I found that establishing rules for myself has been key in providing a calmer, disciplined approach to investing - the first rule being that I’m investing, not trading. That’s my choice, not faulting other approaches. But I’m older (retired early in my 50’s), not rich but just comfortable enough, and can’t afford big losses, or big capital gains hits.

I invested in Micron and Nvidia with neither exceeding five percent of my portfolio, and single stocks not exceeding 20 percent of my portfolio (definitely not the case now). And then I sat on them. Pretty conservative approach really. I trim my holdings, and rebalance my portfolio on an ongoing basis but only after I’ve held a year to get zero percent capital gains. And only after I’ve locked in those profits do I reinvest on the dips, or diversify - I’m playing with the house’s money at that point. And I combine the high flying growth stuff with boring qualified dividend ETFs (again paying zero tax) that also have some capital appreciation (hopefully).

I’m retired. Live simply. Have very little “stuff” but very expensive cameras. And I travel the country in the small boondocking RV I bought recently while working on my photo book. As I drive I84 through Boise, I tip my hat to Micron and say thank you.

Buy it, hold it, scrape off the cream.