๐Ÿ”บ๐Ÿ”บ Guide to Trailing Stop โ€” Protect Your Profits Without Emotions

โœ‹ If you are making profits and do not want to lose them, use the trailing stop!

๐Ÿ”“ The trailing stop follows the price if it rises and closes the trade if the market reverses, to secure your profits.

๐Ÿ“Š Example:

1๏ธโƒฃ You bought at $100

2๏ธโƒฃ You set a trailing stop at $10

3๏ธโƒฃ The price reached $115 โ†’ the stop rises to $105

4๏ธโƒฃ The price dropped to $105 โ†’ the trade closes

โœ… Result: $5 profit protected automatically

โœ… Advantages:

โ€ข Securing profits

โ€ข Trading without emotions

โ€ข Excellent in a rising market

โŒ Disadvantages:

โ€ข Triggers early in a volatile market

โ€ข Ineffective in a sideways market

๐Ÿ“Œ Tips:

โ€ข Donโ€™t make it too tight

โ€ข Use it with news or strong breakouts

โ€ข Try combining it with trend and volatility indicators

๐ŸŽฏ The trailing stop is a smart profit guardian โ€” it follows the trend and saves you during a reversal!

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๐Ÿ›‘ This is not financial advice.