Time flies! You have completed another journey of Co-Wise: What habits help you become a better trader. Thank you all for your participation! In this topic, most mooers mentioned FOMO emotions, panics, and mistakes. When newbies first got in the market, they followed blindly, not knowing what they were doing, and made losses due to succumbing to emotions.
Will you get sucked into a BULL/FOMO trap when the market plunges? We must learn to stop emotions from getting in the way and take the upper hand in our decision-making. Successful tradings arise from constant practicing and establishing trading rules. Once your trading plan is created, you should be patient and keep plugging away. It would be best to grasp mistakes and be pragmatic to accept them and move on. Let's cultivate good habits to yield consistent results.
Now, it's time for the winning list of this topic. Let's enjoy the highlight moments together! Congratulation to all the mooers winning $Ford Motor(F.US)$ and $ContextLogic(WISH.US)$ stocks!
*The rewards will be distributed to winners within 15 working days—the ranking sortes in alphabetical order.
Part Ⅰ: High-Quality Post Collection
@Dadacai  Habits To Becoming A Better Trader
One of the key successful habits is to form a trading plan. As Benjamin Franklin rightly said, if you fail to plan, you are planning to fail. Don’t give in to the fear of missing out (FOMO). With practice and perseverance, we can all become successful traders!
@iSpyderTrader  Building Good Trading Habits
DO NOT try to copy someone else's idea as that works for them. You need to get insight about it and try it on your own. Practice makes perfect. Do your due diligence (research, articles, news, etc.) Trade with a positive attitude. Don't be greedy and take profits.
@JP GO  Set a rule that suitable your lifestyle
Trading have to link with lifestyle and set up a rule of it. More importantly is following it as a habit. I start from small amounts to test that if my thoughts/rule works for me and make some adjustments. I only allow myself to use 3 quarters, leave a last option for myself and I won't fear while look at the red numbers.
@mooboo  Habits that made me a better trader
For my value investing, I do a certain amount of due diligence before starting a position in any stock. I fight the urge every time I panic. Emotions are your biggest enemy in the stock market. Lastly, manage your risk well.
@TraderPeter  Be mechanical!
The risk and the size are highly correlated. Ask Why first. Knowing the why helps me to make quick decision without second guess myself. Only trade something that is liquid enough. Take profit early and often and let time cure the pain.
@bullrider21Nothing is foolproof
Always do your homework before you buy a stock. Don't speculate. Don't buy on rumours. Find out the support and resistance levels to determine your buying and selling prices. You must be disciplined. Don't be too greedy.
@Ganar PocoGood habits will make you a consistent winner
Trading Psychology is a mental aspect of trading. It involves things like how to control your emotions,  eg FOMO. After you have control your emotions & learned the importance of Risk Management. The next important aspect that will give an edge in trading is Strategy.
@Moo Top  My 117 days experiences
I am still figuring out what is my plan in investing and trading after 117 days in Moomoo. However, the following are what I gather from my experiences: Investment or Trading. Have an exit plan if trading. Value or Growth or Meme stocks. Trading is not everything. Have a life.
@Zann56  Overcoming emotions
Human emotions (Fear and greed) are inevitably involved when it comes to investing. I have made losses in the past due to succumbing to my emotions. To avoid such mistakes, I have learnt to adopt 3 strategies now. Invest in what I strongly believe in. Dollar Cost Averaging. Diversification.
@甜心0121  My Habits
For me personally, I hold on to these 4 habits to ensure consistency in my trading. Set goals. Manage risks. Research, research and research. Limit time and get a life.
For more engaging posts, please click Co-Wise: What habits help you become a better trader? to check. Don't forget to leave your comments and tell mooers what you've learned!
Part Ⅱ: Voting on the “Mentor Moo” Title
It's time for voting! Let's vote for the candidates to see who will win the "Mentor Moo" title. Whose post do you think is the best? Your vote means a lot to them!
Emotions and responsibilities could cloud your thinking. Deduction and objectivity could lead you to impulsive and irrational decision-making, resulting in more losses. It is not valid to trade based on feelings or rumors. Analysis and research should be trading fundamentals. Emotional trading may bring back some earnings, but rational trading is how you survive for a long time. Enhance your lifestyle with trading and follow the rules as a habit. Practice makes perfect.
Disclaimer: All investment involves risk. Neither Futu Inc, nor Futu SG, nor moomoo endorses any particular investment strategy. You should carefully consider your investment goals and objectives when deciding on an investment strategy. Past performance is no guarantee of future results.

