The Wonder Trailing Stop Loss Order

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The one type of stop loss that traders may actually enjoy seeing triggered is the wonder trailing stop loss order, which are often used to protect and enable traders to capture larger price movements. Trailing stops are no surefire guarantee that we`ll be able to stay on board for a larger directional price move. But they do provide an element of flexibility that we should consider in adjusting our trade plan.  For example, if our position is in the money and holding beyond a significant technical break level, we may want to consider adjusting our stop loss to a trailing stop that has it`s starting point on the other side of technical level. If the break leads to a more sustained move, we`ll be able to capture more than otherwise might.

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