how can market psychology help me with trailing stops 
during momentary price dips it s crucial to resist the impulse to reset your trailing stop or else your effective stop loss may end up lower than expected by the same token reining in a trailing stop loss is advisable when you see momentum peaking in the charts especially when the stock is hitting a new high the bottom linedeciding how to determine the exit points of your positions depends on how conservative you are as a trader if you tend to be aggressive you may determine your profitability levels and acceptable losses by means of a less precise approach like the setting of trailing stops according to fundamental criteria shrewd traders always maintain the option of closing out a position at any time by submitting a sell order at the market 