Fidelity | How to Place Stop Orders - Each Stop Order Explained

  Рет қаралды 91,093

Think Trade Profit

Think Trade Profit

3 жыл бұрын

In this video I cover all the Stop Orders. I explain the differences and offer my opinion on best use cases with demonstrations in Active Trader Pro.
#CommissionsEarned
Links are affiliate links that help the channel at no cost to you.
Must Have Trading Books
Market Wizards amzn.to/3MrO895
The Playbook amzn.to/3K5XaFS
Trading to Win amzn.to/3m0d0cZ
The Way of the Turtle amzn.to/3TYYi2B
Trading for a Living amzn.to/3K35C8O
My Trading Desktop Setup
Lenovo IdeaCentre T540 amzn.to/3zpZJh1
Video Card GTX 1660 amzn.to/40xi87n
Monitors amzn.to/3JXqe2a
Desk amzn.to/3m0oRb6
Gear I use for filming videos
Mic amzn.to/3ny0u4N
Webcam amzn.to/3MhNSsO
Topics include:
1. Stop Market Orders
2. Stop Limit Orders
3. Trailing Stop Orders in $ amounts
4. Trailing Stop Orders in % of price
5. Buy Stop Orders
6. Sell Short Stop Orders
7. Trade Armor, Directed Trade, and the General Trade ticket
RESOURCES & LINKS
HONEST REVIEW FIDELITY | TRADING AND INVESTING
• Honest Review Fidelity...
FIDELITY | FAST TRADES - ENTRY AND EXECUTION
• Fidelity | Fast Trades...
FIDELITY | ACTIVE TRADER PRO - DAY TRADING SETUP
• Fidelity | Active Trad...
FIDELITY | TRADE ARMOR - TUTORIAL & REVIEW
• Fidelity | Trade Armor...
FIDELITY | STOCK TRADE PRICE IMPROVEMENTS - HOW MUCH $$$ CAN YOU MAKE?
• Fidelity | Stock Trade...

Пікірлер: 289
@jonathang.1502
@jonathang.1502 3 жыл бұрын
I'm just now switching to Fidelity after years of dabbling in TOS. One of the reasons I initially went with TD was because of how popular the platform is and how many videos there are for it. Your videos on configuration and things like trade armor are so incredibly valuable. Fidelity should be paying you a commission.
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Thanks for the support Jonathan!
@ralphpeterson6806
@ralphpeterson6806 3 жыл бұрын
A well explained video, I still continue to urge beginners to test their skill by practicing with a demo account or get a qualified personnel to assist you.
@aaronponce6557
@aaronponce6557 3 жыл бұрын
There are several trading platforms that offer demo but demo is way different from the actual trading.
@alonzocaridad1448
@alonzocaridad1448 3 жыл бұрын
I should have seen this advice earlier, I have blown all my accounts. Can you assist me in anyway?
@ethangavin5348
@ethangavin5348 3 жыл бұрын
Ralph Peterson are you a professional trader? how reliable and legit are you?
@dustinfallon7389
@dustinfallon7389 3 жыл бұрын
The demo is essential for training, people skip it and rush into trading just because of profit.
@ralphpeterson6806
@ralphpeterson6806 3 жыл бұрын
Ethan Gavin I am still under the supervision of the experienced CONS. Edwin Earl and he taught me what a beginner should know about trading and he is licensed.
@donkndave7811
@donkndave7811 3 жыл бұрын
You are one of the few people experienced and providing tutorials on Fidelity ATP. Fidelity is totally inadequate in their tutorials on the site and on KZfaq. Thank you very much for your work. You may not be reaching a lot of people but your videos are very much appreciated. Thank you!
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
I really appreciate the positive feedback DonknDave . Thanks for your support!
@shawnstangeland3011
@shawnstangeland3011 3 жыл бұрын
Indeed Fidelity should send Kent a check and a heartfelt appreciation for doing this
@Chris-xf8ek
@Chris-xf8ek 2 жыл бұрын
Wow. This is the first one of your videos I have seen. It is so much more helpful than Fidelity's own videos. I can't tell you how appreciative I am. Thank you!
@ThinkTradeProfit
@ThinkTradeProfit 2 жыл бұрын
Hi Chris, Thanks for the support and positive feedback! Feel free to reach out with any questions (comments on videos are the best way). Good Luck!
@chrisfarrell6461
@chrisfarrell6461 4 ай бұрын
love your patience and delivery.... concise, thoughtful and it never hurts to repeat things over and over and over to reinforce the details
@ThinkTradeProfit
@ThinkTradeProfit 4 ай бұрын
Hi Chris, Thanks for the support and positive feedback. I'm glad it was helpful. Feel free to reach out with any questions in the 'Comments' section of the videos. I try to answer all of them given some time. Good Luck in 2024!
@shawnstangeland3011
@shawnstangeland3011 3 жыл бұрын
Wow really appreciate you taking the time and doing this. So very helpful!!
@ajnarozo11
@ajnarozo11 Жыл бұрын
I am blown away! Perfect video presentation. Your style is very clear, logical and fully understandable. I will now search for all your options videos too. Thank you much!
@ThinkTradeProfit
@ThinkTradeProfit Жыл бұрын
Hi Krisztina001, Thanks so much for the support and positive feedback. Good Luck!
@joseph-pe7jp
@joseph-pe7jp 3 жыл бұрын
Great video, thanks so much for explaining them all. I will watch this a few more times lol.
@walkerluke4470
@walkerluke4470 3 жыл бұрын
Another exceptional video! The content is relevant and the presentation is clear and easy to understand. Thank you for taking the time to produce this content. You rock!
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Thanks Walker! This is definitely one everyone should watch.
@walkerluke4470
@walkerluke4470 3 жыл бұрын
I concur!
@WoeDee216
@WoeDee216 Жыл бұрын
you got my "like" . i love your explanations on how these order work and how they trigger, you make it so easy to understand
@ThinkTradeProfit
@ThinkTradeProfit Жыл бұрын
Hi Woe, I appreciate the support! If any questions come up, feel free to put them in the Comments section of videos. I try to answer all of them in time. Good Luck!
@WtbgoldBlogspot
@WtbgoldBlogspot 3 жыл бұрын
Amazing as always. Thanks for really diving into the nitty gritty stuff that everyone else just kindof assumes you know. Doing it with live market participation made it more exciting too :)
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi WTBGold, Thanks for the positive feedback. I'm glad this video has helped. It is really useful to understand all the "tools in the toolbox". Good Luck!
@77msalinas
@77msalinas 3 жыл бұрын
This video is GOLD! Thanks a million Kent!
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Thanks Mark! I'm glad it was helpful.
@Kirbyyyy197
@Kirbyyyy197 3 жыл бұрын
This was awesome!!! really appreciate your time doing this.
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi Kv D, Thanks for the positive feeback! I think it's good to understand all the order types and the flexibility they provide. Good Luck!
