Trailing Stop. Are You Using It On Your Trading Strategy? by arnel

hive-175254 · @arnel · Aug 4 '20

$7.03

Trailing Stop. Are You Using It On Your Trading Strategy?

![trailing stop.png](https://cdn.steemitimages.com/DQmbvoc7w9c67yfEosiVrykYQqsCayjCQnu6ZnHCdGJBXtR/trailing%20stop.png)

You are maybe asking what is a Trailing Stop Order? And how does it benefit you as a trader? I was not using this strategy before but lately as I implement a new plan, I am looking forward to using this feature in most of my trading activities.

First, to define the Trailing Stop Order, it is simply a feature where you can lock in your profits by liquidating your position when the market starts to move against you, To better illustrate it, take a look at the image below.

![stop-loss-585x329.png](https://cdn.steemitimages.com/DQmNUyZPTjxABNm1dwsUQJcQof5SfT8hx9xo2wdj8Wz2TdD/stop-loss-585x329.png)

The said image we put in a callback rate of 10%. Your profits are locked with your assigned trigger price. The trigger price serves as your Take Profit level but then you continuously follow the trend. When you are in a long position, a sell order will be activated when the price drops by 10% from its latest peak after the purchase. The short or sell order just works like a mirror image with a long position.

Unlike standard stop-loss that is activated when the price drops 10% from the initial buy price, trailing stop-loss is recalculated from the latest peak price.  

This is a good strategy to maximize your profits especially when the trend goes in an extended period. If you are into trading, I think this is one good feature you should carefully look into.

 For a more detailed explana\tion about this feature here is an article from Binance about the said feature. [ What is a Trailing Stop Order? ]( https://binance.zendesk.com/hc/en-us/articles/360042299292-What-is-a-Trailing-Stop-Order- )
  
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👍 project.hope, therising, crypto.piotr, reflektor, payroll, xpilar, hingsten, doifeellucky, bippe, steemitcentral, deathcross, majes.tytyty, help.venezuela, vallesleoruther, happy-soul, bigpower, mariusfebruary, chesatochi, nainaztengra, ph-fund, lanzjoseg, lastminuteman, tysler, dses, arnel, ritxi, samminator, guruvaj, rakison2, syedumair, gbenga, alvinauh, tfame3865, jagged, beckie96830, gandhibaba, jadams2k18, paragism, mikitaly, devcoin, weddinggift, minerthreat, lrcconsult, carrieallen, tomlee, retinox, delegate4gg, develcuy, steempampanga, awah, btcsam, ramsesuchiha, co2admin, alokkumar121, adeljose, adityajainxds, simplex-world, akdx, thetimetravelerz, fortunex, dbfoodbank, jadung, london65, khiabels, and 32 others

`author`	arnel
`permlink`	trailing-stop-are-you-using-it-on-your-trading-strategy
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`created`	2020-08-04 08:23:36
`last_update`	2020-08-04 08:23:36
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`cashout_time`	1969-12-31 23:59:59
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properties (23)vote details (96)

voter	rshares	pct
xpilar	427,409,986,225	50%
develcuy	4,423,295,484	50%
chesatochi	58,527,560,587	10%
lastminuteman	33,554,024,531	47.5%
gbenga	16,226,333,011	50%
arnel	22,120,557,773	100%
khussan	1,011,069,202	54%
jagged	7,992,912,281	5%
mys	697,290,181	0.33%
samminator	21,877,192,392	14%
vallesleoruther	90,294,936,574	100%
btcsam	3,652,689,556	20%
tfame3865	9,649,025,305	10%
syedumair	19,156,468,418	2%
hassanabid	848,282,723	10%
valchiz	1,459,083,757	10%
nainaztengra	43,874,629,141	5%
devcoin	5,775,676,837	50%
fbslo	634,457,475	0.16%
carrieallen	5,220,413,856	6%
majes.tytyty	116,027,567,771	10%
vishalsingh4997	533,626,625	10%
thetimetravelerz	2,539,565,690	20%
doifeellucky	331,450,124,346	100%
cjsean	1,235,296,755	17.5%
lifecruiser	2,198,943,985	10%
alvinauh	11,982,552,013	10%
mtl1979	1,342,888,945	27%
mikitaly	5,884,888,255	20%
guruvaj	20,968,542,657	27.5%
tolustx	1,424,289,856	10%
fortunex	2,533,381,368	10%
adityajainxds	3,001,781,264	3.33%
gandhibaba	7,238,808,479	2%
lanzjoseg	35,655,431,329	20%
ramsesuchiha	3,566,843,220	20%
happy-soul	86,245,642,040	10%
jadams2k18	6,964,573,538	20%
steempampanga	3,984,850,551	25%
zoniacb	826,753,102	20%
retinox	4,722,723,660	24.57%
paragism	6,303,956,450	25%
franyeligonzalez	2,108,254,930	10%
therising	3,256,664,126,706	20%
payroll	490,630,068,556	2%
mariusfebruary	65,039,709,628	10%
ritxi	22,008,877,777	10%
crypto.piotr	1,060,160,829,286	54%
minerthreat	5,355,043,976	25%
akdx	2,810,999,168	5%
khiabels	2,269,726,614	22.5%
tysler	27,330,154,381	19%
dses	22,289,170,494	60%
karamyog	707,359,596	20%
bigpower	76,929,779,917	50%
cyberspacegod	2,197,821,514	50%
adeljose	3,044,844,017	70%
quatro	1,699,887,339	20%
rakison2	19,478,908,690	10%
erica005	1,874,285,918	30%
deathcross	126,097,177,870	100%
london65	2,275,060,500	22.5%
mysia	2,007,495,332	100%
steemitcentral	173,685,831,670	70%
laissez-faire	101,051,941	100%
alokkumar121	3,093,711,289	5%
dashand	50,361,472	1.37%
reflektor	606,612,376,199	50%
bippe	186,691,145,152	50%
junnel123	558,163,844	27%
hingsten	402,300,774,927	50%
jadung	2,346,257,987	25%
help.venezuela	112,076,959,410	50%
theithei	1,369,075,659	20%
ritch	2,182,453,865	20%
tinster	1,380,759,444	25%
glstech	1,039,780,733	25%
tomlee	5,100,398,000	25%
co2admin	3,326,644,249	24.57%
lrcconsult	5,287,526,342	50%
project.hope	8,600,114,887,760	50%
delegate4gg	4,558,917,799	100%
taverngames	866,073,304	50%
dbfoodbank	2,387,245,167	57%
simplex-world	2,965,971,581	40.72%
ph-fund	42,274,469,402	20%
jgb	547,942,963	5%
weddinggift	5,757,010,386	100%
awah	3,882,901,229	10%
brage	1,746,612,244	50%
luckyali	1,256,826,011	16%
mynima	766,523,712	20%
sunsan	628,154,270	25%
beckie96830	7,564,472,338	50%
mandate	631,576,086	10%
arenacrypto	1,604,330,045	10%