it's been a tiring past few months as a newcomer to not only moomoo app but also trading stocks and shares. I'd initially invested in
$NIO Inc (NIO.US)$ and
$AMC Entertainment (AMC.US)$, jumping back and forth between them, woth some profits until EV
$Sono Group (SEV.US)$ IPO.
it was new and of cos eager traders would be sure to trade in and speculate till it reaches a high before selling out for a good sum. I was at the side lines watching the price plummet, waiting to catch a good price to enter into a trade at $29.
Alas, little did I know it would drop much much further to 21, 20 then 19... okaaaayyy, I was thinking hmm it probably won't drop below the IPO price $15 eh... so I DCAed at 19.
and then it hadn't really risen, only gone south, seemingly without return. Especially these few days. many ppl have doubts they will do well. but you know what, I've got faith that it will rise higher. Even amidst news of them having supply issues with parts and being on negative returns right now, I still think they will soar given some time. Good stuff takes time, if they were able to attract the Honchos from automobiles to join them in this EV project, then it must be an unpolished gem.
I'll wait patiently for the day their electric cars are presented to the world. it's OK, even if I have to wait through this year of the Tiger, dismal as the markets may seem now. who scared 虎? when there are downs , there will be ups. HODL, mates!
wishing everyone a happy peaceful and prosperous Lunar New Year!!! Gong Hei Fatt Choy!! Huat ah!!!!
101489545我是谁 : I made quite good profit from Lucid and then switched to Sono. For Sono, I lost three times the amount than I profited from Lucid. This is because I averaged down few times but the share price of Sono kept going down.
cryptostock OP : I still believe in it...
Chirp 101489545我是谁 : I also lose cos I have been averaging down frequently. the price now was even lower than my last ave down price
I hope coming live event will provide a new direction for us who believes in its potential
Chirp : coming live event
https://t.co/bw2VIigB7q
cryptostock OP Chirp : fingers crossed!