I need a little help unerstanding the logic of the stop loss and
trailing stop procedures within IB. I understand the functions they
play but when I try to enter either of these I get confussed.
The only way I can get to the stop loss or traing stop functions is to
first enter a sell order which shows up as a day limit order. I then
click on the sell box to pull down the stop loss or trailing stop
functions. I now have an additional buy line with a STP function
shown.
My question is how do these two orders work together in order to stop
a falling stock. I wanted to execute this procudure this morning but
as it became unclear I decided not to go forward and ask anyone to
help me understand.
I am sure this is basic stuff but bear with me please.
Thanks!!!
