I've experienced all of the major milestones that most people experience. For example, first car, high school graduation, college graduation, first house. Most people eventually experiences these basic milestones in life. For the record I do not have my own house yet.
One of the more notable milestone worth mentioning is when I started investing. I started investing around 2010 after the great financial crisis caused a major crash in the markets.
Initially I thought it was a really bad time to invest. But there were headlines all over the news about people making tons of cash in the stock market shortly after the market crashed. And I wanted to join in on the fun so I started investing.
At that point I did not know anything about the stock market and no I idea how to invest. So my strategy was to buy and hold forever basically. That proved to be a very good strategy because after the financial collapse recovered there was one of the best bull markets in history that lasted for the next 11 years or so.
There is another milestone in my investment journey that I should mention. This was when I learned to properly analyze trends and correctly use that knowledge in short term trading and options trading. This is a milestone worth mentioning because I started to make a legitimate amount of extra income in the market to live a little bit more comfortably.
When I first attempted short-term trading and options trading it was terrible. I would buy high and sell low. I lost a lot of money. I lost a lot of the profit that I made during the historical bull market. I assume that I could just buy and hold options and the market would continue to go up like it was doing during this historical bull market at that present time. But I started trading options when this historical bull market's price action began to get choppy. That is a difficult time to learn options as a beginner.
Volatility in the market is good for a short-term trader or an option trader, but I had no idea what I was doing. You can see in the picture above how my amateur trading knowledge led me to panicking into and out of trades at the worst moments. This was caused by greed and FOMO so it was a low point in my investment journey as I lost way too much money at this time. There is one old investment proverb that would have saved me from this loss. "When others are fearful it's probably a good time to be greedy. And when others are greedy it is probably a good time to be fearful." On a long-term time frame this statement is absolutely true. If you are looking at any candlesticks smaller than daily candles than this method might not work as effectively.
I was determined to make my money back. so I corrected my mistakes and started to ignore my emotions and follow the trends and the technical analysis that I was learning. Eventually the hard work paid off and now I am consistently making better trades. And I have much more confidence in my investing and my financial future.
In this portfolio I should have more gains than this for this past year. But sometimes I still get the greed and FOMO .
I should mention a milestone in the Moomoo community that was one of my favorite moments. That was when a fellow investor by the name of @DonsHobby sent out a mass message to several Moo'ers about a stock that was potentially going to run up quick. I can't remember the ticker symbol but it felt like everybody that was tagged in the mass message, and the whole market was buying this ticker at the same time because the stock ran up well over 100% that day and everybody made really good money. We all got lucky at the same time. It was a lot of fun.
look like a movie
:
Thank you SpyderCall for sharing such an impressive experience with us. You are always professional, inspiring, logical, and helpful!!! So glad and lucky that I, as a newcomer, can learn from and exchange ideas with mooers like you. Also appreciate moo community for giving us a place where we can communicate with each other.
SpyderCall
OP
icezzz
:
T/A takes some time to learn and use properly. But with lots of repetition then one day it will just click and things will start to make sense more and more when you are looking at the charts
gregarious NyanCat_5
:
Some people deal with investment and gambling, family members also struggle to oppose me to invest, only bought mutual funds, annuity, 401k, deposits, etc. over the years, but the interest rates of these products are getting lower, and inflation shrinks our hard-saved wealth quickly, I hope to find a way - to make wealth preservation Value, can be better appreciation, at least less shrinkage. Just opened a new account, the content on the site is too rich, it is unknown how to do it, doubt their ability to study, do not want to go against the water boating.
MooMamaLlama
:
thanks for your great story!! I always read your stuff...its insightful and encouraging. We weren't born traders we all have to learn, (even traditional traders have to relearn a little for the new age of retail investors online and the effect they have on the markets) and I absolutely love to read anything from those who don't pretend they came out of the womb spouting financial lingo.. reminds us and gives hope that we can all trade like pros in the long run thanks for all your inspiration!!
SpyderCall
OP
gregarious NyanCat_5
:
absolutely. I am in the process of creating content for my youtube channel and my discord channel. I have posted a few of my videos on Moomoo. I plan on making the videos with subtitles in several different languages
mooLIYA
:
thanks spydercall for sharing your experience, can give some advice how to start learning m where can learn so that it will be useful to learn
icezzz : I m beginner for TA and experience what you mention. Your words so encouraging. Thanks for your sharing
look like a movie : Thank you SpyderCall for sharing such an impressive experience with us. You are always professional, inspiring, logical, and helpful!!! So glad and lucky that I, as a newcomer, can learn from and exchange ideas with mooers like you. Also appreciate moo community for giving us a place where we can communicate with each other.
SpyderCall OP icezzz : T/A takes some time to learn and use properly. But with lots of repetition then one day it will just click and things will start to make sense more and more when you are looking at the charts
SpyderCall OP look like a movie : I am always glad to share. we gotta all help each other get stronger investments
gregarious NyanCat_5 : Some people deal with investment and gambling, family members also struggle to oppose me to invest, only bought mutual funds, annuity, 401k, deposits, etc. over the years, but the interest rates of these products are getting lower, and inflation shrinks our hard-saved wealth quickly, I hope to find a way - to make wealth preservation Value, can be better appreciation, at least less shrinkage. Just opened a new account, the content on the site is too rich, it is unknown how to do it, doubt their ability to study, do not want to go against the water boating.
MooMamaLlama : thanks for your great story!! I always read your stuff...its insightful and encouraging. We weren't born traders we all have to learn, (even
traditional traders have to relearn a little for the new age of retail investors online and the effect they have on the markets) and I absolutely love to read anything from those who don't pretend they came out of the womb spouting financial lingo.. reminds us and gives hope that we can all trade like pros in the long run thanks for all your inspiration!!
SpyderCall OP gregarious NyanCat_5 : absolutely. I am in the process of creating content for my youtube channel and my discord channel. I have posted a few of my videos on Moomoo. I plan on making the videos with subtitles in several different languages
mooLIYA : thanks spydercall for sharing your experience, can give some advice how to start learning m where can learn so that it will be useful to learn