Here’s one of the more intriguing trade setups that is out there in Goldman Sachs (GS). I just made this trade in the SharePlanner Splash Zone. The consolidation was extremely tight over the past few days and now it is coming out of it quite nicely the potential for the $180’s in the coming days/weeks. 
You also have a major double bottom-pattern that comes in as standard-textbook formation. That has also confirmed with today’s move. Everything looks good on this chart including the intraday and weekly timeframes.
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Refusing to take a loss when the trade has turned, and the reason for getting into the trade in the first place is no longer valid, is one of the biggest problems traders face. In this video, Ryan Mallory discusses the pitfalls that comes with refusing to take the loss and instead opting to become a bagholder on one's trades.
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