The best stop loss strategy is to keep your money in your pocket instead of gamble it and throw it away in a high risk market where you will end up losing it all, maybe not today, neither tomorrow, but definitively someday.
You don't understand trading if that's what you're thinking. But you're free to choose not to risk and trade it. The essential of trading is to make a profit and get experience in the market. If you have no idea what trading is and you just want to keep in your pocket, it's also ok.
The market has always been in high-risk situations and it will not change because it has been volatile even before.