Trailing Stops
*Ebook (PDF)
Trailing Stops is designed to help satisfy part of Critical Element number four of the ‘Plan for a Trade’, trade management. Trailing Stops is an intensive look at techniques for attempting to maximize profits on trend trades that are moving in the trader’s favor. By trailing a stop on all or part of a trade, the trader can allow the market to run, hence letting the market action, itself, decide when the move is over. This technique is very dynamic, adjusting to the price action in the trading vehicle, as opposed to many of the ‘static’ techniques so commonly used. There are nine distinct techniques with multiple variations presented, again with the emphasis on encouraging traders to experiment and decide on what may be of use to them, and their particular ‘Trading Plan’. The last chapter combines various techniques and discusses scaled exit strategies.
Book Level: Intermediate to advanced
276 pages (including front matter), 200 charts
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