Why Every Trader NEEDS To Use TradingView's Long & Short Position Tools

Don't get left behind as a trader!
Especially when TradingView has a great tool for you to see your profit and loss areas and numbers before making a trade.
Use the Long and Short Position tools and see your risk in real-time before ever entering an order.
Win more, let winners run and stop out when you should with this video tutorial!
Enjoy!
Time Codes:
00:00 - Introduction
00:13 - Long Position Tool
05:50 - Short Position Tool
10:30 - Real Trade Example
___________________________________________________________________________
Get Free Stock By Opening An Interactive Brokers Account ➡︎ ibkr.com/referral/andrew576
Open Your Own TradingView Account ➡︎ www.tradingview.com/?aff_id=a...
___________________________________________________________________________
Best Books For Stock Investing
Streetsmart Guide To Timing The Stock Market
➡︎ amzn.to/3ElrCtC
Trading: Technical Analysis Masterclass
➡︎ amzn.to/3IIhGwR
Thackray's 2023 Investor's Guide ➡︎ amzn.to/3kgHruG
___________________________________________________________________________
Free Newsletter ➡︎ www.tradingoptionsdaily.com
Free Stock Guide ➡︎ www.tradingoptionsdaily.com/s...
How To Read Stock Candlesticks eBook ➡︎ www.amazon.com/dp/B0B7KYNC2L
___________________________________________________________________________
Connect on Social Media:
Twitter ➡︎ / stockoptionandy
Instagram ➡︎ / stockoptionandy
___________________________________________________________________________
Want to connect one-on-one, send me an email ➡︎ [e-mail]
Disclaimer: I am not a financial advisor, this material is for educational purposes only. Please do your own research before making any investment. This video is not sponsored but some links above are affiliate links. They do not cost you anything but I may make a small percentage if you choose to buy a product.
#andrewferguson #tradingview #tradingviewtutorials
Music by lvymusic from Pixabay and "Heaven" by Aylex

[@believeornot12]

I don't think the quantity and amount shown on the three lines represent the number of shares you need to buy or the cost of the shares. The numbers do not make sense. It would be a lot easier if I just multiply the number of shares with the gain/loss difference.

[@anmolzirvi7544]

Question- once it’s reaches at take profit, would the trade be closed automatically or is it something that we need to do manually? Pls answer.

[@EverydayNewExperiences-lb9ui]

Great explanation. Thanks for sharing

[@Andrew.Ferguson]

Glad it was helpful, thanks for watching!

[@francoiskeulen]

Thanks Andy for the good explanation.

[@Andrew.Ferguson]

Really appreciate the kind words Francois! Thanks for watching!

[@linlhin5028]

Hi, im confused with the AMOUNT. is that capital (account size) + profit/loss? sample 1000 capital.... amount 1100 = means u'll gain 100? thank you

[@MustyGatawa]

Ok that's great....

[@CMedia87]

question. does this tool actually activate the trade or is it simply a markup tool and you input those numbers somewhere to activate the trade.

[@Andrew.Ferguson]

Purely for markup and visualizing risk and potential return. Here's a short video on how to buy/sell shares on tradingview

[@mrretired2715]

Great vids subbed

[@Andrew.Ferguson]

Thank you so much, can't tell you how much it means to me. Hopefully there are other videos that you will enjoy as well!

[@mrretired2715]

@@Andrew.Ferguson Im going to watch all your vids I have just learnt how to trade (PROPERLY) took me a year of self studying. I use IKBR and your vids are what I will be using to help setup my trades again.

[@Andrew.Ferguson]

@Mr Retired that's great to hear! Congrats on getting started, the learning never stops and sounds like you're on the right track

[@candymanix]

Yo Bro... the math ain't mathing! At about the 4:12 mark, u mention that your account size is $10,000 yet the tool says I can buy 133 shares at the given price.... That's $14,125.93. That's greater than the account size! (133 x 106.21 = 14,125.93) Make it make sense to me. What am I missing?

[@Andrew.Ferguson]

You're bang on with the math and I'm not sure why it displays like that. I just took another look at it and the example in this video looks way off across the board. I'm going to have to update this and re-record one that actually works. Thanks for flagging this!

[@terribletraderlol]

How do you see how much you’re going to make and how much you are going to lose to you place the trade?

[@Your_wifes_boyfriend]

Please fix this vid. As stated below, 11 months ago, the math doesn't work. I would like to know how this really works. Please update. It's been nearly one year.

[@tanekahastrongman6194]

What does “amount” mean?

[@believeornot12]

I have the same question(s). None of the videos I watched really explain them.

[@seamuscooley3389]

Youre wrong you don't make 325 that's the ticks you put in the box, the top right 11,083 is the account balance when position is closed after reaching the TP level, so 333 x 3.25 + 10K is 11,083 total balance, so your profit is the difference 1,083 and not 325. Also i don't understand how the loss does not adjust when you move the bottom slider and what has risk to do with profit, makes no sense?. The worst and most confusing tool I have ever seen, Binance and trading view copied each other. The figures on the top and bottom right are your PNL amounts, not the middle figures. Three levels is all you need entry, exit and Qty of say SEI to buy or sell and then use the slider.

[@nodustflyzone]

Does this fool actually trigger the actual trade? And how do you trigger it?