Conditional Orders (OCO)
Conditional Orders Available with Tradier Brokerage
One-Cancels-the-Other (OCO) orders allow two orders to be placed at once, combining a Limit Order and a Stop or Stop/Limit Order. If/when one of the orders gets triggered and is executed, the other order is immediately canceled.
Such orders offer ways to take profits off the table while limiting exposure to losses.
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- Opening Order OR the existing Position to Close
- Select “Bracket (OCO)”
- If the trade is favorable, the Limit Price will trigger to close and secure profit.
- If the trade is unfavorable, this Stop (or Stop Limit) Order can limit your loss
- Duration: “Day” or “Good Til Canceled”
- Summary of the Bracket-OCO Order
- Review for accuracy, then Submit on the next screen