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Old 09.04.2020, 09:33
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Trailing option on IB for NYSE and Nasdaq stocks?

Hello everyone

I have a question regarding Interactive Brokers - which seems to be the No. 1 favorite from this forum - can you do Trailing orders on NYSE and NASDAQ stocks?

I have a Degiro Account and they told me that i can only do it on the German market... which is not my target at all, is it the same case on IB?



Thanks!
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Old 09.04.2020, 09:39
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Re: Trailing option on IB for NYSE and Nasdaq stocks?

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Hello everyone

I have a question regarding Interactive Brokers - which seems to be the No. 1 favorite from this forum - can you do Trailing orders on NYSE and NASDAQ stocks?

I have a Degiro Account and they told me that i can only do it on the German market... which is not my target at all, is it the same case on IB?



Thanks!
I can see IB offers Trail and Trail Limit orders. I never use them though. Just set a target price and place a limit order. It works really well.

Edit: on NYSE I can see only TRAIL LIMIT they offer
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Old 09.04.2020, 10:13
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Re: Trailing option on IB for NYSE and Nasdaq stocks?

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I can see IB offers Trail and Trail Limit orders. I never use them though. Just set a target price and place a limit order. It works really well.

Edit: on NYSE I can see only TRAIL LIMIT they offer
How about on NASDAQ? If so I will have to see how i will transfer everything from DeGiro to Interactive Brokers :S
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Old 09.04.2020, 10:17
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Re: Trailing option on IB for NYSE and Nasdaq stocks?

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How about on NASDAQ? If so I will have to see how i will transfer everything from DeGiro to Interactive Brokers :S
Yes, on NASDAQ IB also offers TRAIL LIMIT where you can set limit and stop (% or amount).
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Old 09.04.2020, 10:48
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Re: Trailing option on IB for NYSE and Nasdaq stocks?

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Yes, on NASDAQ IB also offers TRAIL LIMIT where you can set limit and stop (% or amount).
This is actually a great tool for Day Traders... I have lost around 500 usd just for not having this order type... so dumb...

On DeGiro if you missed the bottom of the curve you need to go quickly and set the stop loss/limit and erase the sell at high order, which the drop happens in minutes... I literally went to the toilet just to come back and see how the graph went low, just to sell and then a few seconds later go up again...
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Old 09.04.2020, 11:08
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Re: Trailing option on IB for NYSE and Nasdaq stocks?

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This is actually a great tool for Day Traders... I have lost around 500 usd just for not having this order type... so dumb...

On DeGiro if you missed the bottom of the curve you need to go quickly and set the stop loss/limit and erase the sell at high order, which the drop happens in minutes... I literally went to the toilet just to come back and see how the graph went low, just to sell and then a few seconds later go up again...
If you open IB send me a PM how you use this type of order as I don't do day trading and haven't tried it.
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Old 09.04.2020, 12:03
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Re: Trailing option on IB for NYSE and Nasdaq stocks?

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If you open IB send me a PM how you use this type of order as I don't do day trading and haven't tried it.

I would say it's less for day trading, more useful for swings where you can't watch it all the time.
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Old 09.04.2020, 12:23
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Re: Trailing option on IB for NYSE and Nasdaq stocks?

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I would say it's less for day trading, more useful for swings where you can't watch it all the time.
This is actually my case, but swings happen every day, and also if the market is going up, its a fail safe order
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Old 09.04.2020, 12:24
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Re: Trailing option on IB for NYSE and Nasdaq stocks?

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If you open IB send me a PM how you use this type of order as I don't do day trading and haven't tried it.
Sure, i will need to move from DeGiro to IB first

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Old 09.04.2020, 12:41
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Re: Trailing option on IB for NYSE and Nasdaq stocks?

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How about on NASDAQ? If so I will have to see how i will transfer everything from DeGiro to Interactive Brokers :S
Doesn't that depend on the broker?

These are the order "types" (in the most broad sense) settings and options available on IB:







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The Snap to Market (SNAP MKT) order is similar to a pegged order, as the original order price is determined by the current bid/ask plus or minus an offset. But unlike the pegged order price, the "snap to" order price doesn't continue to peg as the price moves.

A Snap to Market BUY order snaps to the ask minus the offset, to set the order price. For a SELL order, it snaps to the bid plus the offset.
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Old 09.04.2020, 13:00
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Re: Trailing option on IB for NYSE and Nasdaq stocks?

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The Snap to Market (SNAP MKT) order is similar to a pegged order, as the original order price is determined by the current bid/ask plus or minus an offset. But unlike the pegged order price, the "snap to" order price doesn't continue to peg as the price moves.

A Snap to Market BUY order snaps to the ask minus the offset, to set the order price. For a SELL order, it snaps to the bid plus the offset.
I didnt understood it properly, what exactly this type of order does?
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Old 09.04.2020, 22:05
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Re: Trailing option on IB for NYSE and Nasdaq stocks?

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I didnt understood it properly, what exactly this type of order does?
I don't use them as I don't trade so I can't really help, you'll need to look that up yourself. For someone who trades often that's probably worthwhile.

Open the online help, open the menu tree on the left (the icon to the right of the home button) and read what they say about the peg-to and snap-to orders, in conjunction the thing may make (more) sense. The online tutorials I watched are quite well done and informative, you may find additional information there.
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