Most traders know what a stop order is whether they use them or not. Ask your average trader about a “stop on close” and you may get some head-scratching. It’s not too difficult to understand. It’s a stop that is favored by swing traders where you don’t have a market/limit stop order placed at a […]
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A trailing stop order sets the stop price at a fixed amount below the market price with an attached “trailing” amount. As the price of an option rises, the stop price rises by the trail amount, but if the option price falls, the stop-loss price doesn’t change, and a market order is submitted when the stop price is hit. Click the video below to see […]
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