Your biggest rival in the stock market is you.
The stock market trap:
Has the stock market ever been easy? No.
It has always been challenging,
But over the years, I've improved in one thing: the ability to separate my emotions from the market.
Once, my emotions were a "copy-paste" of my portfolio's status.
When the account grew, I was excited; when it crashed, I collapsed with it.
Today I understand that 98% of those involved in the stock market struggle to separate the market from their emotions, and I fully grasp how critical it is to do so.
Don't count your money in the middle of the game. A professional gambler doesn't count their money mid-game. If you start obsessing over how much you've gained or lost at this moment, you'll stop playing with your head and start playing with your emotions.
The market is no different. A month ago, you suffered from FOMO (fear of missing out), and now you're suffering from the money that disappeared from the peak.
These are natural human emotions, but you must not get drawn into them, because they don't help your investments.
Thoughts like "if only I had sold a month ago" are useless and a heavy burden on your investment career.
Instead, go back in time.
When the market is tough,
The correct action is simple:
Go back to the reason you bought in the first place.
If you bought because of the company, look at the company again. Has anything changed in the company?
Is this night different from all other nights?
If you bought because of the trend, look at the trend again. Has anything changed in the trend?
The amounts erased from the portfolio at the peak are not a basis for investment; they are just numbers and emotions.
Investing or trading should not be done out of emotion. What you need is patience, composure, and the ability to separate the market from your daily life.
Your biggest rival in the stock market is not the market, not the news, not Trump, not Iran, and not all that background noise, but yourselves.
The market will try to take your composure long before it takes your money. Protect your peace of mind in any situation, and the market will never be able to defeat you. Become invincible; that is the secret of the greatest.
You must accept the fluctuations in your account, but you must curb the fluctuations in your mind at all costs. This is the weakness the market exploits to defeat you.
How does the market defeat you?
It captures your emotions, your composure, your judgment, long before it takes your money. In fact, this is precisely the manipulation through which it operates to drain your money and deceive your judgment. The main difference between those who succeed in the stock market and those who lose is the power to keep their minds stable even when their portfolio undergoes severe fluctuations.
Good luck...