How to place a trailing stop order on a future price?

[Bassindora]

I'm holding stock at $119 and am getting ready to leave on vacation for 10 days in a remote area with no internet connection.

The hope is that it will run while I am gone.

When the stock hits $120 I want to place a trailing stop of $1.

I know how to place the trailing stop, but I don't know how to place it so it only becomes active if the stock goes over $120.

Any help would be appreciated.

I am using TOS.

 

[rad14733]

@Bassindora Do you want both the Limit and StopLoss to wait for $120, or immediately...???

 

[Bassindora]

@Bassindora Do you want both the Limit and StopLoss to wait for $120, or immediately...???

Limit immediately and stoploss at $120. Thx

 

[rad14733]

@Bassindora What you want is a TrailingStopLimit as described below as well as in several Videos...There are also ample examples on YouTube...

https://toslc.thinkorswim.com/center/howToTos/thinkManual/Trade/Order-Entry-Tools/Order-Types

https://www.schwab.com/learn/story/trailing-stop-orders-on-thinkorswim-desktop