Bracket Overview

Brackets help you integrate a risk management strategy directly into the creation of an equity or option order. Bracket orders are conditional orders you can attach to your stock or option orders that enable you to pre-define profit and loss targets where, if those targets are reached, the software will automatically send a market order to exit the position.

Bracketed orders consist of a primary order and up to three contingent orders, which if triggered, will close out the position opened by the primary order. Brackets can provide automated risk management for your open positions regardless of whether you are logged on to the software.

To set up brackets:

TIP:  See Managing Bracket Orders for more information on adding brackets to open orders and positions.

 

Certain aspects of the bracket orders are predefined:

You may establish up to three types of exits:

 

More on Managing Bracket Orders

 

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