7 Minute Read

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

January 16, 2015

By | 12 Comments

Learn how to trade on Thinkorswim like a PRO! Try Tackle Trading FREE for 15 days.

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


Tackle Trading Tutorials on Thinkorswim

Thinkorswim is the most popular trading platform in the entire market. Tackle Trading has all the resources you need to MASTER Thinkorswim like a PRO.

Thinkorswim Tutorials [Free Videos]


Tackle Trading: Financial Freedom is a Journey. Sign up now for a 15-day free trial.

Financial freedom is a journey

Sign up now and gain unfettered access to all of the quality content and powerful Scouting Reports that our Pro Members enjoy for 15-days absolutely free with no strings attached and let us show you what your trading has been missing.


Legal Disclaimer

Tackle Trading LLC (“Tackle Trading”) is providing this website and any related materials, including newsletters, blog posts, videos, social media postings and any other communications (collectively, the “Materials”) on an “as-is” basis. This means that although Tackle Trading strives to make the information accurate, thorough and current, neither Tackle Trading nor the author(s) of the Materials or the moderators guarantee or warrant the Materials or accept liability for any damage, loss or expense arising from the use of the Materials, whether based in tort, contract, or otherwise. Tackle Trading is providing the Materials for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and are not intended to represent specific trades or transactions that we have conducted. In fact, for the purpose of illustration, we may use examples that are different from or contrary to transactions we have conducted or positions we hold. Furthermore, this website and any information or training herein are not intended as a solicitation for any future relationship, business or otherwise, between the users and the moderators. No express or implied warranties are being made with respect to these services and products. By using the Materials, each user agrees to indemnify and hold Tackle Trading harmless from all losses, expenses and costs, including reasonable attorneys’ fees, arising out of or resulting from user’s use of the Materials. In no event shall Tackle Trading or the author(s) or moderators be liable for any direct, special, consequential or incidental damages arising out of or related to the Materials. If this limitation on damages is not enforceable in some states, the total amount of Tackle Trading’s liability to the user or others shall not exceed the amount paid by the user for such Materials.

All investing and trading in the securities market involves a high degree of risk. Any decisions to place trades in the financial markets, including trading in stocks, options or other financial instruments, is a personal decision that should only be made after conducting thorough independent research, including a personal risk and financial assessment, and prior consultation with the user’s investment, legal, tax and accounting advisers, to determine whether such trading or investment is appropriate for that user.

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!

Comments are closed.

Chart Modal

Tackle Trading