Trailing Stop Definition | Use a Trailing Stop Loss
Trailing Stop Definition | Use a Trailing Stop Loss
A trailing stop could be a stop-loss order which will be set at an outlined share or dollar quantity removed from a security’s current market value. For an extended position, place a trailing stop loss below the current market price. For a brief position, place the trailing stop above the current market price. A trailing stop is designed to protect gains by enabling a trade to remain open and continue to profit as long as the price is moving in the investor’s favor. The order closes the trade if the value changes direction by a specific share or dollar quantity.
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