How to use Trailing Stop Orders in Interactive Brokers

✅ *Explore My Top Broker Pick:*
https://www.InteractiveBrokers.ca/mkt/?src=verrilloy5&url=%2Fen%2Fwhyib%2Foverview.php

Learn how to use trailing stop orders with the Interactive Brokers TWS platform for stocks and options trading. This video shows how to use the Trailing Stop order type using the IBKR Trader Workstation desktop software. The video also gives ideas and opinions regarding the usage of trailing stop orders. After many years in the markets, comment below if you use trailing stops!

👨‍💻 Frustrated with IBKR or Sierra Chart? *Get Expert Help!*
https://www.verrillotrading.com/remote-assistance/

➜ VerrilloTrading helps investors learn about software and tools for navigating the financial markets.

Subscribe to stay in the loop, new videos every week! 🔔
https://www.youtube.com/channel/UCz4hZwlhjYM3DQTxVfukAeA?sub_confirmation=1

✅ Recommended Playlists:

https://www.youtube.com/playlist?list=PLePBf4ZtCKhqxQDPcHJ3zEFxrEowXTmrp
https://youtube.com/playlist?list=PLePBf4ZtCKhqBGXyB1v4xvZiMju6NQlIw
https://youtube.com/playlist?list=PLePBf4ZtCKhpHxZCy9cI9mpbPUk3QR_D9
https://www.youtube.com/playlist?list=PLePBf4ZtCKhp_spxhte1V729O91_SEXx5

📜 Disclosures:

VerrilloTrading may have an affiliate relationship and/or another material connection to any persons or businesses mentioned in or linked to in the content above, and may receive commissions from purchases you make on subsequent web sites. You should not rely solely on information published by VerrilloTrading to evaluate the product or service being offered.

The content that this channel provides is intended for educational purposes only. Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. The risk of loss in trading commodity interests can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition.

All content appearing on VerrilloTrading is protected by copyright law. Rebroadcasting or any other commercialized use of our program content is strictly prohibited.

IBKR Disclosure: https://www.verrillotrading.com/ibdisclosure/

0:00 Intro & Important Info
2:34 What is a Trailing Stop?
3:56 Move to Breakeven / Momentum Strategy
5:41 It's hard to apply in practice
7:10 Overfitting & Back Testing
9:06 Price Action / Auction Process
11:37 TWS Rundown Setup
12:16 Setting up a Trailing Stop
13:33 When it's ok to use Stop vs Stop Limit
14:42 You should learn Trailing Stop Limit Orders
15:40 Adding a Trailing Stop to an existing Trade
17:30 Visual representation of trailing stop bracket order
18:22 Adding a Trailing Stop Limit to a trade
20:15 Explaining the Limit Offset
21:50 Seeing the Trailing Stop Limit in action
23:11 Conditions are not supported with Stop Order Types
23:30 Reduce trading fees using Trailing Stop Limit Orders
25:17 How to trail stop only when trigger price is met
26:25 Setting up an Adjustable Stop Limit
28:21 Setting up a Scale out Profit Taker
29:50 Transmitting the trade and recap
31:15 Avoid making this error with the Stop Price
32:50 Recap of how trailing stops work
33:30 Order Presets & using Post Only
34:35 Adjustable Stop Enabled by default