Does anyone remember when the desire to trade currency or bu...
Does anyone remember when the desire to trade currency or buy stocks, or even to learn all of the terminology associated with all of this came to them ? Do you feel better from it? More progressed? I've been trying for six months and the information is never ending.. how do I become content with the crazy fluctuations? How can I become like you? More skilled and knowledgeable in the subjects that I just can't progress without knowing... I know I can utilize the abundance of growth here.... What made it comprehendible to you? ![]()
![]()
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Dadacai : This is not financial advice but just my opinion and what I do. You need to understand your financial objectives, risk profile, time horizon and financial position in order to decide your investment strategy e.g. those risk-adverse should not choose stocks of dubious companies that they haven’t researched properly or that don’t have a proven track record. The stocks may be hot for the moment but they could have a major crisis and lose all their value later on. Personally, I have enough emergency funds set aside and most of my stocks are companies with good fundamentals and which pay dividends so I’m not too worried by the fluctuations.
cute investor 716 : is it me Oris none of any o e else's stocks rising up or down .. all my phone mobile apps are the same since friday..Friday... is it cuz the holiday n they just shut it down ... I'm not gaining or losing weord ... my coin is function but it's like all my stocks are dead lolim confused
Dadacai cute investor 716 : The stock exchanges are closed on weekends and PHs.
Jeff Boyd : Interesting questions. I always liked to play with numbers as a kid and more or less view investing as the equivalent of betting on sports teams (which I would never do). I probably would have been better off had I put the effort into improving my career and family but I still enjoy it. The fluctuations are very tough to take but I have had some huge losses at times and the sun still came up in the morning. If you don't enjoy it, I'd say buy mutual funds and forget it. The trend of prices going up has been relentless over many decades and unless interest rates start to move up steadily in the decades to come (it could happen) or the world walks away from capitalism (could happen too), in a few decades you will be glad you invested but it is just money. Take care of yourself and family first and if you don't enjoy stock investing quit; nothing wrong with doing other things.
MooMamaLlama : The analogy to sports betting is a good one actually.
we go for teams with good track records, occasionally putting a bob on a long shot but keep the real betting money for more "sure" bets (as sure as we can be).
Do you think this stock/team will still be relevant in 1,2,5,10years or is it just "having a good moment" . Are you betting on one match? or the whole season? is it doing well because the team is good or the coach? what if the line up is changed? for the better or not?
it takes a while to get all the terminology but when it comes to just you deciding where to invest, go with your gut. read a few *recent* articles on what you're looking at (just like the sports in the Sunday paper) to learn of new developments that might affect your choice. "hype" is a good way to get investors.....also a good way to crash the price when they all pull out when the hype doesn't match the outcomes.. don't follow hype follow your gut!!! follow good track records. You can't make money on things like bitcoin unless you have a ton to lose so forget crypto too. the crypto exchanges have a better record than the coins...(sure a few people became rich, because many many more lost absolutely everything)
I learnt the hard way.... following some stocks on virtual portfolio that I really liked .. a day or 2 later I invested but the entry point was higher... Basically my virtual had gained over 20%, real just 2%. Same stock, less than a week apart. We don't all have a ton of funds set aside so the choices become more important. when overwhelmed don't buy in, when unsure don't buy in. take a min, or a day. then look again. I missed a big jump but it hasn't backtracked to red so that's a win to me.
Same for your investments... In the red? unless there's something drastic to be done, do nothing. (I closed a few in red to avoid further loss...one is now recovered 5x over and I missed out. lesson learnt-be patient! lol)