What Is a Trailing Stop-Loss? (And Why Every Trader Should Use It!)
Many traders enter a good position but lose profits because they don’t know when to exit. That’s where the Trailing Stop-Loss (TSL) comes in!
A TSL automatically adjusts your stop-loss as the price moves in your favor.
For example:
If you’re long on $XRP at $0.50 and set a TSL of 5%, your stop-loss will follow the price as it rises. If XRP goes to $0.60, your stop-loss moves to $0.57 — locking in profit without you doing anything!
This tool is super useful for riding trends while protecting gains.
Sadly, many ignore it. Don’t be that guy.
Start using TSL and trade smart, not hard! 💡📈