How To Protect Your Trades With Bracket Orders [Stop Loss + Take Profit]
Bracket Orders can be used to automatically attach a stop loss and take profit order to your trade. The best part is you can set them up when entering your trade or afterwards, whatever you prefer.
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In this video, you will learn how to set up and use bracket orders for trading inside the Interactive Brokers TWS platform.
Bracket orders can be used when buying/shorting shares of stock and when buying/selling options.
You'll see me walkthrough how to set up a bracket order (stop loss + take profit) for each scenario above.
Plus you see how to do it when making your initial trade for each and how to do it once you already have a trade on in your portfolio.
Enjoy!
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Disclaimer: I am not a financial advisor, this material is for educational purposes only. Please do your own research before making any investment. This video is not sponsored but some links above are affiliate links. They do not cost you anything but I may make a small percentage if you choose to buy a product.
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