What is a trailing stop loss?
This post was originally posted here. The writer, Rayner Teo is a veteran community member and blogger on InvestingNote, with a username known as @Rayner and has 613 followers. Have you ever wondered how professional traders ride big trends? You know the type of trend that keeps going higher and your profit keeps snowballing — while you do nothing. Well, the secret is this… They use a trailing stop loss. You’re thinking: “It doesn’t work.” “I’ve used it before but the market always hit my stop loss before it trends.” That’s because:
You’re using the wrong trailing stop loss technique Your trailing stop loss is too tight But don’t worry. I’ll teach you how to fix all these and more in today’s post. PLUS, you’ll learn 5 powerful techniques to trail your stop loss so you...