I do not use stop loss again since 3 years ago when I saw its disadvantages. You will know what that I am talking about.
I trade with low leverage.
I average. People that average will likely not be using stop loss.
Those traders that uses stop loss are those that uses high leverage, or trading a very volatile altcoins and not averaging.
I on the other hand do trade with high leverage but only on the coins like Bitcoin as they aren't going to move a lot as compare to the other shit-coins that are basically pumped and dumped. I don't really trade the shit-coins anymore as they are risky and I have faced huge losses when I traded those coins in past. Now, my main focus is on Bitcoin and a few other altcoins that aren't highly volatile as those useless shit-coins which exist for pumping and dumping.
Sometimes I use more than 20x leverage on Bitcoin but mostly I prefer to go with as high as 10x leverage. The 10x leverage on Bitcoin is far safer than 5x on any shit-coin that can move crazily. I know that the profits with Bitcoin trading pair aren't much as compare to others but the risk is minimum with Bitcoin trading.