![]() ![]() In other words, if I purchased at 100 a year ago, it at some point was at 150, and is now at 120, and then I set a trailing stop loss at 5%, it will automatically sell. ![]() My friend explained that the stop loss activates not based on being 7% below the highest price since I set the stop loss but is instead based on the highest price since I bought the shares. Answer (1 of 2): Log into your account, and download the ThinkorSwim platform. I set a trailing stop loss at, let's say 7%, and suddenly it activates before the stock price actually drops to 7% below the price that it was at when I set the trailing stop loss. Placing Stop Orders on Stocks ,How To Set A Stop Loss On TD Ameritrade. On thinkorswim (but not the other trading platforms weve looked at thus far), the type of stop point can be selected. I've had a problem with TD Ameritrade's Trailing Stop Loss orders recently that have cost me quite a bit, so I want to understand why. I posted this in the investing subreddit, but I was suggested to post it here instead. ![]()
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