This is actually amazing, some people out there are explaining this so hard and using difficult terms while you explain it perfectly in a few minutes. Thank you so much!
Hi! I am intelligent, educated, with gifts… but never had courses in finance, economics or business. A lot of crypto videos do not bother to teach basics; if they explain, they do so as if they think most of their audience already knows the info. You are the 1st person I have heard explain this material clearly, in a way that makes sense to a beginner, and at a pace that is reasonable and digestible. I will rewatch and take notes, but I think I finally found a channel I can learn from. Thank you. There is a veritable myriad of crypto fanatics doing videos, and they all understand one another; however, being good at something or having a favorite pastime does not necessarily mean a person can teach or impart the same to others. If your other videos are like this one, you are an excellent teacher. Thank you for taking the time to help others gain clarity with these basics.
This was the ONLY clear resource I found. Much like other people in the comments, I scanned the internet, videos, and physical study materials... to no avail. This was perfect. THANK YOU!
ORDER Types is one of the most confusing topics I've come across, since starting to learn about Forex trading. I watched like 6-7 videos on this, but only 2 gave me a clearer explanation. And this is one of them. Thank you so much, sir!
I'm studying fro the series 7 and nothing was sticking but your explanation was dynamite and I got it. Keep doing these! You have a great way of explaining!!!
Wrote in Youtub "limit order vs stop order" and your video came up, really simple and quick way of explaining something tricky. Another new subscriber!!
Great video. Thanks. Let's say I bought stock at 10$ price and I want to exit when it goes up to 12$. Also I want to exit when when it goes down to 8$. What orders should I choose?
@rockwelltradingservices I need clarification just to be sure I understand. In the above scenario posed by @Apolloyvr are you setting 2 separate trades? Eg 1) Buy long, @$10 a stop entry (& set SL @$8) 2) TP is a Sell limit order @$12, SL can be changed on an open position without another separate trades, correct? Or am I setting up a 3rd trade to establish the SL Sorry for the dumb question, and thank you for sharing your gift with others! ❤
Yes this video was helpful Thank You. Wish I saw yesterday. I was at $12,000 on a stock and then it dropped down to a little over $4,000. New to the game, have a lot to learn!
Much easier to understand than the Tastyworks video where they just 'say' do this, do that rather than show specific examples which you have done. Well done. By the way I loved your vocal on "How deep is your love" and "Stayin' Alive" LOL
Thanks Markus! This was very helpful! I looked at 3 videos before yours and couldn't understand the difference but you really made it super easy for the average person like me!
That is awesome to know. ;) Is there something you want to know more about? Let me know, I might be able to send you the link to the specific trading-related topic.
Thank you so much for the simple explanation! I read through the power x strategy and missed that I should be using a stop order for entry and exit. This video explained so much!
While doing my own research and this quick explanation was really helpful to comprehend the movements of stock markets. I'm strategically working on this!😁
How do you set a STOP for the stop loss and a LIMIT for the profit target at the same time? ThinkorSwim only allows one pending order so I keep the stop loss in place.
Hi Markus I apperciate your short and very simple and clear explanatio that I can get the concept, I watched many times video but it wat the same and could not understand thank you very much
Thanks a lot, only your video could helped me after watching so many videos about orders! But for entry if you mentioned at shortcut buy is STOP, does it mean BUY: STOP LIMIT or BUY: STOP LOSS, or BUY: LIMIT ORDER? I’m confused with my broker apps selection🙏🏻
It seems I need to do another video. You actually have three options: BUY STOP BUY LIMIT and BUY STOP LIMIT. I’ll do a follow up video very soon. Stay tuned.
😊 You are welcome! I am glad that this helps! By the way, if you are curious about the tools that Markus's use you can check that out here powerxoptimizer.com/. You may reach out to Cristy at suppport@rockwelltrading.com for more information.
I am a old German and Markus is an Excellent Trader and second, a wonderful English teacher. Both is Perfect. Danke Markus, für deine sehr detaillierten klaren und nachvollziehbaren Erläuterungen zu diesem Thema und allen weiteren Themen. Ihren Bruder, den ich ein paar Male in Zürich und Hamburg während eines Seminars zuhören durfte, schätze ich auch sehr. Beide Meister ihres Faches.
