Some simple ideas:
1. Know & understand what you're trading:
2. Futures? I love futures for leverage, tax purposes, and intrinsic value. Leverage via very small percentage margins, advantageously taxed at 60/40 (google if you don't know this), and generally-known 'production costs' that allow you to 'defend' a position (crude oil, corn & coffee are unlikely to go to 'zero' or reverse-split...
3. Options? I love options for many of the same reasons above. Don't be fooled by the "90% of options expire worthless" - Only an idiot allows any position to deteriorate that far. Stop-losses on options may be pretty wide depending on your style, but don't ride ANYTHING all the way down, that's silly.
4. Sub-penny OTC stocks can be really good too. But NEVER EVER believe the bullshit HYPE and PUMP you read on the boards. If you're LONG an OTC stock it is often better to NOT EVEN READ THAT BOARD - it will be full of idiots telling you it's going to the moon. Get onboard a breakout move early (ARE YOUR RUNNING SCANS? YOU MUST), and scale-out exit as it moves your way.
5. Crypto? I got lucky w/ ETH, XMR, XRP but I tend to not 'trade' crypto much now. I'm a believer and have a GBTC position that I 'trade around' in order to build good-sized position. I'm LONG-ONLY w/ crypto.
