Determine if you are a speculator or investor, long-term or short-term, TA or FA

There is no one-fits-all answer to this question. But the most important thing is that your losses are below your psychological tolerance line. Your mindset is broken, and God can't save you.

Money management is the key. Curb your greed and FOMO feelings when buying. Plan your trades to gradually increase your positions. Identify the worst-case scenario and mentally accept the biggest loss you can bear beforehand. Then trade your plans.

Also, newbies must buy assets they can keep. Such as index ETFs, blue chips, etc. Don't trade bare options. Leveraged ETFs are converted to double positions.

Regularly review whether the reason you bought it in the first place still exists.

1. TA to see if the high-level time window is in an upward pattern

2. The FA will see if the fundamentals have changed.