Review Trades to Shape Your Trading System
Hi, mooers! ![]()
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Has this ever happened to you? ![]()
After you bought a stock, its price started to go down. The price bounced back right after you let go of it. It seems like we are somewhat being cursed because the market goes against our moves. Have you ever thought of why this happened and how to avoid it? This article might help!
Spoiler: There's a chance for you to win points if you read till the end.![]()
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Writing reviews is one of the most effective ways to evaluate our past performance. A comprehensive review should include the assessment and analysis of your progress and mistakes. Reviews could be the basis for better planning and decision-making in the long run.
Please take a look at what @Jamesim said about reviewing trades: WHY DO YOU WANT TO REVIEW?
Please take a look at what @Jamesim said about reviewing trades: WHY DO YOU WANT TO REVIEW?
Tip 1: Record the actions and results![]()
You can write down your trading ticker, the P/L, transaction details like entry and exit points, order details like buying and selling prices, etc. Details of your actions and results are essential to the reviews and analysis afterward.
Check out the examples below:
Check out the examples below:
Tip 2: Write down your observations![]()
Apart from the records of your actions, reviews can also include observations. You can always reflect on yourself, the companies you are watching, or the overall stock market. If you are a daytrader, you can take screenshots of intraday charts and comment on them. Besides, technical indicators are helpful when you are trying to uncover patterns. We've found that most trading reviews concentrate on self-analysis and include little about the related companies and market sentiments. Let's see how to do it appropriately below.
"Leap of Faith with Leap Option Play" by @Moo Top
"Era of electronic car competition" by @Jamesim
"Leap of Faith with Leap Option Play" by @Moo Top
"Era of electronic car competition" by @Jamesim
Tip 3: Accept your mistakes and celebrate your progress![]()
With the records of actions and observations mentioned above, you can dig deeper to uncover the mistakes and progress you've made. In this process, there shouldn't be any hard feelings. We can celebrate and learn from both failures and successes. Reviews enable you to keep tabs on your growth as a trader and the weak links of your trade. Only by constantly improving yourself can you become more confident. An excellent example is as follows: Watch out Trailing Stop!!
Tip 4: Monitor and control your emotions![]()
Being indulged in emotions, negative or positive, could lead to impulsive actions. A review of your trade allows you to note down how you feel when encountering a specific situation. This practice enables you to accept and acknowledge the emotions behind every transaction.
Example to review your emotion "Lost by not entering, won by not entering too." @Moo to Moon FTW , and @Ganar Poco
Example to review your emotion "Lost by not entering, won by not entering too." @Moo to Moon FTW , and @Ganar Poco
Trading reviews are powerful learning tools. Writing them is part of the excellent mechanism that helps you discover what you want and what suits you the best. A couple of months later, you may start to uncover the patterns of your trades, which means your trading system is taking shape!
moomoo's trading notes allow you to record the details of your current position target and the profits and losses. It also records the number of stocks and the frequency of your trades within a certain period. Your review could become much more straightforward and precise with the trading notes. Let's take a look at how to use the "review" features on moomoo!
In addition, by reviewing your trade with moomoo, you will be able to exchange notes with other mooers. A friendly community vibe is what we encourage and appreciate. If you have any suggestions, please feel free to comment!
Nothing is too silly to be recorded in your review. Just write down what happened when you missed a trade because you were watching the latest episode of a Netflix series or you were busy talking to your sweetheart. Remember that the best time to start writing is now! Over time, writing reviews would improve your trading efficiency. The reviews could be your key to favorable trades if they're consistently and constantly updated.
Share your tips for reviewing trades and comment below, and we will select the top 10 users with the most likes to give away 88 points reward! ![]()
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Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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baby genius : nice
MsMolly : When a trade goes against your expectations, reflect on why it happens.
When I just started trading, I focus on a few stocks, but I learn the importance of diversification when a trade went against my expectations and I realise I was overly exposed to just 1 stock…
71274309 : My tips for reviewing trades:
1. Review the technical indicators you used. Was it really a good set-up based on the support and resistance?
2. What went wrong? Can you avoid this next time or was it really an unlucky loss?
3. Keep a track record and see what your success rate is for your strategy.
4. Never keep doing the same mistake and expecting a different result! That’s insanity!
Ganar Poco MsMolly: What happened multiple stocks went against u?
ErPFeng : OMG, that sounds like great advice. Hope we can stick with it from time to time
OFFICER TRUTH : There is already a lot of great insight here so I’ll just say this:
A good trader trades rules unconditionally.
Money is just a by-product of doing that well.
Being positive doesn’t mean that you have to be overly happy, cheerful, and optimistic.
It means that you cultivate perspective and allow wisdom to guide your life.
Starting out, strategy matters more.
Over time, psychology is the difference.
There is a way to experience difficult emotions as something other than pain and suffering.
Gratitude shouldn’t just be a reminder.
It should be a default mental state.
Dragonfly96 : Happened all the time, I have a problem get in early enough. And that a loss
TPine : still learning....
Weicl : Learn Learn
L A Jefe : My biggest problem is waiting too long to take my gains, so I can buy more on the dip.
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