Recently, made some bad trades for a lot of money and been feeling regretful. I got too impulsive and got swayed by dollar signs. Then reality hit the next day and I realized i made a mistake. Was wondering if there are any stock traders here who can relate? What can I do to become a better trader?
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Discipline... have a plan and a stop loss ... never risk more than you can afford to lose. Also trade in a style the fits your life. I swing trade most of the time because it is low pressure and volatility. On Thursdays and Fridays if I can find a good option trade I maybe take it if it fits my parameters. .... Diamond hands and HODL are not trading plans .. ( full disclosure i do own GME ) but you must still have a plan. ... Remember Warren Buffets quote " the stock market is a mechanism for moving money from the impatient to the patient" .. or something like that. Plan ,study and don't jump into anything that you haven't looked at throughly. There will always be another trade , but money lost is hard to get back.