MANUAL TRAILING STOP LOSS ON OPTIONS ACTIVE TRADER thinkorswim

Once the trade starts going in your direction you can move your stop loss up near your breakeven point & beyond as your profits increase. I entered this bracket order before leaving for work today & my profit target of 45% came up short at 43% & that's why I went ahead & held it overnight.

Comments

1. that tool works also in paper money?
2. Quick question, and this is to make sure I'm on the same page as you. I was told to let it go if it's going your direction up/down it being a call/put, but here if I'm seeing this right... you suggest setting it to get out even after it's made you a certain amount of money? In other words "scalping" the contract, or do you just let it go to make you as much as whatever you're going to make? Of course that's if to say for example that it's actually going in the direction you want it go.
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