A simple example for stop loss, every time you stop loss, you lose 1 to 5% of your capital, how many stop loss you can do?
I think the key for investment is to find a business winner, and stick with it. If I have the ability to do that, I do not know. Do you have that ability? if no, do not invest, if you do not know, want to try, be clear about what you are doing, do not confuse luck with skill, be thorough with your logic.