First and foremost, all of my actions follow a system. For m...

Co-Wise: What habits help you become a better trader?

Views 104K Contents 146

102140893ml joined discussion · Nov 26, 2021 11:08

First and foremost, all of my actions follow a system. For my value investments, before taking any position in a stock, I do a certain amount of due diligence. Before deciding whether it's worth buying, I will read articles, financial reports, etc. Similarly, for day trading or momentum trading, I only enter and exit based on technical indicators. When a system is followed, the trades are consistent, and you know exactly what you're doing. You're not simply copying someone from YouTube. You don't buy something just because everyone's talking about it.

Secondly, whenever I feel panicked, I restrain that impulse. Emotions are your biggest enemy in the stock market. Sometimes, when you're following your system but things go bad, panic selling may be tempting. It's difficult to make rational decisions when we're in that state. Certainly, in certain situations, for example, if a company suddenly falls into trouble and its prospects are severely affected, reducing losses may be a good idea. However, if your stocks are falling due to a major index decline or FUD that is not directly related to the company's prospects, you should definitely think twice. Diversify your attention. Close the applications.

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more

See Original

Report

621 Views

Comment

102140893ml

173Followers

6Following

54Visitors