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Trailing Market if Touched Order

Trading Term

A Trailing Market-if-Touched (TRAIL MIT) order is is similar to a trailing stop order, except that in a Trailing Market if Touched order, a sell order sets the initial stop price at a fixed amount above the market price instead of below. This order is held in the system until the trigger price is touched, and is then submitted as a market order. For more information, see the Trailing Market if Touched Orders page.

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