How to Profit from a Trailing Stop Loss on Binance

(Don’t have much time? Skip to: How to set a Trailing Stop Loss on Binance)

A Trailing Stop Loss (TSL) is placed just like an ordinary Stop Loss when entering a position; the difference here is that unlike a typical Stop Loss which is static, a TSL will follow the price as it moves up and wait if the price moves down.

Original source
https://hackernoon.com/how-to-profit-from-a-trailing-stop-loss-on-binance-c74b255d87d?source=rss----3a8144eabfe3---4

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