Set Your Trailing Stop Order Below Support

by David Jenyns on January 27, 2006

Set Your Trailing Stop Order Below Support
The one fairly specific rule in a trailing stop order – the science part – is that you should not set them either right on the positions support level or just above support. Instead, unless the support level is so low that setting the trailing stop order there would lose you too high a percentage of your capital, set your trailing stop order below support.

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