How to Scale Out a Trade in TWS
This video shows various methods for scaling out of trades using the TWS trading platform by Interactive Brokers. In the beginning of the video we covered the basics of scaling out and showed a proper implementation of scale out in a different trading platform. There is only one method in TWS that supports auto adjusting the order quantity of an attached stop order to the remaining position size. This video shows other helpful tips for using TWS so watch it entirely with reference to the timestamp below.
Broker used to Trade Stocks: 📈
https://www.InteractiveBrokers.com/mkt/?src=verrilloy4&url=%2Fen%2Findex.php%3Ff%3D1338
If this video helped you, clicking the link above helps support these videos. ↖️
Service used for Currency Conversion & Cross-Border Banking: 💸
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✅ Recommended Videos:
US Stock Trading in Canada: https://youtu.be/3dBLQYceTXQ
IBKR Market Data Guide: https://youtu.be/tybaarHcA2U
How to Close 25% of Position in TWS: https://youtu.be/o0851T1fUSg
☑️ Recommended playlists:
TWS Tutorials: https://www.youtube.com/watch?v=PeLgfvPFPv8&list=PLePBf4ZtCKhq0cVloJ-a8FIS2XdAbjKzG
Trading Content: https://www.youtube.com/watch?v=x4vIvu3aVZA&list=PLePBf4ZtCKhpOPE9vq6Gj6WhLHiTZ9Wbw
Feel free to ask questions below. 📩
DISCLOSURE OF MATERIAL CONNECTION: VerrilloTrading may have an affiliate relationship and/or another material connection to any persons or businesses mentioned in or linked to in the content above, and may receive commissions from purchases you make on subsequent web sites. You should not rely solely on information published by VerrilloTrading to evaluate the product or service being offered.
Disclaimer: The content that this channel provides is intended for educational purposes only. Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. The risk of loss in trading commodity interests can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition.
00:00:59 What is scaling out? (for beginners)
00:02:48 Proper scaling out shown with Sierra Chart/TWS
00:06:55 First method to scale out in TWS
00:09:08 Configuring a scale out target
00:11:44 Platform display of scale orders
00:14:19 The main issue with this method
00:16:34 Idea for how to do it with a program
00:18:12 Attach OCA bracket to existing orders and trades
00:19:54 Add OCA bracket to an existing position
00:21:21 Manual order quantity adjustment
00:22:50 Important info about attaching brackets to a position
#trading #tutorial #interactivebrokers
“Interactive Brokers provides execution and clearing services to its customers. Influencer is not
affiliated with, recommended by or an agent of Interactive Brokers. Interactive Brokers makes no
representation and assumes no liability to the accuracy or completeness of the information
provided in this video. For more information regarding Interactive Brokers, please visit
www.interactivebrokers.com.
None of the information contained herein constitutes a recommendation, offer, or solicitation of
an offer by Interactive Brokers to buy, sell or hold any security, financial product or instrument or
to engage in any specific investment strategy. Investment involves risks. Investors should obtain
their own independent financial advice and understand the risks associated with investment
products/services before making investment decisions. Risk disclosure statements can be found
on the Interactive Brokers website.
Influencer is a customer of Interactive Brokers. Interactive Brokers and Influencer have entered into a cost-per-click agreement under which Interactive pays Influencer a fee for each click-
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