Trailing Stop Loss
A trailing stop is an order to buy or sell a security if it moves in an unfavorable direction.
Because the price is currently $100 per share, the trailing stop would be triggered if it fell to $90 per share. However, if the stock price reaches $150 per share, the brokerage would automatically adjust the trigger price to $135 (reflecting a 10% loss of a $150 share price).
More details here https://www.investopedia.com/video/play/how-use-trailing-stops/
Cheers :)
Press "L" to appreciate it
More by Alexander Lozhkin View profile
Like