Catch Volatility with Trailing Stops


“The times, they are a-changin’.” But you don’t have to be a rock star to know that with the markets on the move, you could miss out if your trades stand still.

Trailing stop orders have long been a secret weapon that advanced traders use to catch profit from volatility.

Today, TradeStation makes it easy for any level of trader to place a trailing stop order. If the market moves in your favor, trailing stops will also move in the same direction to try to get you a better price.

You can use the Matrix tool’s graphical display of market depth and trade activity to quickly set a trailing stop price based on either a number of points or a percentage. This brief video shows you how.

Want to fine-tune your orders even more? Watch the video to learn how to use trailing stops with TradeStation’s conditional Order Cancels Order (OCO) and Order Sends Order (OSO) orders.

Savvy traders often use conditional orders to hedge their bets and either cancel orders or send additional ones if the market moves in their favor. An OCO order is a group of linked parallel orders. If one gets filled, then the other gets canceled.

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With OSO’s, secondary orders are submitted only once a primary order has been filled.

Best of all, trailing-stop orders, OCO and OSO orders with trailing stops are autonomous. They’re smart enough to execute while you’re off busy with your day job.

Ready to catch the latest market waves? If you already have a TradeStation account, you can log in to the platform and launch the Matrix from the Apps tab at the top of your desktop. If you’re not yet a client, you can conveniently apply for a TradeStation account online.

With the power of the TradeStation platform behind you, you can embrace the change in the market – and make it work for you.

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Jessica Kreger is Senior Marketing Manager of Technical Content at TradeStation. During her 20-year career, she has educated thousands of customers through positions at Dell, the University of Miami, Carnegie Mellon University, and Alcoa. Tapping into her passion for providing education that empowers active traders around the world, she has presented at several national technical communication conferences. Jessica earned an M.A. in Professional Writing from Carnegie Mellon and a B.A. in English from Penn State, and keeps her finger on the pulse of today’s trends as a Senior Member of the Society for Technical Communication and Certified Professional Technical Communicator.