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Do you have a daily trading routine?
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Popular on moomoo joined discussion · Apr 15, 2022 03:31

Create a daily trading routine to avoid mistakes

Hi, mooers!
Do you have a daily trading routine?
If you don't, why didn't you create one?
What are the tasks in your daily trading routine?
How do you tailor a daily trading routine for yourself?
Create a daily trading routine to avoid mistakes
Tap here: Do you have a daily trading routine?
Tell us more about your trading routine!

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Duration: Apr. 15–18 11:59 PM ET
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  • Milk The Cow :

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  • birdiebrog : Hi guys,
    I don’t really use much TA for my trades as intend to hold them for the long haul. One thing which do regularly is to keep up on the latest stock market news and events that affect stocks, such as any news from the FED on rate hikes etc. It’s a fairly simple task as I usually read these news on my way to work while I commute. I find that people may be so fixated on short term days nowadays that they fail to do much long term investing. Long term investing is ideal for me as I don’t have the emotional allowance for day trading, and short term trading - even swing trading is extremely risky and difficult.
    I also comb through my trades every few months and I always assess how much capital I am willing to risk on each trade. I also set stop losses on each trade and I also will sell any profitable stock once it hits my target price - usually 30-40% is more than enough for me. I try to stick to my plan and I don’t rely on short squeezes or to the moon mentality for trading.

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  • Syuee : I leisurely enjoy my day and don’t rush to read my charts.

    I check for news and filter stocks by using following criteria -

    [undefined]Trend
    [undefined]Momentum
    [undefined]Cycle low or cycle high
    [undefined]Support and resistance
    [undefined]Higher timeframe trend or momentum

    Then, I will create a watch list. Everyday, I will add or delete stocks to match my criteria.

    I will trade only stocks from my watch list. I will also keep learning how to improve the criteria.

    And then, I will patiently~ wait and never force the trades.

    Impulse trading is a bad habit and a very bad practice, trading is a game of patience and we need to start mastering it.

    Have a solid routine in place and begin to enjoy the trading/investing process.

    Trading should not be something you are constantly feeling pressurized to get it right every day.

    There is opportunity all day, every trading day.

    If you want to be the best, you should eat, breathe and drink it. [undefined]

    The consistency of our trading routine will decide the time to reach our goals.

    Be obsessed with the trading process instead of goals.

    Fall in love [undefined] with the trading process, goals will take care of itself.  [undefined]

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  • cola1010 : A good trading routine will help any trader improve his results while allowing him to reduce his trading time significantly. Trading routine steps as below:

    Step 1: Your chart setup (to look at Charting vs. trade execution, Setting up Tradingview I – templates, Using templates for more efficiency, Create alerts to make sure that you don’t miss any important price behavior.

    Step 2: The weekend (to plan whole trading week ahead without having the stress of the moving markets, spend time to review trading plan)

    Step 3: The morning (to read daily dose of news, Overnight international trading activity, etc.)

    Step 4: The morning time on executing trades (Update trading plan, Reviewing past 10 trades)

    Step 5: During your trading day (sitting at a desk all day watching the markets since created the trading plan)

    Step 6: The evening (Journal trades taken, Managing trades and then prepare next day’s trading plan)

    [undefined][undefined] last but not least, hope everyone all the best in trading

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  • Milk The Cow Syuee : A like [undefined] for the cat 🐈 [undefined].

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  • Milk The Cow cola1010 : Ty[undefined]

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  • Syuee Milk The Cow :

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  • Shortcake117 Syuee : Love, love, love your advice. Hats off to the Day Traders, I couldn't take the ride they do every day. Love your approach. I'm still a newbie to trading, but I promised myself I wouldn't let it control me. So far, good. The buy and hold strategy is easier to do when you don't watch the ticker 24-7.

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  • Syuee Shortcake117 :

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  • HuatEver Syuee : Hi Syuee, is that your slow and steady strategy to win the Big race? Wise thought because panicky 😱 and impulsive trading gets you nowhere.

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