My theory is this, if anybody gives you a tip on how to invest better in the stock market, just smile and shake your head approvingly. But don't actually consider the suggestion for more than 2 seconds.
Here's why: Any Pro-Tip that somebody tries to give you can be both helpful and harmful. Everything is a dual-edged sword. You can hear various phrases that people will say, and at first they might make sense, they could even appear to be a “no-brainer”, but later you'll realize that if you actually followed that advice with your most recent trade/investment, you'd have lost.
In fact, this concept goes even deeper.
Literally every single decision that you've ever made about buying a stock, selling a stock, shorting a stock, whatever, literally everything that you've ever thought about relating to the stock market can be both right and wrong simultaneously.
You can second guess EVERYTHING.
So, stop beating yourself up over the various mistakes that you've made. Also, stop patting yourself on the back so much after you make a profitable move.
It's taken me awhile to come to this level of understanding about it. I would spend tons of time going back over all my past decisions, trying to point out why I got something right, or why I got something wrong. I've now come to the conclusion that all of that is a massive waste of time. It's all meaningless. Everything cuts both ways.
When you make a decision in the stock market world, you just have to live with it, and thinking about how things could have been if you went a different direction is just going to cause you unnecessary grief. Just own every decision you make. You know that you're going to make some awful decisions that are going to cost your portfolio dearly. You're also going to make some awesome decisions that are going to help your portfolio immensely. Just hope you do a bit more of the latter, but don't spend a second beating yourself up about the former.
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