<p dir="ltr"><strong><span style="font-size:16ptpx"><span style="color:#000000"><span style="background-color:#ffffff">Similar to a stop loss in that it limits potential losses in an open order. But unlike a simple stop loss where the threshold does not change, a trailing stop loss can be instructed to automatically adjust the limit price closer to the market price when the market price moves in your favors.</span></span></span></strong></p>