Support Board

Date/Time: Mon, 29 Apr 2024 00:27:16 +0000

Post From: Setting up OCO on the fly

[2019-04-14 23:25:48] Link To Thread - Link To Post [Go To First Post]
User19165 - Posts: 346
Support, I don't think you appreciate how fast real-time day trading can be for discretionary traders. My lot size, scale-in / out decisions happens within a second and needs to happen within this timeframe or else the opportunity is often lost. Wouldn't it be a lot simpler for me as the trader to click the DOM to join the bid to buy 5 lots (or some other amount determined in the moment) and then manually attach targets and stops of different amounts, for example 2 lots risk reduction target, and then stagger 1 lots at various other targets - all OCO. vs. Set up the attached OCO in the DOM but because want scale-out flexibility and execution speed I have to leave this set to 1-lot. Now in the heat of the moment I need to click that 5 times at the same price in the DOM. And now move the targets / stops around. The former is a lot simpler for me, as a trader.