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.

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✅ Recommended Videos:

US Stock Trading in Canada: https://youtu.be/3dBLQYceTXQ
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How to Close 25% of Position in TWS: https://youtu.be/o0851T1fUSg

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Trading Content: https://www.youtube.com/watch?v=x4vIvu3aVZA&list=PLePBf4ZtCKhpOPE9vq6Gj6WhLHiTZ9Wbw

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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

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