@letter2steve
@letter2steve 6 ай бұрын
Holy crap. Great video. Super clear and well explained. Thanks for taking the time to explain these orders types.
@ThinkTradeProfit
@ThinkTradeProfit 6 ай бұрын
Thanks Steve! I apppreciate the support. Feel free to reach out with any questions in the 'Comments' sections of videos. I try to answer all of them in time. Good Luck!
@kevinmcdaniel138
@kevinmcdaniel138 3 жыл бұрын
Subscribed. Great content. Clear explanations. Your work is very much appreciated.
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Thanks Kevin! I appreciate the positive feedback and support.
@aladinzahran
@aladinzahran Жыл бұрын
Awesome video I repeat watching it many times to understand order types, it's a great guide. Great job. Thank you so much.
@ThinkTradeProfit
@ThinkTradeProfit Жыл бұрын
Hi Aladdin, Thanks for the support. I am glad it was helpful. Good Luck!
@paullidster8220
@paullidster8220 2 жыл бұрын
I never comment on videos, but this is a very informative video. Thank you.
@ThinkTradeProfit
@ThinkTradeProfit 2 жыл бұрын
Hi Paul, I'm proud of this one, because it has helped so many people. Thanks for the support!
@squirrelmaster1225
@squirrelmaster1225 Жыл бұрын
older video, but very helpful, thank you for the refresher
@ThinkTradeProfit
@ThinkTradeProfit Жыл бұрын
Hi Squirrel Master, I appreciate the support. Good Luck!
@AnNguyen-ky4do
@AnNguyen-ky4do 3 жыл бұрын
One of the best contents I’ve found on this channel and not in the others. Thanks for the live demonstration and experience. I would love to learn more if you offer any educational sessions/courses.
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi An, Thanks for the support! I don't offer any courses myself, but two channels I would recommend (just their free KZfaq content, not courses) are Live Traders kzfaq.info/love/y1_GzyOzjhB-vk1J6PLMdw and SMB Capital kzfaq.info
@AnNguyen-ky4do
@AnNguyen-ky4do 3 жыл бұрын
@@ThinkTradeProfit Hi Ken - Appreciate all the work you've put in to show us the tool, tips and tricks of the trade. I was able to successfully made a small profitable trade the first time today using ATP thanks to you. A dumb question, please. Do you know if ATP is available for extended hour trading? I was able to do pre- and after-market on the website, but couldn't figure it out on ATP. Thanks again!
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
@@AnNguyen-ky4do Hi An, Yes, you can definitely do extended hours trades in Active Trader Pro. You can use the regular trade ticket or the Directed Trade window. It is probably very similar to the website. Things to remember: Only limit orders are allowed in extended hours, TIF (Time in Force) field should be: Day+ and then the orders you enter in extended hours are only good for extended hours. They do not carry into the market open (if you were trading in pre-market, for example). If you are using the Directed Trade window, you need to set the Route: to ARCX. It would look similar to this - imgur.com/GKu40Ow If your trades do not get executed, then cancel and re-enter during regular market hours.
@AnNguyen-ky4do
@AnNguyen-ky4do 3 жыл бұрын
Really appreciate the quick and detailed reply. Thanks again and looking forward to learning more from your future videos!
@briansevall9796
@briansevall9796 2 жыл бұрын
Really informative and easy to understand video. it explained a lot for me on how those stop losses work. thank you so much for sharing
@ThinkTradeProfit
@ThinkTradeProfit 2 жыл бұрын
Hi Brian, Thanks for the support. I'm glad it was helpful. It is good to understand which order type is best for each situation. Good Luck!
@victorakauola
@victorakauola 2 жыл бұрын
Thank you Kent! Man ur a Godsend…appreciate ur time and content 🙏
@ThinkTradeProfit
@ThinkTradeProfit 2 жыл бұрын
Hi Vic, Thanks for the support. I'm glad it was helpful. Feel free to reach out with any questions in the comments of videos. I try to answer all that I can in time. Good Luck!
@victorakauola
@victorakauola 2 жыл бұрын
@@ThinkTradeProfit well let’s just say that I had my share of watching most of your videos. Very goodTeacher👌
@jinrosemont
@jinrosemont 3 жыл бұрын
This is the main question i've been trying to figure out and u answered them in this video. Thanks again!
@timberlinegoldprospecting2358
@timberlinegoldprospecting2358 2 жыл бұрын
As a novice, I thoroughly understood your explanation of these stop practices! Thank you!
@ThinkTradeProfit
@ThinkTradeProfit 2 жыл бұрын
This is one of the most helpful. It is good to understand all of the "tools in the toolbox". Thanks for the positive feedback!
@StevenVelasquez
@StevenVelasquez 2 жыл бұрын
Absolutely fantastic video! So fantastic I hate myself for not seeing it sooner. Several trades went completely against where I thought they were headed and by the time I became aware, I fell into the trap of waiting more ⏲ to see if they would improve at least a little to minimize my 📉. They never do, they compound the loss and pour gasoline ⛽ on the dumpster 🔥 you've set. Thank you sir. Thank you so much.
@ThinkTradeProfit
@ThinkTradeProfit 2 жыл бұрын
Hi Steven, Glad it was helpful. It's good to know all the order types. Thanks for the support!
@E_stef
@E_stef Жыл бұрын
thank you for super informational video on SL, had been wondering how to use these.
@ThinkTradeProfit
@ThinkTradeProfit Жыл бұрын
Hi Estefani, Thanks for the support. This video has helped many people. It's good to understand all the "tools in the toolbox" that could cover different situations. Feel free to post any questions in the Comments section of my videos. I try to answer all of them in time. Good Luck!
@chrisrayot2433
@chrisrayot2433 3 жыл бұрын
Awesome, just started with this platform, your videos are a huge help👍
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi Chris, I'm glad they are helpful. Thanks for supporting the channel!
@johnpape4638
@johnpape4638 11 ай бұрын
Thanks! Just what I needed.
@ThinkTradeProfit
@ThinkTradeProfit 11 ай бұрын
Hi John, I'm glad it was helpful. Feel free to put any questions in the Comments section of my videos. I try to answer all of them in time. Good Luck!
@wandabrowne8313
@wandabrowne8313 3 жыл бұрын
Best explanation! Thank you
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Thanks Wanda! I appreciate the support.
@jonathanlance2166
@jonathanlance2166 2 жыл бұрын
Well explained video. Will check out the Trade Armor video for bracket orders.
@PoliceInvestigations101
@PoliceInvestigations101 3 жыл бұрын
Wow, fantastic video, I had no clue how to use these but know I do, I actually made a PDF of all the screenshots with my own words, using your comments
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi David, It is definitely good to use all the "tools in the toolbox". I'm glad it was helpful. Thanks for supporting the channel!
