It's not just that it's a new year, it is time I change how I do things.
Hold and hope is history!
Hold and hope never works for me in either direction; when a stock goes down thinking it will come back AND when I am up on a stock $200+ but it didn't hit MY target price yet. Neither one has worked so I will sell quickly for small losses and $100+ gains if the stock hesitates and starts to come down.
In the past I would chase what others were buying and profiting on. Now, if I'm not comfortable and have not mapped out good support and resistance then I will let it go.
I have already seen changes in how I trade when I remind myself of this.
I remind myself of the "definition of insanity: doing the same thing over and over and expecting different results." That is why I'm changing things.