The difference is realized when the trade moves in your desired direction. ![]() Initially, the trailing stop loss is just the same as the regular stop loss. It allows you to secure profits too while securing profit it doesn’t place a limit on potential profits while securing profit you are at the same time setting a limit on potential loss in this way you can ride a trend while having an effective exit strategy in place. There are three main benefits of using a trailing stop loss. The trailing stop is not generally used as an entry order but rather when you already have an open favorable position which is accumulating profit. ![]() Trailing stop loss is similar to the regular stop loss however it has a trailing amount attached to it.Ī trailing stop loss order is very effective at managing risk and optimizing profits.
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