How to Set Trailing Stop Loss on ThinkorSwim Mobile App
In today’s video we’ll learn how to create a trailing stop on the ThinkorSwim mobile app. We’ll go through it both on an open position you already hold in the account as well as apart of an opening trade.
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TradingView (Best charts in the game)
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Tastyworks (Great for options traders)
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Webull (UP TO 12 FREE STOCKS)
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We’ll also touch on how to customize the order ticket to make it a dollar offset, percentage offset, or tick offset. Although it exactly the same process, we’ll go through how to place trailing stops on both stock and options contracts.
Trailing Stop
A trailing stop order is an order that is entered with a stop parameter that creates a moving or "trailing" activation price. As a stock's price moves, the activation price for your order will move too – allowing potentially profitable trades to run, and may help protect against a sharp pullback.
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