How to use trailing stop orders for efficient trading?
Are you asking yourself what advanced trading is? To maximize profits and limit downside risk, seasoned traders use trailing stops. Wait, what? A trailing stop loss. A rare and thus high-value animal across the crypto world. It follows or, in other words, “trails” the market…
What is trailing stop-loss?
Neither a magic wand, nor a profit machine, trailing stop-loss is simply a trading feature that helps you liquidate your position when the market moves against you.