I don't even know what stop loss is yet. I try to limit myself to very few trades per MONTH. And all of them done manually, I dont leave open orders when I go to sleep and stuff like that. Too much stress.
A stop loss is a really cool feature. Basically if you were to open a long position with 10x leverage in the hope the bitcoin price would increase you could setup a stop loss so you don't have to watch your trade.
For example, let's pretend the bitcoin price is $220 and you're happy to close your position once the bitcoin price gets to $235 (6.8% increase). You can setup a stop loss for $235 and your position will automatically be closed out for you. You don't even need to be logged in. This makes trading really easy.
Create an account with Coinarch using Kimba as the invitation code and I will give you free brokerage for a week to help you get started. Email me at
Kimberley.silva@coinarch.com if you have any more questions