[12:43] FlapJack: if you overleverage, most of your capital will be used for position margin. If you put a stop a few points before your liquidation price. you'll get all that money back instead of loosing it.
[12:48] FlapJack: at 100x leverage, you'll have your liquidation price let's say 1 unit of price one way, and to double your money fees included you probably have to make 3 units of price the other way. When you hit your liquidation price, and get stopped by your own stop 1 unit of price away, you actually have lost only like 1/3 or 1/2 your money.