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This is actually amazing, some people out there are explaining this so hard and using difficult terms while you explain it perfectly in a few minutes. Thank you so much!
Hi! I am intelligent, educated, with gifts… but never had courses in finance, economics or business. A lot of crypto videos do not bother to teach basics; if they explain, they do so as if they think most of their audience already knows the info. You are the 1st person I have heard explain this material clearly, in a way that makes sense to a beginner, and at a pace that is reasonable and digestible. I will rewatch and take notes, but I think I finally found a channel I can learn from. Thank you. There is a veritable myriad of crypto fanatics doing videos, and they all understand one another; however, being good at something or having a favorite pastime does not necessarily mean a person can teach or impart the same to others. If your other videos are like this one, you are an excellent teacher. Thank you for taking the time to help others gain clarity with these basics.
I'm studying fro the series 7 and nothing was sticking but your explanation was dynamite and I got it. Keep doing these! You have a great way of explaining!!!
ORDER Types is one of the most confusing topics I've come across, since starting to learn about Forex trading. I watched like 6-7 videos on this, but only 2 gave me a clearer explanation. And this is one of them. Thank you so much, sir!
Great video. Thanks. Let's say I bought stock at 10$ price and I want to exit when it goes up to 12$. Also I want to exit when when it goes down to 8$. What orders should I choose?
This was the ONLY clear resource I found. Much like other people in the comments, I scanned the internet, videos, and physical study materials... to no avail. This was perfect. THANK YOU!
Jesus, this was such an easy explanation. Wasted so 2 hours on watching videos from these so called "traders" using so much financial jargon and not being clear in their explanation, but I find this video and I can understand these 2 simple orders in 4 minutes. How can these people make such a simple thing so complicated??? I swear to god, some people have the annoying ability to write a 5 pages essay on way 2+2 = 4.
Yes this video was helpful Thank You. Wish I saw yesterday. I was at $12,000 on a stock and then it dropped down to a little over $4,000. New to the game, have a lot to learn!
Thanks Markus! This was very helpful! I looked at 3 videos before yours and couldn't understand the difference but you really made it super easy for the average person like me!
Thank you so much for the simple explanation! I read through the power x strategy and missed that I should be using a stop order for entry and exit. This video explained so much!
While doing my own research and this quick explanation was really helpful to comprehend the movements of stock markets. I'm strategically working on this!😁
Wrote in Youtub "limit order vs stop order" and your video came up, really simple and quick way of explaining something tricky. Another new subscriber!!
Much easier to understand than the Tastyworks video where they just 'say' do this, do that rather than show specific examples which you have done. Well done. By the way I loved your vocal on "How deep is your love" and "Stayin' Alive" LOL
That is awesome to know. ;) Is there something you want to know more about? Let me know, I might be able to send you the link to the specific trading-related topic.
Thank you for explaining the REASONS behind these types of orders as opposed to the simple mechanics. The concept is always easier to remember than the specifics. Thank you!
😊 You are welcome! I am glad that this helps! By the way, if you are curious about the tools that Markus's use you can check that out here powerxoptimizer.com/. You may reach out to Cristy at suppport@rockwelltrading.com for more information.
Thank you so much for the explanation. Much better video than the current top result. It seems that for my type of investing (dollar cost averaging into index ETFs), a stop sell order would the most useful to me to exit completely if the market really goes south. I also actually use market orders a lot, whenever my paycheck comes in just to add to my portfolio immediately.
I am a old German and Markus is an Excellent Trader and second, a wonderful English teacher. Both is Perfect. Danke Markus, für deine sehr detaillierten klaren und nachvollziehbaren Erläuterungen zu diesem Thema und allen weiteren Themen. Ihren Bruder, den ich ein paar Male in Zürich und Hamburg während eines Seminars zuhören durfte, schätze ich auch sehr. Beide Meister ihres Faches.
Great content, thank you for the basic direction for stop, profit, and entry orders. I'm putting this on a sticky note as a constant reminder while I learn.
I am glad that this helps. Do you want to learn more? Please DM us on one of our social channels: Facebook- facebook.com/markusheitkoetter Instagram- instagram.com/markusheitkoetter_/
You are welcome! By the way, have you heard of the PowerX Optimizer software? It can help you pick the stocks to trade that has high probability of winning. Here is a link to our latest offer www.rockwelltrading.com/products/10-44-powerx-optimizer/
I think I get it. BUY - Buy Stop says I am willing to buy it at this price or more for it. I expected a higher price and I am not getting it so to cover my loss let me take the highest price I can get on the market. Buy Limit says this is the maximum price or limit I can buy this for. If it is higher than that, it is too expensive, forget it. SELL - Sell Stop says I will sell immediately it hits a certain price or lower else I might keep loosing money. Market is not in my favour. Sell Limit says I can only sell it at minimum this price because I know the market is in my favour so I can command more price.
@@rockwelltradingservices Let's say that I want to buy 5k shares, then I choose to buy at the "market price". 5k shares is around 20k USD (taking the lowest share price but the shares at not enough for 20k). Consequently, what if 1k shares are around 20k USD; however, the next 1k is at 21k USD, the next 2k is at 23k USD and the rest is at 25k USD. Here is my question: Since the price shares are increasing in order to buy the 5k shares I will spend an average price of 22.4k USD because I'm buying to people (let's say); or the trading platform completes the 5k shares at different different average price (22.4k USD) since I am choosing "market prince", maybe the trading platform have some shares and they want to sell it. Is that possible?
Thanks a lot, only your video could helped me after watching so many videos about orders! But for entry if you mentioned at shortcut buy is STOP, does it mean BUY: STOP LIMIT or BUY: STOP LOSS, or BUY: LIMIT ORDER? I’m confused with my broker apps selection🙏🏻
It seems I need to do another video. You actually have three options: BUY STOP BUY LIMIT and BUY STOP LIMIT. I’ll do a follow up video very soon. Stay tuned.
Very useful , excellent and simple instruction for something that can cause a headache to undestand and to cause more headache after losing some money :) ! Big thank .May I ask a question please? ? Larry Swing in his book suggest " 6 cents (1/16) above the previous day’s high". Does he mean 1/16 of share price or what? how much over price of the last do you put your order and what is it based on?
How do you set a STOP for the stop loss and a LIMIT for the profit target at the same time? ThinkorSwim only allows one pending order so I keep the stop loss in place.
This is the best video about this subject I´ve found so far... even like this I gotta say I didn´t understand it very well... If for example I want to buy AAPL in a limit order of 100, it means that the maximum priceI want to buy is 100. It makes no sense to me... why not to buy it on time at market price? When is it gonna be bought if the maximum price is 100? That´s extremely confusing
Greed and fear are the dangerous emotions when trading. To avoid those you have to set a limit. Sure you can adust it to maximum price but that will also put you in higher risk. So always limit your loss and take small but consistent profit.
Markus, I was actually looking for this exact question. To rephrase it: I don't understand why place an upper/higher limit to buy the stocks? I'm thinking we want to buy them as cheap as possible, so maybe put a lower limit, for ensuring their price dropped enough, when they are bought.