I am achieving the target but as the recent dip was a big one, it took away all the profit I made. So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?
If you're trading in just a short period of time, don't put a stop loss. However if you are opening a market order and you're planning to leave it there as you'll sleep or go outside, then put stop loss so that you're protected from sudden dump if ever the whales want to dump it so.