I am asked a lot how to buy and send an automatic STOP Loss order all in one hotkey. Try this: ROUTE=SMRTL;Share=BP*0.25;TIF=DAY+;Price=ASK+0.10;BUY=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost-0.30;Share=Pos;TIF=DAY+;SELL=Send; What it does? It buys at 25% of your buying power, and then automatically send a stop loss order at AvgCost -30 cent. You can change it anyway you want!

Hi BBT, Good day and this is Luke here. I have faced some "inconsistency" in the way the "physical" Profit Taking order are being set. Let me run you through with 1 example when going LONG (May 6 ticker $VIAC) 1) May 6 2021 9:24:13 (First attempt to set a profit taking point) Positions - Long 58 shares. AvgCost $40.18 Orders- Stop Order, Side "S", 58 shares, Type SM: $40.06 Both the Entry and Stop Loss were set using Kyle's fixed $ Risk Hotkey at $7 risk. Here, I am about to set a "Take Profit" order at $40.3, double clicked on chart (price also shown in Montage) 2) May 6 2021 9:24:27 (Profit Taking Stop Order sent) Positions - Long 58 shares. AvgCost $40.18 Orders- Stop Order, Side "S", 58 shares, Type SM: $40.06 Stop Order (Profit taking), Side "SS", 18 shares, Type "L", at $40.3 (also see the flag) The above two screenshots showed everything works as expected. However, fast forward to a later timing, when I tried to set another "Profit Taking" Stop Order... 3) May 6 2021 9:31:04 (Second attempt to set Profit Taking Stop Order) Positions - Long 20 shares. AvgCost $40.18 Orders- Stop Order, Side "S", 20 shares, Type SM: $40.06 Here, I am about to set another "Take Profit" order at $40.5, double clicked on chart (price also shown in Montage) 4) May 6 2021 9:31:12 (Moment when I initiate the Profit Taking Stop Order) Positions - Long 20 shares. AvgCost $40.18 Orders- Stop Order, Side "S", 20 shares, Type SM: $40.06 Stop Order, Side "SS", 10 shares, Type SL: $40.06, Price $40.5 (also see the flag) Why I was not seeing what happened in Picture 2) above? When I expected to see something like " Side "SS", 10 shares, Type "L", at $40.5" "? Also, it seems there is "another" flag that shows up underneath the original Stop Loss Flag "SM 20 40.06"... Why did the first attempt to set Profit Taking Order work, but the second attempt didn't? (You can click the picture and cycle thru them in chronological order for easier references) and What happened in the second attempt? Thanks for your help!

Hi I have been using technical levels and risk amount (e.g., $30) for placing Stop Loss, wondering what role (if any) does a stock's spread play in "Stop Loss". Some stocks have 1 c spread while others such as TSLA have 23 c spread. Should a stock's spread be considered as an input to determining stop loss? Will appreciate guidance on this Thanks Sam K

Does anybody have the script for a hotkey that automatically places an even stop? Thanks!

Hello, I am a new BBT on a trail membership, and also on a DAS demo account, getting used to the platform still. I was wondering how members manage their stop loss once you start taking profits?, is there a way to auto adjust based on current position?. For example if I enter Long with 500 shares, and set a Stop Loss for the same 500 shares, when I take a partial of 200 shares, I want the stop loss to be updated to 300 shares left. Is there a way to accomplish it?, otherwise how do you manage it so you don’t suddenly end up with an opposing trade?. Thanks Simon

Agreed that a Stop Loss should be set at a technical level and should have a reason why that price point was chosen. BUT, what if the trade does go against you. Some veterans say that once it is obvious that your thesis was wrong, you should get out, no need to wait for stop loss to be triggered. Others however emphasize that stop loss being at technical levels have a reason to be there and we MUST give price the original room until the SL is actually triggered. What are your thoughts on this?

So here's a trade I did on IBM on Jun 19. I saw the stock reversing so I went short at 149.68 and put my stop loss at the 9-EMA above it, which at the time was around 149.90, so my risk was 22c. My question is, would you say that is a good stop, or do you think it's too tight? Thanks in advance!