Start what Gurus (ETFs) are buying
As a newbie trade investor who started early this year, I felt lost when I see thousands and thousands of stocks listed on NASDAQ/NYSE. Many of which i have not even heard of. I googled for ideas where and how to start. One of which I chanced upon is copy trade from Gurus (EFTs) such as Bershire Hathaway, Ark EFTs, Bill & Melinda Gates Foundation Trust to name a few.
However, in reality, it’s impossible to buy the stocks. It helps in giving you a laundry list that you can further shortlist to the ones that you may afford and comfortable to invest your money in.
In moomoo, you can click on Summary and scroll down to see stock composition for that EFTs. An example as follows.
However, in reality, it’s impossible to buy the stocks. It helps in giving you a laundry list that you can further shortlist to the ones that you may afford and comfortable to invest your money in.
In moomoo, you can click on Summary and scroll down to see stock composition for that EFTs. An example as follows.
Other than these, moomoo also have ranked portfolios that you can reference to by Daily gains, Monthly gains, Total (To-date) gains or Most fans. Below is available on laptop/pc version. I wish I can get this on mobile too but I can’t seem to find other than those in Paper Trades. Only meant for reference but not copy entirely.
While you shortlist stocks to buy and do your due diligence/research, it’s imprtant that you also learn to do basic Technical Analysis (TA) to identify buy (support/low) and sell (resistance/high). Here’s a Youtube video that got me started on TA from the Trading Channel that is easy to grasp basics https://youtu.be/eynxyoKgpng. There are also tons of Moomoo tutorials that you can view at your leisure time too.
I would end my story with Warren Buffett’s two rules of investing. Rule No. 1 is never lose money. Rule No. 2 is don't forget Rule No. 1.
I hope to make less mistakes in my stock trading journey.
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