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September 18, 2024 at 0:10
#310298
Konstantinos Borsis
Participant
I agree with Alan 100%. I have been a trailing stop advocate for very long time until recently. And yes it is far better to allow the trade play out completely. Yes some of the trades will be lost but overall you would be more profitable. What you can do in case you get nervous, is set up an alert on a specific profit level and if hit check manually to decide if you want to close the position there or keep an eye and close it later. Personally if the price is above 80% I would close the trade manually and live to fight another day. 😊