I've taken thousands of stops this last 20 years on the journey to trading pivots/bottomfishing. Today I daytraded KOLD MARA UVXY pivots profitably, ACB recently as well. Main lesson learned is only trade extreme charts, eg look at big drop MARA yesterday. Or, charts that have traded beyond their ATR, range-extended. Other tips, big vertical drops often mean revert bounce, and pivots at best often move up to 30% of prior ranges. 50% is best case. Also look for bounces at typical reversal times, eg 10am, midday and 3:30 eod. Another green day today, woot.
Drawback is if focused on pivots, it's easy to miss breakouts, eg should've been in LCID PTON but I missed those today : o