$Ford Motor(F.US)$ Stock Giveaways
Trading habits are the routines and discipline one enforces in trading. To form trading habits, investors need to fully understand the market and know themselves. The good ones are built on the reflections of the past and the prospect of a better future. The power of habits is enormous because it unconsciously affects our behaviors, efficiency, and investment outcomes.
Aristotle said, "We are what we repeatedly do. Excellen...

Successful traders are those with successful trading habits. Luck can only carry one so far. One of the key successful habits is to form a trading plan. As Benjamin Franklin rightly said, if you fail to plan, you are planning to fail.
Here’s how to form a trading plan and execute it successfully.
1) Financial Analysis
Identify potential stocks $Apple(AAPL.US)$  $Meta Platforms(FB.US)$  $Microsoft(MSFT.US)$  $Alphabet-C(GOOG.US)$  $Alphabet-A(GOOGL.US)$  $Netflix(NFLX.US)$  $NVIDIA(NVDA.US)$  $Tesla(TSLA.US)$  $Rivian Automotive(RIVN.US)$  $Pfizer(PFE.US)$  $Moderna(MRNA.US)$  $BioNTech(BNTX.US)$  $Novavax(NVAX.US)$  $Medtecs Intl(546.SG)$  $Altimeter Growth Corp(AGC.US)$ by analysing the company’s financial statements and dividend track record. This is where financial ratios like gross profit margin, net profit margin, return on equity, current ratio, debt to cash flow ratio, net gearing ratio and dividend yield come in handy. Also pay attention to the current news that can impact the company.
2) Technical Analysis and 2% Rule
Study the charts. Use technical indicators to spot the trend. Identify the entry price, the price target for taking profit and the price to stop loss using support and resistance. Determine the risk-to-reward ratio (RR) and the probability of success (also called the percentage of winning trades). The potential reward should be at least three times the potential risk. Don’t give in to the fear of missing out (FOMO). In the words of Warren Buffett, “the stock market is a device to transfer money from the impatient to the patient.” The risk of losing money can be minimised by applying the 2% rule (each trade should not be more than 2% of the capital set aside for investment).
3) Control emotions and follow the plan consistently
This is probably the part where most traders fail. It is as tempting to hold on to winning stocks as it is difficult to let go of losing sticks but giving in to emotional impulses defeats the purpose of having a plan in the first place. Stick to the plan.
4) Positive Reinforcement
We become what we repeatedly do. Foster good trading habits by rewarding ourselves whenever we follow the plan consistently. This has nothing to do with the amount of profit or loss made in the trade. For instance, exiting a trade before the loss deepens to painful levels is a trading behaviour that should be rewarded despite not making a profit.
5) Review and Refine
Evaluate the trading plan for its effectiveness and finetune it to suit one’s risk appetite, financial needs, investment period and new developments in the market. There is no best trading plan, only what is suitable.
With practice and perseverance, we can all become successful traders!
Disclaimer: The above is my personal opinion. It is not financial advice or a recommendation to invest. Please consult a financial advisor before making any investment decision.
Check out Long Term Investment - A Strategy For Growing Returns Without Sleepless Nights https://www.moomoo.com/community/feed/107495017873414?lang_code=2

As I have read from some fellow Moo-ers, the most important habit we must learn is to stop allow emotions getting in and take the upper hand in our decision making. Once you let your emotion take over, you are not far from failures. I have learnt it the hard way, I am still holding $ContextLogic(WISH.US)$ at this moment because I FOMO and did not exit on time.
Here are some of the ways I help myself to develop a better habit, hope it can help you too.
1. investing regularly into the market. company such as $Vanguard S&P 500 Etf(VOO.US)$ and $Microsoft(MSFT.US)$ make a great long term investing. By keep adding in, you won’t miss the long run.
2. set clear rules and follow, it will help if you invest in companies such as $Tesla(TSLA.US)$ and $Shopify(SHOP.US)$, once the target price reached, just buy and sell accordingly. don’t not let volatility affect your judgements.
3. set a time to see the market, do not keep watch it go up and down, this way surely will bring emotion in the decision. So an hour after market open and an hour before it close should be enough.
Hope the above points helps in moomoo community to get great habits.

