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Trailing Stop Order

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A trailing stop order lets you specify in advance what your stop price will be relative to the current market price of a stock, option or ETF, good for the day or until canceled (GTC). Trail the security’s price in terms of points or a percentage above or below the security’s market price.

If the security moves in a favorable direction after your order has been placed, the order adjusts itself automatically to continue to lock in potential profits. If the market reverses to your threshold, your stop will be triggered, limiting your losses – without requiring you to constantly adjust your stop manually.


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