⚠️Squeeze Pro Discount: bit.ly/SqueezePro Which strategy do you like best? If you need help with when to trail up your stop check this video out! 👉 th-cam.com/video/aRY3i5kYXes/w-d-xo.html
As a new trader, I’m continually impressed to learn about the tools, tips and tricks pro traders use to lock in profits without loosing their minds in the process. Thank you for educating us to keep our profits and our minds!
Why not show in the order entry how to automate it. The order editor has the “trail stop” option then you choose the stop type “Mark or Bid” The Mark has sub options such as ( Last, Bid, Ask, Ask/Bid, Mark and Avg Price). Beside that it has the +/- 0.10 which you can adjust so it’s pretty close to automation. Why not show an example?
you all probably dont care at all but does any of you know a trick to get back into an Instagram account..? I was dumb forgot my account password. I would love any tricks you can give me
Could you do a video on your risk management strategies? Like how you determine the size of your entries and how you calculate your stop loss when entering a swing trade.
Riley, would be very helpful to see how to set these up, especially changing the timeframe of a close to initiate. Can you do one on an OCO with trailing stops?
Thanks for the video! I totally understand the strategies you suggested, I just don't know how to translate them into proper Trailing Stop and/or Trailing Stop Limit orders in TOS. Do you have a "How to Create Trailing Stop Loss Strategies that Maximize Profits" type of video?
I like the theory you present here, Riley, but I am looking more for the actual mechanics of setting up these types of trailing stops in TOS order entry window. When you talk about a previous video early in and point to the upper RH corner of the screen where the tag appears, there are multiple videos that appear in the window and none seem to match what you said. It would also be more helpful if you would put a specific link in your expanded description to the actual trade video you referred to in this video.
New to futures, and never used a stop loss. - If you use a trailing stop loss and had a huge gain, then it hits your last stop loss, you still get all your gains right? Or do you lose all gains if you get stopped out? - I dont get why anyone wouldnt use a trailing stop loss every time. If you get to keep the gains you made before getting stopped.
So generally with these kinds of trailing stops you can't 100% automate it. You need to either put in a limit order yourself that you slowly move up with the stock or you can have an alert set where you want to sell the stock and get an alert sent to your phone so you don't have to look at the stock charts all the time.
Trying to understand it better. You mentioned using 8 EMA for trailing stops. So if a trade goes below 8EMA, we should put stop. If your example, trade went below 8 EMA couple of times. Will you put stop at the first occurrence itself, or do we have some strategy on that too? If we put stop on first occurrence, then we will miss lots on upside in your example trade. How we know when to use 8 EMA and how?
Thanks for the great videos Riley! I'm wondering -- like in the Boeing example, if you have a stock that's trending strongly, do you actually trail a stop exactly at the previous day's 8 EMA level (at close), or do you set your stop something like 1 ATR below the 8 EMA? Seems like having a stop directly on the 8 EMA would get stopped out too much. I'd love to know your preferred settings from experience.
Thanks For your videos , they are the best by far....I have an issue with Trailstops they don´t work properly on Demand conditions, Did it happen to you? Thanks
great info...If TOS can automate stop losses based on conditions( extensions, say 9 day ema that would be amazing) PRTS has been a beast and grown 6x in 4 months and wonder if you have differnent stratagies for those and automation ....Like you said non-emotional trading is best
I have been studying the 8 exponential trade potential. What time frame do you usually trade for these type of trades? What is the type and size of the stop you setup? I really like all of your videos Thanks
Good video, thanks for these. Question. How do you decide where to place your mouse when you draw the fib sequence? Seems those tiers are vital to showing support/resistance levels, but how do you decide where to actually position the fib rows? Second, you do have a video that explains what the TOS trailing stop % and trailing stop $ are, and how they are used?
Drawing fibonacci definitely takes practice! Its generally from the most recent significant high to the lowest low after that. This video should help with that if you want more explanation. th-cam.com/video/Xl8fz-n-Vk4/w-d-xo.html For trailing stops I do have a video on creating them and some information throughout about them. If you have already seen the video I know there is some good information in the comments if you look through there too. th-cam.com/video/ZO1S-jX3wh0/w-d-xo.html
Can you set a trailing stop lost after having shares already or only when buy at a strike price? I have shares of nio and thinking about 20% trailing stop lost? What you think? Please
Hey Riley, you mentioned setting a trailing stop based on the 8 EMA. Can you explain how you would execute that stop order? for example I might buy a stock at the 8 EMA and set my stop 50 cents below. Then I want my trailing stop to say 50 cents below the 8 EMA and not the current price. Thank you for any help you can provide.
