Thinkorswim (TOS) Tutorial: How to set up a Customized Contingent Bracket Order (OCO) - Part 3 of 3 | Tackle Trading: The #1 rated trading education platform

Thinkorswim (TOS) Tutorial: How to set up a Customized Contingent Bracket Order (OCO) – Part 3 of 3

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Last update: July 2021


In this final video of the series, Coach Gino Poore takes the OCO Contingent Bracket Order to the final step by adding a target trigger to the mix. So now you can put in your entry trigger, exit, and target trigger at the same time and be done with the trade. Very convenient for placing trades after hours or during or for using a watchlist like the ones in Scouting Reports where we give you our trigger points then all you have to do is determine how many contracts you are doing and plug in the numbers into the bracket order.

This bracket order is useful for placing trades after hours and for protecting the trade when you aren’t around to put a stop in.

In this 3-part video series, you have learned:

  1. How the OCO Bracket Order is used (Video #1);
  2. How to build a customized OCO Bracket Order and save it as a template on Thinkorswim (TOS) (Video #2);
  3. An advanced trick on how to put a target trigger in place (Video #3).

Video 3 of 3: Learn an advanced trick on how to put a target trigger in place


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12 Replies to “Thinkorswim (TOS) Tutorial: How to set up a Customized Contingent Bracket Order (OCO) – Part 3 of 3”

  1. Thanks for the video. I was looking for a way to set up my spreads as bracket orders so I could fire and forget them if need be.

  2. Mark Carroll says:

    Great Gino! Love these videos: clear, concise, easy to understand, very helpful.

  3. Paul Buttars says:

    Gino I have struggled with this order, you have made it crystal clear! Thanks!

  4. Glad you like it thanks for the comments, G.

  5. T.H. Ooi says:

    This is real cool.
    Thanks a lot Gino.

  6. Natalia Zamarlik says:

    Very cool indeed! Thank you!

  7. Khurshed Birdie says:

    Gino, I am a new member of Tackle Trading. The 3 videos for contingent orders are excellent. However I do have a question; if I buy 2 option contracts in 1 order, can I set up 2 targets at different prices. I want to take an initial profit and let it ride for a bigger profit. How do I do this with TOS?

    Khursh

  8. J. Par says:

    Nice work. thanks for sharing!

  9. Deyder CintronCintron says:

    Thank you so much, Gino! These videos have been so helpful.

  10. timzapf says:

    Thanks coach
    These videos are always helpful

  11. STEWGILGIS says:

    Very helpful, easy to understand.

  12. IreneMar says:

    Love the step by step method, practice and wanted to implement right away. Tapping into the scouting reports was also great, specially when you give specific info on the targets; however, I must be doing something wrong because my trades were rejected. 🙁
    Armed and ready…flop!

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