A trailing stop is used to secure profits, and combining it with a breakeven point reduces losses. You won't be able to cover 100% of your losses, but you can cover about 90%. So, if you manage your small losses well and secure your profits, you'll grow quickly and make a lot of money. Furthermore, you move the trailing stop as the price moves, so you should activate it in a space where the price can move upwards. I don't recommend placing it right next to the price unless it has already passed the first take-profit level (TP1) and you want to secure that TP1 while still being able to take profits towards the second TP2. I generally trade with three TPs.