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You may lose w/ P&F:
1) if you enter, and then find yourself in a sideways, languishing market
2) If your box settings are improper for that market or security
3) if the market doesn't follow thru much past the breakout..... remember
that by definition, P&F is a form of at least a mild "breakout" trade.... in
that it requires a minimum move of a pre-designated amount BEFORE a signal is
reversed. If there's no follow thru after that minimum move (plus some for
bid/ask, slippage & commission), YOU LOSE.
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