Using stoploss shouldn't be that hard to understand. You must have used it wrongly then if that's the case. Although stop loss we're not meant to stop you from lossing but help minimize your loss, still there's a way you can turn it to your favor as when used in this manner (placing your order 10% above your buying price) you'll always be in profit. How to achieve this is very simple; after entering a trade at first, you can set your stop loss to -10% (maximum) as I believe that should be the highest anyone new to trading should go to play it safe.
I agree with Brainboss although I find a stop loss of -10% quite low when trading cryptos due to the high volatility. I use a stop loss of -25%.
Now after recording some profit, you should constantly readjust your stop loss to be in profits incase of scenario when the market declines. I used 10% because that's my limit but you can constantly increase yours to 10,20... percentages until youre comfortable with the profit you have gotten. In summary, turn your stop-loss to take-profit
In fact, than you put in a trailing stop opder. Taking a profit is always a good idea also.
More information on a trailing stop opder: https://www.investopedia.com/terms/t/trailingstop.asp
10% of market price or 10% of investment ( i use 1:10 leverage)
10% of the market price
