Hi All,

Sorry for the newbie question - very new to this and have only been trading for a couple of months with a semi-success rate.

My question is Barclays specific. As I have been reading and learning more I have come to the conclusion that I would like to start playing with Trailing Stops as a form of protection. I understand their principle but am extremely confused on how to implement them using the online broker that I do - I was just wondering if anyone else was using the Barclays Smart Investor platform and could explain how to apply them in laymen terms.

The options they offer are a 'Min Value', 'Max Value' and 'Expiry Date'. If for example, I had some shares that I purchased for 70p per share and were now at 100p per share - how do I set up a Trailing Stop for say 80p regarding the 'Min' and 'Max' values? Would I also take it that the trail remains at 20p trailing difference should the share rise to 120p or does it maintain a percent difference?

Once again, apologies for the newbie question but I figured that asking here might also benefit someone else in the future and offer a more straightforward and understandable answer than Barclays support will be able too - sadly their documentation on the website is also pretty non-existent as well.

Thanks in advance,

Nathan.

Finish reading with a 14 day trial

or Unlock with your email

Already have an account?
Login here