This is a very wanted feature actually. Because currently there is no way to scale out of a position using Bracket order and continue to hold the remaining. It would be very nice if this could be done without entering the main position using multiple Bracket orders which again is not that practical.
What if a trader already entered his full position size in one go using BO. Then there is simply no way for him to be scaling out of his position. And entering another position using BO would only increase his permissible position size thus making him risk more than he is comfortable with.
Also another feature which is needed is the facility to modify the STOP LOSS and Target orders for a single stock that gets placed automatically after a BO gets filled , in one dialog by selecting them. Because many a times a position gets filled in multiple chunks and its really really inconvenient to select/modify each and every STOP LOSS and TARGET ORDERS in those chunk correctly “realtime”.
Just imagine seeing your 500 SBIN Long BO position getting filled in 10 paired chunks of STOP and TARGET orders. You would have to modify all of those 20 orders one by one realtime making it a huge distraction increasing the probability of errors and mishaps. Esp if you are trading multiple stocks realtime.
So please please do consider adding this feature to make things convenient, easy, smart and fast. BO by itself is a huge benefit for day traders which makes this issue even more crucial in order to make BO full fledged and trader friendly.