Mooers' Strategies: Habits to Become a Better Trader
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.
*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!
@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.
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.
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.
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.
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.
@bullrider21 Nothing 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.
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 Poco Good 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.
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.
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.
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 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.
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!
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.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Meta MooOP : Congratulation to all the winners
NANA123 : Good habits do make me a better trader
I have learned a lot, thanks for your sharing
Dadacai : Thanks very much and congrats to all the other winners!
Happymoooooo Dadacai: You are my idol! Thank you for your thoughts about forming habits
Dadacai Happymoooooo: Thanks for the kind praise but I’m also a learner myself. Let’s all learn together and become financially free.
iSpyderTrader : Congratulations to all the winners...
Thank you so much.
Everyone had great and very useful information. Best of luck trading.
Celestinel : Congratulations to all the winners, emotional trading may bring some benefits, but rational trading is a long-term survival, I learned it, thank you for sharing
bullrider_21 : Congrats to all the essences
Thank you very much. Everyone had such insightful views.
Mittchell : Congratulations, I also hope that I can win the prize next time
GratefulPanda : Congratulations all winners!
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