In today’s video we’ll go through the process of setting up a stop loss and take profit order on the Webull Mobile App. You may also know this as a OCO bracket order or One cancels the other order.
You’ll use this as a simple way to automate some of your trading. Creating an order ticket to close your position if the stock goes against you while simultaneously having another order out to close the position if it ever hits your profit target. Whichever order fills first, the other order is automatically cancelled.
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