Let's Learn thinkorswim's Powerful Risk Profile Tool | Getting Started with thinkorswim® | 4-29-24

Getting Started with thinkorswim® | Cameron May | 4-29-24
Characteristics and Risks of Standardized Options. bit.ly/2v9tH6D
In this video we discuss how to use the Risk Profile tool on the thinkorswim platform. We review how to add simulated trades, how to read the p/l graph, and how to add and manipulate price slices. We also discuss the probability/percentage display.
You just opened a new account and downloaded the award-winning thinkorswim® trading platform, and wow, where do you even start? We had the same feeling! Join your education coach for this weekly, basic overview of the thinkorswim® trading platform. When you feel like you understand the basics, then join one of our more in-depth reviews of this amazing software-Exploring thinkorswim® or Scripting with thinkorswim®.
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Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Please read the Options Disclosure Document titled "Characteristics and Risks of Standardized Options" before considering any option transaction.
New to thinkorswim? Check out my free RUclips video series for beginners!:
Lesson 1 of 8: Downloading and Navigating thinkorswim:
• Lesson 1 of 8: Downloa...
Lesson 2 of 8: Using the thinkorswim Monitor Tab:
• Lesson 2 of 8: Using t...
Lesson 3 of 8: Using the thinkorswim Trade Tab:
• Lesson 3 of 8: Using t...
Lesson 4 of 8: Using thinkorswim Charts:
• Lesson 4 of 8: Using t...
Lesson 5 of 8: Understanding the thinkorswim Scan Tab:
• Lesson 5 of 8: Underst...
Lesson 6 of 8: Using the Tools on the MarketWatch Tab:
• Lesson 6 of 8: Using t...
Lesson 7 of 8: Beginner’s Guide to the Analyze Tab:
• Lesson 7 of 8: Beginne...
Lesson 8 of 8: Tools, Education, and Help Tabs:
• Lesson 8 of 8: Tools, ...
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[@techfz1]

Great class

[@tradertalkswebcasts]

Glad you liked it! ^CM

[@tmille7]

great stuff, Cameron! I would love to know how you personally trade various strategies - verticals, condors, etc. From this video it seems that you may tend to trade verticals ITM - I guess to have a higher chance of winning the trade. Would be great to hear your thought process, like what greeks do you consider and other variables.

[@tradertalkswebcasts]

That's a good question, but as an educator, I avoid getting into my personal or preferred approaches, as it may send the signal that a similar approach would be appropriate for my audience members. Each trader has their own objectives, timeframes, and tolerances for risk, so I keep it educational, rather than advisory. But in any case, thanks for watching! ^CM

[@HarryLewinASR]

I would really loved to have seen the long call vertical compared to the short put vertical. Really impressive.

[@tradertalkswebcasts]

You may want to check out my video titled, "Options Verticals Showdown! Trade a Credit or Debit Spread?": ruclips.net/user/liveAdEJjL6Kbqo. Enjoy! ^CM