Quote:
Originally Posted by kawola17
Hello David,
Do you ever use trailing stops instead? I believe that it's good to take profits, but I also think that if it keeps moving in your favor, why not let it ride as long as you have a trailing stop to protect your profits.
What do you think? What are your thoughts/methods on using trailing stops?
Thanks again in advance.
Sincerely,
Bill
|
Hi Bill,
Yes trailing stops are commonly used to lock in profits and let the position continue to run, especially by trend traders. I have a video outlining my thoughts on this which you can find here:
Trailing Stops
Let me know if there are any other questions
Best Regards,
Dave