2020 has been an ASS to put it in the shortest terms possible without using numerous cuss words not suited for children under 13 years of age.
As a trader here on Moomoo, I feel I've learned the most from interaction with these people I've listed but I have also learned a lot by doing thorough research on my own. It took me about 6 months to learn about EDGAR and insider trading. A tool I feel is one of the best I have found. I must also make an honorable mention to
@Treydon Gui for posting the information concerning the RSI chart. However, I still have much to learn after almost a year of being involved in trading; one of the most important being when to sell to avoid loss.
I cannot name a stock that I have truly benefitted from but there are quite a few that caused me great consternation. FLL, AYTU, PEIX, PLTR and most recently MARA have all ended in either losing or break even trades for me. This is not about the stocks themselves, but rather, my ability to make a profit from them. That goes back to learning when to sell to make a profit.
The largest thing that has affected my trading doesn't have anything to do with anyone here, any stock, or any action by Moomoo and it's staff. It is all about the other things in life that just simply go wrong and are out of a person's control.
I started trading with $600 and currently have less than $150 in my account. I can boast a total gain for the year of about $60 but the money needed to be removed to contend with life's challenges. Perhaps if I had learned how to make money more efficiently here my situation wouldn't be so disappointing. We can never go back and change those things that hindered us. We can only hope the future shows us more kindness.
That said, I remain optimistic about the coming year. Taking the things I have learned from 2020 and creating a plan for success is the first step. I sincerely hope you all will stick around for what is to come and that we all see a profitable 2021.
I'm not posting this to win free stock or points and I certainly do not want any titles added to my name. I am Clownarado and shall never change or add to it for any type of prestige or other reasons!
The one thing I could really use is a better way to clean up elephant poo!
I will do my best to share my success with everyone and try not to dwell on the failures. If by chance along the way I have managed to bring a smile to your face or just caused you to look at things a bit more positively then I feel I have succeeded in at least one small way. I will always cherish the relationships I have made here as well as those to come.
One bit of advice I have for you all is don't be afraid if a clown happens to cross your path! We are quite harmless.
Additionally, I'm going to fill the tires on my clown car with helium to see if that helps.
HAPPY NEW YEAR 2021
JP88 : We'll get there, buddy. I had quite a few growing pains in 2020 as well. I made some really bad buys over the summer and have been slowly recouping my losses since. The Moo community is the best and I'm happy to be a part of it! Here's to a greener 2021!
ConchTrader JP88 : It’s got to be better than last year. We will all do better , Happy New Year!!
N3RT : i feel you man. i had some teribble losses after one year i started onvesting in march with 150, and ive done my dd as well as took some advice from others and ive now got 600 in my acct. looking froward to 2021 and the moomoo community
pennypincher : this has been my first year trading as well and even though I've made some good money on some trades I've lost even more on some bad trades. the one thing I've noticed on most bad trades as I followed them after selling for a loss is that the only thing wrong I did was sell. I would say 90% of them came back up in less then a week. the best lesson I've learned is dont invest what your not willing to leave there til you see green and and just have patience.
chgocal123 : Happy New Year
Trippy Seraph : Something that has helped me when I make an investment is asking myself (1) is this a company I believe will be here in 5 years? (2) are they doing something that other companies aren’t? (3) does the person running have a good pedigree and know what they’re doing? If I can answer yes to all 3 questions then I feel comfortable that my money will grow, maybe not fast but I’m not playing a short game anyway. If you get a chance you should find Rex Finance on YouTube. He’s 19 years old and has a gift. His portfolio is up like 900% and up over 100k. His motto is invest for the long term but hope for short term gains and that’s really how I’ve been investing since I started. One thing about Rex Finance that I like is if he’s making a video about a stock then he is personally invested in it. If someone trusts their own money in a stock then I can trust what they’re saying. Now I’m not saying to follow him blindly. Always do your DD. Anyway, I hope this helps.
Clownarado OP pennypincher : Patience is definitely the hardest test to pass. I thought I had plenty but there's a few times I've done the panic sell thing. It'll get better!
Clownarado OP Trippy Seraph : Great info, THANKS!
Babylegs : Well said. The stock market is filled with amazing opportunity but it will definitely put you through the ringer when youre initially learning... Itll have you arguing with yourself like youre the star of Fight Club. @pennypincher mentioned something in the comments that everyone reading this should take into consideration... that is one of the biggest mistakes made by investors (There is a time when you should take your losses and move on, but if you just bought in and it goes down 2 days later, it is not the time).
Anyway, I wish you and everone else reading a bountiful 2021 and beyond!
treydongui pennypincher : great point
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