178: Nick Radge – The Blueprint: Create a Simple Trend Following System
Chat With Traders
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Trailing Stop Loss
The optimal number is actually 18% but a trailing stop that's runs about 20% behind the position or the recent closing price will allow you to follow long-term trends. The markets just don't go straight up they zig they zag they congest sideways for a while and then they go again. If your trailing stop is too tight you're gonna get knocked out of those trends just by purely from the noise of the market.
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