Trailing Stop On Quote Order To Buy [TESTED]

: The stop price follows the market price lower but remains fixed if the price starts to rise.

Trailing Stop Orders: Mastering Order Types - Charles Schwab trailing stop on quote order to buy

: If the security's price reverses and rises enough to reach or exceed your set trailing stop price, a market order is triggered. : The stop price follows the market price

: For buy orders, the initial stop price is calculated as the current market price plus the trailing amount. A is a conditional order used to enter

A is a conditional order used to enter a long position or exit a short position by tracking a security's price as it falls . The order "trails" the current market price—specifically the inside ask price for buy orders—at a fixed distance (percentage or dollar amount). Core Mechanics

Example : If a stock is at $100 and you set a $5 trailing stop, your initial stop price is $105. If the stock falls to $90, your stop price drops to $95. If the stock then rises to $95, your order triggers. Why Traders Use It