Video Description

In this video, we'll demonstrate three ways to create a trailing stop order on the thinkorswim® desktop platform: by using a dollar and a percentage. Also, we'll demonstrate how to set up a trailing stop limit order and discuss the differences and considerations when doing so. Schwab clients can log in and access the thinkorswim® platform here:  https://www.schwab.com/getthinkorswim Not a Schwab client? Learn more about the thinkorswim® platform: https://www.schwab.com/thinkorswim 0:00 Introduction 0:30 Creating a trailing stop using a dollar offset 4:50 Creating a trailing stop using a percentage offset 6:25 Creating a trailing stop limit order using a dollar offset 9:35 Pros and cons of trailing stop order types For more thinkorswim tutorials visit the thinkorswim Learning Center: toslc.thinkorswim.com Subscribe to our channel: https://bit.ly/SubscribeCharlesSchwab   Check out more Insights & Education from Charles Schwab: https://www.schwab.com/learn   Connect with Charles Schwab: Facebook: https://www.facebook.com/CharlesSchwab X: https://www.x.com/CharlesSchwab   Open an account with Charles Schwab: https://www.schwab.com/open-an-account (0223-2GZM)