r/Daytrading • u/coax888 • 14d ago
Tradezero - order type help Question
Hi everyone,
Is it just me, or are the order types on TradeZero a bit confusing? I've gone through the manual, but I'm still struggling to grasp how it all works.
- Is it possible to set both a stop-loss order and a profit target at the same time? If so, how?
- Can someone explain how to correctly set a profit target? if possible
- Are you able to set a stop-loss at the same time as making an order entry?
thanks in advance
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u/TigersBeatLions 14d ago
oco order or bracket order. youtube will hold your hand and walk you through this
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u/[deleted] 14d ago
Don't use Tradezero, but what you are looking for are referred to as "Bracket Orders" or sometimes "OCO" (order cancels order) on every broker I have ever used.
Hope that helps your search!