Algorithms, a traders best friend.
Wait, What?? One of the most common misconceptions in Trading is that “Algorithms are picking Me Off”. Nothing could be further from the truth. Perhaps you’ve had this happen to you. You place a stop order under an obvious pivot, only to be stopped out and have price reverse back the other way. You are a victim of price discovery, not algorithms. Think about it for a second, a program doing that wouldn’t make any money. Selling a stock down only to then reverse and start buying, doesn’t make any sense.
