I been in and out of the game for 10 or so years. No major success story here. I seem to get out when ever I need to empty my account for a emergency car purchase or something. Not looking for recommends, unless you want to. Looking more for a dos and don’t list, share your mistakes, and wins. Or strategy you want to implement. Goals are to stick in it, have separate money aside for emergencies, tool for long term saving / retire, possibly be full time day trader. -Never ever sell low -stick to what you believed in -stop checking on it everyday -double down when low to lower cost average -find recession proof stocks -take advantage after bad news Care to share some pointers?
Here is a practice I try to stick to: Say if AMC gains %10 like it did every time a good movie comes out, put it into a loser like RGR. I take out of a gainer, put into a loser that I still like. What is that called?
Can you elaborate? I take out from a stock that is at what I think the peak is. Then put into one that I think will be going up soon. Homer, share some wisdom
For the same reasons we don't allow medical advice here, I'm locking this one up. Nobody here knows a thing about anyone else's qualifications or intentions.