It's just how I trade. A TIP for others to aid with decision making. Everyones trading style is different. itsonlymuni showed how he trades with free shares. I count free shares as my gain money and don't have a different attitude about their value to me. Different trading styles. I'm sure there are successful traders which would say hold everything long and don't event mess with selling, until your sure the run is over.
Your job is to soak all this in and try to find what matchers your trading style needs, wants, and goals, the best. Paper trading while studing. LOL I know most pennylanders won't. But taht is highly recommended.
The tools are chart patterns and TA indicators, all the rest are suggestions on how to use the tools. Trading RULES, TIPS, rules of thumb, and unpublicized OTC chart patterns are only aids to create and pick a style.
Most pennylanders probably win one trade and lose 3. I win 3 and lose 1. And IMO knowing TA & charting, finding a trading style, creating trading plans before entry and having an over all business plan for the years work, is how to become successful. Not jumping in with the crowd and becoming excited about one win.
It doesn't have to be my way. But it should at least have some resemblance to being repeatable based on knowledge & experience.
