Trailing Stop Loss Percentage haven't worked for me. How do you actually manage RISK?

Over the past few years, I’ve used **trailing stop loss** on **individual stocks** many times **as wide as 21%**. However, every time the stock hits that level and then bounces back within a month or two. I’m now questioning whether I should really consider Trailing Stop Loss strategy.

**How do you manage risk** on your individual stocks? How do you balance “**protect against real drawdowns** “ vs “**don’t want to get sold out of a name that I want to hold long term**”