I used to do that and still have the tendency to do that, but I am trying to change.
Few strategies which I adopt:
- I know that I cannot be a discipline frequent trader that keep buy and sell. However, I always has to desire to buy and sell to trade/speculation. (bad me!) Thus, I ensure that no more than 10% of my portfolio per trade. This makes me sleep more peaceful at night.
(My savings and thus investment captial will grow overtime, hence the majority of capital will still be for growth/undervalue stock with decent yield.) - Only speculate bluechips. Fast in fast out. Chances of bluechips bankrupt is lower. (for speculation only.)
- Write down all ...