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[User Discussion] - Selling partial order

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[2021-02-06 21:28:56] #1 [Go To First Post]
58LesPaul - Posts: 429
Does everyone use target orders? I’m curious, if I’m in 4 contracts with a stop below and decide to sell 2 contracts and continue the same stop for the other 2 contracts, how do you initiate this? Do I have to go to the DOM or chart window and change quantity to 2, place a market order for those 2 contracts and then change the quantity on the still active stop to 2 contracts? Thanks

[2021-02-07 18:51:51] #2 [Go To First Post]
ianf - Posts: 8
I was hoping you were going to ask something more complicated. Since I'm interested in 'splitting' i.e 4 unit entr with SL, price moves 6 ticks in my favour so set SL on 2 units to +4 (locking in some profit) but only move SL for other 2 units to +1 allowing rest of the trade more breathing room. In answer to your question: Yes, the easiest way is to use the DOM set the quantity to 1 or 2 and just sell the contracts you wish to take profit on. Use either with a Limit Order, a Stop Order or a Market Order. But if you had an auto strategy set in the Dom and used that for your entry, then you don't then have to adjust the quantity on the original SL since it will do it automatically. However if you had set up a strategy with 4 units and 3 take Profits and manually exited 2 units, your 3rd TP would still exist even though with only 2 units left and a total of 3 TP's your would never get there!

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