Thinkorswim multiple profit orders reddit

Thinkorswim multiple profit orders reddit. Buy/sell LMT + Adjustable STP (1R) + Profit Taker LMT (4R). 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. Once you have added all the desirable pre-defined or newly created strategies, you can backtest their performance using a feature called Strategy Report. Gonna check with tech support, but wanted to check here first to see if anyone has run into this. The mobile app does a well, but I rarely trade from it. I am just starting to explore this functionality, apologies for the new-user question. 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. If it gets to 3315 you are confident it will keep going higher, so you enter a stop order to open at 3315. The order executes immediately or is Thinkorswim is the most advanced in executing orders. Limit to sell at profit target. Once you click, it opens to the Order Rules window. 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. So, let's say I create a bracketed order with a buy that triggers a OCO sell limit & stop loss. It puts a bracket in with your exact profit target (limit) and stop loss (or trailing stop) set the instant your order fills. 75R, and 4R. 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. 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. 5% loss) second OCO - Limit - sell balance all @ 22. 0dte options are best to be sold as a market order. On your active trader, click the drop down box where it likely says, “single order”. -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. TOS doesn't like MOC orders as part of OCO groups. Because it’s two separate orders, I am not able to move both stop orders simultaneously on the chart. 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. If you set a buy limit order for $6, you will get a fill at $5. Instead, I'd like to say "Whatever the purchase cost, I want to sell at 50% profit. But you only made $100 worth of profit. The STOP is where it triggers, and the LIMIT should be the most you're willing to lose. Just wondering how you guys go about watching multiple charts at the same time. Our founders and team read every post, so please be respectful and let's have constructive conversations. The order gets rejected because it says I'll be oversold. 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. If I miss the limit order and try to cancel and go for another limit order it's too late. 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. 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. I have a gtc sell stop in place. For example, I currently hold 10sh short, and I wish to reverse to be 10sh long by placing a limit order for 20sh long. . ) 1 - 6/4c at $20 on abc 5 - 6/11p at $35 on xyz Then just hit send to place order. Set the first limit order as a sell price, make sure it's set TIF as GTC (time in force as 'good till close'). a basket of indexes and when the point of a percentage of the portfolio is in loss (to close everything ) or - take profit. 30 and it never filled. Trying to figure out how to add 20% take profit as well to OCO advanced order template. 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. Same thing with a STOP LIMIT order. Setting of the OCOs for multiple opened position before every new trading day becomes tedious routine that I'd like to automate. Personally, i NEVER have a trade on without an instant stop in place. I also can't flatten the order. This point, the ONLY thing I might move is Profit taker LMT order, in case I am seeing bigger potential or reversal. I'm using STOP LIMIT order with OCO for taking profit and cutting losses on my trades. " In TOS Desktop, there is a feature for this: Buy/Sell with defined Buy and profit% based Sell. We would like to show you a description here but the site won’t allow us. (This aspect probably sucks the most). the stock pushed up way beyond the limit order and the bid premium was about 15. 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. " Change one of them to "stop. 00, what is the best way to set up a stop loss order of 6. I switched to DAS, but I’ve been busy trading futures on another platform so I haven’t used it yet. ” 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. ToS wil break up your 20sh long order into (2)10sh orders, one to close the 10sh short, and one to open 10sh long. Once Price hits 2R, ADJ STP will move to close to 2R with trailing X% STP order, pegged to the price. I wouldn't advisor market orders on your real account, but to trouble shoot this, you could try it. It tells you everything if you can get good at reading it. They can be set up as brackets, if you're multi-lotting. " At the far left look for a box that says Advanced Order. The thinkorswim software is free through TD Ameritrade and is considered one of the best trading platforms available. 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. The report takes into account all Buy and Sell signals suggested by the strategy and estimates the Profit/Loss value. 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. 5% and my second profit target at 3%. 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. How would I do that? I’m trying to trade using a single stop loss and three take profit orders set at 1R, 2. I currently have the -15% trailing stop set up for my auto call or put sell orders. 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. 50? With individual stock, the OCO order is very good at this. Ex. Example: buy 100 shares of AAA @100. So your P&L shows 100 in the green. 90 and some at 95. 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. Take profit 120. Lol, it adds some extra excitement to the whole process That will bring up the Order Confirmation Dialog box. There are so many to choose from. I have lost too much money on a 0dte on limit orders. Makes ZERO sense. I watch the stock and say it's up to 10. Example: The stock is at $1. 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. Yes. Buy a Call/put/Stock with no stoploss but a moving profit trigger when the Call/put/Stock goes down ?. So, limit to open. 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. When the order is filled, it triggers an OCO for your profit stop and stop-loss. 