Always take notes, for trading - New feature update
Hi Moomooers!
I am Richard, product manager at TeamMoomoo. Recently we did something BIG.
Well, not that big honestly, but I hope it's meaningful and useful to all of you.
The thing is, we deliver a new feature in Moomoo, it's Trading Notes. And I would like to share my thoughts and story behind Trading Notes with you guys.
The thing is, we deliver a new feature in Moomoo, it's Trading Notes. And I would like to share my thoughts and story behind Trading Notes with you guys.
Why do we coming up with the idea of Trading Notes?
Enter the trading password and unlock my account...
I kept asking myself,
"Is it time to buy the dip?"
"Will it move up after 3 secs hesitation?"
"It's moving oddly, should I cancel the order?" ...
I gritted my teeth and pressed 'Buy' with trembling.
A few seconds later, I received a deal reminder. With a sigh of relief, a thought flashed through my mind, "Why not take notes?" Review is the only way for every investor to grow!
Firstly, open an excel;
Secondly, set up time, ticker, buying or selling, price, quantity, general trend, the reason for trading;
Thirdly, format it;
Lastly, save it by name ...
Secondly, set up time, ticker, buying or selling, price, quantity, general trend, the reason for trading;
Thirdly, format it;
Lastly, save it by name ...
After rehearsing in my head, I gave up. Too much trouble for taking notes! I can do it for one time, but it's definitely not the best way for long term recording.
Such thing happens. It reminds me of various types of trading notes or journals I have seen before. Everyone take screenshots and PS, or create a form, try to record thoughts in trading and transaction result, and keep it in personal files or post to social media...
Are there no other simple ways to take trading notes? Must it be so time-consuming and laborious? No, this does not make sense.
"If someone helps keep my transaction information, and what I just need to do is to write my reviews in 2 minutes, how convenient it would be!"
As a product manager, can I deliver a feature that allows everyone to take trading notes in an easy simple way?
"Try it out!"
The development of Trading Notes
To build a useful trading notes feature, the first thing we need to figure out is what a good trading note is.
We dug deep into a lot of investor forums and communities, read all kinds of trading notes and journals, then analyzed, sorted, and summarized what kinds of trading notes are needed according to different kinds of investors and investment methods, such as Long-term value investment, short-term technical analysis, and high-frequency trading.
Having intense discussions and repeatedly overturned the plan with the team, we got an answer in our head. The big picture painted in our minds and we decided to take the first step: Make transaction records sharable.
Share transaction history doesn't sound complicated at all, screenshot works, but we want more than that:
-We want to offer you more than just a dry record. We add rating, emoji, and words to allow you to review your trading more intuitively. Visitors can also like and comment on your transactions.
-We want your records in the notes to be unforgeable since it's sharable. With the support of our trading team, transactions inserted in the Trading Notes are not pictures, they are 100% real transactions and orders happened in Moomoo.
-We want to let you know under what condition the transaction happens. With the support of our Quotes team, transactions inserted in the Trading Notes show respectively which point did you placed or filled in that day, the market highs and lows are clear at a glance.
The road to perfection is bumpy. Multi-team cooperation is a challenging task. I want to shout out to our engineers who worked overtime to make it come true. As some of you have already known, the first phase of Trading Notes was finally launched in February!
How to take Trading Notes?
There are 2 entries:
1. Stock -> Comment
2. Moo community -> Post.
When you pull up the editor, you will find "Transaction / Order" in the editor.
Select the transaction/order you want to share, rate it, choose an emoji, then write down any thoughts in your mind, done. You just complete a simple, smart transaction note and it is on your feed!
Please keep in mind that this is only the start of our Trading Notes Plan, we will continue to build the Trading Notes to cover more trading scenarios and records.
Please feel free to let us know your experience and feedback, you can leave comments below.
Please feel free to let us know your experience and feedback, you can leave comments below.
Small quiz at last:
Do you know the difference between Transaction and Order when taking trading notes?
Do you know the difference between Transaction and Order when taking trading notes?
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Knulp : Big shout out to TeamMOOMOO
TejadaYox : Love the app! Keep up the good work
Team moomooOP TejadaYox: Noted! Thanks for your support
Team moomooOP Knulp: 'Do the right thing, not the easy thing'
ithrivemach : I am switching over from Robinhood. MOOMOO is better.
Life not simple : Transaction is order filled
31dragon : Good but if got videos demo that will certainly be helpful. Keep it up
小子無名 : Keeping notes is a good idea. Who would have thought?
Marilyn_ : :D I’m doing the Excel route now. Let me get more used to the platform and I’ll fool around with notes.
102641757 : Fully agreed
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