Answers » Categories » Stocks

Re: Trailing Stop $-- If ordered .50 (no lower than $7.50). Stock jumps to $10.00. Am I stopped out @ $9.50 or below?

I ALSO want to know once it is "stopped out" does it become a market order?


1
1 Report
MORE: trailing stop

1 Answer
0 
Yes, I believe you would be stopped out at $9.50, since your trailing stop was for 0.50 cents and at that point it would become a Market (Sell) Order.
Jan 18th, 2012 at 10:32 PM
Reply
Greg,
I learned so much today. Thank you very much. I finally got courageous enough to put a trailing stop order in and was able to watch how the stop price got adjusted UP. My order did NOT become a Market Order today. Instead I was able to watch (without fear) as my stock jumped 7.25% today! I still own the shares at a nice gain. In the past I would have sold too early. Thanks again! Red1 –  red1  Jan 19th, 2012 at 3:34 AM

Answer this question

by Anonymous - Already have an account? Login now!
Your Name:

Your Answer:
Source(s): (optional)

Enter the text you see in the image below
What do you see?
Can't read the image? View a new one.
Your answer will appear after being approved.

Ask your own question

Tagged
trailing stop (1)

Ask a Question

Categories