@subhankarghosh6035
@subhankarghosh6035 Жыл бұрын
one of the best videos for stop loss - THANKS
@ThinkTradeProfit
@ThinkTradeProfit Жыл бұрын
Hi Subhankar, Thanks for the positive feedback. Truly appreciated. This video has helped many people. It is good to know all the order types so you can adapt to whatever scenario might work for you. Feel free to put any questions in the Comments section of my videos. I try to answer all of them in time. Good Luck!
@scotthenderson4376
@scotthenderson4376 6 ай бұрын
This was very helpful Thank you
@ThinkTradeProfit
@ThinkTradeProfit 6 ай бұрын
Thanks again for the support and positive feedback. It's definitely helpful to know all the "tools in your toolbox" (order types). Good Luck!
@davidgross2684
@davidgross2684 3 жыл бұрын
Thanks man, appreciate this video quality explanations. Wish I would have watched this a few days before I started trading.
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi David, I'm glad it was helpful. It is good to understand all the "tools in the toolbox". Good Luck!
@samdoral4927
@samdoral4927 3 жыл бұрын
Great educational video....thank you
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi Sam, Thanks for the support. Good Luck!
@Edgar4T007
@Edgar4T007 2 жыл бұрын
Excelente vídeo Señor.
@michaelblum6537
@michaelblum6537 3 жыл бұрын
Excellent. Thanks!
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi Michael, I'm glad it was helpful. Thanks for the support!
@KKPhotographyNJ
@KKPhotographyNJ 2 жыл бұрын
Thank you sir. This was very helpful.
@ThinkTradeProfit
@ThinkTradeProfit 2 жыл бұрын
Hi KK Photography, I'm glad it was helpful. I appreciate the positive feedback. If any questions come to mind, feel free to put them in the comments of videos. I try to answer all questions. Good Luck!
@logicfirst7959
@logicfirst7959 2 жыл бұрын
Wonderful video - thank you.
@ThinkTradeProfit
@ThinkTradeProfit 2 жыл бұрын
Hi Logic First, Thanks for the support! I'm proud of this one. It has helped a lot of people. Good Luck!
@MrGeorgeferreira
@MrGeorgeferreira 2 жыл бұрын
Excellent...just what i was looking for...thanks
@ThinkTradeProfit
@ThinkTradeProfit 2 жыл бұрын
Hi George, I'm glad it was helpful. Thanks for the support. Feel free to throw any questions in video's Comments section. I try to answer all of them. Good Luck!
@MrGeorgeferreira
@MrGeorgeferreira 2 жыл бұрын
@@ThinkTradeProfit Hi, I have another question....I have been trading for a year..never used stops but will now after seing yur video..I tried today, all great but question> if I make an entry, i.e; i have now an open position of lets say $10....i put a stop limit at $9.90....the stock goes to $15.00 and I want to no take my profit....I need to cancel my stop order and then put in another order lets say for $14.90 (limit) or market order to get out of the trade...todo this, I have to CANCEL FIRST the stop order that I created shortly after I created my position with a buy order CORRECT? OR perhaps I can do a trailing stop instead of limit stop so that it keeps trailing the rise and then when it drops 10 cents it takes me out? could you please tell me if my understanding is correct? thanks
@ThinkTradeProfit
@ThinkTradeProfit 2 жыл бұрын
@@MrGeorgeferreira Yes, George. you are right on both. You could "cancel & replace" your Stop Order for a Market Order or Limit Order when you are ready to get out, instead of just Cancel. Or like you mentioned, you could Cancel and add a Trailing Stop Order at some price near by and "let it ride". The trailing stop will not move down, only up.
@MrGeorgeferreira
@MrGeorgeferreira 2 жыл бұрын
@@ThinkTradeProfit Ah..got you...REPLACE instead of Cancel...didn't think of that..fantastic..will do that..Thank you so much...appreciated. god bless.
@markniblack7160
@markniblack7160 Жыл бұрын
Really clear explanation
@ThinkTradeProfit
@ThinkTradeProfit Жыл бұрын
Hi Mark, I'm glad it was helpful. Thanks for supporting the channel. If any questions come up, feel free to put them in the Comments section videos. I try to answer all that I can in time. Good Luck!
@colinhorne8464
@colinhorne8464 3 жыл бұрын
Thank you for posting this
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi Colin, I'm glad it was helpful. Good Luck!
@petertoth2350
@petertoth2350 3 жыл бұрын
very nice presentation, thank you
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi Peter, Thanks for the positive feedback! I appreciate it.
@KevinJohnsonX
@KevinJohnsonX 3 жыл бұрын
excellent explanations!
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi Kevin, Thanks for the positive feedback! I appreciate the support.
@Lord_Mau_
@Lord_Mau_ 3 жыл бұрын
Extremely well done. Thank you.
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi Marcian, I'm glad it was helpful. It is good to understand all the tools available. Good Luck!
@Lord_Mau_
@Lord_Mau_ 3 жыл бұрын
@@ThinkTradeProfit I’m really enjoying using Trade Armor. So much functionality in one window. 👍🏾
@Edgar4T007
@Edgar4T007 2 жыл бұрын
Thanks a lot for the stop 🛑 trading order example.
@ThinkTradeProfit
@ThinkTradeProfit 2 жыл бұрын
Hi Edgar, I'm glad it was helpful. It's good to know all of the order types, more "tools for your trading toolbox". Thanks for checking out the channel. Good Luck!
@drdomore
@drdomore 3 жыл бұрын
Very helpful. I have not used stop or stop limit orders. I feel educated to try them out. Then as I get comfortable, I may use it more. Thank you
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Thanks for visiting the channel Mohit!
@douglasdiel7035
@douglasdiel7035 2 жыл бұрын
Used the trailing stop for the first time today on ATP. Worked perfectly.
@ThinkTradeProfit
@ThinkTradeProfit 2 жыл бұрын
Hi Douglas, It'a great tool. Glad it worked out for you. Good Luck!
@thedartside1050
@thedartside1050 3 жыл бұрын
Very useful video. Thank you.
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi The Dart Side , Glad it was helpful. Thanks for checking out the channel!
@ghejamly3945
@ghejamly3945 3 жыл бұрын
thank you so much . for your help.
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Thanks for the support! I'm glad it was helpful.
@Wanderingviewer
@Wanderingviewer 3 жыл бұрын
Great content!!! I really appreciate your videos. I learned alot from you on how to use fidelity. For some I don't have trailing stop orders as an option in my directed trade and extended orders windows.
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi Wandering Viewer , Thanks for the support! Only certain order types are available during extended hours. Trailing stops and market orders are some that are not available (this is the same across most major brokers). During regular market hours, trailing stops and all other types should be available in the Directed Trade window and shortcut settings. Check out the third paragraph here for more info - www.fidelity.com/viewpoints/active-investor/extended-hours-trading Good Luck!
@Wanderingviewer
@Wanderingviewer 3 жыл бұрын
Thank you for taking the time to reply back. I checked during the regular trading hours. It's still not available I'll have to contact Fidelity and see what's the issue is. Some video ideas for you if you are interested, maybe tutorials on how to use options on fidelity, stocks to hold long-term, maybe one's with divideds. maybe some trading strategy you utilize. Thanks again!
