Here are the parameters you can set to create a "break even" hotkey in the WT Sim. You may hear Ross refer to his own breakeven hotkey as CTRL + B which is what we have set this to in these suggested settings.
In trading, "breaking even" means you have neither made nor lost money. Note: the above break-even hotkey doesn't factor in commission costs, but you can adjust your settings in a live platform to break even with consideration to commission costs as well.
The purpose of the break-even hotkey is usually to create a no-risk trade for a remainder of shares that you have already profited from in a trade. It is best to always make sure to first cancel any pending orders when making any new exit orders (i.e the existing stop that went with an original order) and then place a your new stop order.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article