Post
Topic
Board Trading Discussion
Re: Trailing Stop Sell for Profit Taking
by
jeraldskie11
on 17/06/2023, 12:33:39 UTC
Is anyone using trailing stops when taking profit from a pump and if so what percentage do you trail?
Previously, I used trailing stops in my trades. As I understand it, a trailing stop is a stop loss in the sense of profit, hence it should be said "stop gain" Cheesy. This is to ensure that you will make a profit, no matter how tiny. If you understand how to define the market structure, determining where to position your trail stop should be simple. When I was still using trailing stops, I always placed them in the invalidity zone because I believe that if the price reaches my trailing stop, the trend will reverse.