Hi guys; this seems kind of dumb to most of you expierenced traders, but what is a trailing stop? In what situations should it be used? I have been trading actively for a few months, and been slumping lately. I wondering if a trailing stop help in the situations when a stop loss can't. I'm not worried about the slump because I have been told by many traders that from time to time you will inevitably lose money. But I just want to know as much as possible.