WSB risking 1% of their capital or less per bet & playing for the long run (law of large numbers with an edge) is not what WSB is doing. WSB is all about betting the farm with insane leverage trying o get rich quick or blow up trying - the complete opposite of what the winning pro gamblers are doing.
Staying with Maxinger's discipline of sound , unemotional trading..I would say, after reading the thread here that: Follow the Trend. If the trend is a strong force..dont fight it, join it. If you are Losing (on a trade)..dont continue fighting..cut your losses If you are winning on a longer Trade..Dont get Greedy. Take your win and re-assess your position before going too far Risk ..Assess your strength and capital and hold a firm strategy so that you dont lose too much in one battle. Battles can be won or lost..but stay focused on the larger picture war (profits, gains and long term financial success). Limit too much risk, Cut losses quickly. If there are several back to back losses, re-assess your particular strategy Never do battle against a much stronger force. When the fed or .gov brings out large economic actions or programs, join their direction..dont fight against it..even if you dont agree with that particular political party
Too complicated. Mike Tyson summed it up, "everyone has a plan until they get punched in the face..."