How To Use Bracket Orders For Day Trading | How To Use Take Profit/Stop Loss WeBull

How To Use Bracket Orders For Day Trading | How To Use Take Profit/Stop Loss WeBull (How to Place a Bracket Order)

What is a Bracket Order?
A bracket order is essentially a cluster of orders that are released at the same time.

Suppose you want to purchase a stock when it trades down to $29.80.

What order would you place? A buy limit.

But when it trades down to $29.80 and you get filled, you will have to put in a stop-loss order automatically.

What if you forget and the stock drops 50%? This is why traders love the bracket order.

The bracket order releases both a buy and sell order at the same time – which are “bracketed” together.

So if you want to buy the same stock at $29.80 and set an automatic stop at $29.50 you will place a bracket order that will:

Buy limit at $29.80
Sell stop at $29.50
This will automatically ensure you have a protective stop as soon as you are in the trade, which removes the entire process of having to place a stop loss manually. Your risk management life just got easier!

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DISCLAIMER: Valentine Nde, including but not limited to any guests appearing in his videos, are not financial/investment advisors, brokers, or dealers. They are solely sharing their personal experience and opinions; therefore, all strategies, tips, suggestions, and recommendations shared are solely for entertainment purposes. There are financial risks associated with investing, and Valentine Nde’s results are not typical; therefore, do not act or refrain from acting based on any information conveyed in this video, webpage, and/or external hyperlinks. For investment advice please seek the counsel of a financial/investment advisor(s), and conduct your own due diligence.

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Видео How To Use Bracket Orders For Day Trading | How To Use Take Profit/Stop Loss WeBull канала Mr. Money Geek