what is a trailing stop-loss?

This is a discussion on what is a trailing stop-loss? within the First Steps forums, part of the Reception category; I.G helpdesk No.= 0800 195 3400...

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Old May 29, 2003, 1:47pm   #8
 
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I.G Helpdesk

I.G helpdesk No.= 0800 195 3400
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Old May 29, 2003, 2:03pm   #9
 
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grubs50,

I'm not sure if any SBs offer auto trailing stops (one's where their computer trails the stop for you), but you can do it manually with most (just by cancelling your old stop and putting in a new one). IB does auto trailing stops.

What Wideboy means by 'locking in profit' is that, in my first example above, the market went to 120 but you still lost 10 points (when it fell back to 90). But by having a trailing stop (in the second example) you have 'locked in' 10 points of profit so when the the market falls from 120 to 90 you actually still make 10 points of profit (cause you were stopped out at 110).

Hope that's clearer.
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Old May 29, 2003, 2:05pm   #10
 
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If the price goes in your favour after you enter a trade, and you move your stop loss to your actual entry level, then you can let the trade run and the worst that can happen is you will be stopped out for 0.
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Old May 29, 2003, 2:20pm   #11
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grubs50 started this thread thx mmillar and wideboy u have been very helpful...........it seems IGINDEX is the probably the most user-friendly of the SB companies from what i have read so far on this site but i don't understand why there seems to be a lot of ppl trading with D4F.........i mean spreadbetting
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Old May 29, 2003, 2:27pm   #12
 
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I think their spreads are fairly tight compared to others.
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Old May 29, 2003, 2:35pm   #13
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grubs50 started this thread but what is the point if they don't fill u at the price u want?
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Old May 29, 2003, 6:20pm   #14
 
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Here is another explanation

http://www.advfn.com/cmn/help/trailstop.php

you can set alerts here

http://www.advfn.com/cmn/trailstop.php
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