In the journey to being a successful trader, one of the most important pieces of advice you’ll receive is “to start placing stop losses”, but do you wonder why you are not getting the desired profits after placing a stop-loss, even in a trending market? It’s because you are using a stop loss like the majority of traders and are not using a stop loss as a part of dynamic trade management. So how can you use stop-loss smartly? Your initial stop loss must evolve into a dynamic trailing stop-loss as your trade turns profitable. What is a trailing stop loss? A trailing stop is a type of stop-loss order, where, as we start ... (full story)