In fact, nearly 65% of all volume on major exchanges is done through algos. The market has evolved very much in the past 5 years, and in order to survive in this business, you need to adapt, otherwise you won't survive. I see discretionary traders trying to trade on short tfs like 5m and 1m and I cringe. The algos control those tfs, and as a discretionary trader you don't stand a chance in the long term trading against people who have very large capital resources, unlimited talent pools, and data mining and flow much faster than you ever would be...Ignored
Every decision I've made has been guided by doing what i love.