@shawnstangeland3011
@shawnstangeland3011 3 жыл бұрын
This video is gold!!
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Thanks Shawn! It is good to have a solid understanding of all the "tools in the toolbox". Good Luck!
@KingKongBuddy
@KingKongBuddy 2 жыл бұрын
Awesome video thanks
@ThinkTradeProfit
@ThinkTradeProfit 2 жыл бұрын
Thanks Korey! I hope it was helpful. I appreciate the support.
@MarsMedigrow
@MarsMedigrow 2 жыл бұрын
Much appreciated 🙏
@ThinkTradeProfit
@ThinkTradeProfit 2 жыл бұрын
Hi Mars, Thanks for the support. I'm glad it was helpful. Good Luck!
@gregrazu
@gregrazu 3 жыл бұрын
Like how you explain thank you
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi Truckers for Trump , I am glad it was helpful. Thanks for the support!
@cwthames
@cwthames 3 жыл бұрын
Great videos! Thanks for doing it! Quick question, can you trade futures in ATP?
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi CW THAM, Unfortunately, no. No futures or currency trading in Active Trader Pro. Thanks for checking out the channel.
@tinycreek
@tinycreek 3 жыл бұрын
Thank you for this video. I will try it out. It looks like in Fidelity ATP, But to Cover order and Buy order are two different thing. If you have a short position, you must use Buy to Cover order to close, not Buy order to close.
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Yes, you are right. If you accidentally use 'Buy' instead of 'Buy to Cover' for a short, you'll be long and short in the Positions window. I have made this error a few times. You can call Fidelity and they will fix/adjust the position in your account. If the stock is not moving very much, you could also trade out of both positions, do a Buy to Cover and a Sell. This is riskier. (I have done this a few times also).
@shawnhazel4110
@shawnhazel4110 8 ай бұрын
Hey Man great content ; Can you buy a option contract and place a stop loss on the same order ticket on fidelity ?
@machne1974
@machne1974 3 жыл бұрын
This is extremely helpful in getting the most out of Fidelity's platform. Thanks!
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi Kevin, Thanks for the support! I'm glad it was helpful. It is good to understand all the order types and how they can be useful. Good Luck!
@johnj9267
@johnj9267 3 жыл бұрын
@@ThinkTradeProfit Great video...just wondering if you were selling during a squeeze on the way down...not looiking for finacial advice :) Thanks again!
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
​@@johnj9267 Hi Guido Jr., I can't remember what I doing during this video, but I do like like going short when the time is right. Don't pick tops, like in the market we're currently having, but wait for a trend break and resistance above. Then take calculated risk with resistance above you, and no support in near sight Short sell on the way down. Good Luck!
@johnj9267
@johnj9267 3 жыл бұрын
@@ThinkTradeProfit Thnaks for responding!
@johnj9267
@johnj9267 3 жыл бұрын
@@ThinkTradeProfit Do you have plans to start making more youtube educational tutorials? Really apreciate your approach and style. Thanks :)
@stanmanmedia
@stanmanmedia 4 ай бұрын
Nice video. Thanks! How do you get Fidelity Active Trader to perform so well? I was in IT for decades and have a plenty fast laptop with plenty of memory and Active Trader is the slower app on my laptop. Most of my accounts are in Fidelity, but because of this performance issue I feel like moving to another platform. Thanks for any advice on tweaking the platform for performance.
@timetorelaxfocus9642
@timetorelaxfocus9642 3 жыл бұрын
Wow I have been trying to figure this out for some time, thanks much! Sub+1
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi Vote Gauntlet, I'm glad it helped. Thanks for checking out the channel!
@stevehinton5300
@stevehinton5300 Жыл бұрын
Great info..!! Been using Fidelity almost 2 years almost every day and haven't understood/known about the trailing stop and such orders.. small account so what i do is limited. Will definitely watch the TRADE ARMOR video and put that info into practice... I thought Fidelity didn't have that option... duh
@ThinkTradeProfit
@ThinkTradeProfit Жыл бұрын
Hi Steve, I'm glad it was helpful. Thanks for supporting the channel. Feel free to reach out with any questions in the Comment section of videos. I try to answer all of them in time. Good Luck!
@gjh61261
@gjh61261 3 жыл бұрын
Hi Kent, Thanks again for a very informative video, really appreciate the insights you are sharing. I did have a question on stop losses. When you place a trailing stop on fidelity, do you base it on the last price, the bid or the ask? Thanks Gary
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi Gary, I would use the last price. Sometimes stocks with algorithms can move the bid/ask around but the stock doesn't trade at that price. You could get a "false" trigger on a stock with a temporarily widened spread.
@gjh61261
@gjh61261 3 жыл бұрын
@@ThinkTradeProfit Thanks Kent, much appreciated.
@tanbaykal
@tanbaykal 3 жыл бұрын
Hi Kent, I have a question regarding Good 'til Canceled orders in fidelity ATP. If i submit a Good 'til Canceled order to sell (limit order), would it sell in Extended hours (pre or after) when it my limits? How do I make sure to place a limit order beforehand to sell a certain stock so i dont have to wait during pre-after market hours? I had bad experience with a specific stock (NIO) plummeting after hours before I could sell.. in other words, what is the best way to set up stop loss order in advance for extended hours? I did not see this in your video.. could you please clarify for us?. Once again, Thanks for your help and your videos.
@kalasag9113
@kalasag9113 3 жыл бұрын
Thanks for the technical steps on how to place a stop order... Any guidance on what percentage of loss (with minimal loss of opportunity) we ought to put our stop orders?
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
That is a big topic. I think, to start, you should review some of my suggestions here - kzfaq.info/get/bejne/j6uFqNuVt5_aZ3U.html
@steveng8727
@steveng8727 3 жыл бұрын
Great info, thanks Kent. The 'buy stop' was always confusing. Quick question, sometimes after placing a market order (long position) I'll notice it can be immediately down $20-$100 !! Is this the difference between the bid and the ask? Also is this why you use that 'level 2' so you can see a 'closer spread'? My 1 or 2 minute candle will be green so I buy then YIKES, down big right after placing the order !! ??
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
You should definitely have the Level 2 up, when entering and exiting, so you can see the spread. I'm not sure what the best column in the Position window is to track your Profit and Loss in real time. I literally watch price and know where I am by doing the math (e.q. 300 shares, down .08 => -$24.00) You should compare whichever column you have with what you know your purchase price was and what it is seconds or minutes later. Are you buying within the first few minutes of the market open? That is one of the most volatile times. It's very risky. Spreads are generally wider during this time also. That could cause you to have a big variance in P/L.
@steveng8727
@steveng8727 3 жыл бұрын
@@ThinkTradeProfit waiting until 8am Vegas time, I think I figured out my position window P & L is calculating any 'wash' trade so I like your way of so many cents x # shares, etc. Thanks again..
