## Trailing Stop is a tool that works for you while you sleep
If you're a busy trader and can't live in charts, then a trailing stop is your savior. Essentially, a trailing stop is an automatic assistant that monitors the price and closes the position at the right moment. No need to manually move stop-losses every time the price rises.
## How does it work
The concept is simple: a trailing stop is an advanced version of a regular stop order that moves along with the price. Imagine: you bought a coin at $100. If the price drops by a certain percentage or amount, the order will trigger automatica
View OriginalIf you're a busy trader and can't live in charts, then a trailing stop is your savior. Essentially, a trailing stop is an automatic assistant that monitors the price and closes the position at the right moment. No need to manually move stop-losses every time the price rises.
## How does it work
The concept is simple: a trailing stop is an advanced version of a regular stop order that moves along with the price. Imagine: you bought a coin at $100. If the price drops by a certain percentage or amount, the order will trigger automatica