OCO & OSO Orders for Part-Time Traders
Swing Trading the Stock Market
Ryan Mallory
4.7 • 828 Ratings
🗓️ 31 August 2023
⏱️ 20 minutes
🧾️ Download transcript
Summary
Trading can be a daunting task, especially for part-time swing traders juggling other responsibilities. In this episode, I break down conditional orders, specifically OCO (Order Cancels Order) and OSO (Order Sends Order) orders, to help part-time swing traders maximize efficiency and effectiveness, even though they can't always be in front of their computer. I will walk you through the intricacies of these orders, when to use them, and how they can be your secret weapon in managing trades while you're away from the screen.
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Transcript
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| 0:00.0 | Using my Berkeley Card Forward Credit Card to pay for the stuff I need now |
| 0:03.2 | could help build up my credit school for the day I need something bigger. |
| 0:06.5 | So buying a set of headphones, or waits for my workout, smashed it. |
| 0:11.4 | Could help in the future when I want to rent my first flat share. |
| 0:15.4 | Now that's forward thinking. Check if you're eligible at barclaycard.cote. |
| 0:20.4 | 33.9% APR representative variables subject to application financial circumstances in borrowing history, T's and Cs apply. |
| 0:26.6 | Responsible use of a credit card can help build your credit score when you pay on time. |
| 0:29.6 | Hey, I'm Ryan Mallory and this is my Swing Trading, the Stock Market podcast. |
| 0:41.4 | I'm here to teach you how to trade in a complex, ever-changing world of finance. |
| 0:46.0 | Learn what it means to trade profitably and consistently, managing risk, avoiding the pitfalls of |
| 0:51.7 | trading, and most importantly to let those winners run wild. |
| 0:55.5 | You can succeed at the stock market, and I'm ready to show you how. |
| 1:00.3 | Hey, everybody. This is Ryan Mallory with Swing Trading the Stock Market and today's episode. |
| 1:05.0 | We're going to be talking about order canceles orders. We're going to talk about order sending |
| 1:08.9 | orders. We're going to talk about conditional orders in general. And how do they work? How do they work specifically for a part-time |
| 1:16.4 | trader that can't be in front of the computer all the time? Today's email comes from a guy. |
| 1:21.4 | He's from Quebec. He lives in Tasmania, Australia, and he asks for a good Canadian redneck name. |
| 1:27.0 | The only one that I could really come up with |
| 1:28.5 | was Claude. He came from Quebec. Claude Lemieux. He was an NHL hockey player, one of the good ones. |
| 1:34.0 | So, in this episode, Claude writes, Dear Ryan, thank you for all the work that you do with the podcast. |
| 1:39.4 | I'm a big fan. I won't say I stumbled upon it. Instead, I discovered it looking for high quality and realistic |
| 1:44.9 | trading education. Great content. Now, I apologize if you have covered some of these topics before, |
... |
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