What's your target?
5 pips above a high is way too close, the stop will be hunted.
There is a point when you can move to break even but it depends on volatility.
Your terminology of scalping and long term buy and hold are not the same.
If you're holding for the long term then your strategy is buying defensive recession proof stocks - certain sectors will be like this more than others.
You could also buy ETFs instead of certain companies
I don't buy long term only day trade.
Regardless, with the upcoming housing market crash, earnings hits, unemployment, it will happen. If we don't hit the lows, we're very likely going down again near them