How to Set Trailing Stop Loss on ThinkorSwim Mobile App

In today’s video we’ll learn how to create a trailing stop on the ThinkorSwim mobile app. We’ll go through it both on an open position you already hold in the account as well as apart of an opening trade. We’ll also touch on how to customize the order ticket to make it a dollar offset, percentage offset, or tick offset. Although it exactly the same process, we’ll go through how to place trailing stops on both stock and options contracts. Trailing Stop A trailing stop order is an order that is entered with a stop parameter that creates a moving or "trailing" activation price. As a stock's price moves, the activation price for your order will move too – allowing potentially profitable trades to run, and may help protect against a sharp pullback.