A bracket order allows you to place simultaneous stop and limit orders. A stop order offers some protection in case the price of a security moves against you and you no longer want to hold onto it a limit order lets you take profits when your security reaches the desired target price. Remember, just like any stop order, bracket orders are not fail-proof. Always monitor your account to ensure your orders are in good standing.
To make braket orders easier to understand, we prepare the video below:
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