================ Hi Hl; You, & to get another ''frank reply''. 'multiple'' stop hits in a day; are too many for profitable breakout. trading. Bright capital may do that, but Mr Bright has huge capital/experience. Wisdom is profitable to direct
Comprehensive strategy which shows you where the market is going next and provides your buy and sell triggers. What you appear to be doing is either entering late when the move is over, forcing you to bail on your position at a loss, or you are entering ahead of a retracement which although not a reversal you choose to take yourself out of the market at a loss only to watch it carry on in the former direction. This isn't correct or professional trading. Bottom line: know your market front to back and you won't be "whipsawed".
If you don't want ANY whipsaws, then simply put the stop at the point where it's a breakout in the opposite direction. So basically, you would be stopped out and reverse. I suspect though the distance would be quite a lot and may not be comfortable for you to trade. The turtles used breakout systems, you may wish to read about their alternative stop system, called the Whipsaw (page 23): http://bigpicture.typepad.com/comments/files/turtlerules.pdf