- Trailing stop orders are available for stocks and ETFs only - not crypto.
- They cannot be placed on fractional shares.
- Once triggered, the trailing stop becomes a market order. The execution price is not guaranteed and may differ significantly from the trigger price, particularly in volatile or low-liquidity markets.
- Trailing stops only trigger during regular market hours (9:30 AM – 4:00 PM ET) .
- The stop price moves only in your favour and does not move backwards if the market subsequently moves against you. It also does not trigger during pre-market or after-hours trading.
- A trailing stop does not guarantee a specific execution price or limit losses. Market gaps and rapid price movements can result in execution at a price materially different from the stop price.
- Examples shown above are for illustrative purposes only.