Last Updated on May 2, 2022 by Chin Yi Xuan
Huge Warning: If you are here thinking of looking for a shortcut to milk money out of the market, this article is NOT for you.
However, if you are looking for mini-routine hacks to help deepen and internalize your learning, I think you will find this post surprisingly helpful.
Regardless if you want to improve as a long-term investor or a short-term trader, it will require skill development. Skill development though, demand for our time and experience.
For most investors and traders, one trade* typically transpires into a single moment of experience.
What if there is a way for you to turn a single trade into 5 times worth the experience. Interested?
*The verb ‘trade’ is used in this article to reflect a position that you take in the market, regardless if you are investing for the long-term, or trading for the short-term.
You will be surprised that there is no secret recipe here.
The key to amplifying your experience from every single trade you take is through a systematic post-trade learning routine, all of which I will share with you below:
Table of Contents
You did your pre-trade preparation and took a trade – that was 1x experience.
As a long-term investor, you placed a trade after doing your overall research on the fundamentals of a company.
As a short-term trade, you spotted this breakout pattern and placed the trade.
Either way, these transpired into ONE experience.
For most people, their journey ended right there – time to go and enjoy a good movie time, right?
What else is there for you to do?
Make detailed notes in your journal – that’s 2x experience
For me, I will write down WHY I took a particular trade.
As an investor, what are the characteristics and risks involved in the company that I’ve just invested in?
As a trader, what is the if-then context and price action setup that made me took that trade?
Putting my trades down into a journal makes doubled my experience with that particular trade.
Discuss trades with like-minded people/community – that’s 3x experience
One thing that I like doing is to discuss the trades that I took with like-minded traders and investors.
These are the people and communities that, to a certain extent, understand how I make trading/investing decisions.
As an example, they might notice a certain part of the company’s fundamentals that I’ve missed out on in a financial report.
As a result, I can receive feedback on what I’ve missed or maybe a certain perspective that I’ve not considered in that trade – which is extremely helpful.
Visualize your trades – that’s 4x
I can’t emphasize how powerful this routine is to your experience accumulation.
Replaying a particular trade in my mind – what happened, what went right and what could’ve been done better, contributed to my growth tremendously.
Visualization helps in reinforcing the right habit & execution in my subconscious.
In return, this will make my execution better if there are any similar opportunities in the future.
End-Of-Month Review – that’s 5x
Many investors and traders have the impression that once a trade is taken then there’s nothing left to learn for the trade.
However, that’s clearly not the case.
For me, reviewing my past trades every end of the month/quarter has been extremely beneficial.
Reason being, it helped me to again reinforce the good trades that I’ve executed and how I can do better moving forward.
Now, I know what I can do better with my breakout trades.
No Money Lah’s Verdict – Multiply Your Growth with Systematic & Mindful Learning Routine
Now, I want to end this conversation by pointing out the obvious:
Investing and trading are not easy to master. More often than not, it involves a deep learning curve that’ll take time to develop.
Hence, you will need all the feedback from the market to help you deepen your learning experience.
Good or bad, winning or losing, every trade is a learning opportunity.
In fact, every trade can be more than ONE learning opportunity. Using the methods above, and you can 5x your experience for every trade you take.
All you need to do is to just tweak your routine a little. For a 5x growth of experience per trade, I’d say the effort is pretty worth it.
Part of this article is inspired by the book One Good Trade by Mike Bellafiore. Bella is the founder of SMB Capital, a proprietary trading firm in New York.
He is one of my favorite trading coaches that I follow online which has been giving back tremendous value to the online trading community.
I found that some of his approaches to trading improvement, which has inspired me to implement and write this article, are equally useful in one’s investing journey as well.
im a beginner investor and is very interested in joining a community of like-minded people, may if the discord server above is join-able?
Hey Wesley!
Glad to hear from you and thanks for reaching out!
For the Discord community, it is built specifically for the people that have participated in my REIT investing live coaching session. This ensures that the topics discussed and the terminologies used will be familiar to everyone while ensuring that the community have the same expectations and the right mindset.
If you wanna find out more, definitely check out the link below!
https://nomoneylah.com/workshop/
Any questions, however big or small, feel free to ask! 🙂
Yi Xuan