Makes sense, placing a buy stop if trade goes against you, but what if the price hits your buy point after hours? That happens a lot. You'd miss the trade.
NorthStarDayTrading
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@ptocco, This is for intraday breakout plays. You can always add a stop loss to the buystop order as well. The point is to get out if it starts to go against you, rather than sit and "hope" it returns. You can always re-enter at your original entry if price comes back to it.