I don't completely understand using a limit order for profit target. Wouldn't it trigger immediately after the order filled on a rising stock? Or was it a stop limit order? Great explanation on the basic order types
This is the best video about this subject I´ve found so far... even like this I gotta say I didn´t understand it very well... If for example I want to buy AAPL in a limit order of 100, it means that the maximum priceI want to buy is 100. It makes no sense to me... why not to buy it on time at market price? When is it gonna be bought if the maximum price is 100? That´s extremely confusing
Greed and fear are the dangerous emotions when trading. To avoid those you have to set a limit. Sure you can adust it to maximum price but that will also put you in higher risk. So always limit your loss and take small but consistent profit.
Markus, I was actually looking for this exact question. To rephrase it: I don't understand why place an upper/higher limit to buy the stocks? I'm thinking we want to buy them as cheap as possible, so maybe put a lower limit, for ensuring their price dropped enough, when they are bought.
Jesus, this was such an easy explanation. Wasted so 2 hours on watching videos from these so called "traders" using so much financial jargon and not being clear in their explanation, but I find this video and I can understand these 2 simple orders in 4 minutes. How can these people make such a simple thing so complicated??? I swear to god, some people have the annoying ability to write a 5 pages essay on way 2+2 = 4.
Thank you for explaining the REASONS behind these types of orders as opposed to the simple mechanics. The concept is always easier to remember than the specifics. Thank you!
Very useful , excellent and simple instruction for something that can cause a headache to undestand and to cause more headache after losing some money :) ! Big thank .May I ask a question please? ? Larry Swing in his book suggest " 6 cents (1/16) above the previous day’s high". Does he mean 1/16 of share price or what? how much over price of the last do you put your order and what is it based on?
Thank you so much for the explanation. Much better video than the current top result. It seems that for my type of investing (dollar cost averaging into index ETFs), a stop sell order would the most useful to me to exit completely if the market really goes south. I also actually use market orders a lot, whenever my paycheck comes in just to add to my portfolio immediately.
Does your calculator take margin into account? on a 10k acct --for HTZ it says 50 options at a 2 put but ea option requires $205 margin, so do you keep a sep acct for your margins? or do you cut your options in hAlf to cover margin?
Good question and this brings up a great point. With lower priced stocks you do need to have the FULL cash secured amount. We've adjusted the Put Calculator to reflect this (it will be available later in the day on Thursday to download).
@@rockwelltradingservices thank you so much! That’s perfect!! You rock! Just one more favor I would like to ask:I just bought the power X optimizer last week and I love i! however I use IBKR broker like you, so could you place a training video on the members site showing how to trade options and stocks on IBKR like you did on TOS. I know only how to sell put options on it bc I took your theta class. I also bought your power spread strategy. But I don’t know how to apply the options on power X to IBKR.
Hi! We do not have telegram but you may reach us through Markus Heitkoetter official Facebook account facebook.com/markusheitkoetter/ or Instagram instagram.com/markusheitkoetter_/
I have a question . I have a stock at .50 cent. I want to sell at .85 cent and set a stop loss at 65 cent. My question is if it goes from 50 cent to 65 will that trigger the stop loss and cause me to sell? Or can I only set my stop loss below my current stock price?
Thank you. You said a limit order is for a specific price and if the market opens above (if buying) that price it will not be filled. If I have understood you correctly then what you say later seems to contradict that. If i place a buy limit order on an instrument going long will it be filled ONLY if it actually encounters the specific price? It seems a limit order is risky as to being missed if for some reason the price jumps over the specific price (a gap). Am I correct? Thank you for your help.
Yes there are limitations to different order types. With a limit order you are in control of the price you're filled at (it will be the price you say or better) but you're not in control of actually getting filled.
so a stop limit on buy is a limit (not higher purchased than X) order with a stop (don't execute if higher) because a limit order buy would be a market unless limit is reached and could be harmful in volatile markets. So what exactly is a "buy stop limit"?
