My trade yesterday on ABB went south, it hit $3.51 and as I brought the day prior @ $3.55, I stuck to my rule and sold @ a small lose. Using this rule has save me many dollars, I did note that ABB did get to $3.60 later in the day after hitting a low of $3.47.
Towards the end of the day I brought TPG & ING as both looked over sold, so virtually a nil day despite looking @ the market all day.
We all have our own method & so long as you end up with more money than we started with your a winner.