๐๏ธ๐Do you know about Trailing Stop ๐
๐Trailing Stop is type of stop loss that move with the market price
๐It lock in profits with the market goes in your favor
๐If price go up, the stop moves up too
๐It helps to maximize gains and losses automatically
๐ Example
Price = $100, Trailing = $5 Stop is $95
If price go to $110 stop moves to $105
If price drop $105, your position close
๐๐ Trailing Stop is perfect for volatiles market and stress free trading
Note : this is not financial advice please do your own research before trading ๐