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I am looking for a way to flatten all working and filled orders at a specific time but I am struggling to figure out a way to do this with Thinkorswim.
After looking throughout the software for an option, I am considering that creating a strategy may be the only way to go.
Can anyone help with this problem?
Thanks!!
Can you help answer these questions from other members on NexusFi?
Hmmm . . . I have never implemented a strategy with live trading. Generally, I am not at the point where I would need this other than to just flatten all of my orders and holdings at the end of the day.
I realize that the "Flatten Now" button accomplishes this, but I have to manually hit this at the time I want it to be entered. I would rather have this be automated at the time I specify.
Currently, I create closing orders that are timed to submit at the end of the day. There are several problems with this:
- The closing orders do not cancel any of my bracket orders or any other limit/stop orders I have entered.
- Often, I have stop orders that can reverse my position. If one of these orders are triggered, my closing order may double my holdings at the end of the day.
So . . . maybe a strategy is not the option I am looking for. Is there any way to essentially put in an order to "Flatten Now" at a specified time?
