A trailing stop limit order is a type of stop order. It allows you to set a percentage or dollar value based on the closing price of a stock. If that set percentage or dollar value is reached, it will trigger a market order as you have indicated.
A trailing stop limit order is a type of stop order. It allows you to set a percentage or dollar value based on the closing price of a stock. If that set percentage or dollar value is reached, it will trigger a market order as you have indicated.