First, and most importantly, I follow a system for everythin...
First, and most importantly, I follow a system for everything. For my value investments, I do a certain amount of due diligence before starting a position in any stock. I read articles, financial reports, etc. before deciding if it's worth buying. Similarly, for intraday trading or momentum trading, I only enter and exit based on technical indicators. When a system is followed, transactions are consistent, and you know exactly what you're doing. You're not simply copying someone from YouTube. You buy something not just because everyone is talking about it.
Second, every time I panic, I restrain this impulse. Emotions are your worst enemy in the stock market. Sometimes, when you follow your system but things go bad, a panic sell-off can be tempting. It's hard to make rational decisions when we're in this state. Admittedly, in some situations, such as if a company suddenly falls into trouble and its prospects are seriously affected, reducing losses may be a good idea. However, if your stock is falling because the major stock index is falling, or because FUD is not directly related to the company's own prospects, then you must think twice. Distracts you. Close the app.
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