Whether you're looking for an easier way to manage multiple positions or simply trying to hit that big home run, Trailing Stops are vital for any Day Trading Strategy!

Learn the advantages and disadvantages along with key execution techniques when utilizing Trailing Stop Orders in your Trading!
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In this video the TraderTV.Live crew will explain the ins and outs of Trailing Stop Orders in Day Trading.
We Breakdown all the key aspects of a Trailing Stop Order including:

➤The best time to use one
➤How to properly set a Trailing Stop
➤The difference between a cent based Trailing Stop and a percent based Trailing Stop.

Outline:
0:20 Introduction
1:03 Definition and Why you should only ever use a Trailing Stop on winning positions.
2:48 Shawn uses SNAP to show how a Trailing Stop can land BIG trades!
5:45 Multiple options when it comes to the method you choose to set a Trailing Stop.
8:57 When to initiate a Trailing Stop?
10:45 Shawn uses CGC to show proper initiation of a Trailing Stop.
13:08 Summary of topic.

Trading Software: https://daytradetheworld.com/trading...

Useful Reading

The Importance of Stop Loss Orders → https://www.daytradetheworld.com/trad...

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