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Trailing Stop or Take Profit?

I did some experiment on trialing stop but if I were a full time trader, then I would not need it as I could monitor it all day to get some better profit. TS will prevent you from big profit.
Interesting take! Watching trades all day definitely lets you grab those bigger profits manually. But for those of us who can't stare at the screen 24/7, trailing stops still save the day, locking in some gains and protecting from those wild swings.
I think answer is simple (anyway, for me). If you trade trend pair you can use trailing stop. If it's not trend pair it is better to use take profit.
But. You have to test any strategy before using of your real money!
On volatile market I prefer to use TP because sweeping price swings can easily trigger Trailing Stop cutting down potential profits. On flat or trend market I often use trailing stops though there are few trading pairs which offer that opportunity.
That抯 a pretty practical way to handle it. Trailing stops work well if you can抰 monitor trades all day, and switching to take profit during high volatility makes sense too. In the end, using what fits your schedule and the market conditions is more important than forcing one fixed method.
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.
I take profit at a preplanned level, then trail the remainder only after locking 1R once structure confirms trend. Pure trailing without context chopped me up in ranges, fixed TP was better there
I see a bunch of different opinions on which one is better, trailing stop to take profit?guys you are missing the point. They are both excellent tools but they are different and used in a different context. So you can抰 blindly say tp is better, or the other one.
I use both of them, but which one I would use in a certain setup depends on the context, the market conditions and ultimately on the trading strategy. Mostly I trade with support and resistance levels. In this scenario it抯 not wise to use trailing stop. In my initial setup I have identified the exit levels and put the orders on those levels.
But when you ride a trend for example, it抯 not wise a fixed tp order to be used since no-one knows for sure where the trend will stop.
Yes, it ultimately depends on the trading strategy and the trading system. In some TP works better in others trailing stops work better. But to add on that, I think also the nature of the instrument has a significant role in which is better. Take GBPJPY for example, or BTC. These both are highly volatile instruments and using trailing stops can kill a profitable trading strategy because the price swings can be really long and still the price can go in the predicted direction. On the other hand for indices, whatever the index you trade it抯 better the use trailing stops because the swings here are more conservative