Friday, July 23, 2010

[TheOptionClub.com] How to Set Triggers for Broken Wing Butterflies

 

Hi Guys,
I'm getting good at finding Broken Wing Butterflies (BWB) that have a good likelihood of success. But I always set my trigger to sell before the trade goes negative. My problem is that I use market orders to get out of the trade and I'm getting killed on triggers. Is there a way to set dynamic limit orders based on the type of trade? Or am I making this to hard? I use thinkorswim.
Thanks.
Chris

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