I’m working on a behavioural economics project about impulsive retail trading.
The idea is a tool that does not recommend stocks, but asks traders to define their reason for entering, maximum acceptable loss, target and holding period before placing a trade. Later, if they try to change the plan after a loss or sell prematurely because of short-term volatility, it reminds them of their original reasoning.
I’m trying to understand whether this solves a real problem.
Have you ever:
1. Entered a trade after seeing a tip on Instagram, YouTube, Telegram, Reddit or the news?
2. Entered without defining a stop-loss or exit condition?
3. Changed your original plan after the stock started falling?
4. Sold a profitable position early because you feared losing the gain?
Would a short reminder before placing or exiting a trade help, or would you find it annoying? What information should such a reminder show?
This is for an academic project, not investment advice. No personal or financial information is required.