I think stops are good, just not trailing stops. First, you need to know how much you are willing to risk.
You also need to know what your chart looks like when your reason for entry is no longer valid.
First thing that happens is your pattern gets broken, You can exit then for a small loss and reassess or you
can put in your stop at x amount and wait. I rarely put in a stop right off the bat. The only time I do that
is when I want to sleep well. Then I put it my max...