Disciplined trading and investing
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.
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.
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lingclass : Very driven! And well said :)