Hi all.
Apologies if this subject has already been covered.
I've recently started using trailing stops instead of fixed stops. My question is, how do you decide how much of a trailing stop limit to put in place. At the moment, I'm waiting until my position is in profit then place a trailing stop accordingly, usually 100pips. Is that a wise move?
Any help is appreciated
Apologies if this subject has already been covered.
I've recently started using trailing stops instead of fixed stops. My question is, how do you decide how much of a trailing stop limit to put in place. At the moment, I'm waiting until my position is in profit then place a trailing stop accordingly, usually 100pips. Is that a wise move?
Any help is appreciated
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