As a result, traders who exit a trade on emotion typically take much smaller profits than they would like, while traders who exit a trade based on logic and discipline typically are very happy with the profits they take. The best course of action is almost always to set and forget your trades and either take the loss from the risk that you accepted prior to taking the trade, or take a nice profit if the trade moves in your favor. There is no way ‘perfect’ way to trail your stop loss, eventually your stop loss will get hit no matter how you decide to trail it, the point of trailing your stop is to give the market room to breathe while at the same time locking in profit as the market moves in your favor.