I didn't fare well with trailing stops when I fancied myself to be a trader in the late 90's. Tight stops knocked me out too soon, and loose stops guaranteed that I gave away 5 to 10% of my gains. In hindsight, I would have spent my time learning how to evaluate fundamentals more intelligently so that I could buy and hold drips that were well chosen. Trailing stops would be nothing more than a rarely used tool to hedge my bets from time to time. If you haven't the time, energy or aptitude to learn the fundamentals, create a watchlist from dividend achievers and/or sdy, vig, schd or something.
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