™A $5 trailing distance can raise a sell trigger from $45 to $50 when a price rises from $50 to $55, subject to the broker's rules and gap/execution risk.
Orders & Market Structure
Trailing stop
A stop order whose trigger adjusts by a stated amount as the market moves favorably.
Plain-English context
Put the definition to work.
The trigger can ratchet favorably but execution can still gap beyond it; broker reference and session rules matter.
Further reading and verification. Examples are hypothetical, not current quotes or recommendations. Product terms, tax treatment and market rules can change. FINRA — order types and execution