[00:02] rising, and you think, "Okay, I'll sell now and make a profit," but after you sell, it continues to rise, and you keep looking at the chart and saying, "I wish I had waited a little longer." Or the opposite happens: you wait for the currency to continue rising and think, "It
[00:16] still has a long way to go," and suddenly it plummets like a rocket, and then you say, "I wish I had exited earlier." That's why you need to know about a very powerful trading tool called Trailing Stop. This tool makes the platform work for you, saving your
[00:30] profits if the market is rising and protecting you from losses if the market is moving against you, all while you're unaware. It all happens automatically without any intervention from you, even while you're asleep. All you have to do is adjust the settings. So, what exactly is Trailing Stop?
[00:45] Simply put, Trailing Stop is a very smart type of trading strategy.  With trailing stop orders, it works like you have a stop-loss order, but this limit isn't fixed; it moves with the market. Instead of saying, for example, "I'll sell when the price reaches $100," you're saying, "
[01:01] I'll let the platform follow the market price and protect my profit step by step." What does this mean? It means that whenever the price reaches a stop-loss or limit order, it moves with you by a percentage you or limit order, it moves with you by a percentage you set—3%, 5%, or 10%. But as
[01:15] soon as the market reverses and drops by that same percentage, the order is activated immediately, and your coins are sold. The result is that if the market continues to rise, you hold onto your profits, and your earnings increase. But if the market reverses and drops suddenly, the platform closes the trade automatically without any intervention from you. Literally,
[01:31] trailing stop orders are a safety net for you, moving with you as you profit and protecting you while you're not even looking at the market. Now, look at this example to understand the concept.  It's as clear as day to you. Imagine you bought a currency at $100 and the market started moving and the price
[01:45] went up little by little and reached $105 and then $110 and suddenly hit $120 and at this moment you haven't sold yet but you have put the trailing stop or the sequential stop at a rate of 5%. What does that mean?
[01:57] This means the platform places a delayed sell order for you, 5% behind the price. As the price rises, the sell order moves upwards with it until the price stabilizes at, say, $120. At that point, your sell order would be
[02:09] say, $120. At that point, your sell order would be at $114, 5% below the highest price the currency reached. Now, if the currency continues to rise, the sell order will keep moving upwards. If it reaches, say, $130, the
[02:22] sell order would be at $123.5, and so on. However, as soon as the price reverses and falls below the limit the price reverses and falls below the limit you set—for example, dropping from $120 to $114— the platform automatically executes the sale and closes the trade, and you profit. So what does this mean? In short,
[02:36] you've given the market free rein and let the currency move freely, but you've secured a smart safety net at the end of that net to protect you from any sudden drops. This not only preserves your profit but also allows you to take advantage of the best market conditions without losing your money. So, don't sell early or get stressed. Okay, when should you
[02:51] use trailing stop or trailing stop? Trailing stop is not just a professional tool, it literally works for you when you're not there. Here are some situations where you really need to think about using this tool. First, when the currency starts to rise and you don't want to
[03:06] sell early. You know, my dear millionaire, when the currency starts to move upwards, but you're hesitant to sell now and secure a profit, or wait for it to rise further. This is where trailing stop comes in. You activate it and let it rise as it wants, but you put a safety net underneath it. As soon as
[03:21] the price reverses and drops by a certain percentage, the order closes automatically and you're in the profit.  Secondly, when you are asleep, traveling, or not in front of the screen, we all know that the market moves 24 hours a day, and you are a human being, not a robot.  So who here will protect your profits while you're sleeping, at work, or traveling?   So here, the
[03:36] continuous suspension is the guard who stays up in your place.  Whenever the market goes up, it moves behind you, and whenever the market goes down, it stops you in the right place.  The third thing is when you are making profits in stages and you want to protect the rest of the currencies you have.  There are many times when you've
[03:49] sold part of your holdings and still have some left, but you don't want to lose it if the market reverses and turns against you. Trailing stops help you in this situation, allowing you to sell what's left at the first sign of a downward trend, ensuring you exit with the best possible outcome. So, where can you find trailing stops, and
[04:04] how do you use them step by step? The first thing you need to do is open the Binance app and log in to your account. If you don't have an account, you can register and download the app from the link below in the video description. If you want to understand the market and trade strategically, not just by luck, the comprehensive technical analysis book
[04:19] for trading will give you the fundamentals and practical steps any successful trader needs. You'll also find the book link below in the video description. After logging in, from the homepage, click on Bitcoin, which I always explain. After
[04:34] clicking on it, the currency data page will appear. Click on "Sell" to go directly to the Bitcoin trading page. Click on "Sell" to go directly to the Bitcoin trading page.
