How to Place Trailing Stop Loss on Webull Mobile App

In today's video we'll learn how to place a trailing stop loss order on the Webull mobile app. These trailing stops are generally used to exit the position in the event the stock were to move against you. A trailing stop is an order type designed to lock in profits or limit losses as a trade moves favorably. Trailing stops only move if the price moves favorably. Once it moves to lock in a profit or reduce a loss, it does not move back in the other direction.