Topic: Trailing Stop Sell for Profit Taking (Read 93 times)

It's good with the way you have the determination on your stop loss placement, I love traders who believe in what they do in terms of approach, but that should only be when it's truly earning for them and keeping their account safe.

And as much as I use your style of a fixed stop loss with some trades, I definitely can't afford to do it with others, and the kind of asset I trade at that time matters. If I trade gold, for example, I can't imagine myself leaving my stop loss at the same level after capturing about 150 pips in the trade.

I have support and resistance strategies that show me the accurate places to place my stop loss, and at that time, they must have shifted ground for me to safely lock my position in profit.

Trailing stop loss can save us a lot of risk. If we trade using stop loss then we have less chance of loss. But when I first started trading I didn't understand stop loss and I lost money almost every time.But now since I go to stop loss almost most of the time I can trade and make profit.I think there are many advantages of using stop loss. Those who are big traders trade using stop loss. Trading using stop loss is very safe.

Trailing stop loss and 'sell profit reduce risk from big loss and help us for profit. I always want to use stop loss and take profit. I think stop loss and take profit is very helpful for a trader. Because some times market huge pump and some times huge down. Then there has a possibility for huge loss and has a chance for big profit If we use stop loss and take profit properly. Overall to safe trading trailing stop sell for profit is very effective and helpful to trading.

The best practice is to at least book some profits or they are lower. But still you will be calm because you have gained something not just lost it, It took to much time for a person to understand this method correctly so that, he could get benefit from the full pump but keep in mind, it is always your luck and your understanding about that coin, For example, i had a token BS and i want to sell then, at that time price was around i think more than 0.45 and it remained there like 2 days ago and after touching 0.48 it came down to 0.38 and then the next morning it was around 0.45 so i thought it is a good chance for me to sell so i only sold 50% of my token so that i could benefit more when it reaches to new high well, unfortunately, it did not set any new ATH in a weekly timeframe so i had to sell my remaining 50% when it was near to 0.43 well, i am happy with that too because from them to till now, it has not touched 0.43$.

The point is, never regret on fewer profits and keep your mind some space to grow and enjoy the profits which you have made, if you were not able to get full benefits from that QNT token then no regret because at least you have booked some profits and you may know the nature of that token very well, so i hope you will get my point, and always perform DCA while selling too.

When you're longing a position and then move your stop loss above the buying price, that's what we call a trail stop. And because your stop loss is higher than your buying price, if the price falls and hits it, you still get profit, especially if your profit exceeds your trading charge. We all have various perspectives on trailing stops; some see them as advantages, while others see them as disadvantages. That is why we cannot make others believe in you.

You know tgayt we cannot achieve two things at a time in some conditions using a stop loss approach on trailing stop is the perfect way of avoiding an excessive loss at the cause making your trade and in the same line you will have a stop in your profits gain because you have avoided the risk in using a stop trailing approach to remain on a safe zone and you can't expect profits coming that same direction.

Previously, I used trailing stops in my trades. As I understand it, a trailing stop is a stop loss in the sense of profit, hence it should be said "stop gain" . This is to ensure that you will make a profit, no matter how tiny. If you understand how to define the market structure, determining where to position your trail stop should be simple. When I was still using trailing stops, I always placed them in the invalidity zone because I believe that if the price reaches my trailing stop, the trend will reverse.

The percentage depends on the pump and volatility of the coin or speculation of it at the moment because trailing stop can actually get you to stop your trade when you are suppose to maximize your profit. It can stop you half way when you have set the percentage very high, so I could go for 1% or 2% while watching the market and adjusting my stop loss as well.

About what percentage I usually use to trailing stops when taking profits depends on your risk management or risk: reward ratio.
Because sometimes if you do this, your risk: reward ratio for that trade will be affected.
Take note that the higher percentage is, the higher profits will be ensure, but be careful, it's still risky.

This is to stop the loss in the long positions, but there is a saying that the profit occurs when buying and not when selling, focus on when you buy and not when you sell. Trailing stops are executed below the support level when it is broken, you know that it reach its conviction that the price will not rise again, and therefore it is better to sell. Therefore, it is not placed as a percentage, but rather under the support chart at a rate of 10% to 20%, and not for a specific price, as the support level varies from one price range to another.

It is easier in Bitcoin and more difficult in altcoin especially pump-and-dump coins, in which technical analysis indicators do not play a main role, and then it is difficult to identify support and resistance points. Therefore, in those currencies you do not do many calculations and consider any gain as a gain because it may not come again.

Mine depends on my initial stop loss, which is in most cases at 20%, but I don't like trailing stops
The strategy is good if the market is trending quite well, but I prefer to follow the rules and not wait for the coin to pump to the moon so that I can take the biggest profit. Once my target profit hits, I exit in most cases without thinking twice.

Is anyone using trailing stops when taking profit from a pump and if so what percentage do you trail??

For example I sold some $QNT today as it pumped off the back of positive news.

I had no idea how high it would go so trialled a 1% trailing stop.

Obviously I didn't get the peak breakout of £116 but did sell at £114ish as the pump stalled.