How to set up your own trading system (1)
$iShares China Large-Cap ETF(FXI.US$
$Tesla(TSLA.US$
$Apple(AAPL.US$
$Occidental Petroleum(OXY.US$
When they see a rise in stock, they want to catch up; when they see a decline, they panic; or they buy it after listening to a recommendation from a friend or Big V, and have made a happy profit, but have lost money because they are frustrated but don't know why. I'm sure many of you have experienced this. Greed and fear are human instincts. It is said that the hardest thing about investing is to overcome human nature. If you want to maintain a good mindset, you can't just rely on strong and excellent psychological qualities to fight against human weaknesses; you also need to have a perfect trading system of your own. So how do you do that?
1. First, you need to understand your investment style
1. Appropriate investment cycle. Are you good at short-term investments or long-term investments?
2. Type of investment. What is the expected return and the maximum acceptable loss, conservative, or aggressive?
3. Investment preferences. Are there any industries or fields you are familiar with; and when selecting specific stocks, do you refer to fundamentals or technical aspects?
Understanding these issues can better help us build a trading system that matches our own style
2. Establishing a trading system means that you should understand these issues before buying stocks, including:
1. Why buy it? What is the basis and criteria for selection? (Select target)
2. Investment period? A week, a month, a year or more? (Confirmation cycle)
3. At what price do you buy it? How many percent of the position should I use to buy it? Buy once or in batches? (Profit to loss ratio, position management)
4. When will it be sold? How many strategies are there to deal with different market situations? How can I opt out? (Take Profit Stop Loss)
Investing actually starts the moment you make a trading plan, not a purchase. If you can seriously understand the above issues before every transaction, I believe everyone can be much easier and calmer in the face of market fluctuations.
Recently, I had the pleasure of following my mentor's video studies and began to gradually establish a trading system. Only then did I discover that in previous transactions, I often followed suit blindly, and basically had no judgment on my own. However, this year's investment is clearly more difficult than last year. It is better to quickly improve your trading system, calm down, study hard, and become a mature and successful trader.
Happy trading!!
$Tesla(TSLA.US$
$Apple(AAPL.US$
$Occidental Petroleum(OXY.US$
When they see a rise in stock, they want to catch up; when they see a decline, they panic; or they buy it after listening to a recommendation from a friend or Big V, and have made a happy profit, but have lost money because they are frustrated but don't know why. I'm sure many of you have experienced this. Greed and fear are human instincts. It is said that the hardest thing about investing is to overcome human nature. If you want to maintain a good mindset, you can't just rely on strong and excellent psychological qualities to fight against human weaknesses; you also need to have a perfect trading system of your own. So how do you do that?
1. First, you need to understand your investment style
1. Appropriate investment cycle. Are you good at short-term investments or long-term investments?
2. Type of investment. What is the expected return and the maximum acceptable loss, conservative, or aggressive?
3. Investment preferences. Are there any industries or fields you are familiar with; and when selecting specific stocks, do you refer to fundamentals or technical aspects?
Understanding these issues can better help us build a trading system that matches our own style
2. Establishing a trading system means that you should understand these issues before buying stocks, including:
1. Why buy it? What is the basis and criteria for selection? (Select target)
2. Investment period? A week, a month, a year or more? (Confirmation cycle)
3. At what price do you buy it? How many percent of the position should I use to buy it? Buy once or in batches? (Profit to loss ratio, position management)
4. When will it be sold? How many strategies are there to deal with different market situations? How can I opt out? (Take Profit Stop Loss)
Investing actually starts the moment you make a trading plan, not a purchase. If you can seriously understand the above issues before every transaction, I believe everyone can be much easier and calmer in the face of market fluctuations.
Recently, I had the pleasure of following my mentor's video studies and began to gradually establish a trading system. Only then did I discover that in previous transactions, I often followed suit blindly, and basically had no judgment on my own. However, this year's investment is clearly more difficult than last year. It is better to quickly improve your trading system, calm down, study hard, and become a mature and successful trader.
Happy trading!!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
101502463 : Can you share the video?
我们会瘦的 : Thank you for sharing.
Chuan Zhao : Thank you for sharing.
肥肥DOTOM : Stick to your own trading model.
Talklili : I think knowing your investment preferences is crucial.
Mr RayLiang : If you stare at the plate tomorrow, you must control yourself.