One rule I always tell myself is to diversify. This basically means to not go all in on one stock but many stocks (so if one drops my whole portfolio doesn’t look like a graveyard). This is called risk management.
Diversifying can also include investing in different sectors as compared to putting all your cash in Bitcoin mining or EV companies only.
An additional rule is to have discipline and set entry and exits strategies and prices, and not “hope for the best”.
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