many people believe stop loss order is an ally to their trading journeys, when best of their analysis goes wrong stop loss saves the remaining balance capital , thousands of traders got Liquidated last time ,but my position remains allive.
IN my case I don't set any stop loss in my trading position , I am ensuring that my Liquidations price is far from danger of hitting scam candles, sudden drop of prices ,severe fluctuations due to market manipulations.
so I have a chance to recover my looses even market price dropped severely in the course of my trading in futures. However ,I have also allies in my trades to prevent Liquidations .DCA , HEDGING just in case market turned worse into worst .
in your opinion and experience how STOP LOSS- works for you ???