This XNY just happened to hit my stop loss, and then it skyrocketed every day. If my order was still in, I would have made a fortune.

At that time, I set a 10% stop loss, which was 0.00606. If I had adjusted it a bit more and set a stop loss at 0.006, I would have held on since it never dropped to 0.006 despite several spikes.

A small difference can lead to a huge loss.

I've learned another lesson: integer levels are like a wall; the attacking side should try to avoid them, while the defending side can use them.

For example, if you want to take profit at 100, you can set it at 99.5 because many people take profit at 100, and many open short positions at 100. 99.5 is very close to the target and easier to execute.

If you want to set a stop loss at 80, you can set it at 80.