Mooers' Insights: General problems faced by mooers who are new to the stock market trading
Do you find it difficult to invest alone? Have you ever tried to ask for help but don't know who to turn to? Don't worry! You can leave your questions below and interact with each other. Your question may be chosen as a "Weekly Topic" in Weekly Buzz.
Last week, we discussed "What are the general problems faced by mooers who are new to the stock market trading?" in Weekly Buzz. Let's see what mooers talked about! Tap here to view the details >>
The foremost thing is mind control over one’s GREED, FEAR, EMOTIONS and SENTIMENTS on the trade.
@Syuee:
The stock market can sometimes become a casino when beginners trade, every time they sit in front of their trading set-up. It will not be so if one decides to take ONLY those trades where the rewards far outweigh the risks.
Always aim to buy a stock for less than what they think it is worth, ideally a lot less.
@HopeAlways:
It is important to understand the strengths and risks of any company they are considering investing in and have a good grasp of its competitive advantages too. It is also important to understand a company's business model which is exactly how it makes money. They need to be sure that they understand what they are investing in.
moomoo has a lot of helpful kind souls around, they are always helping new mooers out to remove all these misconceptions.
@doctorpot1:
Some common misconceptions I saw happening frequently are that:
1. Buying the stock of company that announced dividend
2. Buying deep in the money CALL option thinking it is an infinite money glitch
3. Buying PUT option on stock that is announcing stock split, to generate free money.
One of my difficulties as a newcomer to Moomoo is figuring out all of the technical possibilities the app offers
@auhager:
Last week I tried to learn about OBV, and realized that there are so many technical tools that are currently beyond my understanding. Luckily there are a lot of tutorials for me to work through and hopefully gain a deeper understanding.
Learning to filter or block all but a few commentors.
@Velvet Monkey:
Buy low (check historical lows).
Sell high. (Check historical highs)
OR: Set up DCA = Dollar Cost Averaging. For example, every paycheck invests a little, or more, but always only what you can afford to lose.
A good start for new investors will be to read more about positive investments.
@ZnWC:
Due to how we are educated about investment (when we are young) and negative news about investment (scams, market crashes, losing money excessively, etc), the mindset has caused fear about money. One good book I would recommend is "My dog named Money" by Bodo Schafer.
Thanks for sharing in-depth ideas! Hope these ideas will help you learn more about investment and better navigate the market!
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*Weekly Buzz is released every Monday. The high-quality posts will be collected in Mooers' Insights.
Disclaimer: This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Tap for more details.
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