I use tight stops, which I adjust daily. I let winners run, but take half off when my goals are hit. I only trade from my watch list and if technicals are right. I try to avoid buying when overbought or far off SMA.
I've learned the hard way...
Started trading Sept 2013 as a hobby and hooked on it now. My approach is to accumulate gains over a longer period of time instead of letting greed kill me. It's just safer, less stressful & smarter that way.
CFA, FRM - 20+ years of working as Investment risk analyst with Multi-billion dollar firms. "It is acceptable to undertake a risky investment if you are properly compensated for that risk.Too often investors take on return free risk"