Thinkorswim multiple profit orders reddit

Thinkorswim multiple profit orders reddit. Sounds like what you want - The first order in the Order Entry screen triggers two OCO orders. I am just starting out and configuring the platform. You can run multiple instances of Thinkorswim desktop and have an order confirmation window open in each. 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. But your account value goes down bc you took a $30 loss overall Figured this was a worthy companion to u/c5dm recent post on creating bracket/OCO orders. 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. This point, the ONLY thing I might move is Profit taker LMT order, in case I am seeing bigger potential or reversal. These boxes cov Charles Schwab shown cost basis as 94. Open the Active Trader tab and review the Template drop-down. I have an existing position of 66 shares. I really need the orders to auto-send with one click. These will show on the dom. You just paid $65 to buy the options, and then $65 to sell options. Trying to figure out how to create option sell order take profit 20% using thinkorswim order entry tools. I of course then tried to make it back which made things worse. Select "OCO. 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 First, create your stop loss like normal and save/submit - easy. Put multiple take profit orders. You can buy in with limit orders or stop limit orders like normal by clicking on the left or right side of the price. So Pro has an OCO… but it is more like your buy order is triggered and then there is a stop loss and a percentage sale. I have lost too much money on a 0dte on limit orders. I currently have the -15% trailing stop set up for my auto call or put sell orders. 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. On the ToS app, when you go to trade, scroll to the bottom and select "Create Advanced Order". 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. 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. The best platform also depends on how you trade - long, swing, day, scalp. If you have already purchased the shares or option and you want a Stop Loss and Profit Sale order Pro calls that OCA I do need to stress that I usually try for a fill at market instead of limit. This is essentially a, "1st triggers 2 OCO" order, but after the 1st order has already triggered. 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. 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. 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. And if there is consistent experience/profitability between that of demo vs real scenario. Makes ZERO sense. If I sell an Iron Condor for a credit of 3. You can set it for example that once you hit buy, it puts a stop loss at what you specify. Doesn't seem to make a difference whether or not it's a market or a limit order. 0dte options are best to be sold as a market order. There is a save order button on the order confirmation dialog and a saved orders tab under order entry tools. I am wondering if anyone has been having problems with their orders not going in the active trader. 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. It hasn't filled any of my other options orders and absolutly none of my Forex orders. - 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 Hello, I am trying to use ThinkorSwim for day trading. I’m not certain how realistic the order filling system in a “live” environment compared to that of a demo account. Example: The stock is at $1. Share Add a Comment 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 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. " 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? Say you buy 100 options and then sell them for $100 profit. Whenever I use the quick buy buttons in the "Active Trader" window, I get notification boxes that pop up whenever the order has been filled or rejected. This is perfect for scaling Yes you can. ToS wil break up your 20sh long order into (2)10sh orders, one to close the 10sh short, and one to open 10sh long. Yes you can. You can setup ToS to trade options faster using the Active Trader sidebar and the Linking capabilities of ToS. Under "Order Rules," conditions are limited to "Any" not "All," so he doesn't quite fit with the multiple conditions in this case. 90 and some at 95. You can also do OCO order which will also set a stop loss and take profit and cancels the other once one is filled. They can be set up as brackets, if you're multi-lotting. 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 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. But you only made $100 worth of profit. (This aspect probably sucks the most). But I want to do this for a stock that I already currently own and I just can't seem to do it right!! First things first; I never said TOS was the best platform to trade on & not everybody’s trading style is going to be the same as yours. Ex. The first order in the Order Entry screen triggers two OCO orders. 00. I hope its at least helpful to one of you. . -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. You set a take profit and stop based on points or $ or percentage for your initial take profit contract and then your runner. For example, first buy 200 shares of stock. 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. 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. 75R, and 4R. Need a little help with creating a custom order for the first time. In today’s video we’ll be Yes you can. Personally, i NEVER have a trade on without an instant stop in place. It puts a bracket in with your exact profit target (limit) and stop loss (or trailing stop) set the instant your order fills. 50? With individual stock, the OCO order is very good at this. I use active trader every single day. 5 out of 10 to deal with multiple platforms. In there you can set up bracketed order templates so say your buying two options contracts. This only works in a more liquid market like ES. 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. Two notes: Where you select your order type, go to Template and select "TRG w/2 brackets". Set a limit order for 20 points with a conditional order on the option itself if the bid is 19. 30 and it never filled. S. The best way around this for QUICK trading is to trade in multiple lots in active trader. I placed a stop limit that sat in my working tab and did not execute. 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. The thinkorswim software is excellent but can experience delays, especially over the public internet. OCO, or, One-Cancels-Other (sometimes called bracket) orders are exactly what you’re looking for. Once Price hits 2R, ADJ STP will move to close to 2R with trailing X% STP order, pegged to the price. 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. 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. The stop loss triggered closing out the position then this morning the other order was still open and it filled causing even more loss. 50 or higher. You can also set orders for multiple stops / sells. Is there any way to do this? Taking partial profit on an order is a pain, especially when using a stop loss. Trying to figure out how to add 20% take profit as well to OCO advanced order template. On your active trader, click the drop down box where it likely says, “single order”. 