Profit targets in IB TWS

Discussion in 'Retail Brokers' started by GekkoToBe, May 18, 2011.

  1. Hi,

    Which order type would you use as a profit target in TWS ?

    eg. I bought SLV at $35.00 and want to place an order to sell if it hits $35.70.

    Market-if-touched looks interesting. Is this what people use for profit targets?

    Cheers.
     
  2. Yes MIT is what I use for targets, but keep in mind that turns into a market order, you can also do a limit sell if the stock isn't very liquid.