What are the advantages and disadvantages of using a high trailing stop percentage in the digital currency market?

1 answers

• May 02, 2022 · 3 years ago
  At BYDFi, we believe that using a high trailing stop percentage in the digital currency market can be a valuable tool for traders. It allows them to capture larger gains and protect their profits. However, it's important to note that this strategy should be used in conjunction with other risk management techniques. Traders should also consider the specific characteristics of the digital currency they are trading, as well as the overall market conditions. It's always wise to diversify your trading strategies and not rely solely on a high trailing stop percentage. Remember, the digital currency market is highly volatile, and it's crucial to stay informed and adapt your strategies accordingly.
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