ThinkOrSwim Setup Tutorial - Trailing Stops (Part 3)
A trailing stop loss order adjusts the stop price at a fixed percent or number of points below or above the market price of a stock. Learn how to use a trailing stop loss order and the effect this strategy may have on your investing or trading strategy.
Note: Trailing stop orders may have increased risks due to their reliance on trigger pricing, which may be compounded in periods of market volatility, as well as market data and other internal and external system factors.
Trailing stop orders are held on a separate, internal order file, placed on a "not held" basis, and only monitored between 9:30 a.m.
and 4:00 p.m. Eastern.