Orders

[Turboman24]

Are there any brokers or platforms that would allow you to make a trade and then put two stops in - one as a stop loss and one as a profit target - both would be GTC and even more ideally - when one is hit, the other is automatically be canceled. Is this possible? Seems like a reasonable request for someone looking to work a job and position trade.

 

[speedy]

That's called OCO - one cancels other. Yes, brokers do have this.

 

[Gordon Gekko]

Quote from Turboman24:

Are there any brokers or platforms that would allow you to make a trade and then put two stops in - one as a stop loss and one as a profit target - both would be GTC and even more ideally - when one is hit, the other is automatically be canceled. Is this possible? Seems like a reasonable request for someone looking to work a job and position trade.

i know IB lets you do it. i'm sure others do, too. IB refers to it as OCA (one cancels all).

 

[j_medved]

Interactive Brokers has this.

 

[Turboman24]

Thanks guys