154. How to Trade Stocks Using a Stop Order

http://www.informedtrades.com/

The next lesson in our course on the basics of stock trading which covers how to place a stop and stop/limit order in the ThinkorSwim platform.

Category:

Howto & Style

Tags:

• stoporder
• stoplimit
• trading
• daytrading
• investing
• stockmarket
• stocks
• stocktrading

[averageneo]

does thinkorswim allows stops be placed only a penny away from the current price? not on the demo, but on real live trading. scottrade limits 10cents stops. thanks.

[InformedTrades]

Dave knows much more about TOS than I do and he is currently traveling, but if you need an immediate response stop by InformedTrades and there are several traders on there who use TOS and can answer your question for you.

Thanks!

[veragopa]

Hi Dave

Why people buy stocks with a stop order. I mean why they buy stocks for a higher price than the market and vice versa....

[InformedTrades]

Hi Veragopa, An example here would be a trader that wants to buy a stock only if the stock breaks an overhead resistance level. Best Regards, Dave

[tarmizitaha]

superb video

[InformedTrades]

glad you liked it. Thank you for the comment and for watching. Best Regards, Dave

[modo203]

I don't think the statement starting from part 1:19 is correct.

it's quite the opposite:

A stop order is set to SELL a stock BELOW the current market price OR to BUY a share of stock ABOVE the current market price.

please change it as it confuses beginners and could cause them to lose money.

Cheers,

[BillGatesNeighbor]

I'm the same way confuse! for me you can just use limit sell or buy & if you want it on a certain price simply put GTC & it will pretty much do the same for you so I'm really not understanding this coz pretty much the limit feature does this for you anyhows so why call it other things.

[wordsworth727]

You said use a stop order is when you buy a stock BELOW the current price or if you want to sell ABOVE the current market price. You described the stop limit directly opposite- I think you made a mistake.

[youracharacter]

wow confusing.

[daddylionn]

thatz right, but you confused people by saying it the other way. rephrase that in another video if you really care. rest, this is confusing. i know bare basics of the trading and this is confusing me even when I know stuff.

[daddylionn]

thatz right, but you confused people by saying it the other way. rephrase that in another video if you really care. rest, this is confusing. i know bare basics of the trading and this is confusing me even when I know stuff.