HOW TO AUTOMATICALLY PROTECT YOUR PROFITS! 📈⚡
In another post, I explained the STOP MARKET (A fixed stop👇)
COMO CONFIGURAR O STOP LOSS !!!Now I will show you the next level: the TRAILING STOP (or Mobile Stop). This tool is one of the most powerful for PROTECTING YOUR PROFITS when a currency you bought starts to rise continuously!
No more selling too early or letting the profit revert completely.
HOW TO SET UP THE TRAILING STOP:
Look for the currency/pair where you are already in profit (Ex:
$ZEC ,
$SOL ,
$OM ), click on the SELL option, and in the order menu, select the "Trailing Stop" option (Like in the image👇)
Instead of a FIXED PRICE (like $260), you will set a DISTANCE (called "Trailing Delta"). Usually, it is a percentage: 1%, 2%, 5%, etc.
LET'S GO TO A PRACTICAL EXAMPLE:
Imagine a currency is worth R$ 1,000.00 and I set a Trailing Stop of 5%.
SCENARIO 1: THE PRICE RISES 📈
The currency rises to R$ 1,200.00. My stop is no longer down there. It automatically rises to R$ 1,140.00 (5% below the new peak of R$ 1,200).
If it continues to rise to R$ 1,500.00, my stop rises up to R$ 1,425.00.
SCENARIO 2: THE PRICE TURNS AND FALLS 📉
The price hit R$ 1,500 (and my automatic stop is at R$ 1,425.00).
Then the market turns. As soon as the price drops by 5% (i.e., hits R$ 1,425.00), the system SELLS EVERYTHING automatically!
Did you notice the genius of this? You don’t need to keep raising the stop manually all the time!
You let the profit run (let it rise!) and, at the same time, protect what you have already earned without doing anything!🧠
#TrailingStop #TradeInteligente #Binance #StopLossStrategies #ProtegerLucros