Mostly for day traders. You set a % under the peak which gets adjusted higher as it keeps hitting new peaks. So a 10% trailing stop loss on a stock at $10 would trigger at $9. If the stock rises to $50 then starts crashing it triggers at $45.
Tyranthraxus posted... Mostly for day traders. You set a % under the peak which gets adjusted higher as it keeps hitting new peaks. So a 10% trailing stop loss on a stock at $10 would trigger at $9. If the stock rises to $50 then starts crashing it triggers at $45. great breakdown. Thank you --- http://i65.photobucket.com/albums/h239/nhottbarbwire/owningroad_zps2333f502.gif