Automatic Take Profit & Stop Loss on Tastyworks

Today we’ll learn how to place OCO bracket orders, or take profit/stop loss orders on the Tastyworks Desktop Platform. OCO bracket orders, also known as take profit stop loss orders allow us to automate our trading. We’ll quickly learn how to place this on one of our current positions, then as part of a brand new trade, and even how to do it on an option contract as well. These allow us to set orders in advance and have both the profit taking and stop loss orders work for us automatically.