Of course it depends on the level of expected volatility. You can't use fixed trailing stop loss for every case that would put you at disadvantage. Another issue is to model or build correct expectations regarding volatility.
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DislikedHmm depends on your risk tolerance and the method you are using. You can check this article to get insights on some of the trailing stop strategies you can use: https://insights.primecodex.com/trai...op-strategies/Ignored