Many attribute "porpoising" to light rear spring rates and too light or worn shocks, and I believe that is the case many times. 1/2 tons pulling too little tongue weight especially in a longer trailer seem to be a main culprit. I know mine, at 1100 lbs tongue and 34' feet long can get a little bouncy at times, but it generally doesn't last long and settles down quickly. If it doesn't, I pull a little manual brake to settle it. I've been on rough roads with a lot of seam bucking and have used the brake lever repeatedly to tame things down, but doesn't usually get that bad. It could also be hitch windup if your running near the max of your receiver. Could be "D", all the above. If it's constant all the time you need to start looking at the obvious stuff, shocks, tongue weight, tire pressure and work your way through it.
"It`s not important that you know all the answers, it`s only important to know where to get all the answers" Arone Kleamyck
"...An unarmed man can only flee from evil, and evil is not overcome by fleeing from it." Col. Jeff Cooper
Sunset Creek 298 BH