No its not,i use fixed stop -losses,as i find they are more stable in a rising volatile market....Trailing stop-losses might shoot up ,then in with in minutes fall to the original price at which u are taken out,then leave u scrambling to get back in....I set mine after 9pm each evening at a 20% discount to the price (after SBK has set the prices of warrants correct)...Discipline is necessary as i never lower a stoploss, only up it as the price moves up....If a share looks like its going to be taken out by a falling warrant,the urge to give it another chance becomes strong to lower the stop! Don't as it wil usually falls much further down.! ....Try to sell when u think there is no more upside.