thinkorswim® Tutorial: Introduction to thinkorswim® Desktop

Рет қаралды 90,876

Күн бұрын

Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. bit.ly/OptionsDisclosureDocument
thinkorswim® is an industry-leading trading platform offering powerful trading tools, real-time data, and powerful analytics. In this tutorial, we'll provide a high-level tour of the most commonly used features of the thinkorswim trading platform.
Schwab clients can log in and access the thinkorswim® platform here:  www.schwab.com/getthinkorswim
Not a Schwab client? Learn more about the thinkorswim® platform: www.schwab.com/thinkorswim
0:00 Welcome
0:17 Downloading thinkorswim
0:50 Logging in to thinkorswim
1:23 thinkorswim layout
2:15 Left-hand sidebar setup
3:24 Add Live News to left sidebar
3:45 Watchlists
5:06 Intro to charts
6:23 Switching chart types
6:50 Chart settings and style
7:43 Selecting a chart time frame
9:00 Placing a market order to buy stock
11:29 Order Confirmation Dialog box
12:15 Monitoring Working Orders
12:26 Placing a limit order to buy stock
13:10 Canceling and replacing orders
14:22 Buying a single option
15:54 Monitoring and closing an existing position
17:02 Education Center tour
17:23 Creating a Support/Chat request
Subscribe to our channel: bit.ly/SubscribeCharlesSchwab
Check out more Insights & Education from Charles Schwab: www.schwab.com/learn/
Connect with Charles Schwab:
Facebook: / charlesschwab
Twitter: / charlesschwab
Open an account with Charles Schwab: www.schwab.com/open-an-account
(1123-338D)

Пікірлер: 123

@BradenBrandRealityTV Күн бұрын

Very good video, detailed. appreciated

@maxsheng8215 5 ай бұрын

SSE looks way simpler than this tab of files.

@elenabusch6482 7 ай бұрын

Endlich!! Finally!! thank you very much dear Charles. The introduction on the platform was very helpfull! I just subscribed your chanel.

@CharlesSchwab 7 ай бұрын

Glad it was helpful!

@David-fv7zg 6 ай бұрын

Thank TDAmeritrade, the inherited this when the merged. This is not a Schwab product.

@nick1234567891231 5 ай бұрын

And this is terrible@@David-fv7zg

@dollarjilt1 Ай бұрын

Late comment, but this is so cool... it will take my short term trading to a new level. Many thanks

@lankaprince 5 ай бұрын

great tutorial video!

@user-nz8hj2vs9c 4 ай бұрын

Whoever is responsible for retiring EDGE for TOS owes to be fired. That unintelligent move is incomprehensible to me!

@JohnMcComb-mx9im 3 ай бұрын

I'm with you, have watched many videos on TOS, has way to much for me SSE is perfect for my Dividend investing.

@user-ls1sz2st9n 4 ай бұрын

After 33 years as a very satisfied Schwab client, I am headed our the door if this platform is our only option!!

@CharlesSchwab 4 ай бұрын

Hey user-ls. Change can be difficult and we know that. We have created several webcast to help you quickly get up to speed on thinkorswim. On Thursdays at 5 ET is a StreetSmartEdge to thinkorswim webcast. We also have Getting Started With thinkorswim (Beginners) on Mondays @ 3 ET and Exploring thinkorswim (Intermediate level) Tuesdays at 3 ET. Although the video you watch is a good start, there are many more helps to get you comfortable, including mock trading in the paperMoney side of thinkorswim. All of these are for the downloaded software of thinkorswim. There is also thinkorswim web and mobile for other platforms. Here's a link to our calendar of training including what I highlighted above: www.schwab.com/schwab-coaching ^CH

@watertrash 4 ай бұрын

agreed, I'm so used to StreetSmartEdge. Don't know why they can't keep both platforms. Also forced us the long-time clients to learn a new one.

@Simon-xu4yr 3 ай бұрын

It's a great platform.

@TheUmopepisdn 3 ай бұрын

What don't you like about it?

