>>21666186according to my (((source))) the proper way to use it is when you are already up -
"The only time I do use a stop loss, is actually when the position is green. This sounds counter intuitive, but it actually makes perfect sense. When my position is in green, I often trail the stop loss behind (using a trailing stop loss), and/or I move the stop loss up manually to lock in gains, or to at least lock in a break even trade. This ensures that if I worked hard to find an A+ successful trade set up, and that trade rewarded me to be up on that position, I do not throw away those gains on a pullback, to then find myself down on the position."
