Trader's Note To Self: Stop Loss orders are like double edged swords, if set too tight to the open order price it can close out your position too soon due to the volatility of crypto, set too loosely you will suffer more losses when a trade goes against you in a big way. Should traders use Stop Loss orders? Probably, so I will make myself. What is the ideal percentage stop? Only experience will tell, and it will surely vary for each pair.
I do not use stop-loss when trading the forks as if rate goes against you sooner or later it will be back at the position you want. Proved by a few years spend on Exchanges. Be cool when trading.