Creating a bracket order

A bracket order enables you to place simultaneous stop loss and limit orders in the market. The stop loss order acts as a protective stop-loss if the security's price falls, while the limit order is your desired profit target. Bracket orders help automate the management of your trades, reducing the need to monitor each position manually. In addition, they allow you to define your profit and risk level when the bracket order is entered. Since you're setting your maximum profit limit and stop-loss price at the time of the order, you won't allow emotion to affect your trading decisions. In this tutorial, we show you how to enter into a position and attach a bracket order to it to set your profit target and limit your risk using IQ Edge. Open an account: http://www.questrade.com/account/online Account management: https://my.questrade.com Online help: http://help.questrade.com/ Community: https://community.questrade.com/

Comments

1. if  their is a big drop and goes right to $33  would the STOP still sell at the best price it can take(market)? like sell all share @ $33 or (different scenario)keep going down hard and 75 share sells @ $33 and then the remainder 25 sells for $32.90.....?
2. $40.32- $35=? not $4.68
3. l
4. To: Questrade:
   Regarding trailing stops:
   
   This may or may not be possible, but certainly philosophically quirky.
   What is your idea of this, regarding its feasibility to have a:
   
   sell limit trailing "gain." for a profit and a
   sell trailing stop?
5. Anyone know how i can check how many stocks i own and of which companies?
6. How many limits and stops can you put on an order?
7. i cant move my stop loss after entering a trade
8. Yes I would love to have contingent orders, I trade from TOS (Think or swim) but they do not have any RRSP or TFSA acct. , and I have to trade out TD web broker, which don't have any stoploss for calls or puts
9. Will these bracket orders work on OPTION TRADES CALLS AND PUTS INCLUDING THE STOP ON THE OPTION PRICE AND OR STOP ON THE STOCK PRICE to stop you out of the call or put
10. Excellent order management feature. Can we use bracket orders with penny stocks?
11. when will bracket orders be available for those on IQ Web? is there a plan for it?
12. This is a cool feature and it seems a step closer to full contingent orders. Questrade, what is the plan to implement full contingent orders, e.g. If the price of MA is >$77.21 between 3:45 pm and 4:00 pm, buy 3 MA Oct 2014 $75 Call options.
13. u can also attach bracket to an already opened position...... right click.on the symbol in account summary or position +(attach bracket)....
14. Hi yojimboe, 
    
    After the primary order is filled, you can still modify the stop loss order's price and quantity fields.
    
    To learn more, please visit: 
    http://help.questrade.com/how-to/iq-edge/order-entry2/bracket-orders/modifying-a-bracket-order#.U5X48fldU1I
15. Wow!  This is great! From what I have read this has been a long time in the making. Can you please just work out the kinks in your math as the loss amount you have calculated is wrong.@3:42 The lose should be 40.32 - 35 = 5.32 or $532 for the order.