In this video David Jones shows you how to set Stop Loss and Take Profit orders for your trades in Trading 212. With detailed comments and instructions for a real-life trading situation, this guide lets traders understand their value, as well as the reasoning that stands behind them. Regardless of the volatility of your preferred Forex pair, commodity or index, Stop Loss and Take Profit orders can make the difference between winning and losing by allowing you to manage your own risk.
At Trading 212 we provide an execution only service. This video should not be construed as investment advice. Investments can fall and rise. Capital at risk. CFDs are higher risk because of leverage.
crisp and brilliant
What chart do you use to trade?
I mean time frame and how you know when to trade?
Hi, Daniel. That depends entirely on your trading style, strategy and preferences.
if you’re buying when it’s forcasting a loss then you’re doing it wrong.
don’t think I’ve ever used a stop loss.
If its declining and you expect a bounce then you put one in to make sure you dont lose a bundle when your prediction is wrong.
Love your videos David!
Can you do a video on a reference guide to what time intervals that are recommended per chart per trade? Ex) if trading an hourly, you should be using a 10 min chart.
Or is this info that a trader would keep to themselves?
Hi, Tony. The choice of the chart’s time period is up to your trading style and preferences. In general, the bigger the time period, the more reliable the trading signals.
Great video.
If you trade Litecoin, you must put your Stop Loss before you place the deal:D
2000 Quantity in this case means 2000 EUR to convert into dollars right? If so, this means the same when we are trading CFD’s? The concept of quantity is sometimes gray to me in CFD’s when opening a trade..Minimum quantity in CFD’s stocks can be as low as 5-10..this means number of stocks or currency (pounds)?
Thanks!!
Hi, there’s a video coming later this week that will explain the idea of trade size in a lot more detail, so should all be clear after that.
I didnt here anything here regarding stop loss
Hi Sipho, you may want to take a look at the following videos as well:
3 Tips For Stop Losses – https://youtu.be/nZeavIuaXrA
The Disciplined Way To Move Your Stop Loss Order – https://youtu.be/hkKwPn56vm0
Where to Place Your Stop Loss Order – https://youtu.be/KQW2x86BH1U
Managing Your Stop Loss – https://youtu.be/ip9Zu6J5WZQ
Moving Your Stop Loss Order – https://youtu.be/UGTtALb0VXs
Love the office setting. Looks like a movie set.
I did like you said but then decided to close my position by clicking on the red X. I was expecting to receive a message confirming I had closed the position, and to see the total of profit/loss made, but so far I have not received any message. Does that mean that if you click on the red x that then cancels the trade as if it never happened. I am using the practice account EUR/USD
Hi Kelvin, by clicking on the red X the order is being executed. Rest assured, this is confirmed by a message. You can review your trading account’s positions history in the Reports section of the trading app. Please feel free to get in touch with the customer care team, should you have any other questions – http://www.trading212.com/en/Contact?startchat.
thank you for sharing. what can i do to trade independently?
You can open a trading account with Trading 212 – http://www.trading212.com/en/Free-FOREX-Practice-Account-GBP.
Keep it up dude.👍
Hi.I have one quick question when will you take your winning bids?
Sir whenever I’m trying to put a stop loss it makes a silly sound as sign of rejection, but after removing the stop loss I can successfully trade. Do you know what the problem might be? Plz help
Please start a live chat and provide further details. The situation will be personally reviewed – http://www.trading212.com/en/Contact?startchat.
David Jones where’s your locker?
Thank you for making these
very happy seeing this trading forex has been a blessing to me
What are you basing the Stop-lost and Take-Profit numbers off of? Trying to understand better.
Did you get your answer mate? Are you still trading?
I like to set stop loss but i dont like to set win rate or take profit
It can be useful to clear your stress levels, just set both and then trades happen if you’re looking at it or not. It used to drive me crazy looking constantly
I’m a beginner and I still don’t know what stop loss means. Does it mean that If a trade go bad it will stop me from losing and more money? Or does it cancel the trade when it goes below the buying price?
A Stop Loss order will close your position at a certain price, so you may limit the maximum potential permissible loss for the position, in case the market turns against you. You may read more about the Stop Loss orders at http://www.trading212.com/en/Frequently-asked-questions?cId=5.
