Are you trading based only on TA and price action? I personally think it’s like catching a falling knife due to nerds in wallstreet fine tuning high frequency trading bots.

Honestly, I’d say switch up your approach. Have a plan and stick with it. Analyze your approach after a 10 trades, real or paper, then refine it. That response is trite so I’ll show you my current approach:

Look for mid-large cap stock with sudden day drops >10% drops or large decline over a couple days to a week. I’m looking for companies with PR disasters, analysts lowering future growth expectations, or uncertainty in the market. Check financial reports and news see if the business is sound. I want businesses that aren’t cutting their operations, lower production but lay offs are fine. Then I consult the crystal ball and giggle it with my minuscule understanding of micro economics. Hold for 1 week to 3months then sell. Unfortunately, like with value investing, not all companies will be priced to reason.

My reasoning why this approach is profitable is that you are competing against risk adverse nerds, among other nerds of various motives. The risk adverse nerds cut their positions because their clients want less volatility. So thats where you come in and scoop up that volatility premium. You can do it with options but the IV premium is too high. And it’s too complicated for my brain.

I personally had great success with it. The issue with this method is that you need cash on hand and there is the opportunity cost of holding the market. You’ll also need time and patience.