A buy stop limit is an order that triggers (is sent to market) once your order price is hit. But the order will only fill at your price or better. So you might miss an opportunity to get in if there isn't enough enough volume for your order to fill at your limit price, but you are control the price and can't get filled worse.
In day trading What time frame do you used when you placing an orders? When the market moving so fast The stop limits or stop market doesn’t work in most of time thanks
Why would you not use a trailing stop for your profit target? You would pass a profit target threshold and still lock in any additional gains. What's the risk that I'm missing?
Let's say I have 10 shares. If the current level of a stock is 100, and I want to set a stop loss at 80 and a limit sell at 120, is that possible simultaneously? Is that 2 separate trades I have to input both with 10 shares each?
So if I'm bullish on a stock I would use a buy stop order at the price I want to open my position, use a sell stop to set up a minimum sell price, and a sell limit order to set a price I want to sell the stock should it rise above my buy price. Is this correct?
So if I had a stocks worth 10k would it be a good idea to have a stop limit GTC if one day just in case the price starting falling at a crazy rate so I wouldn’t be too much in the red say it sold 50% ?
Yes, that is correct. You would use a STOP order to limit your losses. I wouldn't give it too much room. 50% is a lot. I like to set them based on the Average Daily Range, and I like to use 1 - 1.5 x ADR. Does this help? 👍
Thanks for this amazing video markus, I am currently using your PXO and if I am buying a PUT option do you still use stop order for entry and sell and limit order for profit target????
Hi Edwin, thanks for the feedback. When you're trading options, you would still keep an eye on the stock. And when the stock reaches the profit target or the stop loss, then you would SELL your put option. Does this help?
Correct! I am setting alarms on the STOCK, and once the STOCK hits the profit target or stop loss, then I'm exiting the option with a LIMIT order. I explain everything in more detail here: myTradingRoutine.com. Check it out and let me know if that helps.
Hi Charley, glad it helped 👍 Make sure to subscribe to the channel so that you get a notification from TH-cam whenever I release a new video. This way you don't miss it. 😀👍
Can we put a Stop Buy order below a current share price? So say for instance I want to buy a stock when it reach below its current share price, I can use Stop Buy?
In this case, you would be use a LIMIIT order. When you want to buy ABOVE the current price, you use a STOP order. When you want to buy below the current price, you use a LIMIT order. Does this help? 👍
When placing an order below market price, it's better to use a limit order. This allows you to set the maximum price you're willing to pay when buying or the minimum price you're willing to accept when selling. Limit orders provide more control over the execution price compared to stop-limit orders.
I'm confused just a little by the first portion. Why would you want to buy something once it gets "above" a certain price? Isn't it usually best to buy as low as possible and if you are going to sell, as high as possible?
@@rockwelltradingservices Let's say that I want to buy 5k shares, then I choose to buy at the "market price". 5k shares is around 20k USD (taking the lowest share price but the shares at not enough for 20k). Consequently, what if 1k shares are around 20k USD; however, the next 1k is at 21k USD, the next 2k is at 23k USD and the rest is at 25k USD. Here is my question: Since the price shares are increasing in order to buy the 5k shares I will spend an average price of 22.4k USD because I'm buying to people (let's say); or the trading platform completes the 5k shares at different different average price (22.4k USD) since I am choosing "market prince", maybe the trading platform have some shares and they want to sell it. Is that possible?
Want to learn more about the Stock Market and how to trade optimally in 2022? Watch THIS: th-cam.com/video/Nsp3LiFKeuA/w-d-xo.html
Just wanted to say thank. Because after watching a random videos on TH-cam regarding this topic. Finally, finally understand it.
Thanks again
This is actually amazing, some people out there are explaining this so hard and using
difficult terms while you explain it perfectly in a few minutes. Thank you so much!
Thank you, Lander. What did you learn so far?
I read 2 articles and watch 3 videos before this and didn't get the concept. You answered the question within 3 minutes. Thank you :-).
I am glad this helps! :)
THE same with me, he is German and precise that's why ! we thanh him so much !
The same happened to me. Great video
Same here. THANK YOU!
