Do you know what trailing stop loss is?

Trailing stop loss is a very popular method of hedging profits, which allows traders to dynamically adjust the stop loss point to a break-even point or higher profit position when the market trend is in favor of it, thereby avoiding premature closing of positions. The charm of trailing stop loss is that even if the market fails to meet the trader's expected profit target, it can ensure that the trader will not suffer losses due to market reversals.

Traders can manually adjust the stop loss point, or they can directly set up trailing stop loss orders on the trading platform. Once the market price reaches the predetermined threshold, the stop loss point will automatically follow the price in a favorable direction, ensuring that traders have the opportunity to make further profits while maintaining profit.

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