A trailing point has a spine that curves upward so the tip finishes above the line of the handle. That gives the blade a long, sweeping belly and makes it the classic skinning and fillet profile.
By letting the point ride high, the whole edge becomes one long curve. There is more cutting edge in the same blade length than any other profile offers, and every part of it is curved, so a draw cut rolls continuously through the material.
That is exactly what skinning wants. It is also why most fillet knives are trailing points, though they add a great deal of flex on top of the shape.
The high tip is thin and sits away from your line of sight, so precise piercing is harder and the point is easier to break. There is very little straight edge, so push cuts and board work are awkward.
It is a specialist. If you process game or fish, it is the right blade. For general use a drop point will serve you better.