StopLoss in Spot Trading :

the Stop loss Concept also work in Spot trading and one should use it for sure.

its like a coin current price is going down and its trend is downward and the price fall from 1$ to 0.75$ , you have to sell it and put a buy order under a lower price. otherwise many rugged and ALT coins can make your 10,000 dollars only 100.

the HOLD concept always not work specially if the holding is not $BNB or $BTC .

good Luck