The Ultimate Crypto futures Trading Course for Beginners - How I apply a trailing stop loss on Bybit | what is a trailing stop loss? (Class 16)

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7 learners

What you'll learn

This course includes

6 hours of video
Certificate of completion
Access on mobile and TV

Summary

Keywords

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Full Transcript

In this class, we take a look at what is a trailing stop loss and how to apply it to a trade The exchange I'm using is Bybit, get up to $4000 when signing up. Plus a share of $3000, reduced trading fees to the first 1000 who sign up using this link https://partner.bybit.com/b/vusidesigner A trailing stop loss is part of risk and money management, as it can help prevent winning trades from turning to losing trades or even blowing an account Once you have a trade going in your direction it’s very common to get carried away and think you will make millions on the market, because markets fluctuate up and down all the time. It’s easy for a winning trade to turn into a losing trade Applying a trailing stop loss can help prevent that from happening, when you apply a trailing stop loss you basically giving your trading software instructions to close the trade after it has reached a reversal of the Specified amount.