How to Create a Stop on ThinkorSwim

In this video we’ll be learning how to place stops on the thinkorswim platform. There are many different ways to place stops in the ThinkorSwim platform, but in this video we’ll cover three of the most popular methods. One way stops can be placed in ThinkorSwim on open positions is through the monitor page. From here you would simply need to right click on the stock you want to place the stop on - create a closing order - with a stop. This would then take you to an order ticket where you can adjust the number of shares, the stop activation price, and the time in force for the order. You can also place the stop on a position you don’t yet own. This basically means you are first creating an order to buy a stock at which time a stop would then be triggered to be sent out automatically. This can be done many different ways, but in this video we do it from the trade page as well as through the active trader.