Advanced stock trading strategies – The trailing stop

Most traders would probably agree with the proposition that the hardest thing to get right in trading is the placement of stop losses and take profit levels. A great deal of trading education and material that is shared with learning traders focuses on finding the right places to enter trades. Let’s be clear that entry is very important, but good trade management – i.e. using the right stop losses and take profit levels and changing these levels appropriately as the trade progresses – is equally important.

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