50 its going to send the limit at 20. Put on your stop loss and pick a divisor (10 when buying in 100's for instance). Under Advanced Order Types, "First Triggers Sequence" sounds like it would work, except "First" refers to an order, not a condition. then put on multiple orders to buy, and then when selling you can take profit on those lots as you go by canceling a stop first. They can be separate orders or joined together as OCO. 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. But it’s not convenient if you need to act quickly. Anything similar for multi-legged options? The key here is that this is a stock I already own - I know there's the bracket orders which I can use for new trades and set these profit/loss limits at the time of purchase. Then trigger a “bracket” order to sell your shares in two 100-share OCO orders. I don’t think what you want to do is possible. 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. this happened yesterday. If the stop gets hit, the "take profit" order is cancelled, and if your "take profit" order is hit first, the stop is cancelled. In this example I'm buying 300 shares of a penny stock. 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. A separate order then is created for each account with the selected quantity. I assume the web version did a well, but over never looked. Hi all. If I miss the limit order and try to cancel and go for another limit order it's too late. ex. Once your buy order goes through it will send two separate brackets automatically. 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). 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. So your P&L shows 100 in the green. 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. And yes, the trigger order sets exactly what you want. It’s just gonna close one at a stop while the other at a profit right? Being a straddle…. I place a Stop buy order at $1. Choose "create duplicate order. They can be set up as order templates that go in with the original order, of done after the fact. I use both and Fidelity actually has one sneaky dope feature that I don't think many people know about. You can simultaneously submit orders across multiple accounts using Thinkorswim desktop by creating your order in the order editor, selecting "Multiple Accounts" in the order confirmation dialog, choosing how to split the quantity across accounts and clicking Send. The trigger order will put a stop and take profit. Add two orders and individually create a limit sell order to close and a stop loss to close. Our founders and team read every post, so please be respectful and let's have constructive conversations. You can do a multiple bracket order. The mobile app does a well, but I rarely trade from it. Next create another order and under Advanced Order select 1st trgs Seq - this will be our scaling order. 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. " At the far left look for a box that says Advanced Order. 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. How would I do that? I’m trying to trade using a single stop loss and three take profit orders set at 1R, 2. Buy 10 XYZ @ Market - 1A. 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%. You want an order with 3 brackets, or two, or whatever will work. That will bring up the Order Confirmation Dialog box. Hit "edit. To scale an order, first you'll want to make sure you're properly sized. 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. When you're done submit the order and it'll submit all three as a group. But if one of my limit orders hit, I want my stop loss to still work until my second take profit hits. 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. 00, what is the best way to set up a stop loss order of 6. 95 OTC fee three times? Yes. It will then open up 4 lines: one with a sell limit order of half your buy quantity at a bit above your sell price, one with a sell limit order of half your buy quantity at twice as high as the first one, and two stop limit orders (one for each half-order). From there select "1st trgs OCO". If you want to create orders but not submit them, you can save them. " Change one of them to "stop. 00 and a take profit closing order of 1. I have a gtc sell stop in place. The photo below shows my full setup, but I wont be explaining any indicators as this post is mostly abo Search for thinkorswim beginner and thinkorswim training videos or thinkorswim beginner tips on YouTube. 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. 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. Next under the Template drop-down menu, you can select "TRG w/2 brackets" in order to sell half your order at one TP and the other half at a different TP. This cost me about about $1000 before I could change the order. e. Once the bid on the option hits 19. I switched to DAS, but I’ve been busy trading futures on another platform so I haven’t used it yet. Also, during periods of broader market movement, the market data can be delayed; typically, order routing stays stable (opening spin is always a challenge) most of the time, though messaging is through a common bus, so getting the fill notifications can be delayed. Buy/sell LMT + Adjustable STP (1R) + Profit Taker LMT (4R). ” Then change it to your liking I'm new to Think or Swim and I'm doing a lot of practicing in the On Demand feature. Taking into account dealing with multiple platforms, for each function, you are back at a 8 or maybe even a 7. This is a community for requesting new features, helping others, and asking questions about TradingView. You can save the order with the percentages. Any suggestion would be really appreciated, thank you! For example, I currently hold 10sh short, and I wish to reverse to be 10sh long by placing a limit order for 20sh long. Like if you bought 100 shares, you could have a stop loss, or a sell order to sell 50 @ 3% and 50 @ 5% I’m aware about OCO and TRG w/multiple brackets. ) i had a limit sell order on an options contract at 15. Click on the Advanced Order button and load each choice so you can see what they really mean. I dabble in all four and thinkorswim does fine and probably the best across multiple trading styles. 10. i. In a demo account the order get filled within seconds. Yet the transaction page shown 95$ for that 100 shares. when the first order is executed move to the next in the sequence. I have a stock. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. Look into bracketed orders, or OCO. Second, in order for your hot keys to work properly you have to have the active trader highlighted (clicked on) and what ever position size you have filled there it will sell/buy that much. 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). " 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. Fills were fine, I scalped successfully with it, but I still haven’t compared it to anything else. firm in 2008. It would make sense for partial fill, but filled at the limit order. Once you click, it opens to the Order Rules window. the stock pushed up way beyond the limit order and the bid premium was about 15. 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. It will be about 7 orders. vvia itr yupjz ghd shfnuv xjimq gdontc ujsgu iwju fhk