@bennyfry
@bennyfry 3 жыл бұрын
Very helpful! If I’m interested in a swing trade and put a stop buy order in, is there a way to indicate to sell it at a trailing stop loss in the buy order? Or do I have to wait until the buy order is executed to specify the sell criteria?
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi Ben, There are two ways to enter the order that you want. The "hard" way is go to Trade & Orders > Conditional Trade and then build it out. I suggest the easier way to start, go to Trades & Orders > Trade Armor. Then click 'Trade' and select the 'Buy Triggers Bracket (OTOCO) action. imgur.com/cr5Zws8 Then you set the rest of the fields. With this order type, you set the Buy condition, a Profit Traget, and a Stop Loss. Whichever of the Stop Loss or the Profit target executes first, the other order gets cancelled. If my example, I have a Buy Stop for PTON at 160, when that executes, the Profit target of 165 and the Stop Loss of Trailing Stop $3 below are "live". Whenever either executes the other is cancelled. Obviously, for swing trading, you probably want to use a GTC order instead of a Day Order. Just for educational purposes, OTOCO is an acronym for OneTriggers a One Cancels the Other (Your Buy Order execution triggers a pair of trades where an execution on one of those cancels the other. I hope that helps!
@joshuachampion6990
@joshuachampion6990 5 ай бұрын
Do you have a vido on Stop Orders and Take Profit on Options? Would like to set these at the sametime.
@roseesme1243
@roseesme1243 2 жыл бұрын
This is very useful, thank you for posting! My question is = what's the difference between Buy Limit (at a price you want) and Buy Stop Limit? And same on the short side? They seem to be the same, no? Why would we use one over another? Many thanks in advance for the answer!
@ThinkTradeProfit
@ThinkTradeProfit 2 жыл бұрын
Hi Rose, Great question. Buy Limit (at a price you want) is an order that just sits and waits for your Limit price (or better) and executes a Buy at that price (or sometimes slightly better if the market is moving fast). The Buy Stop Limit can have two components at different prices, the Stop price AND the Limit price. One example where you may use this is breakouts to higher price. Let's say your research indicates that if TSLA trades higher than $740, it is going to breakout and go higher, further, faster. You decide you want to Buy it if it starts moving upward, but only want to pay a certain amount. You could enter a Buy Stop Limit Order with the Stop price of $740 (your Limit part of the order will "activate" when TSLA trades at $740 or higher, 740 is the Stop price). You decide you are willing to pay $2 more per share if it starts rising to $740 and beyond. Buy Stop (Stop price $740) Limit (Limit price $742). If TSLA rises to $740 or higher, your Limit order will look to Buy shares of TSLA at $742 or better. I hope that helps. More about this here - www.fidelity.com/learning-center/trading-investing/trading/stop-loss-video Good Luck!
@raghavoo7
@raghavoo7 2 жыл бұрын
Question: Can we put a stop order (to save ourselves from a huge loss) and a limit order (to take profit when the stock goes in our direction), in the same order? For example, if I bought AAPL share at 130, I want to place a single sell order for both: 1. Sell if AAPL goes below 128, sell at market price 2. Sell if AAPL goes above 135, sell at market price That means, whatever condition is met first, the corresponding order gets executed.
@ThinkTradeProfit
@ThinkTradeProfit 2 жыл бұрын
Hi Raghav, Yes! The easiest way to do this if you are new to Active Trader Pro is to use Trade Armor. I have a different video that demonstrates this. I cover all the different order types and how to use it to protect your positions. kzfaq.info/get/bejne/jJqdf9qor9i0mYk.html
@merrittpalmer4349
@merrittpalmer4349 3 жыл бұрын
do I have to fill out a profit target in the trade armor buy triggers bracket? could i just leave it blank and manually sell when i want to?
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi Chad, You must add a value, but you can put it far away from the current market (up to 50%) and then cancel and replace it with a Market Order when you are ready to sell.
@chrisdonahue
@chrisdonahue 2 жыл бұрын
thanks for the video...So If I wanted to sell a % of my stock at various price points would I need to look into the Sell Bracket? Or would I just need to set up multiple sell limit orders/sell stop limit order? I read there are conditional orders but I'm not concerned about selling if it drops but just to sell if it goes up. TYTY
@ThinkTradeProfit
@ThinkTradeProfit 2 жыл бұрын
Hi Chris D, Sorry for the delayed reply was away for the weekend. You would only need the bracket if you were considering placing a stop loss along with a profit target. You would need to setup multiple limit orders/sell stop limit orders otherwise. Conditional orders have some different features. For example, you can sell if another stock or index goes up/down/reaches a price. I hope that helps. Good Luck!
@chrisdonahue
@chrisdonahue 2 жыл бұрын
@@ThinkTradeProfit TYVM
@judyvargas1581
@judyvargas1581 3 жыл бұрын
Thank you for the video very helpful. Question, instead of canceling the open trailing stop order can we just update it to sell? Having to cancel to sell takes too much time to do when every second counts.
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi Judy, Absolutely! You're right, every second counts. You can pre-load the replacement order with al the fields and then hover the 'Place' to be ready for the perfect time to submit your order.
@judyvargas1581
@judyvargas1581 3 жыл бұрын
@@ThinkTradeProfit Thank you, I'll do that on Monday. Hope to see new videos soon. All your videos are so helpful.
@traderelated
@traderelated 3 жыл бұрын
when you setup these stops can you still manually sell? Think or swim doesn't allow you to touch your damb position if you've setup a stop orde that's waiting in the background
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
It's kind of the same at Fidelity. The brokers do not want more sell orders out than you have stock. It is easy to cancel and replace at Fidelity to a market or limit order if you are ready to sell with a Stop Order already placed.
@modena315
@modena315 3 жыл бұрын
How did you replace the 'preview' button with the 'place' button on the Active Trader Pro? Thanks.
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Go to Settings > Trade > then General tab and select Skip Preview imgur.com/uMR70Oj
@JimHabash
@JimHabash 3 жыл бұрын
To new guys, just a heads up, I had many stocks STOLEN from me using a STOP order during the flash crash because the markets crash and my stocks sold at ridiculously low prices. I learned the hard way, it was very very painful. Because during the flash crash, their was no liquidity, so the stock sold at market bids that were 20 or 30% under the current price. My YTD gains were eradicated in seconds. I was new and didn't use limit orders or other types.
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi Jim, Thanks for sharing your experience. It is important for those new to the markets to understand that extreme events happen. Risk is always present. I've experienced some crazy times during my career (although I escaped the "Flash Crash" unharmed). Liquidity events happen all the time in stocks and markets with news, or tweets from the President, or international economic events. High-frequency trading is a large part of the "market-making" in current times. That is why we see so many large moves in short-periods of time. Stay nimble. Good Luck!