Me too. Such a simple explaination!!!
Thank you for explaining STOP vs LIMIT in the first 3 minutes. None of the other videos helped me understand
I am glad that this helps. :)
In under 3 minutes, you've perfectly and logically explained a concept that has taken me so long to grasp. Thank you!!!! You have a new subscriber!
😊 You are welcome! I am glad that this helps!
Hi! I am intelligent, educated, with gifts… but never had courses in finance, economics or business. A lot of crypto videos do not bother to teach basics; if they explain, they do so as if they think most of their audience already knows the info.
You are the 1st person I have heard explain this material clearly, in a way that makes sense to a beginner, and at a pace that is reasonable and digestible. I will rewatch and take notes, but I think I finally found a channel I can learn from. Thank you. There is a veritable myriad of crypto fanatics doing videos, and they all understand one another; however, being good at something or having a favorite pastime does not necessarily mean a person can teach or impart the same to others. If your other videos are like this one, you are an excellent teacher. Thank you for taking the time to help others gain clarity with these basics.
This was the ONLY clear resource I found. Much like other people in the comments, I scanned the internet, videos, and physical study materials... to no avail.
This was perfect. THANK YOU!
Awesome! I am glad that This helps. Are you trading options?
ORDER Types is one of the most confusing topics I've come across, since starting to learn about Forex trading.
I watched like 6-7 videos on this, but only 2 gave me a clearer explanation. And this is one of them.
Thank you so much, sir!
You are welcome! I am glad that this helps! :)
I'm studying fro the series 7 and nothing was sticking but your explanation was dynamite and I got it. Keep doing these! You have a great way of explaining!!!
I am glad that this helps. Please check my other videos too. :)
Is this for your certified financial planner career?
Wrote in Youtub "limit order vs stop order" and your video came up, really simple and quick way of explaining something tricky. Another new subscriber!!
Awesome! I appreciate your feedback and thank you for subscribing. I am glad that you love this video. Have you checked my other video yet?
It is but it has a specific function. A stop-loss order are limit or market orders.
Great video. Thanks.
Let's say I bought stock at 10$ price and I want to exit when it goes up to 12$.
Also I want to exit when when it goes down to 8$.
What orders should I choose?
@rockwelltradingservices I need clarification just to be sure I understand. In the above scenario posed by @Apolloyvr are you setting 2 separate trades?
Eg 1) Buy long, @$10 a stop entry (& set SL @$8)
2) TP is a Sell limit order @$12,
SL can be changed on an open position without another separate trades, correct? Or am I setting up a 3rd trade to establish the SL
Sorry for the dumb question, and thank you for sharing your gift with others! ❤
The simplest, clearest and precise video for understanding the orders.
Thank you for that! I love to hear it when people get value out of our videos 👍😃
Yes this video was helpful Thank You. Wish I saw yesterday. I was at $12,000 on a stock and then it dropped down to a little over $4,000. New to the game, have a lot to learn!
You are welcome! I am glad that this helps! :)
Has it been resolved?
I echo those comments. You explained this in 3 minutes! Outstanding
I am glad that this helps!
Much easier to understand than the Tastyworks video where they just 'say' do this, do that rather than show specific examples which you have done. Well done. By the way I loved your vocal on "How deep is your love" and "Stayin' Alive" LOL
LOL - Thanks. - "Barry" 😜
Thanks Markus! This was very helpful! I looked at 3 videos before yours and couldn't understand the difference but you really made it super easy for the average person like me!
Hi Daniel Odriozola, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍
You are amazing. I have never seen such a clear explanation.
This guy is freaking amazing ...I am bringing all my friends on here.what my teacher can't even make clear in 2h class you kill it in 2 mn.
I am glad that this helps! :) Please share and subscribe!
What is your major
@@hamzasyed9212 I'm not major I'm a general 😁
@@mikusan5661 Missiles were fired!
@@ameydevlekar well hire some new ones 😁
Your explanation was so crystal clear Sir and thank you for that.
You are welcome! I am glad that this helps.
This explaination is so straightforward and so helpful. Thank you Markus for this great video.
