<ul data-eligibleForWebStory="false"><li>A trailing stop is a dynamic exit tool that automatically adjusts the stop-loss level as the market price rises, helping traders lock in gains without constant monitoring.</li><li>Trailing stops follow the price at a specified distance, moving upward for long positions; if the asset price reverses by that distance, the position is sold.</li><li>Benefits of using trailing stops include automatic profit locking, emotionless capital protection, staying in winning trades longer, and removing fear and greed from trading decisions.</li><li>Trailing stops are particularly useful in volatile markets like crypto, allowing traders to ride the wave without worrying about significant price fluctuations.</li></ul>

Exit Strategies for Traders

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