How to Exit Trades with Trailing Stop Loss – Binance, Kucoin, and More

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In this video I share how you can exit crypto trades with a trailing stop loss using this tool:

This trailing stop loss exit works well for Binance, Kucoin, BtStamp, Bittrex, Youbit.

Why would you want to exit on a trailing stop loss and not use the take profit parameter?

Using this strategy you are giving your trade plenty of room to work. You’re looking to exit your trade on a retracement. Yes you’re not maximizing profit but you’re also in this trade for the long term. So with something like this you want to give it plenty of room to move, retrace, rise, etc. All that clear?

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I also created this Google doc.. The Ultimate Primer on trading BTC, ETH, and crypto ALT coins you can find:

I am not a licensed financial advisor in any way shape or form.

This video and everything I say about trading, cryptocurrencies, money, life or anything in general should not be taken as financial advice.

Everything I say or write is my opinion. Make sure you do your own research and base all your decisions on what you find yourself.
I’m simply stating opinions. I am not giving financial advice, trade advice, or any financial advice in any way whatsoever. Everything I write or state is an opinion.