I average down and take on huge losses for large amounts of time. I put 100% of my portfolio in one stock. I never use stops or if I do I never obey them. I impulse trade. I revenge trade. I over trade. I over size.
I don't let my wins run, but I do with my losses. I follow the trends on r/WSB. Cramer is my mentor. I don't use TA or PA, I only follow my intuition (or my cousin!). I don't backtest (or forward test), cause it's a waste of time.
Once in a while I dabble in discretionary trading with small capital. My main weakness with that style of trading is wondering whether an edge is eroding away. Also wondering if I started off with a lucky streak with an imagined edge. That's why my mainstay trading style is purely systems based with tons of backtesting.
%% Profits run; not so much on inverse or downtrends. Mostly ETFs , sold some hi grade cash copper .......................................................
My favorite... 1. Market approaching big support/resistance where I'm supposed to buy/short. 2. Makes me nervous, so I go take a dump 3. By the time I get back, the market has turned and I missed it. 4. "Relief" on both ends.
%% Good ; occasional short term trades\ investment$. Sell below 50dma, occasional buys below 50dma. Sell, sometimes some hi grade cash copper. Buy insurance , prepay 6 months, seldom 12 month prepay; state cut sales taxon food for 3 months so buy more than usual..............................................................
Good Morning wxytrader, I do all these things you say are bad, and still make money trading. Trade however you feel like trading, do not let the internet and books lie to you.