Awesome! I am glad that this helps.
Thank you sir! After watching over a dozen videos, I managed to understand as soon as I watched yours.
That is awesome to know. ;) Is there something you want to know more about? Let me know, I might be able to send you the link to the specific trading-related topic.
Thank you so much for the simple explanation! I read through the power x strategy and missed that I should be using a stop order for entry and exit. This video explained so much!
Great! Glad it helped. 👍
While doing my own research and this quick explanation was really helpful to comprehend the movements of stock markets. I'm strategically working on this!😁
Awesome! Thank you for watching! :)
Thank you for using simple language! I finally understand limit vs stop.
Awesome! :)
How do you set a STOP for the stop loss and a LIMIT for the profit target at the same time? ThinkorSwim only allows one pending order so I keep the stop loss in place.
Hi Markus I apperciate your short and very simple and clear explanatio that I can get the concept, I watched many times video but it wat the same and could not understand
thank you very much
Thanks a lot, only your video could helped me after watching so many videos about orders!
But for entry if you mentioned at shortcut buy is STOP, does it mean BUY: STOP LIMIT or BUY: STOP LOSS, or BUY: LIMIT ORDER? I’m confused with my broker apps selection🙏🏻
It seems I need to do another video. You actually have three options:
BUY STOP
BUY LIMIT and
BUY STOP LIMIT.
I’ll do a follow up video very soon. Stay tuned.
@@rockwelltradingservices thank you sir, subscribed to you and definitely waiting for your next video 💪🏻
😊 You are welcome! I am glad that this helps!
@@rockwelltradingservicesplease explain all scenarios for selling too. Thx
wow !!thanks!! after weeks of confusing ,often convoluted , info, from many sources, this vidio finally, and simply made it clear!
😊 You are welcome! I am glad that this helps! By the way, if you are curious about the tools that Markus's use you can check that out here powerxoptimizer.com/. You may reach out to Cristy at suppport@rockwelltrading.com for more information.
You are the hero! I watched other videos about this and I did not get it completely. You made it simple and I totally got it!!!
Hi Roberto Berti, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍
Great and easy to understand explanation! Thank you so much, and the real-time illustrations greatly enhanced the ease of comprehension. 10/10
Awesome! I am glad that this helps. Are you also trading options?
The best explanation vid on TH-cam.
Awesome! Thank you for watching! :)
This cleared up the confusion I had with on these order types, thanks!
Awesome! I am glad that this helps. :)
I am a old German and Markus is an Excellent Trader and second, a wonderful English teacher. Both is Perfect.
Danke Markus, für deine sehr detaillierten klaren und nachvollziehbaren Erläuterungen zu diesem Thema und allen weiteren Themen. Ihren Bruder, den ich ein paar Male in Zürich und Hamburg während eines Seminars zuhören durfte, schätze ich auch sehr. Beide Meister ihres Faches.
Vielen Dank fuer Dein Feedback! Ich gebe es auch an Tobias weiter. 😀👍
Has it been resolved?
Finally I understand the difference between stop order and limit order. 😊 Thank you!
Awesome! I am glad that this helps. Are you trading options?
You explained it better than anyone else. Thanks.
Thank you for watching!
I don't completely understand using a limit order for profit target. Wouldn't it trigger immediately after the order filled on a rising stock? Or was it a stop limit order? Great explanation on the basic order types
This is the best video about this subject I´ve found so far... even like this I gotta say I didn´t understand it very well... If for example I want to buy AAPL in a limit order of 100, it means that the maximum priceI want to buy is 100. It makes no sense to me... why not to buy it on time at market price? When is it gonna be bought if the maximum price is 100? That´s extremely confusing
Greed and fear are the dangerous emotions when trading. To avoid those you have to set a limit. Sure you can adust it to maximum price but that will also put you in higher risk. So always limit your loss and take small but consistent profit.
Markus, I was actually looking for this exact question.
To rephrase it: I don't understand why place an upper/higher limit to buy the stocks? I'm thinking we want to buy them as cheap as possible, so maybe put a lower limit, for ensuring their price dropped enough, when they are bought.
