178: Nick Radge – The Blueprint: Create a Simple Trend Following System
Chat With Traders
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Is There a Dynamic Trailing Stop Loss?
The trailing stop is or could be dynamic so let me explain assume we use a generic 20% trailing stop loss right one would assume when the market does turn and head lower that all those stop losses are going to be triggered. Rather than using a 20% stop loss on our current positions we ratchet that up to 10%. We're leaving the door open in case we're just seeing a period of consolidation or a small pullback rather than a full on bear market.
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