How to Create an Exit Plan in E*TRADE [Tips for Trading while Traveling]

Trading while traveling, or just when you are away from your regular trade desk, may pose some unique challenges for successful trading.

In the BeachBum Trading Tips for Trading while Traveling series of videos, we will compile, test and share with you Tips for Successful Trading while Traveling and/or when you are away from your regular trade desk.

In this Tips for Trading while Traveling video we will share with you how to quickly and easily create an Exit Plan in E*TRADE. This Exit Plan in E*TRADE consists of a Good Until Canceled (GTC) One Cancels Other (OCO) order comprised of a Limit Sell Order and a Stop Limit on Quote Order on a Position in E*TRADE. An Exit Plan in E*TRADE allows you to automatically take profits and/or minimize losses on moves up or down in the Stock Price of your Position, for stress free trading, if/when you are traveling or away from your regular trade desk.

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