@MarcusCosten 2 ай бұрын

Think or Swim is AWESOME

@mcrayfourd 4 ай бұрын

cant tell you how much i hate think or swim compared to the old Schwab desktop

@4pitch 4 ай бұрын

Hello I miss pre market net change data in TOS watchlists net change column . EDGE has this data in net change column in watchlists but TOS doesen't, thank you for looking into this.

@jessew8568 5 ай бұрын

CNBC is now gone. You can't even see at the top how the Dow, Nasdaq, and S&P 500 is doing for the day. It was always so nice to see the dividends on the main chart. The layout of the Option chain is less friendly. This creates a lot more work each day. It seems awful.

@latitudesatsilverlake6825 5 ай бұрын

It's almost as if the people at Charles Schwab who made this decision to replease Street Smart Edge with this crap have no artistry or appreciation for simple layouts that SSE presented. It's almost as if they want to make it harder for the average person to make money by complicating things with a horrendous platform like thinkorswim

@ninja_ape 5 ай бұрын

Great to see how to use TOS in 2012

@nick1234567891231 5 ай бұрын

Platform for options and future traders, nothing for stock traders. Terrible, shall go back to Merrill Schwab had the best trading platform SSE and now they have nothing, wish they keep SSE

@gurmeharbhatia127 4 ай бұрын

After 40 or so years as a very satisfied Schwab client, i am seriously thinking about taking my business elsewhere. By forcing a tool on us that is not any superior and not as easy to use than SSE, it seems like they don't care for their clients anymore.

@JohnMcComb-mx9im 3 ай бұрын

This TOS is way to much for me and my style of investing, SSE has been perfect, simple and easy. I'm an older gent and am now looking for someplace else to put my money that has a platform like SSE. Would appreciate any info/leads from those like me. Thanks. P.S., I have looked at the videos, maybe 5 or more, none are geared for an investor like me, and the frustration - not to mention Schwab is not ready, many links don't work, tried to get the Guest Pass, that site doesn't work, tried the load the TOS layout option in SSE, locked up my computer.... I have a bad feeling.

@CharlesSchwab 3 ай бұрын

Hello, thank you for reaching out! We can provide general information and navigational assistance. For specific account questions, please initiate a secure chat through Schwab.com or call 800-435-4000, available 24/7! ^CH

@mrfatman985 3 ай бұрын

Sucks for buy and hold.

@johnp.8339 9 күн бұрын

Change is tough, I rarely recommend it and I don't consider myself 'older.' I had a highly customized Edge and could blow through and get ALL info in a few click of custom tabs I created, now I gotta squint, poke around and hope. I'm in the middle, but I see the ultimate benefits. My suggestion would be to start small, and maybe hide or remove extra noise and slowly build up - like learning to trade all over. I've gone through Telebroker! Phone, web, Edge, smart phones so now ToS. It seems like a Swiss Army Knife with too much for everyone, but the true pocket knife guy could just remove the corkscrew and other superfluous tools and use what's best for his style/focus. But I do sympathize with support having to deal with a ton of Edge fans being told to change. We're talking about people's money and how to manage/generate. I do like the extra help and support that Schwab is offering! Ironically, I (like many) had Schwab and Ameritrade at same time, and I've tried adopting ToS for years and just never saw it. So, I left that account with ETFs and funds and did very little with it except maybe some web based trades, and just used Edge at Schwab. THE ONLY RECOMMENDATION I'D HAVE for Schwab is to allow both simultaneously - like an 'IT Staging.' The you could try ToS but when you're stuck, jump into Edge to do it, instead they are forcing a hard switch, which is going to put the brakes on a LOT of trades for a bit.

@Matthew-ez4ze 7 ай бұрын

This mistake will be taught in business school one day. Schwab (Coca Cola) bought TD (Pepsi) and forced us to drink the inferior Pepsi recipe under the Coca Cola label. Yes, I am bitter.

