Stop losses are a good way for traders to mitigate losses if a particular trade doesn't go their way. It doesn't apply too much to hodlers, but professional traders do and if you trade you should too!
A few friends of mine asked how to do it, so I figured I'd make a quick video on to... Was a 1 take so excuse the incidental uhms/stutters/mumblings.. I think it's clear enough to understand the concept though
Cheers