I use tight stops, which I adjust daily. I let winners run, but take half off when my goals hit. I only trade from my watch list and if technicals are right. I try to avoid buying when overbought or outside channel.
I've learned the hard way...
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I am a systems, rules based, long term trader & teacher. I go out of my way to avoid noise, while managing risk. I view the market via WEEKLY bars. A careful examination of my list of losing and winning trades tells the complete story.
Left corporate life to really start living mine. I trade stocks, options, futures and FX by day & work on mostly charitable web projects at night. [ Disclaimer: I may or may not love Elon Musk & I will remain a $TSLA and $SCTY bull ]