You bought a risky asset and are afraid of losing money, then this article is for you
A trailing stop is a tool that helps you automatically lock in profits as the price of an asset rises, without locking it in at a specific level, but following the price movement. Here's how it works
1. Setting a trailing stop: You set a percentage or a fixed amount of deviation that the price can fall after an increase. This value is called a “trailing offset”.
1. Setting a trailing stop: You set a percentage or a fixed amount of deviation that the price can fall after an increase. This value is called a “trailing offset”.
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