How to Set Stop Loss and Take Profit in Webull | OCO Bracket Order
In today’s video we’ll be going over how to create a stop loss and take profit order in Webull. This is also called an OCO bracket order or One Cancels Other order.
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Timestamps
0:00 Intro
0:49 How to Create Stop Loss / Take Profit
4:55 OCO Bracket on Current Position
The OCO bracket order simply allows you to place two orders simultaneously. The first order is intended to close the position if you're losing too much money and want to cut your losses. The second order is to take profit. Whichever order fills first will automatically cancel the second order. Hence the name, OCO (One Cancels Other).
Within Webull you can create a bracket order on a position you already have open as well as a new position. Although Webull doesn't have as much customization available when it comes to advanced orders, it still offers a lot of potential.
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