Turning 30 is one of the major milestones in one’s life, be it in career or personal life. There are a lot of targets that a person wants to touch by this age, and it is generally considered an age of important decision making like marriage, stability in job, planning kids etc.
Bracket order is a type of intraday order where you can enter a new position along with a target/exit price and a stop loss order. As soon as the market order is executed, the system places two more orders for profit booking and stop loss. When one of these two orders are executed, the other order is cancelled automatically.
It is a special type of order for intra-day positions and to take advantage of extra exposure while being protected through a stop-loss order. With the help of this feature you can place two orders, one to take position at market price and the other one to cover the same by specifying stop loss trigger point (SLTP) and the limit price. This strategy not only helps limit your risk but also helps in maximising your profit, as it gives you a clear view of your maximum downside in that particular position beforehand.