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
