Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
How do you spend non-trading days?
Views 25K Contents 228

$Tesla (TSLA.US)$ $Apple (AAPL.US)$ $UMS (558.SG)$ $Camber E...

$Tesla(TSLA.US)$
$Apple(AAPL.US)$
$UMS(558.SG)$
$Camber Energy(CEI.US)$
Non trading days are no different compare to any other days. As I believe most of us are not a full time trader, thus we have own daily routine activities like,
- going to work
- doing housework for housewives
- exercise after work/ or during our free time
- spending time with family

But beside all these, I encourage new traders to spend a few hours of their time to review their portfolio or trades done over the week.
Keep a trading journal may help u to improve trading or realise your mistakes.
The journal record may include the reason for u to put on a trade.
> Is it due to FOMO?
> following the tip from someone?
> do u avg down on a loosing trade?
> trading better in pre/intrady/post market?

Your observations on the movement/trend/TA/pattern on the various stocks.
> does stock that squeeze usually die off quickly?
> when does a stock do well using TA, when it volatile or consolidating?
> what can a catalyst do to a stock?
> do u trade well in Big cap or small cap stocks?
> do day scalp or swing trade suit u?

I think during non trading day is the best time for u to reflect/review your trading strategy, portfolio & do your next week trading plan.

Lastly, my advice to new traders,
- trading is not as easy of a press "BUY" or "SELL" button.
- don't follow tips,  do your DD before trading. If u insist,  do in small size.
- learn what is Risk Management .
- learn what is trading psychology.
- better not to start off with day scalping.
- start with stock with less volatility, Big cap stocks.
- doing swing trade for practice with small size.
etc....

Guess most people learn it the hard way, blowing their account in a few weeks or months. Trading is a mental game that make u realise the weakness of your mind. Hope you overcome it & become stronger, both in trading & daily life.

👍 or like 🤗
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
1
2
31
+0
Translate
Report
29K Views
Comment
Sign in to post a comment
    Patience, React, Don't Predict
    1513Followers
    18Following
    3668Visitors
    Follow