@CharlesSchwab 7 ай бұрын

We are sorry you are not happy about the change. We understand change is difficult and people don't want to learn something new when the old item was working well for them. Please give thinkorswim a chance, it is an award winning platform that is very robust and if you give it a chance you might find some of the tools it offers very valuable. Again, thank you for your feedback. ^BC

@danielsharkoff4013 7 ай бұрын

TOS is awesome but why do u have to take away our precious Street Smart Edge

@danielsharkoff4013 7 ай бұрын

The level 2 and time and sales on TOS is nothing special compared to SSE

@nick1234567891231 5 ай бұрын

Why did not they ask opinion of Schwab clints what they prefer. For myself SSE platform was reason why i switched to Schwab from Merrill may be time to go back

@johnp.8339 9 күн бұрын

@@danielsharkoff4013 I was told that it wasn't just supporting the Edge platform, but they actually had charges, like data feed; seems like negotiating that would have been less risky than alienating customers. I'm not going anywhere, but I'll admit as soon as I caught wind of ultimate change, I figured to look around and downloaded two other platforms since 'I gotta learn all over anyway' - and that is the business school case study - like small businesses run by a sole expert or personality gets sold to someone who thinks they'll just continue it, but customer flee because 'they gotta change anyway, may as well look around.' My 'precious Edge' became that way after over 20 years of tweaking and customizing but I did see it's limitations. ToS isn't as perty, but it seems to have much more of those things I kept seeking.

@AutopilottradingMarketTechTalk 22 күн бұрын

This wasn't a problem until I was transfered from TD to Schwab: I am surprised that TOS allows broken features to be available especially since this deals with money of their customers. I am referring to the double sell orders trap and now with the "MARK" function. I've read that they've known about the MARK issue for some time and they haven't taken that feature out of production. This gives customers the perception that TOS is prone to be "buggy"🙄

@theresthat 22 күн бұрын

I've had the same problem with the "mark" triggering a rogue TRSTP for a few of my orders. Also double sales because the OCO going off the "mark" price triggers both simultaneously. When I called in, the broker I spoke to said he has been aware of the bug since he started working there YEARS ago. I hope Schwab will take the need to rectify this issue seriously. IBKR is looking better each day because of these unaddressed bugs.

@cboysworld1 2 ай бұрын

Hi Cameron, thanks for the videos. You're great to watch. My question... How can you make an VWAP text alert to notify if the VWAP crosses above and below the price line? I have been struggling with this for a while now.

@CharlesSchwab 2 ай бұрын

Hi, this type of alert is not a default feature of the platfrom, but may be able to be built using a thinkscript. We have a thinkscript class that is taught on Fridays at 3:00pm. ^MF

@MyIGNameIsSuperThickVegan 5 ай бұрын

I want TD back!

@marjn1030 Ай бұрын

On some things can you explain think or swim language or vocabulary and features as you go. Thanks!

@mitchellburgejr.9905 7 ай бұрын

Great platform especially for options. 8:54 into video you was kind of hairy. I figured it out though. All in all he explains everything very clear and straight forward.

@christopherwilliams3293 7 ай бұрын

Great vid, but WOW, I guess you guys had to wait 6 months to release this golden nugget.

@CIAragDe 4 ай бұрын

ThinkorSwim 2024!!! I Hope I don't Drown =)

@jerrynation6198 23 күн бұрын

One of the chart items I liked in SSE was that it showed the cost per share as a green line so it was easy to see where the break even point was. Is that available in TOS, and how do you set it?

@CharlesSchwab 22 күн бұрын

Here's a great webcast from Schwab Coaching that discusses the tools on the Analyze Tab: kzfaq.infozEyQT8tS4-c?si=su6qib4PfdZQXUMF ^BW

@nikop2812 7 ай бұрын

This platform blows, what’s up with the flashing tickers how is that in any way helpful?? When Sse is done so will I

@CharlesSchwab 7 ай бұрын

Thank you for your comment and we are sorry to hear about your concerns with TOS, but understand change isn't easy, especially with trading platforms that can take time to get to know. We are doing what we can to ease he transition and hope you give us another try. After watching the StreetSmart Edge to thinkorswim video you might find a live presentation appealing where you can ask and get responses to your questions, real time in one of our webcasts. We host a StreetSmart Edge to TOS webcast every Thursday at 5:00 pm ET. Here is a link to the webcast calendar where you can find that class and more. www.schwab.com/schwab-coaching We also record these sessions and post them on our Trader Talk channel. Check out some of our past sessions where others like you have joined in and asked questions to help them through the transition. ^BC kzfaq.info/get/bejne/fNiPf5ub2cuaY2Q.html

