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

 

[Mayra Silva]

You can set this up in ThinkOrSwim (TOS) using a conditional order.

Here’s how to do it:

Create a Stop Market or Stop Limit order with a trailing stop of $1.

In the order settings, look for the "Conditions" tab (gear icon).

Set a condition like:
Mark >= 120
This tells TOS to only activate the trailing stop order after the stock price reaches $120.

Once triggered, the $1 trailing stop will follow the price upward.

Make sure to preview and double-check everything before you leave — especially if you’ll be without internet access.

Alternatively, you can also create an OCO (One Cancels Other) order with a limit sell target and a conditional trailing stop as a backup.

Safe travels — hope it runs for you while you’re gone!

 

[wirkkarl]

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.

Hey! To set a trailing stop in TOS that only becomes active once the stock price goes above $120, you can use a conditional order. You can set the order to trigger only when the stock price hits $120, and then activate the trailing stop based on that price. To do this, you can use a conditional expression in the order entry setup that checks if the price crosses $120 before placing the trailing stop. You’ll need to go into the ‘Advanced Orders’ section to configure this. Hope that helps, and have a great vacation!"


Let me know if you'd like to tweak anything!

 

[Bassindora]

You can set this up in ThinkOrSwim (TOS) using a conditional order.

Here’s how to do it:

Create a Stop Market or Stop Limit order with a trailing stop of $1.

In the order settings, look for the "Conditions" tab (gear icon).

Set a condition like:
Mark >= 120
This tells TOS to only activate the trailing stop order after the stock price reaches $120.

Once triggered, the $1 trailing stop will follow the price upward.

Make sure to preview and double-check everything before you leave — especially if you’ll be without internet access.

Alternatively, you can also create an OCO (One Cancels Other) order with a limit sell target and a conditional trailing stop as a backup.

Safe travels — hope it runs for you while you’re gone!

Mayra,

Many thanks for the response. After trial and error, I found exactly what you are talking about.

Best,
Mark