Yes, and I think stop loss is something that should always be applied in our approach to trading regardless of the strategy you use (except the spot market), the reason is as you said that stop loss really helps us to limit the amount of loss when it turns out that the market moves against our predictions. In trading the feeling you feel will not affect the movement of the market, meaning that even if for example you feel that now is the right time for the market to reverse but of course that is only a possibility, there is always a way for the market to continue the price without you knowing, and this is where the importance of good risk management such as implementing stop loss and also preparing yourself to stay calm when experiencing a number of losses, set awareness and understanding that not every time you will profit.