Trailing stop

How many of you use a trailing stop. Does it help to minimize risk

I do use trailing stop and yes, it is an effective way to minimize the risk. It is not that strong because the price a which the sell order you filled can be ultimately lower than trigger price, so when there is price falling it can be a problem.

Trailing stops are a very collaborative part of risk control. Using trailing stops can save you a lot of losses. Many people trade by following this strategy.

Yes, trailing stops are quite useful.

DoraWalletInvest posted:
Yes, trailing stops are quite useful.

Of course, you need to have that knowledge to use it.

how much pips should be the distance from the price?

LeviSievwright5 posted:
Trailing stops are a very collaborative part of risk control. Using trailing stops can save you a lot of losses. Many people trade by following this strategy.

Yes. It is very useful to reduce losses.

Macyjones posted:
How many of you use a trailing stop. Does it help to minimize risk

Useful to avoid loosing trades

A trailing stop is just like a regular stop order, except you can set it to move along with the market.