The only time I set stop loss is when the btc price exceed my order price. So i wont be scared or the price going back and also there won't be chance for lose anymore.
I found that this idea has been working well for me so far . And its a good way to trade for me as I've seen so far.
Thats the idea of using SL. We have the same tactics and I believe mostly traders are doing so. Once the entry price exceed far you can set the stop loss above this price and its already guaranteed you no loss ( but of course you will bear some fee though). Ive always activate it when I am already at peace with the current movement.
But of course you dont want to lose some chance when your SL has been hit due to minor tick of the market then go up again. It happened to me so many times, I save my position above my entry price and seeing it was hit for a little drop closing my position then gaining again. Thats one thing youve missed maybe a little additional risk is necessary stay on the leverage.
But for some rush hour( market drop and surge fast) you cant aniticipate this and will have no chance to set up a good SL either cut loss or chasing zero losses.