Setting a low leverage in every trade you make is also a good choice as long you know how to manage risks. We do have our own set up or strategy on how we can make gains in trading. For some it is already on a set up on having a stop loss and take profit to avoid further liquidation and make gains when price rising up. It is our own choice to set up a stop loss and risky without it, just my opinion.
Stop loss are good only for those active traders but for long term ones then this wont really be that much of a relevant tool you can use on
unless if you do go on a swing trade where taking profits in a 5k-10k profit swing but if not then it wont really be not necessary but doesnt
mean that you shouldnt use this one.It all matters with preference though as long you do find it effective then stick to it because one of
the priority on here is to make profits no matter what strategies and tools would be used.
