Co-Wise: What push you to press the "trade" button?
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alaric
Excellent Contributor
joined discussion · Oct 27, 2021 23:36
What made me trade: Inflation!
It was only when I learnt about inflation, that I realized that leaving my money in the bank isn't the best option. The interest paid by banks is nowhere near inflation rates, which is why people have started investing in other assets, be it stocks, cryptocurrencies, real estate etc.
I got into stocks and started learning to do due diligence, and that included learning how to read a balance sheet and picking out important metrics - P/E, free cash flow, revenue growth, EPS etc. I also learnt about technical analysis, and how I can use different indicators (RSI, MA, EMA) to decide on an entry/selling point. With these tools, I slowly learnt to invest. Moomoo's interface is amazing as it isn't just a trading platform but also has very useful analyses about each company! I applaud you guys for that!
alaric
OP
ramenbowl
:
Well I said I'm looking closely at them! To clarify, most of my positions are in $Alibaba (BABA.US)$, $JD.com (JD.US)$ and $PayPal (PYPL.US)$. Also got in early for $Tesla (TSLA.US)$. Those are companies with pretty good fundamentals. But those that I mentioned could be very profitable after a few years. Chinese EV and Fintech have some of the highest growth potential, and even though their current balance sheet may not be all that impressive, you can kind of see the trajectory they are on. Fundamental analysis is still very relevant. Earnings reports, news of share buybacks or mergers, future EPS estimates, delivery numbers, revenue growth, profit margins - are these pointless to you?
ramenbowl : good luck to you. looking at fundamentals is pointless for most of the companies you mentioned.
102711703 ramenbowl :
alaric OP ramenbowl : Well I said I'm looking closely at them! To clarify, most of my positions are in $Alibaba (BABA.US)$, $JD.com (JD.US)$ and $PayPal (PYPL.US)$. Also got in early for $Tesla (TSLA.US)$. Those are companies with pretty good fundamentals. But those that I mentioned could be very profitable after a few years. Chinese EV and Fintech have some of the highest growth potential, and even though their current balance sheet may not be all that impressive, you can kind of see the trajectory they are on. Fundamental analysis is still very relevant. Earnings reports, news of share buybacks or mergers, future EPS estimates, delivery numbers, revenue growth, profit margins - are these pointless to you?
kat kukuuu : me too! Optimistic about the development of electric vehicles
alaric OP kat kukuuu : So am I! Let's see if it shapes the future!
101597678 Tan C P : I agree
rocket11 : EV is the future
NANA123 : I have been following Lucid recently.
alaric OP rocket11 : I hope so!
alaric OP NANA123 : Well it's looking great!
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