Using Trailing Stops to Protect Profits.

[ntoed]

Trailing Stops works just fine for beginning to intermediate traders who want to protect a profit.
Professional says : " let a winner run as long as possible ".
Are you still using trailing stops in your trading technique?

trailing stop is good if we know the best distance, because if we make short distance, the trade will stop when the price make a little retrace. usually i dont use trailing stop, if im sure about the trend then i will use averaging but if i dont then i wil use hedging to lock my position until im sure where the price will move.

[capablanca]

Once I have a trading plan, I follow it. I do not doubt or second-guess my plan. I meditate on my plan and picture myself carrying it out successfully, before I ever enter a trade. I really believe in mental imaging as being an important activity.

[hedging]

So, in the final analysis, it is a little like walking a tightrope between extreme unrealistic optimism and extreme debilitating pessimism. Finding the right balance is the key to trading consistently and profitably.People sometimes experiment with the idea to trade with other people. It might work, but for me, it did not. I trade alone. The advantages of trading alone are:

[retnotriwulandari]

Trailing Stops works just fine for beginning to intermediate traders who want to protect a profit.
Professional says : " let a winner run as long as possible ".
Are you still using trailing stops in your trading technique?

the better thing than the stoploss is the money management if u traded only 3% from ur acc without stopploss u will not loss even if the order went to -1000 pips u are save.

[Chelsea91]

using trailing stop is important when you are trading in swing, specially in the highly volatile pairs this prevent the large loss and keep your profits you gain, also it cam maximize your profits if you don't close the position and it keeps going in long trend

[yogesh]

Well would you like to let your trade go into losses even if it is in profit currently - why not close it - may be you want more profit but still do not want to get into losses - here is trailing stop loss to help you about.

[slyeahia]

A Trailing Stop is a fantastic method to protect profits. If the prices continue to move in the direction of your open position, the trailing stop will follow the prices. This allows a trader to lock in more profit. So it is very helpful for traders.

[gandhi]

yes ,right to use a trailing stop us we can secure our profit, especially if we are trading in the direction in the news and then can consistent trend that can profit consistently per week and month ..

good luck guys .

[fxmilon]

Using trailing stop play very important role in the volatile forex market to protect profits. Forex market is risky and volatile. Here using trailing stop is so important to have good profit from the volatile situation. So trailing stop is needed to use in the volatile market.

[new10002]

Yes I use the tailing stops and it is really helpful for me. As I am a newbie so most of the time I worry about losing my money. But when I use this and I set a profit margin then when that I earn that amount my trading stops. So this help me to take the profit rather than loss in the long run.