I'm trying to search scientific papers about stop loss pros and cons but I haven't had much success. Most of the papers I've found rely on sick assumptions and are really biased. The only one I've found that seems more comprehensive is this one where they state that using a trailing stop loss is highly superior than a simple buy and hold strategy (the best results are attained with a 15-20% threshold): [https://lup.lub.lu.se/luur/download?func=downloadFile&recordOId=1474565&fileOId=2435595](https://lup.lub.lu.se/luur/download?func=downloadFile&recordOId=1474565&fileOId=2435595). They do a couple strong assumptions tho (e.g. they only take into account closing prices and not intra-day variance).
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What is the reddit consensus about trailing stop losses? So far, the online evidence seems kinda mixed. Are there some well-known papers out there about this that you could recommend me?
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Thanks in advance.