The cheaper the stocks, the cheaper they act. You would have been able to afford one share of FICO a month ago, and look at it now. Step up your selection game. Not all stocks are crazy.
ive been chasing % i just lost the programming to trade longer timeframes after the bear market. i just dont see the long term patterns anymore.
IF you are a consistently profitable trader, use a "nuclear stop", equal to an entire month's worth of profits. You are correct about the ALGOs. If your entry is off, you may get dragged under the bus, but you will survive. Last time mine was triggered, was in Summer 2021, with ES Futures, an event that had not happened in 75 years. You have to be VERY WELL capitalized, and actually not give a flying fuck. Oh, almost forgot, scalpers always die! Trade for at least 2-3 years, and look at your results, then build a trading calendar, around your personal performance, which is obviously very personal...