how to place trailing stops

[drew4784]

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

 

[GGSAE]

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.

 

[nazzdack]

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.