I am not asking for an advice so don't panic.
I am using Etrade and a newby as well when it comes to trailing stops etc.
Is there a such thing as safely regarded % trailing stop? Where would one start to enter percentage amount?
Would you ? and if you do, how would you count for the brokerage fees etc within the trailing stock ?
Can you tell me what normally semi pro-pro trader would do when it comes to conditional orders and Tailing stops?
May be some hypothetical examples specifically using Etrade? Please make it as realistic as you can so that follow the example stock to see its consequences.
Lets say for example 3000 stocks for TZN (last at 0.80). How would you place the trailing stops?
Trailing Stop Sell [X]
Price falls by [% as an example]
Yesterday's High [?]
Yesterday's Low [? ]
Yesterday's Close [?]
And what is ' Lower Limit (Optional):' for
I am just trying to understand how relevant those entries. Your example for a currently trading stock would help for me to understand.
Thank you for your time to show :-)