Another chart with a basing pattern and an increase of volume on the breakout. Entry was taken on break with a buy stop order in the market and when the trade triggered a stop loss was automatically placed.
The trailing stop was raised 7 days after entering the trade to just above break even due to the falling volume and a couple of high tales.
The very next day, price gapped down to below the stop and an exit was triggered at $16.35 - well below the $16.78 stop. The result was just a small 2% ROI loss which isn't too difficult to wear although of course it is annoying to have a stop at above break even and get a negative return trade because of the slippage.
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