I'm thinking of switching to Swing trading, as day trading has literally become a black hole of time sucking craziness. So the $64 question is, how do successful swing traders guard against drawdowns ? Do you just use wider stops (I would guess this is the answer) ? What do you do when stocks gap down the next day ? Do you just take the hit either way and close out and keep trading ? Or do you hold to see if the trend resumes ? Thanks in advance !