A trailing stop limit order is used by traders who want to limit their maximum potential loss but, at the same time, not set a cap on their possible profit. In this video, we'll explain how to create a trailing stop limit sell order in Questrade IQ Essential, and how to calculate your profit and loss. The steps will be similar in each IQ platform. To learn more about order types, visit: http://help.questrade.com/how-to/iq-essential/placing-an-order/order-types#.UymR-2MpDRY Sign up for a free practice account http://www.questrade.com/platforms/free_trial.aspx Open an account http://www.questrade.com/account/online.aspx. Questrade Advantage Sign-up for the Questrade Advantage to trade stocks for as low as 95¢ and options for $6.95 + 75¢ per contract. Learn more about creating orders http://help.questrade.com/how-to/iq-essential/placing-an-order
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2. Please do an example of a Trailing stop limit order in percentages, not dollars. For example I have GQMNF stock and would like to sell it for a trailing stop of 20%. Since it's a pink sheet stock, I can't do a stop percentage I have to do a trailing stop limit. For example the stock is trading at 1.28 - 20% below that would be $1.02. If I did this what percentage would I do as an offset so it would not sell above $1.02. The customer support person I spoke to at Questrade didn't know. Thanks.