RE:RE:White Collar Crime - This is what was done....They have
trailing stop limit A trailing stop works like this. Suppose I have a stock trading at $100. If I set a 25% trailing stop, my trailing stop will be 25% less of $100, or $75. If the stock falls to $75 at any time, I sell.
Simple enough. But there’s more. Let’s say that my stock has risen to $200. The protective trailing stop trails along with it. So as the stock hits $125, $150, and $175, the trailing stop raises. $93.75, $112.50, $131.25. With the stock at $200, the trailing stop is $150.
What this does is significantly reduce your downside risk. With any investment, you will lose at most, the trailing stop amount.