@durango24k
@durango24k 3 жыл бұрын
Thanks for that. One question on the Buy Stop order you discussed that you placed at $35. Lets say i did that Buy Stop order of 100 shares at $35 and the price triggered the order going up past $35. Before the price was triggered at $35 could I have placed a Sell Stop Loss at lets say $34 to protect myself in the case that the order was filled at $35 and ran higher but then came back down below $35? I guess I'm asking that because if I were to have placed the Sell Stop Loss 100 shares at $34 I actually didn't own the stock yet because when I placed this order the $35 hadn't been triggered yet. Second question or scenario. Same 100 shares Buy Stop placed at $35. Could I also have placed a trailing stop loss before the $35 had been triggered? Thanks for your great video. It's so nice to have someone help navigate Fidelity Active Trader Pro. I've watched every one of your videos over the past few weeks and its really been helpful in fine tuning my trading experience and has paid off already. I feel much more comfortable in my knowledge and my screen setup has change based on the info you've shared and it's helped me to execute trades more confidently. Thanks again. PS. If your looking for a new topic to cover maybe a short video on how to 'Link Tools" would be great. I've linked a few tools but its a bit confusing in regards to the color coding. Also maybe explain the benefits or scenarios where this tool would be helpful as a trader.
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi Jerry, You are right in that you cannot place the exit orders individually before having the stock positions. There are two ways to do these: Trade & Orders > Conditional Trade or Trade & Orders > Trade Armor. The first situation, I entered the long way in Conditional Trade (you have to fill in everything) and it would look like this - imgur.com/48BM41s The Buy Stop order at 35 triggers a Sell Stop order at 34. I did the second situation in Trade Armor. The difference here is there is only a Buy Triggers Bracket (OTOCO) order type. So you have to put in a profit target (upper exit price) as well as a lower exit price (trailing stop). I chose $37 for the upper. The trailing Stop is $1 which should be near enough to wherever your Buy Stop purchases the stock. imgur.com/2pbKqGo
@veradrummond9002
@veradrummond9002 3 жыл бұрын
@@ThinkTradeProfit Hey, really appreciate your response to this question with the images uploaded as well. It was very, very helpful. Thank you sir!
@bc2578
@bc2578 2 жыл бұрын
Very informative and helpful. What if I am placing my buy order over the weekend, can I set up, for example, a trailing stop before my buy order has been filled? Or do I need to wait until it fills next trading day, and then place a trailing stop or whatever other stop loss?
@ThinkTradeProfit
@ThinkTradeProfit 2 жыл бұрын
Hi B C, The weekend is a little unusual. I had trouble placing a Buy Order using Trade Armor with a Limit Buy and a Trailing Stop, but weekday evenings, it should work fine. I would wait till early morning Monday and then place them in premarket for the regular session. You'll have a better idea where price will be. Other than the weekend, yes, you should be able to place a Buy Order and the Trailing Stop and also a Profi target, if you like, in a single order . (Use Buy Triggers Bracket (OTOCO). imgur.com/LYW9khg I hope that helps. Good Luck!
@bc2578
@bc2578 2 жыл бұрын
@@ThinkTradeProfit Thanks for your time....
@jacquestheriot7987
@jacquestheriot7987 Жыл бұрын
If you wanted to sell half of your position at a certain price and let the other half ride, is there a feature for this? great video!
@ThinkTradeProfit
@ThinkTradeProfit Жыл бұрын
Hi Jacques, Apologies for the delayed reply. I've been on vacation. Unfortunately, there is not a feature for this. It would have to be a manual order where you calculate the half of the position and sell price. Good Luck!
@ronaldrollins9149
@ronaldrollins9149 3 жыл бұрын
@Think Trade Profit On Trailing Stop %; is this something you need to enable? Its not available on my version of ATP. All that is available to me is Trail Stop $ and Trail Stop Limit $. I trade options by the way
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi Ronald, I just saw this comment and missed it months ago. I apologize. Options only have the $-based trailing stops available. www.fidelity.com/trading/faqs-order-types#
@judyvargas1581
@judyvargas1581 3 жыл бұрын
Hi, is there a way to set up out buttons to buy and sell without selecting the place button? Which we had hotkeyes on Fidelity.
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi Judy, No, unfortunately not. The best option (and I believe fastest) is to pre-load your next order.
@judyvargas1581
@judyvargas1581 3 жыл бұрын
@@ThinkTradeProfit Thank you for your reply
@scotthenderson4376
@scotthenderson4376 6 ай бұрын
can you do the stop orders/trailing stops from the trade window also if you put 1 it's 1 share so if your doing options is that by the hundreds (100=1 option 200=2)
@ThinkTradeProfit
@ThinkTradeProfit 6 ай бұрын
Hi Scott, Yes, you can put in Stop and Trailing Stop Orders in the Directed Trade window and the smaller Trade windows. You're right about Options, 1 contract controls 100 shares of stock. If you are placing a Stop Order for 1 contract, you would enter '1' for the quantity.
@turtlenecks
@turtlenecks 3 жыл бұрын
Do you have a video that goes over how to manage a position if say you're in 100 shares, and you want to take off 50. Let's assume after you bought the initial 100 shares, you put in a stop. What's the most efficient way to do it in ATP? Seems like in the direct trade ticket you'd have to cancel the existing stop, then take off the 50 shares, and then add another stop for the remaining 50 shares. In Schwab I never had to go through so many steps. Is there an easier way to do it in ATP? Love the videos.
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi turtlenecks, I'm not sure there is a very efficient way to do this in Active Trader Pro. I would do it this way: 1. Put in the initial stop for the 100 shares, then when you are ready to exit 50, use Cancel & Replace from the 'Orders' window and change your stop order to a Sell of 50 at Market (or Limit). Then put in a new Stop order for the other half (50 shares) at breakeven? (or whatever Stop price you wanted). You could use Trader Armor for that, if it wasn't a fast market. I hope that helps. Good Luck!
@turtlenecks
@turtlenecks 3 жыл бұрын
@@ThinkTradeProfit That seems like the best way, thanks for that. Love your videos.
@shawnstangeland3011
@shawnstangeland3011 3 жыл бұрын
I noticed you had placed a few orders that were waiting. Is it possible to line up a series of stop orders to sell and buy back in at a certain price level?
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi Shawn, Sure, but you can't place Stop Orders for more than the quantity of shares you hold. You can place Buy Orders after those, but they might be limited by available Buying Power at any point in time. I have heard people trading forex like that, wide grid, full of orders at different levels. It could definitely be implemented in ATP while keeping in mind the constraints I mentioned above.
@TeresA-xc4og
@TeresA-xc4og 3 жыл бұрын
Can we do all these buy- short- stop- limit with fractional shares? And can we buy fractional options? Much obliged ...
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi Teres, Fractional share trades can only be done in stocks, not options. Likewise, you cannot use Active Trader Pro for fractional share trades, but you can use the mobile and web app. There are some restrictions with order types also. No short selling, no margin on fractional share trades. You can only place Limit and Market Day orders. You can learn more here - www.fidelity.com/trading/fractional-shares Good Luck!
