Trailing stop limit trade
Limit and Stop-Loss orders (also commonly referred to as a Limit Loss or Trailing Stop order) are two of the most commonly used order types in trading. In this article, we’ll go over what these order types are, when to use them, and how to place them in your Etrade account. The whole point of the trailing stop is to maximize the amount of profit you can make on the trade. Too Big of a Stop In this example, GSKY, which is always a big mover had two nice runs from the low 12s to 13. You set a trailing stop limit order with the trailing amount 20 cents below the current market price of 61.90. The trailing amount is the amount used to calculate the initial stop price, by which you want the limit price to trail the stop price.