Something I find really interesting is the concept of "Don't add to a losing position".
It's absolutely true that you should never add to a losing position on it's way down with no analysis (whether TA or FA).
However if you've done your analysis of where a stop-loss and take-profit target should be, consider scaling into your position as it gets closer to your stop loss.
Your risk is exactly the same in A & B below; The difference is that you'll be significantly more profitable in situation B. Yes, you run the small risk that a stock shoots directly to the upside, but the reality is that 95/100 you won't successfully pick the very bottom. There will always be opportunities to add-in.
This has made a big impact in my short-mid term trading profitability and thought I'd share it. In my ~9 years of trading this has been a recent change to my style and it was quite an eye-opening difference.
