How To Set Up Stop Loss On Thinkorswim – The Practical Guide

Setting up a stop loss on thinkorswim is a great way to protect your investments and limit your losses. A stop loss is an order that you place with your broker to sell a security when it reaches a certain price. This helps to ensure that you don't lose more money than you are comfortable with. With thinkorswim, you can easily set up a stop loss order with just a few clicks. In this guide, we will walk you through the steps of setting up a stop loss on thinkorswim.

What is the process for setting a stop loss on the Thinkorswim Active Trader platform?

Entering stop/limit orders is a great way to manage your trades and ensure that you are getting the best price for your orders. By adjusting the quantity in the second line of the Big Buttons panel, you can easily control the amount of your order. Additionally, hovering the mouse over the Bid Size or Ask Size column in the Active Trader ladder will give you a better understanding of the current market conditions. Finally, by clicking at the desired price level and confirming the order, you can be sure that your order will be executed at the best possible price.

At what price point would you like to set a stop-loss?

Using the most recent candlestick to place a stop loss in trading is a great way to protect your investments. By placing a stop loss at the low of the most recent candlestick when buying the stock and at the high of the most recent candlestick when selling the stock, you can limit your losses and maximize your profits. This strategy is a great way to ensure that you are making the most of your investments.

What is the process for activating a stop loss?

A stop loss order is a great way to protect your investments and limit your losses. By placing a stop loss order, you can set a predetermined price at which your stock will be sold if the market moves against you. This can help you manage your risk and ensure that you dont lose more than you can afford. Placing a stop loss order is easy and can be done quickly and easily through your online brokerage account.

Can I establish a maximum amount and a stop-loss?

This type of order is useful for traders who want to limit their losses or take profits at a certain price level. By using a stop-limit order, traders can ensure that their orders are filled at the desired price or better.

What is the purpose of using a stop-loss function?

A stop-limit order combines the features of a stop-loss order with those of a limit order, allowing traders to have precise control over when the order should be filled. While stop-limit orders are not guaranteed to be executed, they can be a useful tool for mitigating risk and protecting profits.


Enter the price you want to set as the stop loss and click “Preview” to review the order. Once you are satisfied with the order, click “Submit” to place the order. Setting a stop loss on Thinkorswim mobile is a simple and effective way to protect your investments and limit your losses.