How to Place Conditional Orders on ThinkorSwim |Automate your Trading In todays video we’ll be going through all the steps needed to create a conditional order on ThinkorSwim. Conditional orders allow you to create far more complex orders and somewhat automate your trading. It allows you to set parameters that need to be met before an order is submitted. This could be based on simple things like stock price or time. They could also be far more complex, based off technical indicators or fundamentals. Many options traders will also utilize conditional orders in order to place opening/closing orders on their options but base the price on the underlying stock. Many times this would be used if a trader has a buy/sell target but this is based off the stocks support and resistance rather than the option contract itself. In this video we’ll go step-by-step through entering stops on options based off the stock price. We’re going to go through each of these, but if you want to skip to a certain type of conditional order – check out the time stamps down below. Timestamps: 0:00 – Intro 1:15 – Time Contingent Order 4:02 – Study Condition 8:10 – Condition based on underyling stock 9:47 – Conditional Order Acting as Stop