Is it best practice to have Stop Orders or Trailing Stop Orders in place to protect profits?

I have been trading crypto for a little while and have been lucky more than anything. I am not a pro-trader, but I want to protect my profits. Is it a good idea to have stop orders in place? Should I use trailing stops? What is a good strategy for setting those up? Should they be set at a percentage below the current price? Thanks for the tips and advice!

submitted by /u/nicksbrother
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