It may also be helpful to read our article on trailing stop orders to gain more context before reading the following: Click Here
A trailing stop loss alert is a feature that allows you to set a trigger price for your stocks. If the stock price falls below the trigger price, you will receive an alert letting you know that it's time to sell. This is unique in the sense that as the stock price rises, the trailing price stop loss you set will also rise, ensuring that if the stock EVER drops by a certain amount, you would receive a notification.
A Trailing Price Stop Loss alert is triggered when the stock price dips down a set dollar amount from the current price. The trigger is constantly readjusted as the stock price changes. The trailing price stop loss alert allows you to “ride” the upward trend on certain stocks without getting unnecessarily stopped out and without having to constantly monitor your position. When you finally do receive the alert, the upward trend has shifted to a downward one and you can sell your position.
A Trailing Percent Stop Loss alert is triggered when the stock price dips down a set percent amount from the current price. The trigger is constantly readjusted as the stock price changes. This is similar to the above alert but with a percentage instead of a set dollar amount.
A Trailing Buy Stop Price alert is triggered when the stock price rises a set dollar amount from the current price. The trigger is constantly readjusted as the stock price changes. This is particularly helpful to traders shorting a stock.
A Trailing Buy Stop Percent alert is triggered when the stock price rises a set percent from the current price. This is similar to the above alert but with a percentage instead of a set dollar amount.
With Stock Alarm you can set trailing buy stop and trailing stop loss alerts on stocks, etfs, crypto, indices, commodities, and more. When your alert triggers you will receive a notification via push notification, email, phone call, or text message.
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