Tommaso
Sun Nov 17 2024
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7 answers
1955
Do professional traders use trailing stop loss?
I am wondering if professional traders in the financial markets utilize the trailing stop loss strategy as part of their risk management approach when trading stocks, currencies, or other financial assets.
KpopStarletShine
Tue Jul 16 2024
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6 answers
1360
What is a trailing stop loss & take profit order in goodcrypto?
Could you elaborate on the concept of trailing stop loss and take profit orders in the context of cryptocurrency trading platforms, particularly GoodCrypto? For those who are unfamiliar, how does a trailing stop loss work? Does it automatically adjust the stop price as the market moves, potentially locking in more profits or limiting losses? Similarly, how does a trailing take profit order function? Does it enable traders to set a dynamic profit target that rises with the market, maximizing their potential gains? Understanding these tools seems crucial for effective risk management and profit maximization in the volatile crypto market.
