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Are you tired of constantly checking the markets and worrying about when to exit your trades? Look no further, because the solution is here: the trailing stop loss!
Not only will a trailing stop loss take the stress off of constantly monitoring the markets, it will also help you lock in profits as the market moves in your favour.
Imagine buying a stock at Rs.1000 and watching it climb to Rs.1100. With a trailing stop loss, you can set your stop loss at Rs.1050 and let the market do the rest. If the price keeps going up, your stop loss will also adjust upwards, following the price and protecting your profits. And if the market suddenly turns against you, the trailing stop loss will automatically trigger and exit the trade at your desired level.
In this video, we have talked about a unique trailing stop loss method that you can use to exit trades at the right time.
Enjoy!
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20 дек 2022