{"record_type":"pith_number_record","schema_url":"https://pith.science/schemas/pith-number/v1.json","pith_number":"pith:2017:LPMVPUJOOCKRPFM23VGEPNXCCV","short_pith_number":"pith:LPMVPUJO","schema_version":"1.0","canonical_sha256":"5bd957d12e709517959add4c47b6e2156cc7dbfc0aca8a67c4efc482e5c07553","source":{"kind":"arxiv","id":"1701.03960","version":2},"attestation_state":"computed","paper":{"title":"Optimal Trading with a Trailing Stop","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"","cross_cats":[],"primary_cat":"q-fin.MF","authors_text":"Hongzhong Zhang, Tim Leung","submitted_at":"2017-01-14T19:48:25Z","abstract_excerpt":"Trailing stop is a popular stop-loss trading strategy by which the investor will sell the asset once its price experiences a pre-specified percentage drawdown. In this paper, we study the problem of timing buy and then sell an asset subject to a trailing stop. Under a general linear diffusion framework, we study an optimal double stopping problem with a random path-dependent maturity. Specifically, we first derive the optimal liquidation strategy prior to a given trailing stop, and prove the optimality of using a sell limit order in conjunction with the trailing stop. Our analytic results for "},"verification_status":{"content_addressed":true,"pith_receipt":true,"author_attested":false,"weak_author_claims":0,"strong_author_claims":0,"externally_anchored":false,"storage_verified":false,"citation_signatures":0,"replication_records":0,"graph_snapshot":true,"references_resolved":false,"formal_links_present":false},"canonical_record":{"source":{"id":"1701.03960","kind":"arxiv","version":2},"metadata":{"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.MF","submitted_at":"2017-01-14T19:48:25Z","cross_cats_sorted":[],"title_canon_sha256":"579f4ddf99aa51fa7ca524a793ddc2b5b9bc6d6ffaea437cc61c429eeb29ec8d","abstract_canon_sha256":"9f8cd12ec96ce5c01dc8657fb23f6434ff187918841d1bcda73b76a033e38175"},"schema_version":"1.0"},"receipt":{"kind":"pith_receipt","key_id":"pith-v1-2026-05","algorithm":"ed25519","signed_at":"2026-05-17T23:50:38.975376Z","signature_b64":"PAR9NKa28rqaLQiAfCZNHWuKJ4l9xVpdRqDUxicizn1x6Sohz7VESVrAjdq8e/VN9I/F+S6mI07VaQLXRbqDAA==","signed_message":"canonical_sha256_bytes","builder_version":"pith-number-builder-2026-05-17-v1","receipt_version":"0.3","canonical_sha256":"5bd957d12e709517959add4c47b6e2156cc7dbfc0aca8a67c4efc482e5c07553","last_reissued_at":"2026-05-17T23:50:38.974928Z","signature_status":"signed_v1","first_computed_at":"2026-05-17T23:50:38.974928Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"graph_snapshot":{"paper":{"title":"Optimal Trading with a Trailing Stop","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"","cross_cats":[],"primary_cat":"q-fin.MF","authors_text":"Hongzhong Zhang, Tim Leung","submitted_at":"2017-01-14T19:48:25Z","abstract_excerpt":"Trailing stop is a popular stop-loss trading strategy by which the investor will sell the asset once its price experiences a pre-specified percentage drawdown. In this paper, we study the problem of timing buy and then sell an asset subject to a trailing stop. Under a general linear diffusion framework, we study an optimal double stopping problem with a random path-dependent maturity. Specifically, we first derive the optimal liquidation strategy prior to a given trailing stop, and prove the optimality of using a sell limit order in conjunction with the trailing stop. Our analytic results for "},"claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"1701.03960","kind":"arxiv","version":2},"verdict":{"id":null,"model_set":{},"created_at":null,"strongest_claim":"","one_line_summary":"","pipeline_version":null,"weakest_assumption":"","pith_extraction_headline":""},"references":{"count":0,"sample":[],"resolved_work":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","internal_anchors":0},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"author_claims":{"count":0,"strong_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"builder_version":"pith-number-builder-2026-05-17-v1"},"aliases":[{"alias_kind":"arxiv","alias_value":"1701.03960","created_at":"2026-05-17T23:50:38.974997+00:00"},{"alias_kind":"arxiv_version","alias_value":"1701.03960v2","created_at":"2026-05-17T23:50:38.974997+00:00"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.1701.03960","created_at":"2026-05-17T23:50:38.974997+00:00"},{"alias_kind":"pith_short_12","alias_value":"LPMVPUJOOCKR","created_at":"2026-05-18T12:31:28.150371+00:00"},{"alias_kind":"pith_short_16","alias_value":"LPMVPUJOOCKRPFM2","created_at":"2026-05-18T12:31:28.150371+00:00"},{"alias_kind":"pith_short_8","alias_value":"LPMVPUJO","created_at":"2026-05-18T12:31:28.150371+00:00"}],"events":[],"event_summary":{},"paper_claims":[],"inbound_citations":{"count":0,"internal_anchor_count":0,"sample":[]},"formal_canon":{"evidence_count":0,"sample":[],"anchors":[]},"links":{"html":"https://pith.science/pith/LPMVPUJOOCKRPFM23VGEPNXCCV","json":"https://pith.science/pith/LPMVPUJOOCKRPFM23VGEPNXCCV.json","graph_json":"https://pith.science/api/pith-number/LPMVPUJOOCKRPFM23VGEPNXCCV/graph.json","events_json":"https://pith.science/api/pith-number/LPMVPUJOOCKRPFM23VGEPNXCCV/events.json","paper":"https://pith.science/paper/LPMVPUJO"},"agent_actions":{"view_html":"https://pith.science/pith/LPMVPUJOOCKRPFM23VGEPNXCCV","download_json":"https://pith.science/pith/LPMVPUJOOCKRPFM23VGEPNXCCV.json","view_paper":"https://pith.science/paper/LPMVPUJO","resolve_alias":"https://pith.science/api/pith-number/resolve?arxiv=1701.03960&json=true","fetch_graph":"https://pith.science/api/pith-number/LPMVPUJOOCKRPFM23VGEPNXCCV/graph.json","fetch_events":"https://pith.science/api/pith-number/LPMVPUJOOCKRPFM23VGEPNXCCV/events.json","actions":{"anchor_timestamp":"https://pith.science/pith/LPMVPUJOOCKRPFM23VGEPNXCCV/action/timestamp_anchor","attest_storage":"https://pith.science/pith/LPMVPUJOOCKRPFM23VGEPNXCCV/action/storage_attestation","attest_author":"https://pith.science/pith/LPMVPUJOOCKRPFM23VGEPNXCCV/action/author_attestation","sign_citation":"https://pith.science/pith/LPMVPUJOOCKRPFM23VGEPNXCCV/action/citation_signature","submit_replication":"https://pith.science/pith/LPMVPUJOOCKRPFM23VGEPNXCCV/action/replication_record"}},"created_at":"2026-05-17T23:50:38.974997+00:00","updated_at":"2026-05-17T23:50:38.974997+00:00"}