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.
You should have included this in your first post so it won't sound strange to anyone. Now, I see the reason why you are not too comfortable with using stop loss. Stop loss is just to help you manage your risk and nothing more. I personally will make use of it to minimize my risk because I can not just watch by while my balance liquidate if things goes wrong. It has less effect if you mainly trade bitcoin because you can not compare bitcoin trading to other coins in terms of volatility. The shitcoins have caused you huge losses but I can confidently say they also made you some profits before you decide not trade on them again. In fact, shitcoins are the best to trade with if you aim to make quick profit and also ready for the otherwise of it. Bitcoin offer less risk with lesser profit, each has its price and you can either take less risk to earn less or take higher risk to earn high.