I have practiced CANSLIM over 35 years; concentration is important. Today after 3 decades I keep my individual positions at at max 10-20%. Work the math. How much are you willing to lose with a 50% loss overnight in a worst case scenario. CRDO is an example. Stay in the game.

5% maximum is my exposure and my benchmark here in an individual position. When your gains start to accelerate, then you start to press them.

It only takes one stock that you are on margin that blows up and you are out of business and you are done. Avoid at all costs the fetal position. You are not heroic losing everything because you did not manage your risk.

Work the math; you can overcome a dramatic loss of 10% of your trading capital but a drop of 50% will take years to recover. Don't put all your assets in anything without understanding the worst case scenario.

You are foolish if you became a millionaire and lost it all because you thought it was easy. I am sure after doing this for over 3 decades, it is a favorable market environment not tremendous research and acumen I have provided. Make it, keep it with stops.