Comprehensive Institutional Breakdown
The moment the market reaches Take-Profit 1 (TP1) and partial profits are secured, the stop-loss order is immediately trailed to the exact entry price. This mathematically eliminates capital risk on the trade, converting the remaining position into a 'free roll' for macro runner targets.
Carl Brent Anthony Institutional Rule
The moment TP1 is secured, the stop-loss is trailed to the exact entry price, eliminating risk for the remaining position.
Institutional Scenario Example
Long entry at $100 with stop at $95. When price reaches TP1 at $112.50 (2.5R), stop loss moves from $95 to $100.00.
Cross-Market & Execution Note
Crucial in volatile crypto swings to prevent profitable runs from reversing into realized losses.