I'm practicing more complex order types for day trading. Please correct me if I'm wrong or there is some addon. Going LONG: Buying with Limit if Touched (you set it above market price). After you bought it, if you want to prevent a loss, create SELL STOP with protection order (it is set below the market price) For a favorable exit, you create a SELL LIT order (below the market price) Another option for a favorable exit would be to use a trailing order (a little bit confused on how)? Going SHORT Entering the position with SELL LIT order (you put it above the market price), once you buy it, you set BUY Stop with Protection order (above the market price) to prevent loss and you set a BUT LIT order to exit a short position with the gain. What is another option to put an order to exit a short position with gain?