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Co-Wise: What habits help you become a better trader?
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Good trading habits increase my winning rate of investment!

Financial markets are full of layers of appearances, and only the in-depth adherents can find the essence behind them. Rather than distant goals and empty slogans, I believe in down-to-earth efforts. Good trading habits are the key to successful investment!
In daily trading, I benefit from five principles: double-checking, planning, summarizing, decisively stopping losses, and controlling positions.
Digital trading makes investment more convenient and quick, making investors prone to operational errors and even transaction failures. Therefore, you must carefully check the settings, pay attention to the trading calendar and current affairs, and adjust your trading strategy regularly before trading. People who are not good at translating will make mistakes repeatedly. So be careful to crack after trading, keep the good habits and discard the bad ones. In this way, we can make a breakthrough. $Ford Motor (F.US)$
Good trading habits increase my winning rate of investment!
1. No fantasizing
Don't do trends that you don't understand. Newbies often "rationalize" abnormal movements. This rationalization assumption to avoid the pain of cutting loss is fatal. Stopping loss is the most important habit that we need to master when entering the market. $Tesla (TSLA.US)$ $Lucid Group (LCID.US)$
2. No lucking
Fluke is the natural enemy of stop-loss but also the direct cause of significant losses. If we cannot accept the slight loss in investment, we will not enjoy the shock brought by the substantial profit. In trading, the loss is just the price we have to pay to win.
3. No gamble
Experts will never bet against heavy positions in the market, they will only gradually increase them in a planned way as the trend develops, and long-term profit is the winner. Position control in the transaction can directly reduce risks and control our minds. $AMC Entertainment (AMC.US)$
4. No arrogant
Compared to the vastness of the market, a trader has no reason not to be humble. The more you feel good about yourself, the less likely you will admit your mistakes, and the harder it is to persuade yourself to stop losses in time. The probability of success in emotional trading and passive investment is tiny. Investors need to strictly plan when to enter or exit the transaction to avoid arrogance and make unfavorable decisions. $Nasdaq Composite Index (.IXIC.US)$ $S&P 500 Index (.SPX.US)$
5. Be alone
Investors must keep an independent mind, whether buying low and selling high or high or selling high and selling higher.
The above is my sharing on trading habits; I hope it can be helpful to you.
@GratefulPanda @HopeAlways @Night trader @老Uncle @Smart Jerry
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