With stop loss you will always be the winner, I don't even allow bad trades to hit my stops before I ecut and reenter when things setylest, people wonders why i always make profits each day, it because with the trading hours, i take loss when I see I'm wrong, and when the losing is very little, and make huge profits when I'm in the right, so each day my sum of profiting trades is highly greater than losing trades if any losing occurs, this is one of the benefits of stop loss and makes you keep your profits.
On Thursday I was making like $9800 profits on the live account with deposit total balance of 79k, the live which i use to copydirect trades to this demo, while the live was already made profits on London section to the amount of 9800, the demo here was on profits of $1800.
Later I took a buy on GBP/USD that went South, I could not wait for reversal and I closed the negative trades and the Live account I made $9800 I close negative trades on it, around $2800 and still have $6000 profits for the day, while the demo I took around 1k plus lose to which is $1800- $1200= still $500 plus profits for the day.
Even the trades later went in my favour but I don't care about that because I have a deep discipline trading plans and strict money management for any accounts over a thousand.
I later made back extra $1500 on the live account to bring total profits to $7500 for that day while the demo around $1000 plus profits for the day too, then I closed before U.S. opens.
On Friday I made a very sweet effortless profits of 15k on the live account and 5k plus on the demo account, I closed before the news and went resting for a very profitable week.
Now this is the essence of having stops to protect your already made profitsvor even exit before it gets to it. Stop can make you have a very good money management and very high end profits if you are disciplined on it.