Hi themillionaire08,

Glad to hear from you.

Below are several videos on methods some traders use to protect their stop losses from my free basics of trading video course which should help answer your question:

Money Management: How to Determine an Initial Stop Level

How to Set Stops Using the Average True Range (ATR)

How to Up Your Chances For Profits When Setting Stops

How to Reduce the Chances of Being Stopped Out on a Trade

How Many Successful Traders Incoporate Indicators When Placing Their Stops

Have a look at those and let me know if they do not answer your questions.

Best Regards,
Dave

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Disclaimer: Trading is risky and can result in substantial financial loss. As always my posts are simply one traders opinion and should not be taken as trading advice. I am not a financial adviser so everyone please do their own analysis and take responsibility for their own trades.