As our trade going good it is the time to trail our SL
Trailing stops only move if the price moves favorably. Once it moves to lock in a profit or reduce a loss, it does not move back in the other direction. ... One of the most important considerations for a trailing stop order is whether it will be a percentage or fixed-dollar amount and by how much it will trail the price.
A trailing stop is an order type designed to lock in profits or limit losses as a trade moves favorably.
Trailing stops only move if the price moves favorably. Once it moves to lock in a profit or reduce a loss, it does not move back in the other direction.
A trailing stop is a stop order and has the additional option of being a limit order or a market order.
One of the most important considerations for a trailing stop order is whether it will be a percentage or fixed-dollar amount and by how much it will trail the price.