[04:46] can use to buy and sell Bitcoin, including the trailing stop, which we'll explain now. Most of the orders here have been explained in previous videos, which you can watch after you finish this one.
[05:02] Make sure you subscribe to the channel and like the video so it reaches as many people as possible and everyone can benefit. Once you select trailing stop, this interface will appear with four fields that need to be configured to activate the
[05:18] trailing stop order. Here, I'll give you a practical example with numbers so you can see how to practical example with numbers so you can see how to prepare and activate a trailing stop order step by step. We'll also explain everything you see, from the trailing difference to the
[05:33] activation price. For example, let's say you have 1 BTC and the current Bitcoin price is...  You have $115,000 and you don't want to sell right now because you feel the price might continue to
[05:46] rise, but at the same time you're afraid the market will suddenly reverse and you'll lose all your profits. In this case, you'll use a trailing stop and set it up exactly like this: you'll set the trailing difference here to 1 or 2%. The
[06:02] trailing difference is the percentage that determines the distance between the highest price Bitcoin has reached and the sell order's execution price. For example, if you set it to 2%, the sell order will always remain
[06:14] if you set it to 2%, the sell order will always remain 2% below the highest price Bitcoin reaches. You can, of course, set a different percentage here besides 2%, such as 5, 6, or 10%, depending on what you prefer. The important thing is that if the price of Bitcoin rises and reaches, say, $1,200,000, the sell order will
[06:31] automatically move and stop at $117,600, which is 2% below the highest price.  For Bitcoin, if the price of Bitcoin rises above $120,000, let's say it
[06:43] reaches $1,300,000, the sell order will automatically move higher and stop at automatically move higher and stop at $127,400, which is 2% lower than the highest price
[06:55] Bitcoin has reached in the market, which we just mentioned was $1,300,000. However, if the price of $1,300,000. However, if the price of Bitcoin drops rapidly after reaching $13,000, it will encounter the sell order placed at
[07:10] $127,400, and the transaction will be executed, selling your Bitcoin automatically without any intervention from you. After that, if the price of Bitcoin continues to fall, it won't matter to you because it's already done. fall, it won't matter to you because it's already done. All of this happens automatically
[07:25] after you activate the order. Then, you'll find the limit price here, which is the minimum price below which you don't want to sell under any circumstances. The price you enter here is the price you specify.  The platform advises against selling Bitcoin below this price, especially
[07:42] if the price drops rapidly. However, if you want the market to operate at its own pace and you want to sell at the nearest point after the breakout, leave this box blank and just click on "Market Here." The activation price is optional, but crucial. If you click the box here and enter the
[07:58] activation price, it must be higher than the current market price. The platform won't activate the trailing stop order until the Bitcoin price reaches the price you entered. If you leave it blank, the trailing stop order will be activated at the current
[08:14] Bitcoin price. In this box, enter the amount of Bitcoin you intend to sell, which is 1 BTC in our example. May God grant us and you success. Then click "Sell," and the trailing stop order will be activated. Don't forget to subscribe to the channel and activate the
[08:29] subscribe to the channel and activate the bell icon. That's all for now. Peace.