Trailing Stop Losses


I’ve really enjoyed your Premium service. I’ve cancelled all my other advisory services. While I can’t say I’ve gotten rich following your recommendations, I an CERTAIN I’ve saved a lot of money by not buying.

You’ve mentioned Trailing Stop Losses, advising that you use alerts rather than orders. I think this question would apply to either one.
Fidelity now only allows ”until cancelled” to last for 6 months and I am trying to find a way to protect maximum gains.
I don’t know if I misunderstand the system or if I’m just too stupid to understand the several explanations that I’ve gotten from Fidelity.
Example – I buy a stock at $40 with a 25% TSL. It goes to $60. If it drops to $45 it sells IF that happens within 6 months. But if it drops to $50 at the end of 6 months, I have to place a new TSL order and my TSL resets at $37.50.
Do you know of a service that would keep my TSL at $45?
Thank you.

This is a discussion topic or guest posting submitted
by a Stock Gumshoe reader. The content has not been edited
or reviewed by Stock Gumshoe, and any opinions expressed
are those of the author alone.

Back To Top