10 milestones: Learn to trade from a newbie

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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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!
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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.
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Disclaimer:
Moomoo is an online trading platform offered by Moomoo Inc.. In Australia, financial products and services on moomoo are offered by Futu Securities (Australia) Ltd (ACN 095 920 648) , an Australian Financial Services Licensee (Licence No: 224663) regulated by the Australian Securities and Investments Commission (ASIC).

The content is provided for educational and informational use only. Any information and data used in the content are general in nature, for purpose of illustration only, have been prepared without any consideration of your investment objectives, financial situations or needs, and shall not be used to predict future results or trends. You should consider the appropriateness of the information having regard to your personal circumstances before making any investment decisions. No content herein shall be considered as a recommendation or solicitation for the purchase or sale of securities, futures, or other financial products or services (for whatever reason).

All information and data, if any, are for reference only and past performance should not be viewed as an indicator of future results. It is not a guarantee for future results. Investments in stocks, options, ETFs, and other instruments are subject to risks,  the value of investments may fluctuate and as a result, clients may lose the value of their investments. When trading in a margin account, clients may suffer losses greater than their original investments. Please consult your financial adviser as to the suitability of any investments.

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