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Order Types
What Is a Bracket Order? Entry, Target, and Stop in One
The bracket order is discipline in a single ticket: it forces you to define your exit before you’re in, then executes it without you.
NoVo Options Trading · 2026
A bracket order automates a whole trade at once: an entry, a profit target, and a stop-loss placed together. Once your entry fills, the target and stop become an OCO pair (one cancels the other). It’s discipline built into the order.
How it works
You define three things up front: the entry (market or limit), a target (a limit to take profit), and a stop to cut losses. When the entry fills, both exits go live as a linked pair — hit the target and the stop cancels; hit the stop and the target cancels. The whole trade is managed automatically from entry to exit.
Why it enforces discipline
Bracket orders force you to pre-commit your exits before you’re in the trade — when you’re calm and objective, not mid-trade when emotion takes over. That’s exactly the behavior that separates disciplined traders from the rest: the stop is set, the target is set, and neither depends on your nerve in the moment.
A bracket order is your whole trade plan in one ticket: enter here, take profit there, cut it there — decided in advance, executed automatically.
The takeaway
Bracket orders are a great manual tool for enforcing a plan on every trade. NoVo takes the same idea further: one-click execution attaches a stop and a full exit ladder (multiple scaled targets, not just one) automatically — a bracket on steroids, built for scalping.
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NoVo is a software tool for market analysis and for executing trades you initiate, not financial advice. This article is general education, not investment advice. Options trading involves substantial risk of loss, up to and including your entire capital. NoVo makes no guarantee of profit, win rate, or performance, and past results do not predict future outcomes. You are responsible for your own broker account, configuration, and trading decisions.