Here is how I have been trading profitably for the past year and a half without stop loss:
THIS POST IS ONLY FOR SPOT
The first thing I think about when deciding my buy order value is RISK and how volatile is the coin.
Assuming I am targeting 1% profit on a coin, I will enter the trade with 3-5% of my portfolio depending on how much the coin might dip so that whenever the price is dropping I can always buy more and DCA.
I always try to atleast to be able to afford a 50% dip of the coin before I run out of cash.
For more than 500 trades over these past year and a half, I never ran out of cash and always profited!
Let me know in the comments if you have any questions 😁