Re-Entering After Getting Stopped Out
Traders who are quickly stopped out seldom are willing to re-enter the market when their trigger is hit a second time. But terrific gains sometimes occur after these flush-outs. In the markets, it is often the hard thing to do that pays. This knowledge is one of the attributes that separates great traders from average traders.
–Jeff Cooper, from Hit and Run Trading, M. Gordon Publishing, 1996.