Co-Wise Recap: Valuable Investment Strategies for Beginners

How time flies, we've completed the Co-Wise journey and had a wonderful learning time together. To help you hit the ground running, we came up with 10 common but essential themes for mooers. In response, many enthusiasts shared real-world cases and valuable opinions in our community.

1. How do you pick a stock?
Trading and investing is an endless journey to take. It's hard, especially at the very beginning. We called for skilled traders to pass on their experience to the young and help others prevent unnecessary losses.
View More: https://www.moomoo.com/community/discussion/341311505

2. How do you decide when to buy/sell?
We should evaluate support and resistance levels to determine the buying and selling prices. A systematic decision-making framework could help you simplify the process and maximize returns. 
View More: https://www.moomoo.com/community/discussion/349701713

3. How do you set the stop loss point/profit target?
It's wise to set a stop-loss and take-profit target for every trade. An effective strategy could help investors make the most of their trades and avoid significant losses.
View More: https://www.moomoo.com/community/discussion/370671633

4. What push you to press the "trade" button?
After selecting a batch of high-quality stocks in the stock screener, how to quickly find the suitable one to buy? Different selection methods should be developed for different trading types.
View More: https://www.moomoo.com/community/discussion/384303121

5. How to build a portfolio with a windfall of $1 million?
Diversification is a critical concept in portfolio management. Mooers' top 3 assets candidates to be put into the portfolio are stocks, ETFs, and cryptocurrencies. There is no best, only the most suitable portfolio for investors.
View More: https://www.moomoo.com/community/discussion/396886033

6. What habits help you become a better trader?
Personal feelings are not reliable when it comes to trading and investing. Emotional trading may help you make fast money, but rational trading is how you survive for a long time. Double-checking, summarizing, controlling positions are all good habits.
View More: https://www.moomoo.com/community/discussion/412614673

7. How did you start short-term trading?
Short-term trading could bring an adrenaline rush, but it's also highly risky. We should keep a clear mind and stay alert to the markets where milliseconds count. Risk management and emotion controls are essential.
View More: https://www.moomoo.com/community/discussion/428867649

8. Why do you stick to long-term investment?
The stock market is a device for transferring money from the impatient to the patient. Long-term investors could earn more when the companies make bigger cakes, which is a win-win scenario. Time in the market beats timing the market.
View More: https://www.moomoo.com/community/discussion/442499137

9. How do you improve your trading mindset over time?
Attitudes and beliefs about the market could significantly impact the execution of your transactions. If we are to get rid of FOMO, we must learn why we lost. Consistent winners are rare. Practice makes perfect!
View More: https://www.moomoo.com/community/discussion/458752017

10. Do you trade the news? Why, or why not?
News events are usually unplanned and carry risks. With practical strategies in mind, you may catch the rare investing opportunities in time and reap profits out of them. Act when you can and leave when you still can. Timing is everything.
View More: https://www.moomoo.com/community/discussion/472383505

We are more than glad to receive all of your posts on the Co-Wise series. Please click View More to see mooers' highlight moments for valuable tips.

Many mooers are inspired by their fellow's opinions, experiences, stories, and real-world case studies in the past 10 activities. These high-quality sharings might have helped mooers build and improve their trading systems.

Let's spotlight these outstanding mooers. @HopeAlways , a wise master shared knowledge friendly. @Dadacai answered almost every question of mooers and communicated with them. @Panda2102 shared experience selflessly through vivid case studies. @AlfonsoDex combined talent and wisdom. Newbies' trading improvement can't be made without @Powerhouse 's help. @cowabanga , an investor who sought the truth, continually validated himself. @mooboo focused on value and enjoyed investing in the stock market. Kindness and wise surrounded him. What was behind @Moo Top 's investment was the ongoing exploration of rationality, logic, and truth. Humorous writing, detailed analysis, and profound introspection of @Mars Mooo are distinct from others......Thanks for all your participation and wonderful sharings.

Thanks for all your participation and insightful sharings. We would like to see all mooers again in the following technical analysis series.

Attention: A more professionalized series will be set aside for mooers who want to conduct technical analysis on moomoo. So stay tuned!