a Trailing Stop limit Order is clear in my mind. You want to sell your stock when the price starts to fall after reaching a max; or you want to buy a stock after the price starts to rise after a minimum. So far so good.
This does not make sense in my mind: "I would want to wait for a minimum price and than sell when it starts to grow again?" Non sense. The same non sense applies for stop buy trailing orders.
Please help me understand what Bitstamp means with that.
Thx a lot!