I'd like some feedback from you seasoned traders on how to handle being shaken out of your position, then seeing the stock rally without you on board. I know what everyone says, you can always buy it back. True, however, you can rarely buy it back at a strategic level close to a logical support level. So let's say you bought your favorite stock right around an established intraday support level. You set your stop loss order about 1/8 to 1/4 below the support level, risking about $1 - $1 1/2. Your goal is to make $3+... Then the stock breaks the support level by 3/8 to 3/4 and rallies up $3 - $5. Even worse, sometimes you get shaken out twice by the same stock, and then watch it rally. Do you experienced traders have any limit on how many chances to give a stock before you give up. It seems that it always rallies just when you call it quits. I've been thinking that maybe it's better to place a limit order about 1/8 to 1/4 above your support level and catch the stock on the way down. I know this is like catching a falling knife, but this way, if you get filled, you can give the stock more wiggle room, while risking the same amount ($1-$1 1/2). Just for clarification, I'm referring to support levels that are established from looking at a 10-20 day 5 minute chart. My current strategy is to wait until the stock drops within 3/4 of its support. Then I look for the stock to have a positive close on its 5 min. intraday bar. If the $COMPX also closes positive, I then enter a limit order to buy the stock at the closing price of the positive bar. I usually risk $1 - $1.5 on each trade with 100-300 shares being bought. When the stock trades up to my initial amount risked, I sell half my position and move my stop to breakeven on the remaining shares. I usually place my stop loss order 1/8 below the established support level. I was thinking that if I were to buy the stock on a limit order right above support that I could afford to give it some more wiggle room, while risking the same amount of money. What do you guys think is best from your past experience?