In this video, we'll demonstrate three ways to create a trailing stop order on the thinkorswim® desktop platform: by using a dollar and a percentage. Also, we'll demonstrate how to set up a trailing stop limit order and discuss the differences and considerations when doing so.

0:00 Introduction
0:30 Creating a trailing stop using a dollar offset
4:50 Creating a trailing stop using a percentage offset
6:25 Creating a trailing stop limit order using a dollar offset
9:35 Pros and cons of trailing stop order types

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