A trailing stop loss is very similar to a stop loss, but where the one kept your losses small, the trailing stop loss will enable your profit growth. A trailing stop loss is calculated in a manner like the way we calculated our initial stop loss. The only difference being that while we calculated our stop loss from the entry price, we`re calculating our trailing stop loss from the highest price since entry.
READ MORE –> The key to the trailing stop loss is that you need to continually make adjustments to make sure that the stop is moved in your favor.