What is the ideal dollar amount or percentage to set your trailing stop, in order to not get stopped out while the market might be choppy before it makes its move?
I would like to draw the fibo on the reverse so the more we get into the trend the trailing stops gets closer. also, the idea that it came back to the support level to take your stop is not acceptable. i would ideally want a clear rule like ...... to trail to a level when price breached the next level.
Are you able to use bracket or advanced orders in TOS to actually set these different trailing stop strategies up when you are in a stock? I watched your other video but its just your basic trailing stop, none of them show how to set the 8EMA or Fibs as a marker for TOS to know when to sell or buy on the stock.
How do I change the Quantity Buttons on my ToS platform? Right now they are 100, 300, 500, 1K and 2K. I want to change those amounts. Do you have a video on it or can you tell me quickly?
I bought 10 shares and I want to sell 2 shares at 7% 2 shares at 15 % gain 2 shares at 22% gain and the rest 4 shares a Trailing stop at 15 % but I like also to put a trailing stop of my 10 shares at 15% in case the market turn down right away . Can I do that ? Is there a way to do that ? my broker won't let me do that . thank you for help
can you readjust a Trailing Stop..example, if you have a wide stop on a Call and the stock keeps pushing up...Can you reduce the percent lets say from 20% to 10% ?
You can't set it up to automatically move to those locations you have to move it up manually yourself. So I just use a stop loss order initially then move it up as I see the levels change or it pass through levels.
@@RileyColeman Well... yes and no :D If you're trading manually on one of these platforms, then no, you can't do it automatically. Hell, many don't even offer percent-based trailing stops. If you're algo trading, however... everything can be automated. I realize the video and discussion isn't really about algo trading, but just wanted to throw that out there.
Yes you can! If you look at the stock on charts and you see the trailstop you can right click and click adjust/cancel this will price the trade bar back up and you can change how much you want your trading stop. You should be able to find it also in the active orders tab and right click and adjust it form there if you want too.
Riley Coleman nice!!! I’ll practice this in the paper trade mode. I don’t wanna screw up a real trade. That’s awesome news! I thought they were permanent set
Hey, can you set up the level that it sells at ( mkt, last, bid, ask) as opposed to where it triggers at? And for an option, can you get it to use an underlying price instead of the option price? I haven't been able to get it to trigger where I want it to.
Simple moving average takes each data point or candle and sets an equal weighting to it when forming the SMA line. An exponential moving average takes the most recent points of data and gives more weight to them. What this does for the lines is a EMA line will react to movement quicker in a stock and a SMA will be slower to react. There isn't time frames that the different lines work better in it's more about preference of what you want.
Hello.! please can you make video how to sell stop loss on robinhood, i tried to find out all these youtube videos but all these guys su...cks none of explain how to sell options stop loss on robinhood. what should price i put on stop price... and stop limit? % or amount?. Thank you i really appreciate you.
When trading options I don't like to use a trailing stop on the actual option because the price of options can be harder to set a trailing stop on when trying to use the chart as a trailing stop. But if you want to I'd just have a trailing stop that is a certain % of the stock that allows you to keep a decent amount of profits if the stock decides to go against you but also gives you wiggle room.
@@RileyColeman It's been over a year since you posted this, but do you have any percentages that you'd recommend to set up the trailing stop at? thanks
It seems like brilliant logic and as a newbie, I ask: do you have different moving averages set up that defines a trend per certain stocks? .... I bought a course who uses price action with two ema's and a target that uses a ("stop-limit order" as an entry) plus a("use limit order" as a reward), plus a ("stop market order" as the stop). His idea is more for day trading in the first several hours. Any ideas to improve on this concept, I would sincerely appreciate it! ....I am using the Think or Swim platform.
Hey Mike, I don't have EMAs for certain stocks I like to stay consistent with the same ones generally. A little lost on what you're asking for the strategy ideas maybe a bit more information on what you're trying to do would help.
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⚠️Squeeze Pro Discount: bit.ly/SqueezePro
Which strategy do you like best? If you need help with when to trail up your stop check this video out! 👉 th-cam.com/video/aRY3i5kYXes/w-d-xo.html
As a new trader, I’m continually impressed to learn about the tools, tips and tricks pro traders use to lock in profits without loosing their minds in the process. Thank you for educating us to keep our profits and our minds!
