What is the OCO or Take Profit/Stop Loss feature on US Stocks?

The Take Profit (TP) and Stop Loss (SL) features on US stocks are features that allow you to set profit targets and loss limits automatically after purchasing stocks. However, there are some important things to know:

• The validity period of TP/SL is 30 calendar days and cannot be changed or extended manually.

• You cannot set Take Profit or Stop Loss separately without first placing a buy order (limit/stop limit). TP/SL can only be linked to a buy order.

• The new TP/SL feature will only be active if the buy order is successfully executed. If the buy order is not executed, then TP/SL will not apply either.

• If within 30 days TP/SL has not been executed, then the TP/SL order will automatically expire. Even if the price touches the TP or SL level after the expiration period, the order will not occur..