trailing stop

[Goldlover]

In what types of trading scenarios would trailing stops be most beneficial, and when might they be less suitable?

 

[maxinger]

I use it when the price is moving very rapidly and massively.

Price retracement is going to be rapid and massive too.

 

[DevBru]

In what types of trading scenarios would trailing stops be most beneficial, and when might they be less suitable?

Beneficial in a strong trending market, not beneficial in a ranging market.

 

[Sekiyo]

https://www.elitetrader.com/et/threads/how-does-one-effectively-trail-stops.373667/
https://www.elitetrader.com/et/threads/trailing-stop-initial-stop-on-futures.14179/
https://www.elitetrader.com/et/threads/exits-targets-vs-trailing-stops.9699/

 

[Goldlover]

I use it when the price is moving very rapidly and massively.

It would be most advantageous in this particular situation.

 

[SunTrader]

In what types of trading scenarios would trailing stops be most beneficial, and when might they be less suitable?

In every case.

 

[TrAndy2022]

In what types of trading scenarios would trailing stops be most beneficial, and when might they be less suitable?

If you or anyone here knew that he would be billionaire (soon).

 

[TrAndy2022]

"Ask" Qullamaggie as proven master of trailing stops. He knows (or demonstrated) this secret (skill) if you can replicate that.

Maybe you can learn from him. There are many videos around here. Just one example below.

 

[murray t turtle]

%%
Trail stops?? Good to excellent in most all cases
[2] SINCE cant predict markets, even with a very good trend;
take some profits sometimes. And never confuse 1st line with last line.
TOO much leverage could easy goof up both winning plans.
I'm not a market maker , dont think they ever trail stops @ making markets anyway?LOL

 

[Bad_Badness]

Depends on the instrument, volume, and overall type of move. SL can also be Stop Gain. It works best when the gain probability is less than the loss probability, independent of the actual trade PL.

Personally the single "hit a price" exit method is not preferred for me. Rather the SL point is just a data point, not an "submit" exit order point. I prefer to let the "SL point" be hit, and then start the process of exiting based on market action, and PL. When those are satisfied, I will market out of the trade.