Hi, I'm new to crypto trading and I'm trying to figure out how to set up stop losses for small cap alt coins when I use a decentralized exchange or when my coins are in my wallet. Do I use tradingview or another website or app for stop losses and when I get a notification swap coins or sell? I'm really confused. Can you only create stop losses on centralized exchanges? If the centralized exchange does not have the alt coins that I'm trading how do I create a stop loss for it? "ELI5"
Stop loss is an feature available at the centralized exchanges so you can only make use of it if your funds are in Their wallets and you create trade orders for it, if I am not wrong.