I take positions where I see a 5-10 point gain in the near term. I move quickly and cut losses fast. 7% loss is general rule. 25% gain is general target. Contrarian sometimes-Trender sometimes. Take what the market gives. Always learning.
It's not about being right, it's about making Big money when you're right. I look for winners using volume, charts, and fundamentals. Playing for 16 yrs, sometimes the gold is so close you can taste it.