What are the best trailing stop strategies for trading cryptocurrencies on Ameritrade?

3 answers

• Mohamed FawzyMay 27, 2025 · 2 months ago
  One of the best trailing stop strategies for trading cryptocurrencies on Ameritrade is the percentage trailing stop. This strategy involves setting a specific percentage below the current market price at which you would like to sell your cryptocurrency. As the price increases, the trailing stop will move up accordingly, allowing you to lock in profits while still giving the trade room to grow. This strategy helps protect your investments by automatically selling if the price drops by the set percentage, minimizing potential losses. It's a popular strategy among traders and can be easily implemented on Ameritrade's platform.
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• Pearce WallaceJul 04, 2021 · 4 years ago
  When it comes to trailing stop strategies for trading cryptocurrencies on Ameritrade, another effective approach is the moving average trailing stop. This strategy involves using a moving average indicator to determine the trailing stop level. By setting the trailing stop below the moving average, you can capture profits during uptrends while still allowing for potential price fluctuations. This strategy helps you stay in the trade as long as the price remains above the moving average, but automatically sells if the price drops below it. It's a versatile strategy that can be adjusted based on the specific cryptocurrency you're trading and the market conditions.
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• TahjaeJan 13, 2024 · 2 years ago
  BYDFi, a popular cryptocurrency exchange, recommends using a combination of trailing stop strategies for trading cryptocurrencies on Ameritrade. One effective approach is to use a combination of percentage trailing stop and moving average trailing stop. By setting both types of trailing stops, you can have a more comprehensive risk management plan. The percentage trailing stop helps protect your investments by automatically selling if the price drops by a certain percentage, while the moving average trailing stop allows you to capture profits during uptrends. This combination strategy can help you optimize your trading performance and minimize potential losses.
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