I am beginning to set Trailing Stop Loss Orders (TSLOs) on current holdings in the LRPC and BHS portfolios.  The value I am using can be found in Column J of either Position Sizing worksheet.  With the default settings, the TSLO turns out to be 1/2 the annualized volatility.  I am rounding to the nearest percentage point.

If the Stop Loss is 5.9%, I use 6%.  If the Stop Loss is 1.3%, I use 1% or 2%.

Lowell