i think the solution is to avoid "ipits" by following your trading plan (yeah, easier said than done.. i should know
example boss Yeahbah & Boss T....
11/06/09 FGEN Buy B: MarketS: 15.25
T: 21.25 11/06/09: Open
11/05/09 BPC Buy B: 4.05S: 3.95
T: 6.75 11/05/09: Open
Trade opens at 4.05
if the stops were followed nobody would be "ipit"
in my opinion (my opinion only), if it's already below your stop, just cut it...because letting losses run is a product of a habit IMO and habits we repeat. usually u'll get lucky and prices will bounce back...but there'll be that one time where your stock may never bounce back...this will kill your portfolio and all your hard work. it's just not worth it.
again, just my 2centavos