Stop and go
Sometimes you want to play it safer by clearly defining your risk level for an individual trade. Bracket orders allow you to set your target exit prices so you have peace of mind that your trades are being managed, without having to watch your stocks all day. Remember, just like any stop order, bracket orders are not fail proof. Always monitor your account to ensure you’re orders are in good standing.
Here’s how it works: when your stock reaches your desired high or low, it’ll send an order to the market. Added bonus: since you set your maximum stop-loss price at the time of the order, you won't allow emotion to affect your trading decisions. How’s that for market smarts?
Want to learn more? Visit our help and how to