What would be a stop loss %5? No, my stop goes in a the bottom...

What would be a stop loss %5? No, my stop goes in a the bottom of the pivot point as that is new support level. i.e $4.00 in this case

How would you judge your exit price? Depends. Could look to exit at $5 as it's an obvious resistance point but I will use a trailing stop most likely in this case.

As it goes up do you run a trailing stop loss to lock in profits? Yup. My stop moves up with each new higher low formed and goes at the low of the swing. So if I'd bought in say mid $3's, my trailing stop would now be at $4.

Best tip I think I can give you if you want to improve your TA is to look at as many charts as you can - market scanning software helps a lot with this. I'll look through probably 500 charts most nights - because of the software I can flick through that number in maybe 20 minutes before going back to look more carefully at the ones that caught my eye.