If the stock is moving big on heavy volume, they can easily break through s/r zones. You should monitor your positions here for signs of reversal, but don't assume that they'll turn around. Fibs or pivots are nice tools to help you get an idea on what might be possible under some circumstances, but no system is right all of the time. So learn them if you like, but don't think that they're the one thing that you need to turn your trading around. After reading this thread and your journal, the biggest concern I have is what you're hinting at here: you aren't following your own rules. This is a huge problem. If you make or lose money, will you know why? If you get a signal, will you have the confidence to pull the trigger after a series of losses? Most traders that I've seen will exit early from their winners because they don't want to let them become losers, and will let their losers ride hoping that they turn around. If you aren't following your rules, there is a big danger that you will fall into this trap. I strongly urge you to keep a notebook or spreadsheet or something in which you list all of the reasons for taking the trade, what problems with the trade you see, what your profit target is, and what your exit criteria are. And then make sure you stick to it. Your goals for the next few weeks shouldn't be to make money, they should be to follow your trading plan. At the end of the day (for day traders) or at the end of the week (if you hold overnight) review your trades and see how you did. Are you consistently leaving a lot of money on the table? Are there better exits? Are you following your plan? Would you make more or less if you changed your plan? As a disclaimer, I'm a new trader and am trying to learn these lessons myself. I can tell you that having the discipline to detail the reasons, warnings, targets and exit conditions for every trade has helped a lot. I've gone from having -$150 losing days and $50 winners, to having $20 "losers" and $350 winners. I'm definitely not where I want to be, but I'm paying bills and I have the information now to actually learn from each trade. I suspect that people fail as traders, not because they don't have a good system, but because they don't follow it, and they lack discipline. If you work on those two things, I think you'll see dramatic improvements. Luck!