Jesus, this was such an easy explanation. Wasted so 2 hours on watching videos from these so called "traders" using so much financial jargon and not being clear in their explanation, but I find this video and I can understand these 2 simple orders in 4 minutes. How can these people make such a simple thing so complicated??? I swear to god, some people have the annoying ability to write a 5 pages essay on way 2+2 = 4.
I am glad that you find this helpful! 😊
I am glad that you find this helpful! 😊
The best explanation I´ve ever seen.
Thank you! :)
thank you so much. u are the only one to explain this so clearly within the first 4mins
Hi amk, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍
Thank you, I am so glad you can explained this in plain English.
I am glad that this is helpful.
Your explanation was simply awesome, there are so many TH-camrs that make it sound so difficult.
Thank you very much
You are welcome! I am glad that this helps.
Thank you for explaining the REASONS behind these types of orders as opposed to the simple mechanics. The concept is always easier to remember than the specifics. Thank you!
You are welcome. I am glad that this helps.
Finally somebody explains it with simple english...thank you
You are welcome!
@@rockwelltradingservices btw what timeframe do you use?
Thank you!...very simple to understand. As you said, very precise.
Hi Ernst C, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍
Very useful , excellent and simple instruction for something that can cause a headache to undestand and to cause more headache after losing some money :) ! Big thank .May I ask a question please? ? Larry Swing in his book suggest " 6 cents (1/16) above the previous day’s high". Does he mean 1/16 of share price or what?
how much over price of the last do you put your order and what is it based on?
Thank you for watching! ;)
This is the most useful video i have ever watched about order kinds
Awesome! Thank you for watching! :)
Thank you so much Markus. After watching this video I finally understand😀
This has been the clearest explanation I've ever come across
I am glad this helps!
This was the simplest explanation i've watched...thanks
😊 You are welcome! I am glad that this helps!
@@rockwelltradingservices very much...helped me set things up to where I don't have to stare at the screen all day....I'm new to retail investing
Awesome! I hope that you watch my other videos too! 😊
Thank you so much for the explanation. Much better video than the current top result. It seems that for my type of investing (dollar cost averaging into index ETFs), a stop sell order would the most useful to me to exit completely if the market really goes south. I also actually use market orders a lot, whenever my paycheck comes in just to add to my portfolio immediately.
Thank you for watching. Watch the next live stream here th-cam.com/video/eXhiSbQNWug/w-d-xo.html
Superb explanation, thank you Mr Heitkoetter!
Awesome! Thank you for watching! ;)
You should teach these trading companies how to teach... simple and easy to understand Well done.
Thank you! ;)
Best explanation on TH-cam.
Thank you! 😊
Best explanation so far. Thank you for enlightening me on this😊
😊 You are welcome! I am glad that this helps!
Thank you! Thank you! Thank you! I've watched several videos on this topic and you simplified it in just a few minutes.
You are welcome! I am glad that this helps! :)
You are the only person who explained this in the best way
Awesome! I am glad that this helps.
Dude has nailed the definition in 5 mins after so many months of trying to understand it 💯💯
Awesome! Thank you for watching!
Does your calculator take margin into account? on a 10k acct --for HTZ it says 50 options at a 2 put but ea option requires $205 margin, so do you keep a sep acct for your margins? or do you cut your options in hAlf to cover margin?
Good question and this brings up a great point. With lower priced stocks you do need to have the FULL cash secured amount. We've adjusted the Put Calculator to reflect this (it will be available later in the day on Thursday to download).
@@rockwelltradingservices thank you so much! That’s perfect!! You rock! Just one more favor I would like to ask:I just bought the power X optimizer last week and I love i! however I use IBKR broker like you, so could you place a training video on the members site showing how to trade options and stocks on IBKR like you did on TOS. I know only how to sell put options on it bc I took your theta class. I also bought your power spread strategy. But I don’t know how to apply the options on power X to IBKR.
Has it been resolved?
Amazing explanation, couldn't find anything useful about it elsewhere online. Thanks
I am glad that this helps. Have you checked our other videos?
Well explained. Please do you have a telegram community or discord where you lecture newbies?
