My stock picking is a bit different. I pay attention to info that hasn’t fully played out yet, then I combine that with price action, volume, MACD, and Bollinger Bands. Before I enter, I already know my plan.
When I’m trading short term, I don’t get greedy. Once I’m in profit, I start watching volume and the overall setup closely. If I feel the risk is getting close to 30 percent, I’ll cut half my position. That’s a rule I stick to. Honestly, cutting losses is not the hard part. The hard part is taking profit and actually walking away.
If price runs too far too fast, or MACD starts losing momentum, I’ll scale out. I don’t chase the last move. It might keep going, but I don’t need to squeeze every dollar out of it.
What matters more to me is protecting what I’ve already made. Every trade I take is at a level I feel comfortable with. I only step in when structure, momentum, and volume all line up.
At this point, I keep it simple. I only take trades I’m confident in and I don’t force anything. You don’t need to stare at the screen all day, but once you’re in, you better know exactly what you’re doing.
Just sharing, this is only my personal approach