How to Place Bracket Orders on Schwab StreetSmart Edge

In today’s video we’ll learn how to place OCO bracket order on the Charles Schwab StreetSmart Edge trading platform. Timestamps 0:00 Intro 0:09 What is an OCO Bracket Order? 0:46 How to Place Bracket on Current Position 8:47 How to Place Bracket on New Position You may also know this as a take profit and stop loss order, or a one cancels the other, but its all the same thing. You’ll use this as a simple way to automate some of your trading. Creating an order ticket to close you out of your position if things go against you, while also placing an order to close you out if you hit your profit target. Whichever order fills first, the other order is automatically cancelled. So basically, you’ve got protection on one side, and a profit taking order on the other. In today's video, we'll go through two separate examples. The first example will be an OCO bracket order on a position we already hold in the account. The second will be creating a bracket on a position we haven't even purchased yet. This will all be done to get you more comfortable placing OCO bracket orders yourself on the Schwab Street Smart Edge trading platform. ➤ Open a tastyworks account: https://start.tastyworks.com/#/login?referralCode=PKSKCFVD2J ➤ Start Investing with M1 Finance: https://m1finance.8bxp97.net/151KXm Disclaimer: Some of these links go to one of my websites and some are affiliate links where I'll earn a small commission if you make a purchase at no additional cost to you.