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how to place trailing stops

  1. does anyone know how to properly place a trailing stop in a trending market? sometimes i move my stop up too early and i can't catch the move
  2. Trailing stops are the most difficult part of trading, only experience will tell you where to get out. You'll need to incoporate your timeframe to get a better perspective on your stops.
  3. In a "well-defined" uptrending market, wait for the market to close lower two days in a row, maybe three days. Initiate a long-position on-the-open the next day. Place your sell-stop at yesterday's low. Ideally, the uptrend should hopefully resume and make you rich. Do the opposite in a downtrend. Play around with that and see how it might have worked in other markets.