Have you experimented with stops that are not at the low of the day?

Yes. I've used non-low-of-day stops quite a lot. ALAB and FLEX were examples today. Most of the time I use one because the stop would otherwise be too wide from my entry. I don't have solid statistics, but I think the low of the five-minute breakout candle or the 15-minute breakout candle works pretty well if you buy at the right time. You only know afterward whether it was the right time. A non-low-of-day stop gives you a lower win rate, but it tightens the stop considerably. I'm comfortable re-entering if I get stopped out and the stock bounces back.

Source: Flawed plan with perfect execution | 24 Jun 2026