Hi! We do not have telegram but you may reach us through Markus Heitkoetter official Facebook account facebook.com/markusheitkoetter/ or Instagram instagram.com/markusheitkoetter_/
How to buy a bounce ?
Buy below the current price ?
Has it been resolved?
I have a question . I have a stock at .50 cent. I want to sell at .85 cent and set a stop loss at 65 cent. My question is if it goes from 50 cent to 65 will that trigger the stop loss and cause me to sell? Or can I only set my stop loss below my current stock price?
Thank you. You said a limit order is for a specific price and if the market opens above (if buying) that price it will not be filled. If I have understood you correctly then what you say later seems to contradict that.
If i place a buy limit order on an instrument going long will it be filled ONLY if it actually encounters the specific price? It seems a limit order is risky as to being missed if for some reason the price jumps over the specific price (a gap). Am I correct? Thank you for your help.
Yes there are limitations to different order types. With a limit order you are in control of the price you're filled at (it will be the price you say or better) but you're not in control of actually getting filled.
@@rockwelltradingservices Thank you.
You are welcome! :)
@@rockwelltradingservices but if there are more bids than asks and or high volume then you can stick to limit orders right?
so a stop limit on buy is a limit (not higher purchased than X) order with a stop (don't execute if higher) because a limit order buy would be a market unless limit is reached and could be harmful in volatile markets.
So what exactly is a "buy stop limit"?
A buy stop limit is an order that triggers (is sent to market) once your order price is hit. But the order will only fill at your price or better. So you might miss an opportunity to get in if there isn't enough enough volume for your order to fill at your limit price, but you are control the price and can't get filled worse.
You are such a great teacher. I have been looking for this for so long. Thank you!,,🤩🤩🤩🤩
I am glad that this helps. :)
In day trading What time frame do you used when you placing an orders? When the market moving so fast The stop limits or stop market doesn’t work in most of time thanks
We prefer range bars. But orders "not working" seems to be a bigger problem, not a bar problem. ;)
Stock is climbing. Slight pullback likely. Would like to buy at about $5 less than current price. Do you put in a limit order at the lower price?
Why would you not use a trailing stop for your profit target? You would pass a profit target threshold and still lock in any additional gains. What's the risk that I'm missing?
That's a great idea! So you're saying: After I reach a profit target use a trailing stop? LOVE IT!
Perfectly explained, thankyou for this video 👌
I am glad that this helps! ;)
Let's say I have 10 shares. If the current level of a stock is 100, and I want to set a stop loss at 80 and a limit sell at 120, is that possible simultaneously? Is that 2 separate trades I have to input both with 10 shares each?
Thank you sir, Ive finally find a video that explains ver welll.Your explanation is very clear and easy to understand
You are welcome! I am glad that this helps! :)
So if I'm bullish on a stock I would use a buy stop order at the price I want to open my position, use a sell stop to set up a minimum sell price, and a sell limit order to set a price I want to sell the stock should it rise above my buy price. Is this correct?
Has it been resolved?
Simply explained the basics. Danke!
Thank you for watching! ;)
if you still reply to comments i am wondering why you would place a buy stop order for entry, wouldnt you want to purchase at a lower price ?
That’s why I prefer limit orders for buying and selling
So if I had a stocks worth 10k would it be a good idea to have a stop limit GTC if one day just in case the price starting falling at a crazy rate so I wouldn’t be too much in the red say it sold 50% ?
Yes, that is correct. You would use a STOP order to limit your losses. I wouldn't give it too much room. 50% is a lot. I like to set them based on the Average Daily Range, and I like to use 1 - 1.5 x ADR. Does this help? 👍
Really good explanation Sir, thank you so so much. God bless you.
I am glad that this helps. Thank you for watching. ;)
best explanation so far
Thank you! 😉
Is there a way to ask questions related to this topic.i need to ask few questions related to this
Sure. You can post your question here and I will try my best to answer them. ;)
Thanks for this amazing video markus, I am currently using your PXO and if I am buying a PUT option do you still use stop order for entry and sell and limit order for profit target????
