If the experienced could name one rule that they have/stick to that they believe has saved their bacon what would it be.
All comments offered are purely opinion or experience and do not constitute advice, recommendations or such, and are purely for interest sake.
I start this as I have been backtesting and the thing I found (which I didn't apply!!!!! - despite reading it on this forum) is to cut your losses!.
Just fiddling with one system and altering the timing of the exit from 5 days to 20 days took it from 39% profit to 11% loss = 50% difference in outcome.
This was with 21 different stocks (from ASX50) over last 10 years. nOt necessarily a great return - it's the principle that's important.
I had to share this epiphany with someone!!
Hope others can provide something - I see a lot of new posts which show the bewilderment that I am steadily reducing.