@lilammac
@lilammac 3 жыл бұрын
So stop orders can be triggered to sell or buy at market price whenever the price hits that level-regardless of if it is moving up or down?
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Yes! The Sell Stop Order is the one most people are aware of, because they use it as a Stop Loss for a Buy (Long) Position. The Buy Stop Order is a tool used by breakout traders (or as a Stop Loss for a Short Position). The breakout traders would think something like this - "If price goes above $51, I think it is going to breakout because it will be above a major resistance point". They place a Buy Stop (market) order to Buy xxx shares at Market when the price rises to 51 or higher.
@dragonfly1414
@dragonfly1414 3 жыл бұрын
Can't see well Trade Ticket to small please kindly make it bigger Thank
@sayalikajale6982
@sayalikajale6982 Жыл бұрын
Hi, what is the option of Conditions on Stop loss orders, the options are None and Do-not-reduce, what is that? Do you connect in person?
@ThinkTradeProfit
@ThinkTradeProfit 11 ай бұрын
Hi Sayali, 'All or None' Stop Loss orders will not fill unless the the closing trade will execute for all your option contracts. You shouldn't worry about this if you are trading a small number of contracts, 10 or less. Stop Loss orders are for protection so you want to get out if price is moving against you. Don't select 'All or None'. 'Do not Reduce' are for Good Till Cancelled Orders. if the stock pays a Dividend while your stop loss order is open, that order will ordinarily be reduced when the stock trades ex dividend. Normally, I do not use this option. Unfortuantely, I don't connect in person or do consulting, but I am considering compiling a trading strategy guide of the many methods I use in the markets. Thanks for supporting the channel. Good Luck!
@earthexplorer579
@earthexplorer579 3 жыл бұрын
as soon as i buy if the price drops then which order type is recomended?i got confused as soon as you talked about shorting,can you do a video on just buy and selling with stop limit orders,stop market etc (,not shorting).
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi Earth Explorer, The most popular order for getting out of a position that is going against you (or when you choose to protect the profits you have) is the Stop Market order. It looks like this - imgur.com/xGyBpu9 This says that I want to Sell my 100 shares of PTON when the price TRADES at 155 (or lower). This is technically a Stop Market order. It ensures an order is sent to get you out of your position. With this order, it doesn't matter if the Bid or Ask is at 155. Times & Sales is monitored and when a trade hits the "tape" at 155 or lower for the first time after this order is entered, then a Market Order to sell 100 shares of PTON is sent. Keep in mind, this does not guarantee you will get 155 for the fill price.
@TheDesmosabie
@TheDesmosabie 3 жыл бұрын
does the trailing stop percentage follow the % behind the current price or the price you purchase at ?
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi TheDesmosabie, The trailing stop percentage follows the % behind the current market price when you enter the trailing stop order, not the purchase price. Same if you choose to use a trailing stop fixed dollar amount, it will start trailing behind the current market price when the trailing stop order is entered.
@xenod1066
@xenod1066 Жыл бұрын
Can you set a hard lower stop, and a trailing stop simultaneously, oco? For most of my trades i don't need a take profit.
@ThinkTradeProfit
@ThinkTradeProfit Жыл бұрын
Hi Xenod, Yes! But they must be created in 'Trades & Orders' > 'Conditional Trade'. The time in force (Day or GTC) has to be the same for both orders. Here is an example - www.flickr.com/photos/196640386@N04/shares/98o3dK7562 I hope that helps. Good Luck and Thanks for supporting the channel.
@xenod1066
@xenod1066 Жыл бұрын
@@ThinkTradeProfit Awesome. Thank you.
@OysterD9
@OysterD9 2 жыл бұрын
When you short in Fidelity. Does it calc the short interest into the trade? Also do you have a discord?
@ThinkTradeProfit
@ThinkTradeProfit 2 жыл бұрын
Hi Dylans Life, No, Fidelity doesn't calculate the short interest into the trade. The amount of interest owed depends on the time you hold the trade. Fidelity's base margin rate is 7%. People usually misunderstand this. It's 7% per year on the money borrowed for the trade. For example, you Buy 100 shares of a $100 stock, the whole purchase would cost $10,000, but Buying on marging means they usually loan you half the amount. You've borrowed $5,000 to buy 100 shares on margin. The 7% per year margin rate equals about 0.00019 per day (0.07 / 365). Until you close the trade, it costs about $0.95 a day to borrow that money. It's charged to your account monthly, after you close the trade on the first business day following the 20th of each month. I don't have a Discord for our community (yet). Worried I wouldn't be able to give it enough attention, but have considered it. I hope this helps. Good Luck!
@MoneyVikings
@MoneyVikings 11 ай бұрын
Is there any way to set multiple profit targets with ATP?
@ThinkTradeProfit
@ThinkTradeProfit 11 ай бұрын
Hi MoneyVikings, No, not for the same "lot" of shares or option contracts. Assuming you had a position of 1000 shares of XYZ, if you wanted multiple profit targets, they would have to be individual sell orders (or individual conditional orders) for some partial amount of your 1000 shares. For example, you own 1000 PYPL. You could enter individual orders (or conditional orders) for 200 shares each for Profit Targets (and Stop Losses with Conditional order) of 5 different prices. I hope that helps. Thanks for supporting the channel. Good Luck!
@lolz616
@lolz616 3 жыл бұрын
Please friend in fidelity if I short sell a stock how I set a buy to cover auto trigger if the stock hits a certain price what would that be called I’m the trade window
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Buy to Cover Limit Order if you expect it to go lower and you will cover with a Profit. If you want to protect yourself from loss and are afraid it might go higher, you would use a Buy to Cover Stop Limit and set a price that you will cover (higher) at a Loss. Good Luck!
@lolz616
@lolz616 3 жыл бұрын
@@ThinkTradeProfit Oh thanks that BUY TO COVER STOP LIMIT is what i needed i like that to protect myself if my short play starts to rise and im doing something else thanks bro
@Paragon_Reason
@Paragon_Reason Жыл бұрын
Do I have to purchase extra software to do these or can I do it free with my SPY account on fidelity
@ThinkTradeProfit
@ThinkTradeProfit Жыл бұрын
Apologies for the delayed reply, I've been on vacation. No extra software or fees, these are all built into the free platform with no commissions. Good Luck!
@Hyena1986
@Hyena1986 2 жыл бұрын
was trying to follow along its 9pm est on friday. so the market is closed. while following along at trailing stop loss i cannot change order to anything in direct to trade. can you not set buy and sell orders after hours with fidelity?
@ThinkTradeProfit
@ThinkTradeProfit 2 жыл бұрын
Hi Ronald, You can, but only until 8 pm EST. Because of the weekend, your next best chance to practice and experiment with orders will be Monday morning at 7:00am. Fidelity accepts premarket orders from 7:00 - 9:28 am ET, and after hours orders from 4:00 - 8:00 pm ET during the weekdays when the market will be open (non-holidays). I hope that helps. Good Luck!