@latitudesatsilverlake6825 5 ай бұрын

The ending of Street Smart Edge and subsequent roll out of this horrendous Thinkorswim is being force fed down customer's throats via Charles Schwab. How could such an institution that has thus far served as great platform for everyday traders have no creative decision makers on their board? Is anyone aware of the artistry and simplicity of Street Smart Edge for stock traders (and likely other types of traders as well)? Was anyone made aware of how user friendly SSE is in comparison to this unnecessarily tedious platform Thinkorswim? This is a major mistake and great diservice to loyal Charles Schwab clients. @@CharlesSchwab

@alimajeed7309 3 ай бұрын

I hope that we will be able to open a trading account and be able to use this wonderful platform.. We do not know why some countries in the world are prevented from registering with Ameritrade, such as countries in the Middle East.

@CharlesSchwab 3 ай бұрын

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

@Judi-qu3hy 3 ай бұрын

A suggestion please! Could the light background be used when doing these tutorials? It is so dark and for some of us, perhaps, unable to follow without starting and stopping and trying to find the way in the dark! Thank you!

@RemYr-ym2bg 5 ай бұрын

Strangely, my new account does not have the top tabs ie Monitor , Trade...... I wonder why.

@audiewilkins9648 Ай бұрын

Mine does not either but I know why mine doesn't. I am on the web version and he is on the downloaded version. The web version is simpler but I will probably go with the downloaded one because there are some settings that I want but on the web version I do not have.

@DeeDee_Says 7 ай бұрын

Is there a tutorial video for thinkorswim on the mac?

@thebicycleman8062 3 күн бұрын

ITS ALMOST IDENTICAL

@user-vc8nd6td9y 4 ай бұрын

Hello I am new to this platform and I do like what i see ,, but my question is where do I find how much I made or loss on a option on this platform , I like to be able to look in my history and find out Thanks

@CharlesSchwab 3 ай бұрын

On the Account Statement on the Monitor tab you can look up any transaction either by date, ticker symbol or both. Change the default days to more than one to go back in time. ^CH

@Jaloja 4 күн бұрын

I LEFT TD Ameriturd years ago to get away from TOS. Its a massive pile of code that has been setup to do everything but be user friendly. This does this here but not there. To many modules setup by to many code writers with no common rules for operation. SSE worked for years for me. First day I tried the new TOS it went down and Tech support didn't have clue..

@TheoriginalBillBraskey 7 ай бұрын

This dose not look user friendly compared to how straight forward SSE works.

@CharlesSchwab 7 ай бұрын

It does have a lot of bells and whistles but really it isn't too bad once you have a bit more exposure. Check into it a bit more. ^BC

@latitudesatsilverlake6825 5 ай бұрын

I'd wager to say the bells and whistles are intentional. SSE was not broken yet some folks at your instituion who perhaps lacked imagination to see the beauty of that platform decided more bells and whistles would fix things, ushering in thinkorswim. @@CharlesSchwab

@N-vo5ou 5 ай бұрын

Give the web app or mobile app a try. They’re a bit more streamlined than the desktop app. The desktop app is designed to be extremely deep for a free trading platform

@TheIrisGray 5 ай бұрын

how do I actually access the thinkorswim website? what is the url?

@CharlesSchwab 5 ай бұрын

Here is the url for thinkorswim download. www.schwab.com/trading/thinkorswim If you are looking for the web verision you can find it here. ^BC www.schwab.com/trading/thinkorswim/web

@jessew8568 7 ай бұрын

Thank god for street smart edge. I don't like this.

@johnp.8339 9 күн бұрын

ummmm...that's the concern

@sutecheu3856 Ай бұрын

please , how can i rollover the option trading ?

@CharlesSchwab Ай бұрын

Can you provide a little bit more information? Thanks, ^MF

@thaothao8324 6 ай бұрын

why cant they make this like tradingview, so much headach. like so old school

@moeafz3370 2 ай бұрын

Is this platform available in Canada?

