🚨‼️🚨‼️When and how to sell in bull run?🚀🚀🚀
⚠️⚠️with this technique optimize and maximize your gains⚠️⚠️
🚀 USE TRAILING STOP SPOT ORDER 🚀
What is a Trailing Stop Spot order?
A Trailing stop order is very similar to a Stop Limit order, except that the trigger price of a Trailing stop order will follow your position when the market moves in your favor and close the position if the market moves against you. With a Trailing Stop Spot order, you can place a predefined order at a specific percentage of the market price.
When the price moves favorably, a Trailing Stop order helps lock in gains by allowing a trade to remain open and continue to generate gains as long as the price moves in a favorable direction. The Trailing stop only moves in one direction. When the price moves in the opposite direction by a value greater than the defined percentage, the Trailing stop order will execute at the market price. When a trade is not moving in a favorable direction, a Trailing Stop order can help you minimize losses and protect your gains.
For a long trade, the sale price is supposed to be higher than the last price. When the price rises, the trailing price rises along with the last price and maintains a certain percentage interval. However, the tracking price will stop tracking the market price if the market price falls. A Sell Limit order will be placed if the price moves more than the predetermined trailing delta from its highest price and reaches the trailing price.
A “buy” Trailing stop order is the opposite of a “sell” Trailing stop order.
For a short trade, the purchase price must be lower than the last price. When the price falls, the trailing price falls along with the last price and maintains a certain percentage interval. However, the tracking price will stop tracking the market price if the market price increases. A Buy Limit order will be issued if the price moves more than the predetermined tracking delta from its lowest price and reaches the tracking price.