I currently Trade 3 accounts with different growth strategies and hold strategies. My main account (the largest is what I use for my business). What you need to know about my strategy:
I primarily 99% of the time short. I will only long if its an obvious career play like DRUG or theme.
I always have scalped, even hyper scalp around a core. Because I am shorting peaks I am often in the money instantly. However, after many years of leaving tons on the table and not making far more then losses I decided to adjust to hold partial to full fade, full target, end of day or even swing. This could mean leaving as much as 50% if its a A+ opportunity.
All my trades are categorized. Speculative, Bronze, Silver, Gold, Eagle (A+) with each risking a different % of account. Each may upgrade all the way to max loss if the setup becomes better. For example if I enter stock XYZ as a Bronze and I hit Bronze loss, but I still like the trade and becomes a Silver I may continue adding short and so forth. Each level is how confident I am of projected peak. For example Speculative 50%, Bronze 60%, Silver 70%, Gold 80%, Eagle 90%. This works well as often if a lower confidence trade gets away on me I can still turn it into a winner as started smaller size (hence 90%+ win rate).
My max loss is pretty large 6% of account. However I grow account easily ~2%+ per day as I trade many many tickers and some are huge winners. Yes, sometimes you hit max loss, but that is only 1-3 trading days depending on the month. So even if I hit max loss 2, or forbid, 3 times I would still have 25% account growth. Per month, worst case scenario. So with a $600K account an average day would be $10,000+ with 1-3 +$20-40,000. With 1-3 -$40,000 losses.
The flags on the right are important as they represent red flags
I use the tool in the spreadsheet to quickly determine numbers
I post my idea on then take the trade about the same time
For business purposes and tracking I ONLY trade what I post
I may update plans or trades, however mostly to upgrade, rarely will exit