There are a few ground rules which I follow when it comes to trading.
First and foremost, I follow a system for everything. For my value investing, I do a certain amount of due diligence before starting a position in any stock. I look through articles, financial reports etc. before I decide if it is worth a buy. Similarly, for day-trading or momentum trading, I go in and go out of a trade solely based on technical indicators. When a system is followed, trades are consistent, and you know exactly what you're doing. You aren't just copying someone off Youtube. You aren't just buying because everyone is talking about it.
Second of all, I fight the urge every time I panic. Emotions are your biggest enemy in the stock market. Sometimes, when you followed your system but things go south, it may be tempting to panic-sell. When we're in this state, it's tough to make rational decisions. It is true that in some situations, for example, if a company is suddenly in a lot of trouble and its prospects are drastically affected, it may be a good idea to cut your losses. However, if your stocks are tanking because major indexes are falling, or because of FUD that's not directly related to the prospect of the company itself, then do think again. Distract yourself. Close the app. If you truly believe in the stock, you wouldn't be panicking. Warren Buffett has never tried to time the market. He is systematic and he does not let his emotions cloud his judgment. This is how it should be done.
Lastly, manage your risk well. Money management is important. I allocate a fixed percentage of my money to blue chips and ETFs. $Apple(AAPL.US)$ , $Berkshire Hathaway-B(BRK.B.US)$ and $SPDR S&P 500 ETF(SPY.US)$ are some examples. This is my retirement money. I also allocate a smaller percentage to riskier ventures like day-trading and momentum-trading. Finally, I allocate some percentage to stocks which have considerable risk associated with them, yet I am going to gamble on the long term prospects because I love what I see right now for these companies. These are mainly Chinese EVs like $NIO Inc(NIO.US)$ , fintechs like $Futu Holdings Limited(FUTU.US)$ and $SoFi Technologies(SOFI.US)$ , to name a few.
Do not be the one guy who puts 90% of his savings into day trading, only to lose half of it in a week. Manage your risk and your money well. While you're at it, know how to put a stop loss or a trailing stop on your positions if necessary. This is especially important for day trading.

Aristotle said: "Human behavior is always repeated over and over again. Therefore, excellence is not a single act, but a habit." I think the same is true in the speculative environment. Napoleon Hill said: "Success and failure are derived from the habits you have developed. Some people do everything, choose goals, and go all out. $SPDR S&P 500 ETF(SPY.US)$ $Twitter(TWTR.US)$ $Amazon(AMZN.US)$

Hello Mooers, welcome back.
In this discussion, I would like to share some of my habits in helping me to trade better.
When I open my $Futu Holdings Limited(FUTU.US)$ MooMoo app, the first thing that I do is to check the quotes of those stocks that I am interested in.
I will click on the 'Comments' section to get to know how Mooers feels about the stock. (Example: $AMC Entertainment(AMC.US)$ has Mooers fighting against the hedge fund almost everyday. The strong bonding between Apes and HODLing for fellow Apes. Together, Apes STRONG. )
Next, I will click on the 'News' section to get the latest news on the stock. This will help me to gauge if the stock have growth potential such as new innovative products and services coming. (Example: $Naked Brand(NAKD.US)$ enter the EV sector.)
After that, I will go to the 'Analyses' section to see how the trend for the stock. This help me to see if the stock is oversold or overbought and whether is it bullish or bearish. (Example: COVID concept stocks, $Moderna(MRNA.US)$ is bullish and rise 20.57% on 26 Nov 2021 Black Friday due to new COVID variant 'omicron'.)
This will follow by going to the 'Financial' section to view the revenue estimated by financial analysts. If the higher revenue estimates are supported by at least 25 financial analysts, the higher the accuracy of the estimates will be. (Example: $Advanced Micro Devices(AMD.US)$ has 29 financial analysts for their revenue estimates.)
Lastly, I will go to the 'Summary' section to view how many institutions is holding the stock and whether are there more institutions getting the stock too. (Example: $Apple(AAPL.US)$ has 4816 institutions holding it as on 25 Nov 2021.)
These habits have helped me to get useful insights about the stocks that I am interested in, and assisted me in my portfolio rebalancing decisions. I am thankful to $Futu Holdings Limited(FUTU.US)$ for coming out with these awesome features and looking for more in the future.
I hope that Mooers find my sharing useful in your stock tradings.
Before we end this discussion, I would like you to vote which section(s) that you will check them up and add into your trading habits.
That's all for this discussion. Please show your support if you like this post.
Thank you and see you all soon.

