In this video, we'll demonstrate how to create trailing stop and trailing stop limit orders on the thinkorswim® desktop platform. Watch video: Trailing Stop Orders on thinkorswim® Desktop Transcript Open new window Schwab offers trading tools and platforms. Learn more More from Charles ...
A trailing stop loss order lets you set a maximum loss you can incur on a trade. If the security price rises or falls in your favor, the stop price moves with it.