What is a trailing stop order?
A trailing stop order is either a stop loss or stop limit order in which the price of the stop adjusts automatically when market conditions move in your favor. It can help you protect profits while also providing downside protection. With a trailing stop order you do not have to manage your open stop orders by constantly adjusting for price changes. Learn more about trailing stop orders.
A Trailing Stop order is a stop order that adjusts as the price of a security moves. The stop price is placed at a set distance above or below the current price. The stop price then adjusts in the selected direction as the price of the security moves. OptionsHouse provides an Advanced Order ticket to enable this type of order. Basic Trailing Stop – stock You have a Long position of +200 shares in Stock ABC, and you want to enter an order to close your position that will limit downside exposure while benefitting from any additional upside movement.
