Which is better stop limit or trailing stop?

[Digital Rahul]

The trailing stop is preferred over the stop limit because there's protection against very fast swings.

 

[Haruto]

I don’t need to use this tool on my trading strategy since I only need the Stop Loss & Take Profit tool in my trading system! But only when I get a super trendy market situation only then I use, trailing stop!

 

[Marco877]

You should use both of them at times depending on the market condition. The market doesn’t offer same condition all the time. But use stop loss all the time with your trades.

 

[AlexOZ]

Another alternative to trailing stops to consider is scaling out.

 

[wagtrader]

The trailing stop is preferred over the stop limit because there's protection against very fast swings.

Personally, I dig the classic stop loss, dude. It's simple and straightforward. I set a specific price where I'm willing to bail out if things go south