@Hyena1986
@Hyena1986 2 жыл бұрын
@@ThinkTradeProfit it updated its screen after i posted i guess it didnt have it cause i just created everything but it then told me it wasnt available. so i added a normal trade window above it if i want to place a buy or sell order on a weekend and not worry about it i guess.
@knshaikh
@knshaikh 3 жыл бұрын
Thank you for the video. I have a question please do reply, when market crash or if there is so much volatility or even non of the above which following order type could be the best choice for the existing stocks/positions in order to secure the investments? Ty. 1-Trailing stop loss ($) 2- Trailing stop loss (%) 3- Trailing stop limit ($) 4- Trailing stop limit (%)
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
Hi kalid nor, Thanks for visiting the channel. Trailing stop loss ($) or (%) are the best because they become market orders and get you out when your stop amount arrives. Trailing stop limits are worse for volatile markets and have more risk. They become limit orders when your stop amount arrives. Trailing stop limits could put you in a situation where the market keeps going against you and you are waiting for the limit price to execute and get you out of your position. You might not exit your position if the market kept declining while being long stock.
@knshaikh
@knshaikh 3 жыл бұрын
@@ThinkTradeProfit thank you so much for your reply. Your reply makes total sense but one more question arises that, what if the profit is so little to nothing and market seems to be crashing/declining? What one should do in that regard? For example: if I bought a stock intially for $100 and over the period it went up to $150 but now currently comes down again near $100. In this situation what order type one should be applying?
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
@@knshaikh Before every trade, you should decide the profit target (when you will get out if it goes up) and the stop loss (how much you are willing to lose). In this case, it doesn't matter that it went up and now is coming back down. How much are you willing to risk on this idea? That is the question. Decide that and put in a stop loss order that takes a loss at that amount. That is the right way to trade. You never know ahead of time what trades will work and will not.
@knshaikh
@knshaikh 3 жыл бұрын
@@ThinkTradeProfit Thank you so much for your help indeed! I already subscribed the channel and liked your videos, and looking forward to learn more from you in the future. Again, thanks!
@ThinkTradeProfit
@ThinkTradeProfit 3 жыл бұрын
@@knshaikh Thank you for your support of the channel!
@OMGWUNSIU
@OMGWUNSIU 2 жыл бұрын
Kind of new to trading, but i should have learned these trailing stops before… they really have the potential to help you run with the price. One of my issues is I am fearful of a downturn erasing my upside so i tend to sell early and miss out on the full run up. Trailing stops can help me with this. Very cool…. on another note i see i’m not the only one who gets put on settled cash only for the next 90 days 😹 every 90 days i get put back to trading with uncleared cash and, try as i might, it doesn’t take many days before i have sold and bought, then sold again before the trade settles and i’m on restriction again. 🙈 I wonder if there is a way to just tell them i have no self control and if i have money i’m going to be buying and selling so you might as well just leave me on settled cash only for life… 😂
@ThinkTradeProfit
@ThinkTradeProfit 2 жыл бұрын
Hi OMGWUNSIU, Try a swing trading strategy and trade smaller (just don't close trades the same day). You can have many trades on at the same time. Good Luck!
@4mbrad642
@4mbrad642 2 жыл бұрын
What is " buy to cover" order? Can you please help me understand the difference between "buy" vs "buy to cover". Thanks
@ThinkTradeProfit
@ThinkTradeProfit 2 жыл бұрын
Hi 4mbrad, You should choose the order 'Buy to Cover' when closing a Short Sale trade, otherwise 'Buy' is always the way to go. If you have a Short Sale trade and you want to close and make a mistake (using 'Buy' instead of 'Buy to Cover'), you can call Fidelity and they can change it in your account easily. I hope that helps. Good Luck!
@ManageMYweight
@ManageMYweight 2 жыл бұрын
Can you do a video how to do OCO order on fidelity?
@ThinkTradeProfit
@ThinkTradeProfit 2 жыл бұрын
Hi Theo, You can do these in Trade Armor or Conditional Trade - imgur.com/XityV4W Practice putting in orders that are far away from the current market price and then cancel them. With Trade Armor, you can use the "price sliders" to adjust your open orders quickly. This is a good primer of those orders so that you don't have to wait for a video. www.fidelity.com/learning-center/trading-investing/trading/conditional-order-types. I hope that helps. Good Luck!
@mrbabysarm28
@mrbabysarm28 2 жыл бұрын
Is there a way to place a buy and a sell order at the same time instead of having to place a buy order and then the sell order afterwards, I believe thinkor swim let's you place both at once...
@ThinkTradeProfit
@ThinkTradeProfit 2 жыл бұрын
Hi Dr. Sunshine, Yes, it's possible but it's a little slow. You can enter conditional orders and your Buys and Shorts with Stop Losses and Profit targets in Fidelity's Trade Armor. This is good if you cannot sit and watch the market all day. kzfaq.info/get/bejne/jJqdf9qor9i0mYk.html The fastest way to enter orders is still using the Directed Trade window and shortcuts (for stocks and options), but you would need to enter two orders. It could be fast if your stop losses or trailing stops were consistent. More about those here - kzfaq.info/get/bejne/pNdmorig2NbTmXk.html I hope that helps. Good Luck!
6 ways to INSTANTLY place BETTER STOP LOSSES (Don't Get Hunted)
20:22
Think Trade Profit
Рет қаралды 15 М.
Fidelity | Trade Armor - Tutorial & Review
19:32
Think Trade Profit
Рет қаралды 35 М.
Which one is the best? #katebrush #shorts
00:12
Kate Brush
Рет қаралды 11 МЛН
Can you beat this impossible game?
00:13
LOL
Рет қаралды 64 МЛН
Каха инструкция по шашлыку
01:00
К-Media
Рет қаралды 6 МЛН
Fidelity | Active Trader Pro - Day Trading Setup
17:35
Think Trade Profit
Рет қаралды 89 М.
How to Use a Trailing Stop Loss (Order Types Explained)
10:06
Arvabelle
Рет қаралды 709 М.
Fidelity | Fast Trades - Entry and Execution
14:55
Think Trade Profit
Рет қаралды 38 М.
Stock Multiples: How to Tell When a Stock is Cheap/Expensive
9:47
The Plain Bagel
Рет қаралды 1,5 МЛН
Reading the Tape | Level 2, Times & Sales, and Price Action
55:22
Think Trade Profit
Рет қаралды 10 М.
Fidelity | Options in Active Trader Pro - First Look
32:39
Think Trade Profit
Рет қаралды 38 М.
How to use Level 2 (with ZERO experience)
44:00
Ross Cameron - Warrior Trading
Рет қаралды 102 М.
How I'm Making $286/Day with $1,000 | Small Account Challenge Ep. 2
45:45
Ross Cameron - Warrior Trading
Рет қаралды 141 М.