Why not show in the order entry how to automate it. The order editor has the “trail stop” option then you
choose the stop type “Mark or Bid” The Mark has sub options such as ( Last, Bid, Ask, Ask/Bid, Mark and Avg Price). Beside that it has the +/- 0.10 which you can adjust so it’s pretty close to automation. Why not show an example?
Please do as this request
you all probably dont care at all but does any of you know a trick to get back into an Instagram account..?
I was dumb forgot my account password. I would love any tricks you can give me
What if I use the $ trail stop on a $7.50 stop if I want the stock to stop at .25 do I put .25 or. $7.25 ?
How do you actually implement the trialling stops? How to enter them in TOS?
Could you do a video on your risk management strategies? Like how you determine the size of your entries and how you calculate your stop loss when entering a swing trade.
@@RileyColeman please do that. i need to learn that too!
Riley, would be very helpful to see how to set these up, especially changing the timeframe of a close to initiate. Can you do one on an OCO with trailing stops?
Thanks for the video! I totally understand the strategies you suggested, I just don't know how to translate them into proper Trailing Stop and/or Trailing Stop Limit orders in TOS. Do you have a "How to Create Trailing Stop Loss Strategies that Maximize Profits" type of video?
I like the theory you present here, Riley, but I am looking more for the actual mechanics of setting up these types of trailing stops in TOS order entry window. When you talk about a previous video early in and point to the upper RH corner of the screen where the tag appears, there are multiple videos that appear in the window and none seem to match what you said.
It would also be more helpful if you would put a specific link in your expanded description to the actual trade video you referred to in this video.
Hey Michael sorry about that I will make sure to change that. Here is the video I believe I was mentioning. th-cam.com/video/ZO1S-jX3wh0/w-d-xo.html
New trader here, and a new subscriber. This video was published months ago. Wish I have watched it early. Good tutorial, thanks!
Ur video quality is super nice mate. keep it up
Thanks so much! I appreciate the quality videos!
New to futures, and never used a stop loss.
- If you use a trailing stop loss and had a huge gain, then it hits your last stop loss, you still get all your gains right? Or do you lose all gains if you get stopped out?
- I dont get why anyone wouldnt use a trailing stop loss every time. If you get to keep the gains you made before getting stopped.
Thanks Mr Coleman-your a great teacher! I have been learning from you all day
You're welcome!
Would love a part two showing how you set and adjust these stops in Think or Swim.
So generally with these kinds of trailing stops you can't 100% automate it. You need to either put in a limit order yourself that you slowly move up with the stock or you can have an alert set where you want to sell the stock and get an alert sent to your phone so you don't have to look at the stock charts all the time.
very helpful!
Great explanation bro thank you
Did you actually say how to enter these diff stops in TOS? That’s what I was waiting on
Exactly😂😂😂
nope. lame
Agreed!
There is no way to make a stop execute according to an indicator. That would be a bot
Goto the Education tab => Learning Center. Put in the search field 'Fibonacci levels'. It's all there.
Trying to understand it better. You mentioned using 8 EMA for trailing stops. So if a trade goes below 8EMA, we should put stop. If your example, trade went below 8 EMA couple of times. Will you put stop at the first occurrence itself, or do we have some strategy on that too? If we put stop on first occurrence, then we will miss lots on upside in your example trade. How we know when to use 8 EMA and how?
Thanks for the great videos Riley! I'm wondering -- like in the Boeing example, if you have a stock that's trending strongly, do you actually trail a stop exactly at the previous day's 8 EMA level (at close), or do you set your stop something like 1 ATR below the 8 EMA? Seems like having a stop directly on the 8 EMA would get stopped out too much. I'd love to know your preferred settings from experience.
thank you, for the first time i now understand how Fibonacci levels work
excellent video, please keep them up my friend!
Thanks For your videos , they are the best by far....I have an issue with Trailstops they don´t work properly on Demand conditions, Did it happen to you? Thanks
great info...If TOS can automate stop losses based on conditions( extensions, say 9 day ema that would be amazing) PRTS has been a beast and grown 6x in 4 months and wonder if you have differnent stratagies for those and automation ....Like you said non-emotional trading is best
Excellent video thanks
I have been studying the 8 exponential trade potential.
