Bracketed orders may allow new investors to combine the best of both worlds. You can protect your profits, limit your losses, and structure your brokerage orders according to your own outlook for a stock or exchange traded funds.Bracketed orders go one step further than trailing stop orders. Just like the latter, you set a trailing stop as either a percentage or fixed spread (recall that on the previous page, our trailing stop was $2 for Hershey). In addition, however, you can establish an upper limit that, when reached, will result in the stock being sold.