One of the hardest things about day trading for me has been managing my emotions.
When you’re in the thick of it, volatility can feel like a rollercoaster, and it’s incredibly easy to get caught up in the moment. I remember this one time I was trading a tech stock and it had just released some news, and the stock started spiking up. The FOMO from the Twitter hype hit me hard and I jumped in without all my usual analysis.
Big mistake. The stock’s rally was short-lived, and it plummeted almost as quickly as it had risen. I ended up panic-selling at a loss, and that whole experience taught me a crucial lesson about sticking to my trading plan and not letting emotions drive my decisions.
It’s not just about having a solid strategy, it’s equally about having the psychological fortitude to follow it.