Difference between revisions of "Use a Trailing Stop Loss"
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| − | + | A trailing stop loss is a type of stock order. Using this order will trigger a sale of your investment in the event its price drops below a certain level. The trailing stop loss order can help make the decision to sell easier, more rational and less emotional. It is designed for the investor who wishes to minimize risk, helping him or her minimize losses while maximizing potential gains.<ref> https://www.interactivebrokers.com/en/?f=%2Fen%2Ftrading%2Forders%2FtrailingStops.php | |
</ref> With the trailing stop loss, it all happens automatically, so you and your trader don’t constantly have to watch the stock price. | </ref> With the trailing stop loss, it all happens automatically, so you and your trader don’t constantly have to watch the stock price. | ||
| − | [[Category:Investments and Trading]] | + | [[Category: Investments and Trading]] |
==Steps== | ==Steps== | ||
