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Answer for This is actually three questions. What is a trailing stop? What is the purpose of a trailing stop? How do you know when it is a good trade to do a trailing stop?

A trailing stop is a working position that follows behind your order as is becomes profitable. With your coach and in your advanced courses you will receive extensive info on the questions above. A trailing stop is meant to protect profit that has already been made in a trade by letting the stop move along with the original position. Trailing stops are best in trending markets with good volume and liquidity.