Take Profit & Stop Loss Orders For Option Spreads (IBKR Mobile App)
Did you know you can automatically attach a take profit and stop loss order to your option spread trade in the IBKR mobile app? Here's how.
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🚀 The Easiest Options Trading Beginner Guide You'll Ever Find ➡︎ https://www.tradingoptionsdaily.com/o...
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In this video, you'll learn how to set up both a take profit and stop loss order for option spreads inside the Interactive Brokers (IBKR) mobile app.
First I'll show you how this is done when selling a new credit spread and also when buying a new debit spread.
Then I'll show you how to attach these same take profit and stop loss orders to a credit spread that's already in your account.
This way you'll be able to limit your downside risk and lock in your upside profit no matter how you trade option spreads!
Enjoy!
Time Codes:
0:00 - Introduction
0:21- Attaching A Stop Loss/Take Profit When Selling A New Spread
7:11 - Attaching A Stop Loss/Take Profit When Buying A New Spread
11:30 - Attaching A Stop Loss/Take Profit On A Spread Already In Your Account
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How To Protect Your Trades With Bracket Orders [Stop Loss + Take Profit] ➡︎ • How To Protect Your Trades With Brack...
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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.
#andrewferguson #ibkrtakeprofit #ibkrstoploss
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