With respect to this video, I have a couple of questions -
1) As per the first part of that video - Trailing stop sell, how do I set that up on a rising trend? I’m thinking "Conditional Order" in the first section, "Trailing take profit" in the Take profit section then set my trigger point and trail amount, is that correct? Say I have a stock at 18.5c, I want to sell at a minimum of 22c and have a “buffer” or trail amount of 2c, would I then set my trigger at 24c? I assume if it kept seesaw rising without retracing the 2c to say 30c but then rebounded to 27.9c it would trigger the sell then?
2) As per the second part of the video, how do I set up to buy on a down trending market at say a trigger point of 14C with a 2c buffer? Can I also set up a Stop loss from the position, if so how?
3) To set up a stop loss on a simple buy at limit, in the upper section do I place At Limit price of say 16c, then down in the Stop Loss section below that I then place my Trigger say 14c and limit price say 13c ? I've been told to do a Conditional order which if the trigger & limit price is the same in the top section say 16c and then set the trigger & limit in the Stop loss section as per before which seems to achieve the same thing? What am I missing there?
