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.
It’s important that you make use of stop loss, this is in case if the price of the market should go against you. Although you said that you have been making steady profit, that’s good. But still have it in mind that some days won’t be as good as the others when you were cashing out easily, so it’s good that you’re prepared for those as days and make use of stop-loss to beat them. From what I have seen, based on the explanation you have made here, it seems you’re really good at technical analysis, so that can help to push you further in this, you already know what you are doing.
Since you are using such low leverage, 2-5% leverage is safe but it liquidation can not be prevented when whales sudden attack and the reversal action taken place.
You can never know when they attack. He’s trading and it’s working for him because he’s one of the lucky few that haven’t been caught in those moments. That’s why it’s very important that he makes use of stop loss, because we can’t really predict when it happens.