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Mooers' Stories
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Mooers Lab joined discussion · Nov 30, 2022 20:34

Mooers' Stories Vol.9 - allen kidd

Hi, mooers. Welcome back to "Mooers' Stories", where we present mooers' insights and experiences. Have you ever picked the wrong time to enter the market? How do you handle losing money in a bear market? This time, we invited @allen kidd, who describes himself as an AMC ape with a high-risk appetite, to share his investing journey. Let's take a look!
Source: allen kidd
Source: allen kidd
I was born in Michigan in 1988, graduated high school in 2007 and started investing in 2012. Here's a little about my investing journey.
Investing story: Read, Study, and learn. Don't go into any kind of market blindly like I did.
When and why did you start investing?
When I moved to Kissimmee Florida and that is where I made my first investment and that was on an American Eagle silver coin. I learned about investing in commodities and watching the charts there and never thought about investing into the stock market at the time.
2021 Bitcoin was getting more popular and my brother Mark was the one who showed me it. At that point, I cut back on investing in commodities and started investing in cryptocurrency, mainly ETH. I started investing at the wrong time because BTC and ETH along with all the rest of crypto was almost to its all time high and the prices started to decend without going back towhere they once were. 6 months later, I decided to try my luck in the stock market. I was looking for the best trading platform to download to start investing and that's when I found moomoo.
How was your first investment?
Unfortunately all 3 times I started investing I picked the wrong times to start. Silver reached $35 an ounce before it started to descend in price. I started when the price was at $32 per ounce. ETH was priced at $2,400 when I started to invest in that and it reached $4,811 at its all-time high price, then sharply turned around and came crashing down.
The first stock I seriously started investing was AMC at $47.18 per share until it got as high as $52.79. I didn't know $AMC Entertainment (AMC.US)$ was on a long downwards trend at the time, but eventually found that out. Although my timing was bad every time I learned to hold and not sell.
Mooers' Stories Vol.9 - allen kidd
Note: lmages provided are not current and any securities are shown for illustrative purposes only
What kind of investor are you?
I'm a 33 year old AMC ape with a high risk appetite. Becoming an AMC APE was easy for me because holding and not selling was already in-grained in me because of my bad timing. So I was an APE before I knew it, but the AMC community on moomoo helped me realize it.
Where did you start on your quest for investing knowledge?
I started my quest for investing knowledge when I installed Moomoo on my phone back in 2020. We had the stimulus money from the pandemic then, so with the extra money on hand I thought I would start investing.
Joining at that time was a good way for me to learn how to handle losing money well since ever since then we've been in a bear market. I handle by not selling. I hold and I buy more when I can. I'm also reading about other companys. I'm not yet invested in to figure out where else to invest.  
How do you describe a successful investment?
A successful investment is one that makes you money. You could invest in a successful company but you could invest wrong and lose money by buying and selling at the wrong time. A successful investment is different than a successful company. Most of the time, in order to have a successful investment, you need to do research.  
Words for newcomers
Read, study, and learn.
1. Don't go into any kind of market blind like I did. I could have had alot better return rates if I would have done those 3 things first. Know what you're investing into, look at patterns and read news about your future investments.
2. Also read books about investing. I'll insert a picture of some good books I'm reading that I would recommend reading.
3. Be patient, Warren Buffett has a saying that says "The Stock market is a device to transfer money from the impatient to the patient."  
Mooers' Stories Vol.9 - allen kidd
Why moomoo?
Moomoo has a great community, great classes to learn from, long trading hours, rewards to keep you active on the app. It has been my first and only trading app for the stock market and I'll be here a while.
Mooers' Stories Vol.9 - allen kidd
Notes: All the information comes from the interviewee and is published under the interviewee's consent. The testimonial provided herein may not represent other customers' experience, and there is no guarantee of future performance or success.
Interactive Activity
1. Make your choice
2. Spark meaningful conversations
Topic: What else do you want to know about allen kidd? Any other topics you wanna discuss with him? Comment below to let us know.
Bonus:
1. 30 points for mooer who raises insightful and allen kidd-related questions
2. 70 points for allen kidd's each reply to mooers' questions
Duration: From now to Dec. 31 23:59 ET
(Rewards will be distributed within 5–10 working days after the activity ends.)
Notes: We encourage benign and in-depth interaction, from which all mooers can learn from each other, helping our community members be more courageous and not alone in the investing journey.
We truly appreciate @allen kidd for sharing his valuable and inspiring experience with us! Feel free to interact with him if you have anything to say!
Just in case you didn't know, you can also be the one to tell the story! There is also a chance for your story to get more exposure on multi-channel media. For instance, @MooMamaLlamaDrama' story was published on THE AUSTRALIAN website. >Check it out<
Interested? Comment below to let us know! We'll reach out to you as soon as possible!
Thanks for your time. See you next time!
Disclosure: The testimonial provided herein may not represent other customers' experience, and there is no guarantee of future performance or success.
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.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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