The video discusses using a trailing stop on Bybit, a dynamic stop-loss order that automatically adjusts as the market moves favorably. It contrasts it with a regular stop-loss, which remains fixed. The speaker opens a long BTCUSDT position and demonstrates how to set a trailing stop order, choosing a price distance of 1000 USDT. The video then refers to 108k as a trigger point for the trailing stop and then shows how a trailing stop could be adjusted after placing the order. The speaker close the trailing stop by canceling the order.