Jamit, there is no avoiding risk if seeking alpha. Only one has to trade as per one's comfot level, system, personality, market trend, momentum etc. Even if all these are taken into consideration, there is no system, no holy grail that will give return without risk of SL - SL is part of trading. Only discipline, money management, risk management, system etc. give an edge to a trader. Patience is the key. Check for stocks in a trend - up or down. See how many green candles be it 4,6,9 etc, overlap. Many come to touch the low of the previous day. It's to shake out weak hands, to accumulate in an uptrend. One need to understand what's happening with each chart, candle to make money with the market, you are after all playing a money game with big players. So it's important to enter when the maximum events are in your favour. Over the long run, this is the edge - and enough to make you money.
But a SL is a SL no matter how smart. It is still bound by the statistics johnny typed out. There is no circumventing it. One just has to collide with it, head on.