Important ⚠️ for every trader or investor
For me, this is the most important feature when trading
What does Trailing Stop-Loss mean?
It is a stop loss that moves automatically with the price if it is rising, and stays in place if the price drops.
Its goal: to protect your profits without having to watch the chart every minute.
This means that instead of raising the stop loss manually with the price increase… it rises automatically.
⸻
How does it work? (Simplest example)
You bought Bitcoin at the price of $60,000
And set a Trailing Stop-Loss at a rate of 5%
• The price went up to 63,000$ → the stop also goes up (5% below the new price)
• The price went up to 65,000$ → the stop rises again
• Then the price dropped to 61,700$ → here the stop is hit and you sell the trade.
The result 👈🏻 you ended up with a profit instead of the price dropping back and hitting you with a loss.
The #ByBit platform provides you with this feature when trading… subscribe through me if you don't have an account 👇🏻
For me, this is the most important feature when trading
What does Trailing Stop-Loss mean?
It is a stop loss that moves automatically with the price if it is rising, and stays in place if the price drops.
Its goal: to protect your profits without having to watch the chart every minute.
This means that instead of raising the stop loss manually with the price increase… it rises automatically.
⸻
How does it work? (Simplest example)
You bought Bitcoin at the price of $60,000
And set a Trailing Stop-Loss at a rate of 5%
• The price went up to 63,000$ → the stop also goes up (5% below the new price)
• The price went up to 65,000$ → the stop rises again
• Then the price dropped to 61,700$ → here the stop is hit and you sell the trade.
The result 👈🏻 you ended up with a profit instead of the price dropping back and hitting you with a loss.
The #ByBit platform provides you with this feature when trading… subscribe through me if you don't have an account 👇🏻