Good day fellow traders, I'm thinking of using stop loss order in my trades, can you give me some advice how you use your stop loss order?
you should realize how much can you afford to lose for each trade.
that would be your stop loss. if you trade without a leverage and don't afraid to lose it then you can use only take profit.
Most exchanges are now beginning to introduce stop loss as additional features into their platform now and most of them serious make heavy use of this system. Binance offers this service and once you log in to their platform, you will definitely see that option at the top menu.
We also have others great exchanges out there that offers this service such as poloenix, kraken and many more exchanges that I dont use but the best of them for now is still Binance.