a trailing what?
Ok, I had to go look that up. It is still kind of fuzzy. So a trailing limit order will trigger when the stock declines a certain amount, even on a run up?
Example: You have a trailing limit order for Company XYZ currently at $10 to trigger at a drop of $0.50. The stock goes from $10 to $13 intraday, and right before close it drops to $12.40, triggering your limit order.
I guess it would also trigger if the stock had initially dropped to $9.60?
|