Quote Order To Buy - Trailing Stop On

: If the security's price reverses and rises enough to reach or exceed your set trailing stop price, a market order is triggered.

A is a conditional order used to enter a long position or exit a short position by tracking a security's price as it falls . The order "trails" the current market price—specifically the inside ask price for buy orders—at a fixed distance (percentage or dollar amount). Core Mechanics trailing stop on quote order to buy

: For buy orders, the initial stop price is calculated as the current market price plus the trailing amount. : If the security's price reverses and rises