Originally Posted by
ollie
Thanks very much shasta,
so if your trailing stop loss is set at 10% below the s/p, say $1 and your s/p goes to $1.20 or higher ( hopefully ), does you trailing stop loss automatically follow the s/p up keeping that 10% saftey net or do you need to manually reset it up in line with the increase in s/p.. ?? I think your answer tells me ,yes. so i guess thats means i can't see the difference between the 2 styles of stop losses.
Maybe what i'm asking is, is the stop loss set at a percentage or a price. I had thought it might be a percentage, then you could more or less ignor it as if the s/p continued to rise so your 10% saftey net would follow it up automatically.
Hope that makes sense to you.