Glossary A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | 1 | 3 | 4 | 5 Definitions by InvestorWords.com   What is...? trailing stop order A trailing stop order is an order in which the stop trigger price is specified in terms of points or a percentage above or below a security's market price. If the security's price moves in a favorable direction after the order is placed, the stop trigger price will adjust itself automatically. All trailing stop orders are held at E*TRADE Securities until triggered. Once the security's market price crosses the current stop price, the order is triggered and sent to the market center as a market order and then executed at the prevailing market price. Copyright ©2009 by InvestorGuide.com. All Rights Reserved.