Can I set a trailing stop on Coinbase?
I'm wondering if it's possible to set a trailing stop order on Coinbase. I want to protect my investments and limit potential losses, so I'm looking for a way to automatically sell my crypto if the price drops below a certain point.
Is Trailing Stop a good strategy?
I'm considering using the Trailing Stop strategy in my trading, but I'm not sure if it's a good approach. I want to understand if this strategy has been proven effective and if it can help me manage risks and maximize profits.
Which crypto exchanges support trailing stop market orders?
I'm curious to know which cryptocurrency exchanges currently support trailing stop market orders. This feature allows traders to set a trailing stop loss that automatically adjusts its stop price as the market price moves, potentially protecting against significant losses while still allowing for profit potential. Understanding which exchanges offer this advanced trading functionality could be crucial for those seeking to optimize their trading strategies. Could you provide a brief overview of the exchanges that currently support trailing stop market orders, along with any relevant details or considerations traders should keep in mind?