๐บ๐บ Guide to Trailing Stop โ Protect Your Profits Without Emotions
โ If you are making profits and do not want to lose them, use the trailing stop!
๐ The trailing stop follows the price if it rises and closes the trade if the market reverses, to secure your profits.
๐ Example:
1๏ธโฃ You bought at $100
2๏ธโฃ You set a trailing stop at $10
3๏ธโฃ The price reached $115 โ the stop rises to $105
4๏ธโฃ The price dropped to $105 โ the trade closes
โ Result: $5 profit protected automatically
โ Advantages:
โข Securing profits
โข Trading without emotions
โข Excellent in a rising market
โ Disadvantages:
โข Triggers early in a volatile market
โข Ineffective in a sideways market
๐ Tips:
โข Donโt make it too tight
โข Use it with news or strong breakouts
โข Try combining it with trend and volatility indicators
๐ฏ The trailing stop is a smart profit guardian โ it follows the trend and saves you during a reversal!
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๐ This is not financial advice.