Bracketed Buy Order
Bracketed Buy Order is an investing strategy, by which investor sets a sell limit order above, and a sell loss order below a buy order's price. By doing this, investor will lock possible profits and prevent a significant loss without continuously follow the position.
For example, investor will place three orders: 1) buy order for 50 shares at $100; 2) sell limit order at $110; and 3) a sell stop order at $90.
| Related Terms: |