Hello, I am re-posting this thread I started 10 days ago in the psychology and money management section. I hope this is not against forum policy, and someone in the know can help.
This is a question that has puzzled me for some time.
Popular platforms among retail traders like Ninja/Sierra/Multichart all offer order management tools such as multiple targets, move stop to breakeven. Strangely they're not found in platforms that more or less geared toward professional traders such as CQG/CTS.
Is it because professional trader do not care about order management? Or they have more sophisticated tools that I'm not aware of?
Pros are using machines to trade for them. Veteran traders are executing the order managment mentally so they don't blow their cover.
When you place a bracket order it is easily discovered since there are bots out there monitoring all the bid ask changes to reveal who is on the other side of the trade. Usually retailers use bracket orders.
Hope this helped
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