- Use trailing stop-loss orders to maximize profit
Nice plan for a trade and stop loss is always advisable for every trade.
However, the use of trailing stop for me, doesn't maximize profit rather it makes you not to lose if you started making profit because it takes your profit instantly as it is coming which means, the price can run to your trailing stop-loss immediately logging you out on a smaller profit or nothing while continuing the trade and pick a big difference between your entry price which could have been your profit but can't be because you have been knocked of at the beginning.
