Creating a trailing stop limit order



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

Comments

  1. Two comments. 1. Please talk in your videos. I find it annoying with just the unpleasant sound track and watching words on the screen.

    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.
  2. Its A VIDEO... TALK
  3. I kinda understand what offset means, however I dont see such thing when u trading in US stock? and is that true that Cdn stock exchange not allow to use Trailing stop alone? but to use trailing stop limit, with that offset thing that really confuse people
  4. i like the video but little confused , what benefit of .10 offset????
  5. questions:

    1) can you place such an order after filling the order. I buy at market and i place 2 hours later a trailing stop limit order?

    2) what is the difference between trail and offset: would it be the same if i put 60 cents trail and 0$ offset?
  6. Hi Dexter M., 

    You’re right, NASDAQ, AMEX and NYSE are closed today for Martin Luther King Jr. day in the US.

    In case you’re still curious about what the different order statuses mean, take a look at the IQ platform help pages: http://help.questrade.com/how-to/iq-edge/account-summary/order-history/order-statuses#.VL1Xx-ZOkoY


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Duration: 3m 22s

Rating: 17