinkorswim Desktop platform. kzbin.info/www/bejne/hoW2oXSZdtNpg6csi=rixFoSGqc--KKYcO ^BW

[@speaseski8282]

Can't beat the All In One trade tool on SSE. You can do what this video shows in a couple clicks.Can also alter stop on the chart after you have placed order.In like 2 or 3 clicks.Also can have Level II and Time & Sales running below it with no effort.Schwab is running SSE and TOS at the same time now. Why not have us choose which we want?

[@speaseski8282]

I clicked the link. That saves a bit of time. Thanks

[@speaseski8282]

Also you can watch the chart action before you hit send.

[@tulio3571]

Hi there , i have charles schwab account , is thinkorswim free and how do I find it ? Thank you

[@CharlesSchwab]

Hello. If you already have an account at Charles Schwab you will have access to thinkorswim. You can download information here. ^BC www.schwab.com/trading/thinkorswim

[@JTMEGA986]

Thx

[@lbsmokeshop]

why does my confirm and send is not working ?

[@CharlesSchwab]

It may be a paperMoney issue. Regardless, if the issue persists, please call Schwab at [phone] and ask for a tech support representative on the thinkorswim platform. ^MF

[@dwhitexrp]

HOW DO I ADD THE ATR ON MY ORDER? I understand it. How do I add it? Nobody is explaining that?

[@CharlesSchwab]

Thank you for getting in touch. I understand your concern. While we can only offer limited support through social media, our specialists are happy to work with you to review the account further. For direct support with reviewing your account, please call 800-435-4000 or initiate a secure chat session on Schwab.com.

[@ramguy-eg2pg]

You missed a key point to explain how these GTC orders would be executed differently or not at all after a large overnight gap down situation

[@CharlesSchwab]

Typically stop loss orders which trigger a market order execute in a gap down situation including trailing stop loss orders. If you are talking trailing stop loss limit orders, they might not execute depending on the limit price you submitted. ^CH

[@jasont7540]

You should do a video on Average Trading Range Stops. This particular video was useless for most traders.

[@CharlesSchwab]

Here's a great webcast from Schwab Coaching that talks specifically about ATR based stops and includes a sample trading plan. kzbin.info6Yl555k3Ob4?si=5Uh6h_2AHi7qqpLK ^BW

[@marcostrujillo2617]

Wow, the TOS interface is so badly designed that it's not even funny. Bring that UI into the 21st century please!

[@seanmartin3309]

Here's an idea, go to work for Schwab and design something better. We'll all be waiting right here.

[@willdorak985]

It's one of the best platform out there. What are you talking about?

[@willdorak985]

​@@seanmartin3309Ameritrade designed this software I beleive. Then Charles Schwab bought Ameritrade.

[@bigdealdoughnutz]

They did, it's called TastyTrade.

[@ultraspinacle]

It is fairly clunky, especially on a Mac. Some of the sort-list and charts features are almost unresponsive unless you click on them a dozen times. However, it’s an extremely complex software set, and has amazing potential. I wish they would help make it a little more user-friendly, especially for Mac Desktop.

[@LOVEeV-ho8hy]

howsabout on active trade lads ? mmmhh mmhhh ?

[@CharlesSchwab]

Currently, you'd have to go to the trade tab to place a trailing stop order. ^MF

[@williamthomas8135]

why does everbody make videos about selling below the market price and buying above the market. Isn't it much more common to sell high and buy low? where is that in your video? Does everyone at schwab promote buy high and sell low?

[@CharlesSchwab]

Hello and thank you for reaching out. While we can only offer limited support through social media, our specialists are happy to assist. To discuss your concern with a broker, please call 800-435-4000 or initiate a secure chat session on Schwab.com, available 24/7. ^CH

[@hudsoncraftworks]

Of course making a profit is the whole idea. But this video is about trailing stops, which are for limiting loss. If a stock turns down and you want to exit quickly, setting a limit order slightly below the mark makes it more likely to be executed rather than not at all.