It is not bad to sell for profit, for expert Technical Analyst only, Ratio is 1 in thousand.
In my observation, P6 has only 4% daily gains for an actively traded stocks, less commission say 1%, you have 3% gain If you can catch tops and bottoms 3 days in a row, you have 9% gain in a week. And not all days are bullish.
If you have 6% stops, and your next stock you buy goes down, then your 9% for the week profit falls to 2%.
Stocks can only be manipulated for a day or 2, in order to profit, Some guys call their followers in order to have some price movements. That's why you can see most top ten gainers are not in the active stock.
That is why sometimes it top gainer today and tomorrow top loser.
Below quote is the experienced of Livermore when he day traded.
"I traded in eleven hundred shares of stock, jumping in and out. And the net result of the day's operations was that I lost exactly eleven hundred dollars. That is to say, on my first attempt, nearly one-half of my stake went up the flue. And remember, some of the trades showed me a profit. But I quit eleven hundred dollars minus for the day. Livermore
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