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Board Beginners & Help
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Trailing Stop Sell for Profit Taking
by
NIrish
on 16/06/2023, 23:06:26 UTC
Is anyone using trailing stops when taking profit from a pump and if so what percentage do you trail??

For example I sold some $QNT today as it pumped off the back of positive news.

I had no idea how high it would go so trialled a 1% trailing stop.

Obviously I didn't get the peak breakout of £116 but did sell at £114ish as the pump stalled.