I'm a new trader to MEXC, and I'm struggling to understand how to set up and use the trailing stop orders for dynamic risk management. I have read through the guide, but I'm still a bit lost. Does anyone have any experience setting up and using these orders? Is there any advice or tips you can give me to help me get started?
I understand that the trailing stop order is designed to allow traders to manage their risk exposure by automatically adjusting their stop loss levels with the change in market price. But I'm not sure how to properly configure the order on MEXC, or how to adjust the settings to get the most out of it. What parameters do I need to adjust? What is the best way to use these orders to maximize my gains while minimizing my risk?
Any help would be greatly appreciated, and I'm open to any advice from experienced traders.
I understand that the trailing stop order is designed to allow traders to manage their risk exposure by automatically adjusting their stop loss levels with the change in market price. But I'm not sure how to properly configure the order on MEXC, or how to adjust the settings to get the most out of it. What parameters do I need to adjust? What is the best way to use these orders to maximize my gains while minimizing my risk?
Any help would be greatly appreciated, and I'm open to any advice from experienced traders.