Really? You don't have to exit completely. I set a stop on LTC at $380 on GDAX the other day. I would have lost nearly 20% in equity on that trade if I had held onto it until now. Can buy more coins at the reduced price.
i think over the long run i would lose a lot more than i would gain by doing stop losses... logically as i said i can never get my head around it, and if i needed to protect my investment i shouldn't have that much in it to begin with. would be like live betting against myself every time my team got behind.
scared money don't make money!