Review of My Investing Journey - Year 2021
2021 is the year I started my investment / trading journey, therefore, it’s definitely a year to remember. I must say Moomoo 🐮 and it’s competitor 🐯 (being objective here) have really made investment easy and affordable. Gone were the days where you need to pay hefty commission fees to brokerage firms, which may have deterred many young / new investors from investing. Can I have a hand to see how many investors, who’s like me, started their investment and trading journey on this platform this year?
Anyway, I’ve created a short video to commemorate my meeting with Moomoo, and the review for 2021’s investment journey :)
Anyway, I’ve created a short video to commemorate my meeting with Moomoo, and the review for 2021’s investment journey :)
Have also summarised below the takeaways from my short journey thus far (and I’m sure more to come in future!):
1. Volatility - no matter you’re a investor or trader, you will have to learn to eat and drink volatility for breakfast, lunch and dinner. Look at $Tesla (TSLA.US)$, most of the owners (including me) eat 20% ups and downs from time to time. Therefore, what is volatility? 可以吃的吗? Just keep calm and stay invested :)
2. Même stocks - 2021 saw a rise in Meme stocks. $AMC Entertainment (AMC.US)$ , $GameStop (GME.US)$ , $Digital World Acquisition Corp (DWAC.US)$ , $Phunware (PHUN.US)$ , just to name a few. I learnt the phrase “pump and dump” in the context of a stock market 😏 (if you know, you know). Stay away from these if your heart cannot handle point 1 - volatility. Bonus takeaway: Reddit’s WSB is a fun place to be in. Fun to watch, but probably not fun to follow their advices. 做个吃瓜民众就好 🍿️. PS: I got burnt by $Snap Inc (SNAP.US)$ $IronNet (IRNT.US)$ and $ChemoCentryx (CCXI.US)$ when trying to trade like god of gambler.
Ironnet - Bought at its peak 😂
1. Volatility - no matter you’re a investor or trader, you will have to learn to eat and drink volatility for breakfast, lunch and dinner. Look at $Tesla (TSLA.US)$, most of the owners (including me) eat 20% ups and downs from time to time. Therefore, what is volatility? 可以吃的吗? Just keep calm and stay invested :)
2. Même stocks - 2021 saw a rise in Meme stocks. $AMC Entertainment (AMC.US)$ , $GameStop (GME.US)$ , $Digital World Acquisition Corp (DWAC.US)$ , $Phunware (PHUN.US)$ , just to name a few. I learnt the phrase “pump and dump” in the context of a stock market 😏 (if you know, you know). Stay away from these if your heart cannot handle point 1 - volatility. Bonus takeaway: Reddit’s WSB is a fun place to be in. Fun to watch, but probably not fun to follow their advices. 做个吃瓜民众就好 🍿️. PS: I got burnt by $Snap Inc (SNAP.US)$ $IronNet (IRNT.US)$ and $ChemoCentryx (CCXI.US)$ when trying to trade like god of gambler.
Ironnet - Bought at its peak 😂
3. Staying invested - biggest takeaway from 2021 is to stay invested in fundamentally strong stocks. If you have done enough research, and have high conviction for certain stocks, go for it and stick to it. It will grow and rise with you overtime. Just like you don’t keep changing your partner every other day or month right? 😉 For me, I’ve invested in , $Tesla (TSLA.US)$ $Microsoft (MSFT.US)$ $Apple (AAPL.US)$ $NVIDIA (NVDA.US)$ $Meta Platforms (FB.US)$ , and aiming for $Sea (SE.US)$ $Salesforce (CRM.US)$ $CrowdStrike (CRWD.US)$ $ARK Innovation ETF (ARKK.US)$ $The Trade Desk (TTD.US)$ $Disney (DIS.US)$ $ProShares Bitcoin ETF (BITO.US)$ $Luminar Technologies (LAZR.US)$ and $Palantir (PLTR.US)$ next year. For trading, I’m still trying to grasp the gist and technique, and find good stocks with high volatility, where I wouldn’t minding “bagholding” even if I get stuck $BioDelivery Sciences International Inc (BDSI.US)$ $LivePerson (LPSN.US)$ $AppHarvest (APPH.US)$ $AST SpaceMobile (ASTS.US)$ $Aurora Cannabis (ACB.US)$ $Blink Charging (BLNK.US)$ $GoHealth (GOCO.US)$ $Bionano Genomics (BNGO.US)$
DCA for stock that I have high conviction:
There are lots of noise in the market. If they are killing you and making you can’t sleep at night, delete the brokerage app and don’t log in for a month. Just kidding! Train your heart to be strong and resilient, don’t overreact, don’t get emotional. Be rational. Just like how you deal with challenges in life, overcoming hurdles after hurdles, even when you thought you can’t.
Lastly, they call $Grab Holdings (GRAB.US)$ the super app? I would say moomoo $Futu Holdings Ltd (FUTU.US)$ is the super app for online brokerage, with such comprehensive features. Make use of the functions like “News” to stay updated, “Comments” section to exchange ideas and learn from others, “Heat map” to see the market sentiment for different industries, “Price Alerts” to keep you posted when you’re busy etc etc. And of course, for beginners, check out the cool courses! The review can go on n on. But I don’t want to test Moomoo’s word count limit 🙊
Lastly, they call $Grab Holdings (GRAB.US)$ the super app? I would say moomoo $Futu Holdings Ltd (FUTU.US)$ is the super app for online brokerage, with such comprehensive features. Make use of the functions like “News” to stay updated, “Comments” section to exchange ideas and learn from others, “Heat map” to see the market sentiment for different industries, “Price Alerts” to keep you posted when you’re busy etc etc. And of course, for beginners, check out the cool courses! The review can go on n on. But I don’t want to test Moomoo’s word count limit 🙊
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Successful investing is about managing risk, not avoiding it. DYODD
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Safari Pokemon : Interesting perspective
Cow Moo-ney OP Safari Pokemon : Haha still a beginner with lots of things to learn![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
THEWIZARD : As a year old newbie, you appear to be learning well. Keep it up. Wishing you success. Cheers.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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Cow Moo-ney OP THEWIZARD : Thank you boss, for the words of encouragement. Wishing you the best in your investment too![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
THEWIZARD Cow Moo-ney OP : Thank you.
But I'm not the "Boss". The Market is the "Boss", it pays us.
LOL.
ATS A trade sniper : moo is beter than tiger hohoho
chris from queens : futu is way better than tiger and be on the lookout if $AMC Entertainment (AMC.US)$ $Meta Materials (MMAT.US)$ $Aurora Cannabis (ACB.US)$ $GameStop (GME.US)$ $VBI Vaccines (VBIV.US)$ $Futu Holdings Ltd (FUTU.US)$ $Interactive Brokers (IBKR.US)$ Winning Portfolio for 2022 NFA