"Trailing Stop Loss" vs. "Trailing Stop Limit" What's the difference?

Question

Fidelity offers two choices in this trade--"trailing stop loss" or "trailing stop limit" If I was to place an order for a 10% trailing stop on a stock which was then at $20, what would be the difference between the "trailing stop loss" and the "trailing stop limit"?

Answer 1

A stop loss order is an instruction to sell a stock when it drops to a certain price. This is the order you'd probably want to use to set up the trade you describe above.

I've actually never used a stop limit order, but I think they are used to corral a stock within a given price range-- the stock will be sold when it reaches the outer parameters of the range.

Here's investopedia's explanation:

http://www.investopedia.com/terms/s/stop-limitorder.asp

Answer 2

Trailing Stop Loss Vs Limit

Answer 3

Stop Limit Vs Stop Loss

Answer 4

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RE:
"Trailing Stop Loss" vs. "Trailing Stop Limit" What's the difference?
Fidelity offers two choices in this trade--"trailing stop loss" or "trailing stop limit" If I was to place an order for a 10% trailing stop on a stock which was then at $20, what would be the difference between the "trailing stop loss" and the "trailing stop...

Answer 5

Stop orders are most often used to help protect an unrealized gain or to limit potential losses on an existing position. Here, we'll discuss how to use them in your portfolio to protect long equity positions.

What is a stop order?

Stop orders come in three main varieties: standard stop orders, stop-limit orders and trailing stop orders. Stop and stop-limit orders are entered and held in the marketplace, while trailing stop orders are held on a server until conditions you define are met or exceeded, followed by the routing of an order for possible execution.

To better understand how stop orders work, it's helpful to think of the stop price as a trigger. For example, once an execution occurs at your designated trigger price, your stop order becomes a market order to buy or sell that stock at the prevailing market price. Note that stop orders are inactive and hidden to the other market participants until the trigger price is reached.

Answer 6

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