trailing sell stop

[billyjoerob]

If I put in a trailing sell stop like this:

price: $2
trail: .30
stop: $1.85

does that mean that the sell order will execute even if the trailing amount hasn't been reached, ie at $1.85?

or what if I add a limit order (to the same order) at $2.05? does that mean no execution until stock reaches high of $2.25 ($2.25 - .20 = $2.05)?

thanks

 

[gmst]

Rather than asking ETers, get a papertrading account and try all these combinations. You will know the thing for sure and it will be ingrained in your brain after typing in 10 practice orders.

 

[billyjoerob]

Good idea.