DislikedHello Fartist, I have been reading all your posts. Awesome. Is it wise to apply trailing stop with trend trading..instead of TP. I read a book, "Trend Following by Michael Covel" . it advises to let the trade run but am worried, i might leave it and it reversesIgnored
I would say one of toughest thing to do in trading is letting your profits run.
You have to accept the fact that you will never be able to catch tops and bottoms. You're simply in for the meat of the move.
You will give back profits and you will catch massive trends. But the only way to catch massive trends is to be willing to give your trade room to run, thus possibly giving back profits.
It's the only way you can truly ride a trend.
Whether you can or you can't, you are both right.