What time frame do you usually trade for these type of trades?
What is the type and size of the stop you setup?
I really like all of your videos
Thanks
Good video, thanks for these. Question. How do you decide where to place your mouse when you draw the fib sequence? Seems those tiers are vital to showing support/resistance levels, but how do you decide where to actually position the fib rows? Second, you do have a video that explains what the TOS trailing stop % and trailing stop $ are, and how they are used?
Drawing fibonacci definitely takes practice! Its generally from the most recent significant high to the lowest low after that. This video should help with that if you want more explanation.
th-cam.com/video/Xl8fz-n-Vk4/w-d-xo.html
For trailing stops I do have a video on creating them and some information throughout about them. If you have already seen the video I know there is some good information in the comments if you look through there too.
th-cam.com/video/ZO1S-jX3wh0/w-d-xo.html
Can you set a trailing stop lost after having shares already or only when buy at a strike price? I have shares of nio and thinking about 20% trailing stop lost? What you think? Please
Hi, i know this an older video but can you tell me what made you jump in boing at this level? Like your videos, clean, simple, relax. Thank you
Hey Riley, you mentioned setting a trailing stop based on the 8 EMA. Can you explain how you would execute that stop order? for example I might buy a stock at the 8 EMA and set my stop 50 cents below. Then I want my trailing stop to say 50 cents below the 8 EMA and not the current price. Thank you for any help you can provide.
Very nice presentation, slow and calm and well said. Congrats!
Thanks!
I love your intro and your channel is growing well! Congrats :)
:D Thanks! Yeah making the intro was fun! Luckily I had a friend good with film editing!
What is the ideal dollar amount or percentage to set your trailing stop, in order to not get stopped out while the market might be choppy before it makes its move?
Thank you for the Great Information !
You're Welcome!
Great Vid. Just unsure where to set my FIB
how do I add fib extensions into my. studies on tos ? Thank you
I would like to draw the fibo on the reverse so the more we get into the trend the trailing stops gets closer. also, the idea that it came back to the support level to take your stop is not acceptable. i would ideally want a clear rule like ...... to trail to a level when price breached the next level.
Are you able to use bracket or advanced orders in TOS to actually set these different trailing stop strategies up when you are in a stock? I watched your other video but its just your basic trailing stop, none of them show how to set the 8EMA or Fibs as a marker for TOS to know when to sell or buy on the stock.
I honestly don't think you can set up a trailing stop on an EMA. I haven't dived into it to really try to figure it out but I don't think you can.
Is there way to which a stop loss order would automatically be sent in at the low of the previous candle? That would help tremendously
How do I change the Quantity Buttons on my ToS platform? Right now they are 100, 300, 500, 1K and 2K. I want to change those amounts. Do you have a video on it or can you tell me quickly?
Another good video
What type stop should I be using for quick intraday futures trades?
Probably a price action or EMA stop
I bought 10 shares and I want to sell 2 shares at 7% 2 shares at 15 % gain 2 shares at 22% gain and the rest 4 shares a Trailing stop at 15 % but I like also to put a trailing stop of my 10 shares at 15% in case the market turn down right away . Can I do that ? Is there a way to do that ? my broker won't let me do that . thank you for help
Good 1 Riley- congrats on the subscribers too - almost at 200!
Thanks! Yeah should hit it this week! Growth seems to be steadily climbing! Hows your channel going?
That's awesome. My channel o.k. - getting views but only at 15 subs. Only been doing it for about a month and a half though- started at end of August.
Nice! Its definitely a marathon not a sprint!
can you readjust a Trailing Stop..example, if you have a wide stop on a Call and the stock keeps pushing up...Can you reduce the percent lets say from 20% to 10% ?
Great Video! This is hands down the best trailing stop video on the web! Excellent job!
Great info
how do you set up these ema and fib trail stops, is the setup different than general trail stop or trail stop limit?
You can't set it up to automatically move to those locations you have to move it up manually yourself. So I just use a stop loss order initially then move it up as I see the levels change or it pass through levels.
@@RileyColeman Well... yes and no :D If you're trading manually on one of these platforms, then no, you can't do it automatically. Hell, many don't even offer percent-based trailing stops. If you're algo trading, however... everything can be automated.
I realize the video and discussion isn't really about algo trading, but just wanted to throw that out there.
