Unlike crypto trading where a coin like Shiba can still make moves after about 1 year of dump .
You can say this if you're merely hodling it and not trading on leverage. Those who trade cryptos on Spot will say there's no way one loses even when the coin dips; they will wait for it to recover like the Shiba example you gave. However, that can't be said for those doing leverage trading. Leverage trading works the same way forex trading works. One can lose all if the market goes against one.
I am not an expert trader. It was because of my horrible experiences of trading that is why I lost interest. However I read about future trades as against the spot trade. It is the spot trade that I have experience and wrote about. I know many professionals go into future and there is where institutional traders and whales manipulate the market easily.
The issue of using SL, it wasn't possible for me to set stop losses because I didn't know how to maneuver the bot.