
Conditional implies that command will only be filled if certain conditions are met. First, orders that are conditional longitudinal orders are the two advanced purchase types. Now, before we get started, there are very few things to keep in mind. As a result, you may need to become familiar with all the trading platforms described here to understand when to utilize them.
Once submitted, confirm within your accounts page that the position has been opened with a valid ‘Stop Order’ attached to it per your specifications before leaving it alone-do not attempt to modify or cancel this already placed order unless necessary!īecause these types of advanced orders can be risky and expensive if mishandled, you’ll probably need to learn more about these types of progressive orders just as you would with the more basic stock orders. Finally, enter whatever other information (such as quantity, duration, etc.) is necessary for completing your trade before submitting the order. A “stop market” order type will create an immediate selloff at whichever price you specify, whereas, with a “stop-limit” order type, you can select both your entry and exit points-i.e., when exactly you want the stop-loss order to trigger, as well as what price it should close out at-which provides additional protection against extreme price movements during volatile markets. Underneath “Order Type,” select either “stop market” or “stop-limit” as appropriate for your needs. In the “Symbols” field, enter either the name of the security you wish to place a stop loss order against or its ticker symbol. Log into your TD Ameritrade account and select “Trade” from the menu bar. This article will walk you through how to set up a stop-loss order on the desktop platform. Setting up a stop loss for your position on TD Ameritrade is easy and essential for protecting your assets against unexpected losses. TD Ameritrade is one of the largest and most popular online brokerages, offering investors a wide range of services and access to hundreds of markets.
Alternatively, you can choose from advanced stock orders if your commands require more tweaks. However, the minimum stock order type can still cover your specific financial requirements. Your trade records and exits may require many nuances if you’re a seasoned trader with sophisticated strategies.
What trading tool to use with the combination of TD Ameritrade?. How to set trailing stop loss in Thinkorswim?. How to set trailing stop loss in TD Ameritrade desktop?. How to place a bracket order in Thinkorswim?. How to set a stop loss on Thinkorswim mobile?.
How to set a stop loss on TD Ameritrade?.