Trailing Stop Sell

1. Ride the Current Market Trends with Trailing Stop Sell Orders

2. Are you new to crypto trading? Wondered, how professional traders ride the big market trends? Doesn’t it trouble you when you come back after a long day at the office, and find that you have missed the opportunity to buy or sell any crypto asset? Well, it messed up many of us! Isn’t it? So, want to know about that strategy which makes experts earn good profits? Well, the secret to profitable crypto trading is making use of Trailing stop orders. Using stops, stop buy, stop sell, or Trailing stop sell, Trailing sell, etc. in crypto trading is the best way to preserve capital gains.

3. What is a trailing stop? Trailing stop is actually a risk-management technique where the stop-loss level of the trader trails the current market trends by a specific value or percentage. Instead of using a fixed stop price, the trailing stop trails an asset price and it may increase or decrease as per the market trends. One can use a trailing stop buy or trailing stop sell order which is determined by if you are long or short a position. If the crypto asset’s price moves in a favorable direction, the trailing stop price will move or increase with the asset. And if the price moves in an unfavorable direction, the trailing stop price will remain the same. If the asset’s price reaches the predetermined trailing stop price, a market order will be triggered. And, this order will be executed at the best currently available price on the market.

4. A trailing stop sell order will be executed for a long trade In this order type, the trailing stop price moves up by a predefined trailing percentage. Here a new stop price will be formed when the price moves up. When the price of the asset moves down, the trailing stop value will also stop moving. And, a sell order will be issued if the price moves more than the predetermined price from its peak price and reaches the trailing stop price. The trade will be closed with the sell order.

5. Therefore, Trailing Stop Sell order sets the initial stop price at a fixed percentage below the market price as defined by the Trailing Amount. As the market price rises, the sell stop price rises one-to-one with the market but always at the interval set initially by the trailing percentage amount. If the stock price falls, the stop price remains the same. When the stop price is hit, a market order is triggered. And, the buy order is just the opposite of a Trailing stop sell order. For a short trade, a trailing stop buy order is placed below the trade entry. Using Binance trading bots makes the process easier and straightforward. The third-party exchanges provide the right tools to traders which they need to place trailing stops and related orders. These platforms also provide signals and considering trading with signals will let you place profitable trades.

6. Thank You