Orders: entry, stop and target in one

You don't place a naked entry on Graybook. Every trade is one order with three parts: the entry, the stop loss and the take profit. The stop sets the loss the trade is designed to take; the target sets where it closes in profit.

The three parts of an order

1. 1

   Entry

   Where the position opens, at market or at a level.

2. 2

   Stop loss

   The planned maximum loss, in points and in dollars, shown before you confirm.

3. 3

   Take profit

   Where the trade closes in profit. Positions also close if you close them yourself.

Risk you can see first

Because the risk of each trade is known before it is placed, you can see how many trades at that risk the account's max loss allows. The position has no expiry: it runs until you close it, the stop fills or the target fills.

Drafting an order with Vig

You can type an order in plain words, such as "buy 2 NQ, 20-point stop, 40-point target", and Vig fills in the ticket. You still press Buy or Sell yourself.