When you are beginning to learn stock trading, you must become familiar with the steps necessary to place a trade and how to use a basic order entry screen, or ticket.
Some of these items are only available on advanced order entry screens, but as you continue to learn stock trading, you will run across these options as well.
Trailing Stop Loss in Dollars= An order that will become a Market order once a specific dollar amount gets met. Trailing Stop Loss in Percent= An order that will become a Market order once a specific percentage amount gets met.


Trailing Stop Limit in Dollars= An order that will become a Limit order once a specific dollar amount gets met. Trailing Stop Limit in Percent= An order that will become a Limit order once a specific percentage amount gets met.
On the Close= An order to be placed either within the last minute of the trading day, or as close to it as possible. Understanding about each of these will help you develop a better overall trading plan and give you additional knowledge while you learn stock trading.


Keep in mind while you learn stock trading that all order entry screens will not be the same and some may have different options. In order to learn stock trading and be successful, you should know how each option that is available to you works.



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