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. g. Next create another order and under Advanced Order select 1st trgs Seq - this will be our scaling order. You can also set orders for multiple stops / sells. You can create up to 3 OCO orders and set each execution. Immediate or Cancel. 50 so I click in the AT Ask cell for 10. 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. 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. But if one of my limit orders hit, I want my stop loss to still work until my second take profit hits. 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. 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. " 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. 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). You can also do OCO order which will also set a stop loss and take profit and cancels the other once one is filled. For example, first buy 200 shares of stock. smoother Time In Force options, and no issue executing in premarket at 9:29 AM like with Fidelity. 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. You can buy in with limit orders or stop limit orders like normal by clicking on the left or right side of the price. Trying to figure out how to create option sell order take profit 20% using thinkorswim order entry tools. 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. Any suggestion would be really appreciated, thank you! 1st triggers OCO order. I don’t think what you want to do is possible. I have other brokerages too, and they all put the bid/ask size on the confirmation page, but in a different format. e. ) i had a limit sell order on an options contract at 15. The thinkorswim software is excellent but can experience delays, especially over the public internet. You just paid $65 to buy the options, and then $65 to sell options. thinkorswim® is owned by TD Ameritrade, which has recently been acquired by Charles Schwab. 00 and a take profit closing order of 1. Yes! I was wanting to get this coded. The max profit when selling a spread is the credit received. Buy 10 XYZ @ Market - 1A. I also use it for stocks screener to see top 10 stocks that move. The stop loss triggered closing out the position then this morning the other order was still open and it filled causing even more loss. 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 wondering if you might share your analysis strategies for analyzing and buying LEAPS. I had a challenging time figuring out some good parameters for the Think Or Swim (TOS) options hacker. 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. You can do a multiple bracket order. 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. 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. I agree with others about reading order flow strictly using L2. 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. You can also try to change the order editor to a "Marker" order, just to see if the software is working properly. Traders with big order can see if they have the whole order fill at once with a single price. 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. 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). 48 to place a limit order -100 shares. 10. Two notes: Eg say you’re buying, market is currently offering $5. But this confuses me because when I submit the order, I get a very confusing Order #2: Submit Confirmation Screen. It hasn't filled any of my other options orders and absolutly none of my Forex orders. 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. It's weird the issue with performance only happens when putting an order on. It lets you see how many orders in queue. You can setup ToS to trade options faster using the Active Trader sidebar and the Linking capabilities of ToS. 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. I place a Stop buy order at $1. Open the Active Trader tab and review the Template drop-down. 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. Figured this was a worthy companion to u/c5dm recent post on creating bracket/OCO orders. 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. You want an order with 3 brackets, or two, or whatever will work. 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. 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. To get the immediate part, that’s a IOC order. I of course then tried to make it back which made things worse. Sounds like what you want - The first order in the Order Entry screen triggers two OCO orders. Choose "create duplicate order. There needs to be a way to even have a global closeout - even if multiple charts are being used eg. I am wondering if anyone has been having problems with their orders not going in the active trader. " Further, successful day trading long term can easily take 10 or more trades a day. Yes you can. 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. S. If I sell an Iron Condor for a credit of 3. Basically, I created a conditional buy order where I manually input the conditions to all trades, and they executed properly. 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. This is essentially a, "1st triggers 2 OCO" order, but after the 1st order has already triggered. It’s just gonna close one at a stop while the other at a profit right? Being a straddle…. 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. 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. (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%. 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. Also, has anyone done multiple chain OCO orders, like if X, else Y, but within X, I have another bunch of conditions. This cost me about about $1000 before I could change the order. Then trigger a “bracket” order to sell your shares in two 100-share OCO orders. I have to cancel the stop order to set the limit order. Free level II data too from thinkorswin. Doesn't seem to make a difference whether or not it's a market or a limit order. I use active trader every single day. Need a little help with creating a custom order for the first time. Huh? This community was founded to teach others about realistic and responsible options trading. Go try it out on Monday. 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. 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 . 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. 