“First Time Using Trailing Stop-Loss: Between Nervousness and Relief”
At first, I was hesitant to try the trailing stop-loss feature on Binance. I usually only use limit or regular stop orders. But after a few times the market reversed when I left for a moment, I thought, “Okay, it’s time to upgrade my strategy.”
At that time, I bought an asset that was rising quite rapidly. I set a trailing stop at 3%, hoping to secure profits without having to constantly monitor the charts. And sure enough — the price kept rising, and the trailing stop followed upwards. When it finally corrected, the sell order was executed automatically. The result? Higher profits than if I had sold manually earlier.
Since then, this feature has become my go-to tool for protecting profits when the market is aggressive. It feels like having a personal assistant guarding my position without the drama of FOMO.
