FAQs

What is a Trailing Stop Loss order?

Is an order where the Stop Loss price is not a single amount but set at a percentage below the market price, and that trigger price will move if the price moves upwards. So you have a Stop Loss as a percentage from the peak price that is reached

Example:

A share price is 100p today and you set a Trailing Stop Loss order at 10 -15%, so the order would complete if the price fell to between  85p - 90p. If the price increases over the following days to, say, 110p, the Trailing Stop Loss does too, the new trigger price would be 10-15% of the new peak of 110p, i.e. 95.5p - 99p.

 

- Submitted on 29th Feb 2020

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