Placing Profit Targets and Stop Losses Using Matrix
Managing trades efficiently is crucial for every trader, and TradeStation’s Matrix offers a streamlined way to help take control of your positions from start to finish.
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Trading with Trailing Stops Using the Matrix
TradeStation’s Matrix offers a powerful way to manage trades with precision and flexibility. One standout feature is the ability to place and define trailing stop orders directly within the Matrix, giving traders dynamic risk management tools that adapt to market movement.
Placing and Defining Trailing Stops in the Matrix
The Matrix integrates a trade bar panel where you can easily access the trailing stop feature. To set up a trailing stop:
How Trailing Stops Work
A trailing stop order automatically adjusts as the market moves in your favor. For example, if you’re long and the price rises, the trailing stop will move up by the specified increment, locking in gains as the price advances. If the market reverses, the stop remains at its last level, helping to secure profits or limit losses without manual intervention. This allows you to secure a better exit if the market moves in your favor.
Combining Trailing Stops with Other Exit Orders
The Matrix allows you to combine trailing stops with other exit orders such as profit targets or OCO (One-Cancels-the-Other) setups. This means you can create comprehensive exit strategies that automatically respond to market changes, reducing the need for constant monitoring
Potential Key Benefits and Risks of Using Trailing Stops in the Matrix
By leveraging trailing stops in the Matrix, TradeStation users can automate their exit strategies, respond to changing market conditions in real time, and maintain greater control over their trades. Get to know the TradeStation platform in greater detail by exploring the our QuickStart series.
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Margin trading involves risks, and it is important that you fully understand those risks before trading on margin. The Margin Disclosure Statement outlines many of those risks, including that you can lose more funds than you deposit in your margin account; your brokerage firm can force the sale of securities in your account; your brokerage firm can sell your securities without contacting you; and you are not entitled to an extension of time on a margin call. Review the Margin Disclosure Statement at www.TradeStation.com/DisclosureMargin.
Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See www.TradeStation.com/DisclosureOptions. Visit www.TradeStation.com/Pricing for full details on the costs and fees associated with options.