How to Create Stop Loss Orders on ThinkorSwim (Full Course)
In this video is a full step by step tutorial on how to place stop loss orders within ThinkorSwim
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In this video, we dive into the importance of stop loss orders and why they’re essential for protecting your trades from unexpected market moves. A stop loss can save you from significant losses by automatically exiting a trade when the price reaches a predetermined level. But there’s more than just a simple stop loss—ThinkorSwim offers advanced features like one-click bracket orders and custom stop loss orders based on study functions to further enhance your risk management strategy.
You'll learn:
The basics of why stop losses are critical to a solid trading plan.
How to set up bracket orders so your stop loss and profit target are placed simultaneously when you open a trade.
How to use custom stop loss orders based on study functions like RSI or moving averages, providing dynamic protection that adapts to market conditions.
Whether you’re new to ThinkorSwim or just looking to optimize your risk management strategy, this tutorial will show you how to take full control of your trades. Protect your profits and limit your losses with these powerful tools!
0:00 - Intro
0:43 - One Click Stop Order
2:05 - Custom Entries with Stops
2:40 - Take Profit and Stop Loss Bracket
3:24 - Stop Orders for Shorting
3:53 - Custom Condition Stop Loss Orders
4:44 - SMA Stop Custom Condition
8:05 - Custom Rules Setup
9:25 - Moving Average Crossover Stop Order
10:08 - RSI Stop Loss Order
10:34 - ThinkScript Custom Stop Orders
11:19 - ATR Stop Loss Order
11:53 - DayTradingStrategies.Net
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