Hi, I'm wondering what kind of trailing stop everyone uses? At Thinkorswim, you enter the dollar amount, and at Trade King you can enter either dollar amounts or percentages, but not less than 2%. So, what companies offer anything different/better? And what kinds of trailing stops do you use? Thank you, Kris
Instead of using "arbitrary" percentages or dollar amounts, you can try picking price-spots where, if the market gets there, you know that you're 100% wrong.
are their any systyms where you can do a trailing stop that only protects half of of profit. For example say i am up 20 cents in a stock and I want to sell half and let the rest run. I want to set a trailing stop down 10 cents and have it increase one cent for every two cents they stock gains