Hi Edwin, thanks for the feedback. When you're trading options, you would still keep an eye on the stock. And when the stock reaches the profit target or the stop loss, then you would SELL your put option.
Does this help?
@@rockwelltradingservices thanks for that so you wouldn't use stop loss orders and limit orders for options, only stocks?????
Correct! I am setting alarms on the STOCK, and once the STOCK hits the profit target or stop loss, then I'm exiting the option with a LIMIT order.
I explain everything in more detail here: myTradingRoutine.com.
Check it out and let me know if that helps.
Thank you for the simplified explanation
You are welcome!
Markus, can you do a video on Trailing stop limit order type ?
I will take note of that! :)
Great vid! So simple and clear. Love the handy dandy notepad too!
Hi Ed H, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍
Great video. Helped a lot. But let me ask this. I see a stock at $12 that i want to buy when it drops to $11. Stop or limit?
In this case, you would BUY XYZ at 11 LIMIT because you want to buy at $11 "or better". Making sense?
Wow! I get the buying part now. You are very clear when explaining that part!
Hi Charley, glad it helped 👍 Make sure to subscribe to the channel so that you get a notification from TH-cam whenever I release a new video. This way you don't miss it. 😀👍
@@rockwelltradingservices Yes, I hear you. Subscribed!
Hi Charley Jr. Iriarte, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍
I just signed on. I'm putting in trailing stops today, and watching 'tubes for advice. I like your style, Markus.
Thank you! :)
Very good one! Clear and concise!
Thank you! ;)
That was a perfect description. Thank you!
You are welcome! ;) I am glad that this helps.
Can we put a Stop Buy order below a current share price? So say for instance I want to buy a stock when it reach below its current share price, I can use Stop Buy?
In this case, you would be use a LIMIIT order. When you want to buy ABOVE the current price, you use a STOP order. When you want to buy below the current price, you use a LIMIT order. Does this help? 👍
@@rockwelltradingservices yes thanks!
a very smart way to explain this trading basics , thank you !
Awesome! I am glad that you like it.
Excellent video. I understood everything. Nice Explanation
I am glad this helps. :)
Great explanation from a great experience trader ❤❤
Thank you!
Love the visualization you've made. This is better for me to understand in a sell/buy moment!
😊 I hope this helps! Thank you for watching! :)
Has it been resolved?
How can I change my previous stocks to limit order or once is submitted I can't go back to edit it ?... Thank you
Hi Tania, great question. What broker do you use? Usually, you can just right mouse-click on your order and click EDIT to change it.
@@rockwelltradingservices nice thank you!! I'm using fidelity.
Has it been sorted?
Let the market "come to you".
I like how you think.
I'm still a bit confused, when I want to make an order below market price, is it better to use limit or stop-limit?
When placing an order below market price, it's better to use a limit order. This allows you to set the maximum price you're willing to pay when buying or the minimum price you're willing to accept when selling. Limit orders provide more control over the execution price compared to stop-limit orders.
@@rockwelltradingservices Thank you for the reply!
I'm confused just a little by the first portion. Why would you want to buy something once it gets "above" a certain price? Isn't it usually best to buy as low as possible and if you are going to sell, as high as possible?
Thank you much!! All clear!! Greetings from Latin America.
Thank you, and GREETINGS!😃
@@rockwelltradingservices Let's say that I want to buy 5k shares, then I choose to buy at the "market price". 5k shares is around 20k USD (taking the lowest share price but the shares at not enough for 20k). Consequently, what if 1k shares are around 20k USD; however, the next 1k is at 21k USD, the next 2k is at 23k USD and the rest is at 25k USD. Here is my question: Since the price shares are increasing in order to buy the 5k shares I will spend an average price of 22.4k USD because I'm buying to people (let's say); or the trading platform completes the 5k shares at different different average price (22.4k USD) since I am choosing "market prince", maybe the trading platform have some shares and they want to sell it. Is that possible?
i have a question, if i buy AAPL shares with a 100$ limit order but the market is already below 100$ do i get to acquire the apple shares istantly ?
Yes, that is correct! You got it right. 😀👍