Trading strategies. What's your approach?

Bears make money. Bulls make money. Hogs get slaughtered.

Depends on your goal. If you want to retire, that's shitty.

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Depends on your goal. If you want to retire, that's shitty.

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He said trading.

I'm only holding until I see what happens with the sell of half of their ethylene cracker.

Chevron won the bid according to a Korean news outlet and people who I know work there. Have not seen a major announcement but they received quite a bit more than expected. Excess of 3 billion. That should really help the balance sheet. I'm looking to exit around 12-14.

Debt is suffocating them. This should help. The sick perplexes me in the sense the they trade under $10 and have real assets and were once a $30 stock. While many SPACs trade much higher and have nothing.

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What's a better approach. Fewer stocks with more cash in each or more stocks less cash on each?

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I’m not sure if you’re actually talking about trading (and what kind... swing or day trading) or if you’re really asking about investing strategies.

Here’s a link to Investor’s Business Daily that outlines swing trading.
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But you don’t want to be overallocated in a single stock or in an industry or sector. I go with no more than 10% of my available cash or margin in a ticker and no more than 20% total in an industry or sector. Why? Because if you’re a long (or short) and that stock or industry takes a downdraft, your portfolio gets hammered. Most successful traders suggest diversification, whether you’re trading or investing. And if you’re trading, you need to know what your profit targets are, as well as your loss thresholds, BEFORE you ever put the trade on. Course, you can do what most people seem to do and use gut feel, and you’ll likely lose money over time. Gut feel does not work, but YMMV.

Check out the IBD link, or another one that gives some time tested guidelines, and good luck.

80% of my portfolio is invested in mutual funds and the rest is divided up into 4 stocks. I like the mutual funds for longer term stable growth while I try to pick some stocks that I see have potential to grow higher than market average and these are also fairly long term positions

I just got into trading about 18 months ago.

Some days I make 20 trades. Some days I make none. Weeks, sometimes months in fact, when I make no trades at all because there simply is no play. So I wait, plan, marshal my resources and when I finally see an opportunity and there is a trade to make, I risk it all.

I keep 8 - 12 stocks in my Etrade portfolio. Sure, there have been plenty of times when I wished I had it all on one stock that saw a sudden spike, but there have been a lot more times when I'm glad to be diversified.