I use my ISA accounts for shorter term trading. Some people set up watchlists, but because I use Trading 212, I like to actually buy a small amount of any share that is on my current hot list as there are no trading fees on T212.
Because I max out my ISA allowance every year, I cannot add more into my ISAs, so this means I cannot 'gamble' more than is in the ISA accounts (and I also keep at least half of my ISAs in more 'sensible' long-term ETFs like all-world ETFs or S&P 500 or NASDAQ, IITU, IUCM, etc.).
If I see the price of any share in my portfolio trending downwards, instead of selling 100% of the share, I will sell just a portion of it. For instance, if I have £1000 in Palantir and the price starts to dive, I will sell between 50% and 95% depending on how I feel about it's chances of recovery. If I think the shares were a 'one hit wonder' or that they are going to go to zero - only then do I sell 100% of them.
This allows me to keep an eye on all my 'potential' good prospect shares because they are still in my portfolio (albeit some at a low value of just £10 or so).
The shares that are on my current 'to buy' watchlist are (next week's possible buys are in bold):