The importance stop loss cannot be overemphasized in trading it is a trading saver purposefully used to cut losses as forex trader I analyzed my trades with risk to reward ratio while taking cognizance of the stop loss to cut off a losing trade while a percentage of my portfolio is lost,
I also personally experienced a scenario of price analyzed to move northward i.e bullish however turns bearish and painfully hit my stop loss before returning to bullish of course wide stop-loss wouldn't cater for a profitable reward in trading thus this is indeed the most difficult part of trading which requires experience.

Stop loss is one of the best tools in trading but it has not worked for me well. I have tried to used it but most time my position always get hit before a reversal in my direction. Patience has worked for me and I have been making money from trading without mush worrying lately

That's my point, stop lose tools has some great disadvantage compare to it advantage. Imagine you're about to pick profit and before then you get hit by stop lose tool (what a regrettable mood such a trader will be), that means, you have lose out of the game gains. Doing a thorough research could save us from this action while we wait patiently for the coins to hit bact our targets.

Stoploss may sound like most important tool in trading but in my understanding, not in the every trading strategy and not in all types of markets. We can simply skip the need for stoploss, by withdrawing into our wallet with the plan of long term holding.

Yes, long-term holding will simply eliminate the need of going for stoploss.

I'm trading only in spot market and I am choosing my trading assets after long and strong due diligence which means I am trading only highly potential asset which are good for long-term holding as well. In recent times I find such an asset is, GRIN. It is a privacy oriented coin and it must be having great future still I am trading it in short-term but if market is not going as per my expectation then I will simply go for withdrawing into my wallet. I never need to exit in stoploss.

Well, sounds good to be true. Stop-loss trading perhaps gives you a profit but not consistently, there is still no assurance on it that it will give correct functionalities when  you will execute the stop-loss method. But at this point, --I appreciate OP's work for putting effort and tried to share with us his best weapon in trading. We had different techniques and strategies in trading but I still prefer the basic strategy which is buying when it is low and sell when it is high price in the market.

Stop-loss doesnt give you any profit and i dont know if you do know on what you are saying  or just totally trying to go along with the discussions here without even knowing on whats Stop loss in the first place.
It is a limiter on what price your trade should stop, once its triggered or hit then consider it as a loss. Same goes for TP or take profit too where once the condition had been met then it will surely execute according on that you had set-up. Of course there are advantages or disadvantage, it depends on what kind of trader you are because if you are a long term kind of trader then these tools wont really be needed nor be relevant into your trading system but if you are active/day trade then these tools are very helpful i shall say.