Here is a suggestion for entering trades late and/or after a profit taking stop is hit. On the BABA 240 minute chart below, note two things: (1) There hasn't been a short-term trade since BABA has been added to the portfolio, money left on the table; (2) When price drops to the trend line but isn't able to break through it will often enter into a new leg in the direction of the trend. It is then that a re-entry or add-on trade can safely be made. If price than turns back down through the trend line, the loss is minimal and a new trade can me entered in the direction of the new trend.
