Dislikedoff course they dont use leverage and one need to understand that fact to the depth of thier bones,holy grail of making money in the market is:
proper capitalization +negative leverage +big time frame = profits
and i dont use stop loss with the above formula and i decide when to take the loss and profit and market dont give me the loss or profit and thats why i am in control of the whole process.Ignored

Empty as water and soft as a facing wind mountain