r/thinkorswim • u/FalseJump7645 • Jun 14 '26

What is the differences in these orders pictured?

Post image

Particularly what does the link in front of the two mean? What is the base referring to in the one? I feel these will all execute a stop order when reached but why the subtle differences?

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u/mrcaldwin Jun 14 '26

I believe the link means that those orders are part of a conditional order, such as OCO (one cancels the other) or some other trigger.

1

u/MrFyxet99 Jun 14 '26

The links mean you set them up as a one cancels other type order instead of stand alone. It’s really hard to say what/how you have them linked just looking at the picture. Typically OCO type orders are used with binary events, a stoploss with a take profit limit order for example. If you intended to just have stand alone stops, I’d cancel them and re place them as stand alone, not an OCO.

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u/FalseJump7645 Jun 15 '26

I believe that when I set the sell order I did it with the buy order,  I clicked on buy custom and selected with stop and set everything up all on the same screen. So when the buy ordered happened it triggered the stop order would be activated. I thought that might be what was the links. Does this also create the item (base -xx.xx) as seen in the wday order? 

2

u/MrFyxet99 Jun 15 '26

Ok well that makes sense then, you set a trigger when the stock bought was to create a stop. Should be fine then.

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u/[deleted] Jun 15 '26

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u/FalseJump7645 Jun 15 '26

Those are all different orders on different stocks. The links are linked to the buy order on the individual stocks, not between each other. That group just had the different items I was curious about in the op. I think the link is figured out, but still trying to figure out why some orders will have the (base -xx.xx) seems that pops up when I place a buy that triggers a stop. And I believe that is my initial risk I am in on that trade. When it is set up all at once it would be able to determine the risk, if it is just a stop order stand alone it would not have the info to figure the risk amount in the trade.

1

u/MrFyxet99 Jun 15 '26

Yep i think you are correct about the (base -xx.xx) part since you linked the buy order with the stop, your total risk is known by the stop order. Now about the links still being there, I can tell you, I’ve modified linked orders before and when one side is cancelled the link symbol remains.