@Trading 212 Does taking profit close your position with that stock and automatically sell it?
very brief and the screen is hardly visible. Perhaps you could cover the pending orders and also the ratio between stop loss and take profit and its associated risks/gains.
Hello David, I am new the to the trading world, my question is every time I try and place stop loss to 3% I keep getting a message saying stop loss value is too close to the current market price but if I am only trading with $100 and my stop loss only 3% I don’t understand why its asking to take more the 69% please help.
penguin. This is because of the bid/ask spread price.
Can we use trailing stop in Android phones on mt4 platform???
clearly explained without much confusion to contend with. Thank you for the video helping us beginners along foreign territory
How cant you put a stop loss on or take profit on 212 invest
why is mine so different looking
yeah have they changed it? equity stocks are so weird now for editing these I don’t even have the option to do so prior to entering the position
Hi, where is the advanced trading button? You have an icon that comes up on yours but there’s no such think on the site anymore.
Different method in INVEST.
1. open “BUY”
2. set limit
3. in “Pending orders” can edit limit
What trading platform is this?
If you set a market order with a stop loss and take profits. Trading212 doesn’t allow scalping, what if your stop loss or take profits hit the target less than 5 minutes after the market order. Is that allowed ?
By the time you filled up the ticket, the price already moved many pips. Can you buy first then edit it later?
how to get trading 212 on my laptop
David, this video is not relevant anymore, the options seem to have changed and the platform doesn’t have the buttons you mentioned. I don’t see an option to setup StopLoss (and Take profit) at the trade time and no option to put a SL after a trade is open. Any suggestions is much appreciated. Thanks.
what mode is this?? CFD or Invest? Why not specify that at the start. I still don’t understand enough of this. Frustrating. What are the type of points are the point you reference. I’m struggling to stay awake here. Why isn’t there a short playlist that is chronological, succinct and efficient on how to operate the 212 and one for each mode. CFD is totally different to Invest and ISA (which seem to be the same?)
I had exactly the same question. Its says ‘pro’ top left of his screen so i wonder if it looks different for that reason.
Here is what I have found.
1. CFD gives you the ‘stop loss’ option.
2. Invest/ISA dont. They give you minimum buy and sell prices but I havent worked out if you can short shares yet.
2. In invest you can only set minimum sell prices if you not using fractional shares
3. invest and ISA are the same. The difference is to do with tax.
CFDs seem too risky compared to the invest side and I just about managed to break even after about a week. In invest I am making money but I have not seen any obvious stop loss yet.
So all well said but i ca,’t even get the chart in full screen, how does that work? Also how do i buy or sell by putting the amount in myself instead of clicking a price i don’t want.
It was very educative, Thanks David, how can we continue to the next trade?
Sorry. But sir hope you focus your camera on computer screen while you’re talking.
Thanks.
Can you please show how to do a stop loss on trading shares rather than trading money as I do not get the stop loss box on my screen when trading shares, thank you for the videos
Can’t see anything in screen only can you talking.😑
Great video. On my ‘Investing’ account portal there isn’t ‘Stop Lost” and ‘Take Profit” on Trading 212. Instead I have ‘Market’, ‘Limit”, ‘Stop’ and ‘Stop Limit’. So, which one would apply to ‘Stop Lost’ and ‘Take Profit’? Thanks.
That’s a very good question. 🙂 Have you already got any useful answer?
I think it’s not possible. I found out only 2 partial options.1. set a stop as a stop loss and simultaneously set price alert 2. Set a limit as a také profit and set a price alert for lower price as a stop loss.In both cases you need to sell stock personally becouse it’s not supported oco with regular stocks.
Why this is not available on the app for stocks?
Why does it keep telling me ‘Stop loss price is too close to the current market price’
Why does my platform look dif?
Can you set limits after order is executed
Thanks for this excellent video as always, David. While I am not in currency trading, this is still useful. Do you have a video in stock trading on the same topic, if not, can you kindly make one. Here what I like many others would wish to see is the criteria to determine the SL and take profit.
Also, in-stock trading in the US market, you can not place both stop loss and take profit together.
why doesnt this work for stocks
Is it free to use stoploss and limit order?
How does stop loss and take profit relate to stop, limit, & stop limit on the app version?
Could you please explain the difference between a “TAKE PROFIT” and a “LIMIT” order?
They seem to do the exact same thing.
So we can’t set a take profit order on the OCO facility?