Trial By Fire

I developed a trading philosophy by getting my start in Crypto, where volatility swings are a mile a minute, and trading is 24 hours each day.
You gotta learn that just because your on-paper-value has shed $1000, you can't panic; Hold it tighter. If you can't comfortably hold it, ask yourself why you bought stock in a company you have no faith in. If you're going to jump ship at the first sign of a low tide, why did you want to take the ride?

I like to focus on dividend paying stocks, mostly in the energy and banking sectors because I don't believe they are going away any time soon.
I then reinvest my (admittedly meager) dividends. After, I put about 5-10% of my portfolio into high risk, high reward stocks. I don't always play the lotto, but when Indo, I'm prepared to sell if they reach new highs.