๐ Trading Words Explained #12
๐ Trailing Stop
๐ก A Trailing Stop is a dynamic stop-loss order that moves with the market price.
๐ If the price goes up, your stop-loss rises too, locking in profits.
๐ But if the price drops, your stop stays put and triggers if the price falls too far.
๐ฏ It helps protect gains while giving room for the trade to grow!
Example:
Buy $BTC at $30,000
Set trailing stop at 5%
If BTC rises to $32,000, stop moves to $30,400
If price falls 5% from peak, your position sells automatically.
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