What is a trailing stop loss and how it helps traders curb losses?
Updated: 24 Jun 2022, 11:11 AM IST
TL;DR.A form of trading order called a trailing stop loss enables you to specify the maximum amount or percentage of loss you are willing to risk. When the market is moving in your favour, the stop price moves along with it; when the market is going against you, it remains fixed. Continue reading to learn more.
You can establish a maximum amount or percentage loss you are willing to take on a transaction using a form of day trading order called a trailing stop loss.