Depends on which platform you use. The use of stop loss is usually used by traders to minimize losses by setting a profit target above the purchase price that is not too high. Based on my experience, the profit target is not too high as I want from the orders I place.
If my explanation is a little complicated, it's because I'm not a native English speaker. So please understand.

I noticed that there are many explanations and various ways to use stop loss here.
In conclusion, in my opinion, the use of stop loss is to control the risks involved in the trades carried out.