I have read over 20 investment books, followed many podcasts, taken courses and still have not been successful. In fact I have lost over 50k in 4 years. However, I have a passion for learning the stock market and enjoy trading. It’s why I jump out of bed each morning before the markets open.
So here is my question. I have many large positions such as GE and gold mining stocks. I started as a value investor and now believe in and enjoy trend trading. Do I simply exit my value investing losing positions of which many such as GE are down 40+ percent down to reinvestment this money as a trend trader?
Question two, I have a hard time with where to put my stop loss. Below consolidation and moving average or 6-8 % stop loss?
I truly thank you for your help and response to this message.
I don’t like the piecemeal approach here.
Your first step is to decide what strategy that you want to employ.