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. And yes, the trigger order sets exactly what you want. It would make sense for partial fill, but filled at the limit order. Select "OCO. Say I'm trading a single stock and want to set an OCO at +/- 2% of my entry price. If price rises to [entry price +1%], the stop loss is cancelled and replaced with a -1% trailing stop at current market price. (i. 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. I placed a stop limit that sat in my working tab and did not execute. 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. Stop to sell at loss target. 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. 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. 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. There is an absolute "No Troll" policy - this is a place where traders can learn and help each other. Fills were fine, I scalped successfully with it, but I still haven’t compared it to anything else. If you had used a limit order 3315 to open, you would have bought at 3310 since it is below your limit. firm in 2008. I'm new to Think or Swim and I'm doing a lot of practicing in the On Demand feature. I've been trading using the PMCC (Poor mans covered call) strategy for a few months and have had pretty decent results. Not good when you are sending multiple orders and getting partial fills on a fast moving stock. 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 trying to create a 2 bracket conditional order that will set my stop loss at 1. 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. For instance, throw on a limit order far away from market, whole thing locks up for 3-5sec. 5 (2. If I create multiple stop loss orders to sell all my shares to facilitate creating multiple TP orders, won't I be charged the $6. Very concerning This happened multiple times, I had to call their representative and said they have to put in special requests to get it fix. Once I click buy, the sell limit & stop loss are visible on both the chart and active trader windows. I really need the orders to auto-send with one click. Dec 1, 2023 · However, I'd like to automate OCO definition in ThinkScript, as most of the days I have multiple stocks opened. In thinkorswim, first set up your trail stop order, change the TR price to + -, step, or percentage (if percentage, make sure it's negative eg. Click on the Advanced Order button and load each choice so you can see what they really mean. TD Ameritrade also has better order options such as ability to specify display size if you route to NADQ, conditional orders. 37 with the yellow triangles is your entry. They can be set up as order templates that go in with the original order, of done after the fact. there are ways to close all positions within thinkorswim but other than that you'll need to manually select the stock or use limit orders to execute orders. This is perfect for scaling For example, first buy 100 shares of stock. I'm referring to the 'Net Premium' amount in the options statistics tab, which adds up calls bought on ask and subtracts calls sold on bid, giving you the true net bullish premium paid, which really tells you where the money is flowing. TOS Pre market not getting orders filled Hi, I have the pre market turned on with Gtc_Ext and have been placing limit orders above the bid price (premarket on TOS is limit orders only), yet my orders are Not getting filled. How do I set a bracket order on active trader in the folding scenario. First, create your stop loss like normal and save/submit - easy. Hit "edit. 75 for -100 shares. this happened yesterday. Having a hard time getting used to TOS platform. Hi all. It will be about 7 orders. Yet the transaction page shown 95$ for that 100 shares. 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. E. 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. Let's see how it works in practice. You can set it for example that once you hit buy, it puts a stop loss at what you specify. 00. 1st Triggers 2 OCO: The first order in the Order Entry screen triggers two OCO orders. For example, first buy 100 shares of stock. Say you buy 100 options and then sell them for $100 profit. You can save the order with the percentages. 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. 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. Members Online Trying to place an order with a take profit and stop loss I have a stock. If stock goes down, my profit trigger moves down to 115 for every dollar the stock moves. Use something with decent volume (narrow bid/ask) and set a limit much higher than the ask. Example, it is at 3310. They can be separate orders or joined together as OCO. I hope its at least helpful to one of you. Look into bracketed orders, or OCO. 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. 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. 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. The trigger order will put a stop and take profit. Good luck if I'm trying to scalp with market orders 😂 Hi everyone. 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%. Share Add a Comment ex. What I need for the start is the ThinkScript code/syntax for the OCO sell order in my case. Search for thinkorswim beginner and thinkorswim training videos or thinkorswim beginner tips on YouTube. This is a community for requesting new features, helping others, and asking questions about TradingView. 5%, my first profit target at 1. But it’s not convenient if you need to act quickly. I buy, say 100 shares at $10, then I set a stop order at 9. 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. 95 OTC fee three times? We would like to show you a description here but the site won’t allow us. I assume the web version did a well, but over never looked. I'm using a study based conditional order in paper trading to test a strategy, and having a lot of inconsistent fills. I am using TOS. I have an existing position of 66 shares. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. This community is devoted to the teaching of strategies and resources to help traders become consistently profitable. 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). 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. Put multiple take profit orders. jtvtj opapl slauck ibfs xytlw hpiil uhleub hhu fqrqa qjivjn