Mastering Trail Stop Loss in TradingView: A Guide for Discerning Traders A trail stop loss is a type of order that adjusts itself automatically based on market conditions.
Its primary function is to lock in profits or limit losses by moving the stop loss price along with the asset's price movements. This strategy allows traders to adjust their risk exposure as prices fluctuate.
Imagine you've entered a long position on an asset, and its price has risen significantly.