How to build good trading habits?
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. Excellence, then, is not an act, but a habit." Confidence in trading is built on continuous repetition and constant reflections. Once effective trading procedures are ingrained, investing could become much easier than before. Let's plan your trade and trade your plan!
Strict discipline and good habits are vital to successful investment.![]()
If you trade randomly, you may feel like losing control and difficult to make profits. Trading habits are built on trading styles, market conditions, and trading rules, so they should be scientific and flexible.
Do day traders hold orders overnight?
What should I do when trading is not going well?
Should I follow everybody else to buy the popular stocks?
If the loss margin is getting bigger, should I stop loss or hold?
What should I do after trading irrationally?
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How do you deal with these issues? What are your trading habits? How do you develop them? What are the outcomes? Please discuss with us at What habits help you become a better trader? Share the good habits you've built in practice. ![]()
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1. Free Stocks
We will select 10 featured posts based on the quality, originality, and user interactions of the posts. The top 5 will get 1 FREE $F share, while others will get 1 FREE $WISH share.
2. Points
Posts with a minimum of 30 words will be rewarded with 66 points.
*The above rewards are mutually exclusive.
Event duration: Now – Nov 30, 2021 11:59 AM ET / Nov 30, 2021 11:59 PM SGT
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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NANA123 : think independently is very important
rich in future : There is risk in every trade and how a trader manages this risk will largely come down to their personality type and trading psychology. When faced with fear, most people will adopt a fight or flight response. When this happens in trading judgement and performance is impaired.To eliminate fear or remove the emotional aspect of trading you have to incorporate practices that make you more disciplined.
NANA123 rich in future:
NANA123 rich in future: You can click the link and share your idea
https://www.moomoo.com/community/discussion/412614673
I will share my thoughts later
Juxcy : I always think twice when I key in my buy/sell price, and think thrice when clicking the trade button.
Strik57 : I e learned not to trade on emotions n do your D&D.all stock has been up n down n people sell to quickly.patience is best.my opinion
71780680 : Ione of the best lessons is buying a stocks too hi . Everyday you look at your portfolio it's a reminder of what not to do again. second follow your gut not people.
jake Nho NANA123: I've always wanted to ask, how can we avoid being affected by market sentiment
freedomLY : Always plan what’s your target price to buy/sell. Take out the emotions out of trading and stick to your plan. Go in once your target buy reached and Exit once your target sell reached. Don’t try to follow the market
Miao85 :
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