Trailing Stop-loss are good for those who can’t monitor the Position Live or continuously.
If you are Trading Live and Monitoring the Position it’s better not to use BO Trailing Stop-loss (Use BO but not the Trailing feature) because you can manually update the Stop-loss When Stock come Near your Stop-loss and you know Stock will go Up again Once it will gain the momentum.
Trailing Stop-loss are very helpful when There is a free fall or Stock is Maintaing single Direction of movement.
But This Trailing Stop-loss Can save your Profit from Sudden Drop in stock.
This Trailing Stop-loss Can give good profit also when A sudden Jump comes in stock also.