How does one effectively "trail stops"?

[murray t turtle]

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ANYthing can slop=chopTrend;
that's why never trade or invest with money you cant afford to lose.
I'm looking @ a QQQ now, daily + monthly chars are uptrending with PSAR dots + such going up.
And there is a good reason why funds measure on daily + monthly ;
5 minute chart can be noise, even more so with slippage\
+ bid\askLOL
Yes, product matters a lot; DAL,enron single stocks went bankrupt ,oil + nat gas have gone negative.

 

[murray t turtle]

it's important to monitor price movements and anticipate potential reversals. People use various strategies depending on the product they are trading. Some markets.......................................................................... can exhibit strong trends, like US indices,;
+may experience more choppy movements. Understanding the specific market dynamics and learning its patterns is crucial for effectively trailing a position. By gaining experience and studying the market, one can develop intuition and knowledge to make informed decisions about trailing stops.

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Good points.........................................................................................

 

[zdreg]

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Good points.........................................................................................

Your response is interesting because it takes the polar opposite viewpoint from mine. I thought his points were nonsensical and not useful for trading.

 

[murray t turtle]

Your response is interesting because it takes the polar opposite viewpoint from mine. I thought his points were nonsensical and not useful for trading.

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LOLI had to edit his a lot......................................................................................;
for it to make any kind of sense. He posted 1st time choppy indexes;
most likely confused with RSI chop

 

[alistera]

There is no effective way to trail stops, we tried every combination of everything the past decade, the markets have perfected everything that you net profits to zero until a long-tail event or capital destruction event comes along, but please feel free to try, read the Turtles about how 80% of profits evaporate.

 

[murray t turtle]

T.......... way to trail stops, we tried every combination of everything the past decade, the markets have perfected everything that you net profits to zero until a long-tail event or capital destruction event comes along, but please feel free to try, read the Turtles about how 80% of profits evaporate.

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LOL;
so little difference in Turtle channel + Don channel.
Speak for yourself , not me ;
nor would i be this blunt with your wifeThanks

 

[Monobrowtrading]

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LOL;
so little difference in Turtle channel + Don channel.
Speak for yourself , not me ;
nor would i be this blunt with your wifeThanks

Turn your bot off, you glue sniffing twat.

 

[murray t turtle]

You can trail a stop based on different methods.
First you need a trend otherwise it’s useless.

You can trail PA based (Higher low, Lower High)
Or attach to a trendline, moving average …
Some use previous N bars high / low.
Volatility stops do also exist.

Buying into strength
Selling into weakness

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Good \
mainly find a good ttrend otherWISE it's useless

 

[alistera]

Turn your bot off, you glue sniffing twat.

Seriously, I was talking about Dennis Turtles, trailing stops don't work unless you are used to losing which almost all are, they they work perfectly

 

[deaddog]

Seriously, I was talking about Dennis Turtles, trailing stops don't work unless you are used to losing which almost all are, they they work perfectly

Didn't the turtles use trailing stops.