Setting a stop loss is a behavioral strategy, which refers to the stop loss point set to avoid the risk of loss of account funds.

Trailing stop: trailing stop means that the price movement direction of the trend is consistent with your opening direction.

For example, if you are short: Then, in the process of falling trend prices, you will move your stop loss down every time you reach a critical pressure level, trailing stop. In this way, trailing stop can protect the existing profits from the impact of price rebound and callback.

It should be noted: Because trailing stop moves the stop loss point reasonably according to the opening direction to ensure the existing profit. In actual trading, if the stop-loss point tracking setting is too tight, it may be frequently stopped by market price fluctuations.

I hope I can help you. I hope the landlord will adopt it. Thank you.

Image from Zhihu @ Josilag