Investing

Trailing Stop Limit

  • Last Updated:
  • Aug 10th, 2020 10:11 am
Tags:
[OP]
Newbie
Aug 29, 2012
41 posts
4 upvotes
Ottawa

Trailing Stop Limit

I am hoping someone can confirm my understanding of Trailing Stop Limit on QT.

I have 50 shares of X which I paid $10.00 per share. X is currently going for $12.00. If I set a trailing stop limit for $1.00 trailing and $0.25 limit, a sell order triggers at $11.00 and attempts to sell for $10.75 or higher? But if the current prices goes up, say to 13, the value at which it would trigger goes up as well ($11.75)? Is this based on bid price or ask price?

Thanks in advance.
Top