Want to lock in max profits without getting rugged by sudden dumps?
Trailing stop-loss is your best friend.
Here's the play:
You're holding $XYZ
Entry: $100
Price pumps to $110
Set stop at $105
Price rips to $130?
Move your stop to $120 and take half off the table
Keep sliding that stop-loss up as price climbs
This way even if it dumps hard you're already secured profits
No more watching your unrealized gains evaporate
Protect your bag
Trailing stop-loss is your best friend.
Here's the play:
You're holding $XYZ
Entry: $100
Price pumps to $110
Set stop at $105
Price rips to $130?
Move your stop to $120 and take half off the table
Keep sliding that stop-loss up as price climbs
This way even if it dumps hard you're already secured profits
No more watching your unrealized gains evaporate
Protect your bag