When (time of day) to Trailing Stops adjust? It appears to adjust UP minute by minute. But when does it adjust down? Never?
It doesn't adjust down bro. It wouldn't make sense to adjust down.
Can you place automatic stop loss on Fibonacci level rather than manually looking at it everyday?
You can for trading shares but not options.
Great Video
Thanks for sharing. How to close a options base on the underlying trailing stop for 5% ?
I don't believe you can set it up for just 5% of the stock price you would have to calculate what 5% is then set it based on that.
Thanks for the training. Question... we can adjust the trailing stops as the stock is live? Also we can set trailing stops on the daily chart?
Yes you can! If you look at the stock on charts and you see the trailstop you can right click and click adjust/cancel this will price the trade bar back up and you can change how much you want your trading stop. You should be able to find it also in the active orders tab and right click and adjust it form there if you want too.
Riley Coleman nice!!! I’ll practice this in the paper trade mode. I don’t wanna screw up a real trade. That’s awesome news! I thought they were permanent set
How do you setup a 8 ema dialy on td Ameritrade
Hey, can you set up the level that it sells at ( mkt, last, bid, ask) as opposed to where it triggers at? And for an option, can you get it to use an underlying price instead of the option price? I haven't been able to get it to trigger where I want it to.
What's the difference between the SMA and EMA? Are there particular time frames where one is better than the other?
Simple moving average takes each data point or candle and sets an equal weighting to it when forming the SMA line. An exponential moving average takes the most recent points of data and gives more weight to them. What this does for the lines is a EMA line will react to movement quicker in a stock and a SMA will be slower to react. There isn't time frames that the different lines work better in it's more about preference of what you want.
@@RileyColeman thank you very much!
What platform/brokers have trailing stop orders thanks.
Charles schwab
My thing is it typical to set a trailing stop loss for low float penny stocks?
Is that a question?
Yes
Very cool, thank you for taking the time to share this!
Hello.! please can you make video how to sell stop loss on robinhood, i tried to find out all these youtube videos but all these guys su...cks none of explain how to sell options stop loss on robinhood. what should price i put on stop price... and stop limit?
% or amount?. Thank you i really appreciate you.
Great practical example for how to use the 'Fibonacci levels'. Thanks.
Hi could you advice how we can use trailing stop order when selling naked puts to maximize profit?
When trading options I don't like to use a trailing stop on the actual option because the price of options can be harder to set a trailing stop on when trying to use the chart as a trailing stop. But if you want to I'd just have a trailing stop that is a certain % of the stock that allows you to keep a decent amount of profits if the stock decides to go against you but also gives you wiggle room.
@@RileyColeman It's been over a year since you posted this, but do you have any percentages that you'd recommend to set up the trailing stop at? thanks
Great video Riley
Thanks so much! How does the new camera look?
Looks good. if i were to be picky I would say that the light looks a little bit bright on your face but apart from that all good.
I just brought it my setting to 1080. The picture quality is lovely. Nice Crisp picture.
Awesome thanks for the feed back!
Another excellent video. Thanks.
Thankyou
Hi Riley, which software do you use to put arrows and write on the screen?
It looks like he's using the drawing tools built into Thinkorswim.
What about using the Active trader to set trailing stop loss?
I don't believe you can use active trader tab to set a trailing stop loss.
@@RileyColeman I believe you can I am done it in the past.
Whats the name of this software? How can I get one?
The trading platform? Its thinkorswim from the brokerage TDameritrade.
It seems like brilliant logic and as a newbie, I ask: do you have different moving averages set up that defines a trend per certain stocks? .... I bought a course who uses price action with two ema's and a target that uses a ("stop-limit order" as an entry) plus a("use limit order" as a reward), plus a ("stop market order" as the stop). His idea is more for day trading in the first several hours. Any ideas to improve on this concept, I would sincerely appreciate it! ....I am using the Think or Swim platform.
Hey Mike, I don't have EMAs for certain stocks I like to stay consistent with the same ones generally. A little lost on what you're asking for the strategy ideas maybe a bit more information on what you're trying to do would help.
I wish I could understand this.
I thought trailing stop is to set the amount of cent or Dollar to get out
I generally is.
You can set the exact dollar amount, the number of points or the percent in street smart edge. I'm not sure about think or swim.
For the love of God, fill in your green candles
He's a better salesman at x1.25 speed
Them eyebrow gains though
This vid was one giant question. Inflections dude, inflections