Trailing stop

A stop that moves in your favour as price moves, locking in profit as the trade runs.

Simplest: trail N pips behind current price. Better: trail behind each new structure break in the trade's direction. Trailing too tight clips out of winners; too loose defeats the purpose. We trail structure, not pips.

Learn to actually use Trailing stop.

Definitions are the easy part. The free first five modules put this on a real chart and make you do the work. No card required.