At some point I will try to expand on stop placements, as it is...

At some point I will try to expand on stop placements, as it is an interesting subject.
Probably when I look at actual trading, once everyone can read the chart reasonably well (and we need a change).
They can be used as part of a strategy, as well as being a safety net.
Actually on the daily chart (you mentioned), the low of that bar you described the other day could have been used as structure to tuck a stop under.
When in an uptrend, the low of any down bar could be used in this fashion, as the low of a downbar is technically where support has come in.

cheers