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USE TRAILING STOP LOSS AND NEVER LOSE MONEY LIKE A PRO .
Its my secret Stretagy 🤠😎
How to Use Trailing Stop Loss (TSL) in Trading

A Trailing Stop Loss (TSL) helps lock in profits while allowing a trade to run. Instead of a fixed stop loss, it moves dynamically based on price movements.

How It Works:

Set Initial Stop Loss (SL): Place SL at a safe level based on risk management.

Define Trailing Distance: Decide how much the price must move before SL updates (e.g., 2%, $0.50, etc.).

Price Moves Up → SL Adjusts: As the price rises, the stop loss follows at a fixed distance.

Price Drops → SL Triggers: If the price drops by the trailing amount, the stop loss executes.

Example with X Coin (Price = $10)

Entry: $10

Initial Stop Loss: $9.50 (-5%)

Trailing Distance: $0.50

Price Movements & TSL Updates:
✅ Price reaches $10.50 → SL moves to $10.00
✅ Price reaches $11.00 → SL moves to $10.50
✅ Price reaches $11.50 → SL moves to $11.00
❌ Price drops to $11.00 → SL triggers, trade closes

Benefits of TSL:

✔ Locks in profits
✔ Reduces emotional trading
✔ Allows winners to run while cutting losses

#pandaTraders