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19 minutes ago, Komusha said:

I should have followed my gut and went in on GME earlier this week. I just don’t have enough to be risking it on meme stocks, so maybe being safe was the right call.


Let's be real here... You weren't wrong not to do it. What occurred was... not normal.

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I have an addictive personality so now that I’m into investing for the first time I totally get how people get hooked on the market. Even though I just buy and hold, I’m constantly checking in on my stocks several times a day. It can be a rush seeing one of my stocks rise! I definitely need to work on my self control now so that I don’t go crazy once my income level increases.

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59 minutes ago, Komusha said:

I have an addictive personality so now that I’m into investing for the first time I totally get how people get hooked on the market. Even though I just buy and hold, I’m constantly checking in on my stocks several times a day. It can be a rush seeing one of my stocks rise! I definitely need to work on my self control now so that I don’t go crazy once my income level increases.

 

It's all about fighting your emotions and being purely analytical, tbh

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4 hours ago, Komusha said:

I have an addictive personality so now that I’m into investing for the first time I totally get how people get hooked on the market. Even though I just buy and hold, I’m constantly checking in on my stocks several times a day. It can be a rush seeing one of my stocks rise! I definitely need to work on my self control now so that I don’t go crazy once my income level increases.

As long as you don't do stupid shit you should be fine. On red days I just don't check and do something else.

Also at least in my mind I have "real money" and "stock money". It helps me deal with 10k+ swings in my account and not dwelling on "what could have been if I did X". I tend to look at my invested money as a "flow" that hopefully generally moves in the right direction. If I believe in the company (and nothing disastrous happened to them) I don't worry. And have most of your money in broad passive indices to reduce risk.

The key thing is to have a timeframe. If you plan on using that money anytime soon, don't have it in stocks.

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