How to Place Trailing Stop Order on Webull Desktop | Webull Tutorial

In today’s video we’ll learn how to place trailing stops on the Webull desktop app. First off, it’s a important to remember that a trailing stop is typically used to close you out of a position you already hold. Rather than using a typical stop order which requires you to set a specific price, you instead set a dollar or percentage amount you would want to get stopped out at instead. As the stock goes up in value, your stop moves up along with it. 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.