SL has always been a part of my habit and it really helps minimize my losses. Although sometimes I miss other opportunities for a higher profit. For instance, I buy at a certain price and set an SL. The price goes down and hits my SL so the deal closes at a loss. However, a few seconds later, the price spikes up. It could have been a win. There are moments like that although it rarely happens to me. Most of the time, SL saves my funds.