Glossary
Trailing stop
Also written or said as: trailing stop loss, trailing, tsl, trailing stop-loss
A stop-loss that moves up as the price rises, so it locks in more profit the higher a coin goes.
Say you set a 25% trailing stop and buy at a $100,000 market cap. If the coin climbs to $400,000, your stop now sits at $300,000, and if it then drops 25% from that high, you sell. It lets you ride a runner without guessing the top, at the cost of giving back part of the move.
Learn it properly inStop-losses and trailing stopsThe trading playbook · 4 min readRelated words
This guide is for learning. It is not financial advice. Most memecoins go to zero and most people who trade them lose money. Only ever trade what you can afford to lose.