An order designed to allow an investor to specify a limit on the maximum possible loss without setting a limit on the maximum possible gain. A Trailing Stop Limit sell order sets the stop price at a fixed amount below the market price and defines a limit price for the sell order. If the market price rises, the stop loss price rises by the increased amount, but if the stock price falls, the stop loss price remains the same. When the order triggers, a limit order is submitted at the price you defined. The reverse is true for a trailing stop limit buy order. For more information, see the\u00a0Trailing Stop Limit Orders\u00a0page.<\/p>\n","protected":false},"excerpt":{"rendered":"
An order designed to allow an investor to specify a limit on the maximum possible loss without setting a limit on the maximum possible gain. A Trailing Stop Limit sell order sets the stop price at a fixed amount below the market price and defines a limit price for the sell order. If the market price rises, the stop loss price rises by the increased amount, but if the stock price falls, the stop loss price remains the same. When the order triggers, a limit order is submitted at the price you defined. The reverse is true for a trailing stop limit buy order. For more information, see the\u00a0Trailing Stop Limit Orders\u00a0page.<\/p>\n","protected":false},"featured_media":0,"parent":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"traders-glossary":[13258,13251],"class_list":{"0":"post-180306","1":"glossary-terms","2":"type-glossary-terms","3":"status-publish","5":"traders-glossary-trading-terms-t","6":"traders-glossary-trading-alphabet"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"\n