Trailing Stop vs Exit

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  • piers
    Junior Member
    • Apr 2019
    • 1

    #1

    Trailing Stop vs Exit

    Lets say I have a lay to back trade moving in the right direction. The lay is matched and the price is drifting - I place a trailing stop x% behind the current price . Now lets imagine for some time constraint reason (say want to exit before going in-play) I decide to exit the trade. Should I:

    A) Place a back bet at the current price and pull the trailing stop if it gets matched (I guess I am asking is the order queue reliable enough for this)

    B) Place a back bet in the price above the current position?

    Then something my pea brain is struggling with - how do I handle the exit if some of the order is taken and not all and the price changes - how do I calc the revised greening up amount? 😬
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