I find it annoying when traders think their way is the only way to trade. I may be a newb but you only need eyeballs to realize there are infinite ways to trade. THERE IS NO RIGHT OR WRONG WAY AS LONG AS IT MAKES YOU MONEY. I look at it more as an art than a science... After trying many systems I finally found one that works for me. I call it 'Dynamic Range Trading'. Ive altered it to not use HARD STOPS but instead my SL and TP are always the same... at the opposite end of the range. That may be in profit or loss it doesnt matter, once it reaches the other end Im out. And of course the range changes based on market conditions. It works for me and thats all that matters. So if stop losses work for you SWEET, but there are other ways!