@CharlesSchwab 2 ай бұрын

You can download the platform anywhere in the world, but if you are specifically a Canadian citizen, the account will have to be an IRA, otherwise you would not be able to do so. ^MF

@jimbill9913 5 ай бұрын

Let's say I'm entering an order to buy a thinly traded stock, BEFORE I hit confirm, and the bid-ask has not changed for the past 20 minutes. Suddenly in the midst of my entering the order (again, BEFORE I confirm) the bid price increases. This has happened to me on SSE over and over and over again. The obvious implication is that someone is front-running my trade before I even place it. It's happened far too many times to be a coincidence. Question: can I expect this same action to happen on Think Or Swim?

@CharlesSchwab 5 ай бұрын

Thank you for your question. Thinly traded stocks can frequently experience erratic movement so there is no telling when one will move or what is causing the change. To discuss your concern with a broker, please call 800-435-4000 or initiate a secure chat session on Schwab.com, available 24/7! ^BC

@nick1234567891231 5 ай бұрын

No Schwab clients opinion taken in account, SSE is hundred times better.

@KarenKefauver Ай бұрын

Can I change background color from black?

@CharlesSchwab Ай бұрын

Yes, you can. Here's our webcast series on Getting Started with thinkorswim. kzfaq.info/sun/PL8a6s5nq1lPTMHmq7rNVIQE9mqyhsxD5I&si=8KJ2X0URj_O7oB-Q ^BW

@sabitali6504 4 ай бұрын

I have problem in my thinkorswim account my tutor Frez USD I can't wedrah the money. Can someone help me 3:44 😢

@CharlesSchwab 4 ай бұрын

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

@p2bxx 7 ай бұрын

Any chance for paper account? Without real account?

@CharlesSchwab 7 ай бұрын

Thank you for reaching out! I am happy to direct you to our service teams for assistance. You can reach a specialist directly by phone using 800-435-4000.

@reelhawksstudio 7 ай бұрын

Yes, at the login screen.

@ljpolo14 5 ай бұрын

Yes

@xicoamc 5 ай бұрын

The platform is an upgrade from SSE, too bad that Schwab are way too lazy or they just don't care about the thousands of customers asking to improve the Hot Keys

@hks2057 7 ай бұрын

Big news! SSE is too old and diffcult to use for me.

@danielsharkoff4013 7 ай бұрын

Sse has way better level 2 and time and sales.. not on the same level at all

@SoupBoo-cp5th Ай бұрын

i have no tabs ????

@END30000 6 ай бұрын

Ooof looks horrendous

@latitudesatsilverlake6825 5 ай бұрын

Exactly. Almost by design. I hope another instituion adopts SSE so I can move there

@opentrunk 3 ай бұрын

If you can learn this you qualify for flying a jumbo jet if the pilot is incapacitated. Instead of TOS they should rename it DFB ---- Doomsday For Boomers.

@CharlesSchwab 3 ай бұрын

Hey opentrunk. We understand there is a lot to learning the thinkorswim platform. The desktop version is the most robust and some might opt for thinkorswim web which has an easier interface. You can find it at: trade.thinkorswim.com/. Also we have weekly classes for the desktop version called Getting Started With thinkorswim. It is taught on Mondays at 3 pm ET. Here is a playlist of the previous classes: tinyurl.com/3eax2ftf ^CH

@sjsxus1 Ай бұрын

SSE is way better than TOS.

@tedgayer336 7 ай бұрын

Such a massive disappointment. I hate that Schwab has forced this on us ffs.

@Icy1256 7 ай бұрын

I'm depressed they bought my TD ameritrade :( It's a loss on both sides

@danielsharkoff4013 7 ай бұрын

I’m disappointed they’re getting rid of streetsmart edge

@aaronthomas6183 6 ай бұрын

@@Icy1256why ?

@evantaft7843 2 ай бұрын

Forced what on you? You don’t have to use this if you don’t want to?

@SenorAhole 2 ай бұрын

ThinkorSwim is garbage. Bring back StreetSmart Edge, simple trade tickets and charts.

@stocknut1967 4 ай бұрын

@CharlesSchwab 4 ай бұрын

Thank you. ^CH

@LemmeHoldaDollarMan Ай бұрын

Day 1: It's already broken !!! My friend can log into their account, but....she has to reconfigure everything, every time. That takes a long time. What a f'n joke.