Well, there are tons of material from the professional gurus on how to become a successful traders. For me personally, I hold on to these 4 habits to ensure consistency in my trading.
1. Set goals. Life as a human is consistently making choices and setting goals, from the day we are born up to growing old. We perform better when we make goals for ourselves as they keep us motivated. Of course, we need to consistently review our goals. For me, I set a monthly goal to read 3 companies' annual performance.
2. Manage risks. Risk management is very important such as stopping losses and setting the profit limits. Of course, we need to incorporate other factors such as our portfolio size and how to control and balance these risks and rewards ratio with the right entry and exit point based on our personal computed intrinsic value. Without managing risk, it will become a gambling. Of course, one simple method is via playing etfs such as $Vanguard Total Stock Market ETF(VTI.US)$ $SPDR S&P 500 ETF(SPY.US)$ $Invesco China Technology ETF(CQQQ.US)$ $Vanguard Growth ETF(VUG.US)$ $Schwab Strategic Tr Us Small-Cap Etf(SCHA.US)$ $iShares MSCI Min Vol USA ETF(USMV.US)$and $Ishares Trust Ishares Core High Dividend(HDV.US)$
3. Research, research and research. Traders should have some basic understanding and knowledge on the traded stocks and its peers. It takes time to groom and all traders constantly learning from their mistakes and apply the learnt knowledge into future trades. Research will help and condition traders practicing a good habit even market is frenzy.
4. Limit time and get a life. Life is about balance. It is a good to designate a slot for slow down and take a break. This can rejuvenate attention and refresh ourselves. It's just similar to exams. Aside than trading, we need to have a healthy lifestyle as well. No point trading at your health risk.
How about yours? Do share with me too. 😊🍀

Stop timing the market! Take profits when you can.
The market will always fluctuate. Good things only happen when we least expect it. Just because the stock is dropping a lot doesn't mean it will rise the next day.
A lot of factors come into play. As long as you do your due diligence to research about the company, you will stay fine!
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Also, take profits when you can. Most of the time, stocks rise very high due to a sheer number of people trying to short it. After the short, the stock will start crashing. Take profits and leave. You are bound to feel disappointed when you see the stock continuing to rise but at least you know you earned.
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Lastly, if you are losing a lot in the stocks you are holding, do consider holding for long term or just reinvesting the money into growth stocks. It is always good to cut losses.
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$Sea(SE.US)$
$Tesla(TSLA.US)$
$Moderna(MRNA.US)$

There are many different types of traders: Day traders, Swing traders, Long term traders, etc.. Each trader type has different strategies that work for them. I am going to discuss good trading habits generally...
You can read many books, articles, etc. for building good trading habits. Many people will provide how you should go about trading and their experience (failure or success). The key is, this works nicely for them. They know the inner workings of their strategy. But if you try to replicate for yourself it may not work for you. So what do you do? Find someone else to follow, scramble, give up?
Well you may not have to give up, because that is the last thing you want to do. You need to prove to yourself that you can do this. Here are some tips that can help, hopefully:
1. Create a plan
2. Do your due diligence (research, articles, news, etc.)
3. Trade with a positive attitude
4. Don't act impulsively or react
5. Use stop-loss to limit from losing trades
6. Learn from your losses
7. Don't be greedy and take profits
From what I understand and this is what I have put in play in my account is to keep investing in small amounts (known as power of compound interest). Right now you will not see much return, but let's say 10 years from now it will grow dramatically. Then if you look back 10 years, you will realize the power of compound interest. To get successful in this part, you have to invest in well known & successful stocks like $Apple(AAPL.US)$,  $Amazon(AMZN.US)$, $Microsoft(MSFT.US)$, $Alphabet-A(GOOGL.US)$, $Netflix(NFLX.US)$, $Coca-Cola(KO.US)$, etc.. You don't need to buy full shares nowadays as many brokers allow you to purchase slices (which is a piece of a share). Now if you purchase in this manner automatically, eventually this will start growing fast. In addition, if stocks pay dividends, then you should reinvest in purchasing a piece of stock rather than cashing it out. This also helps as part of compounding interest.
The one note to keep in mind is not to be discouraged if you have a bad hour, day, week, or month. Keep investing as each day is different. Everyone has a strategy and that works for them. You should review their idea and see if it works for you. If it does not, you will have to make adjustments so that it works for you. Do some more due diligence (research, articles, news, etc.). Try to figure out what went wrong in your execution. Try again by making the required changes. If it does not work again, keep trying by making changes until it works for you. You will see that things will change and you will be successful. But you need to keep trying and not get discouraged on the first, second, third, etc. failure.
Okay, so I don't want to bore anyone out. In a short summary, the best way to build good trading habits is to do research on your investment, pick a strategy that works for you, execute it, and try to use the compounding interest method. This works well in my case as a conservative investor. I highly think that everyone can benefit from this strategy. DO NOT try to copy someone else's idea as that works for them. You need to get insight about it and try it on your own. This is what will make you successful. Practice makes perfect, which is the words you may have heard in the past. This is absolutely true. Hope this helps you out.
Please feel free to leave any comments or suggestions you may have regarding this subject. I am also more than happy to help anyone who might want to speak more about this subject or need any help.
Wishing you great success in your investments.