New Start 2023 ๐ค๐ป
Year 2022 is definitely a year to rememberโฆ with stock markets in shambles due to drastic market outlook change coupled with all the negative elements (aggressive interest rate hike, geo-political issues, concern over potential recession, etc.) which badly affected market sentiments resulting in a slump in most if not all stocks (even FAANG is of no exception), it doesnโt make it easy for well-experienced investors to make profits, so not to mention rookie like me. ![]()
One word to summarize all the trades I made since Jan till Oct 2022 โ AWFUL โน๏ธ.. Driven by the wrong mindset that stock market is a place to make quick and easy money, entering the battle field with no good preparation (simply listening to insider news/tips/rumors instead of doing own diligence to study the stock) coupled with huge self-ego (continue to average down and catch a falling knife instead of cutting-loss) and greediness (not taking profit at the right time), I was literally butchered due to self-ignorance and stupidity.
Itโs indeed a huge blow to my capital but Iโm blessed to get awakened through self-reflection following that painful experience which has driven me to really learn about the Doโs and Donโts in stock investment. I finally realized that in stock market, thereโs no falling pie from the sky, itโs always the hard work and effort that pays off. I could have realized it late, but guess itโs never too late to learn from our mistakes.
To date, Iโm seeing positive result with the stocks purchased after all the learning I had through the training courses and fellow communities in moomoo. SBUX being the 1st stock with good return so far and finger crossed for the rest. Itโs not something to brag about but it really boosts my confidence and serves as a catalyst for me to go further in my investment journey.![]()
Being an optimistic person, I believe that economic growth and market performance to improve in 2023 as compared to 2022. However, things might actually get worse before it gets better. As such, I would choose to adopt a more defensive investment strategy for upcoming year apart from continuously practicing diversification until we finally seeing light at the end of tunnelโฆ![]()
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Lastly, wishing all the moomoo communities Happy New Year and buckle up for another fun-filled yet exciting ride in 2023!!!![]()
![]()
One word to summarize all the trades I made since Jan till Oct 2022 โ AWFUL โน๏ธ.. Driven by the wrong mindset that stock market is a place to make quick and easy money, entering the battle field with no good preparation (simply listening to insider news/tips/rumors instead of doing own diligence to study the stock) coupled with huge self-ego (continue to average down and catch a falling knife instead of cutting-loss) and greediness (not taking profit at the right time), I was literally butchered due to self-ignorance and stupidity.
Itโs indeed a huge blow to my capital but Iโm blessed to get awakened through self-reflection following that painful experience which has driven me to really learn about the Doโs and Donโts in stock investment. I finally realized that in stock market, thereโs no falling pie from the sky, itโs always the hard work and effort that pays off. I could have realized it late, but guess itโs never too late to learn from our mistakes.
To date, Iโm seeing positive result with the stocks purchased after all the learning I had through the training courses and fellow communities in moomoo. SBUX being the 1st stock with good return so far and finger crossed for the rest. Itโs not something to brag about but it really boosts my confidence and serves as a catalyst for me to go further in my investment journey.
Being an optimistic person, I believe that economic growth and market performance to improve in 2023 as compared to 2022. However, things might actually get worse before it gets better. As such, I would choose to adopt a more defensive investment strategy for upcoming year apart from continuously practicing diversification until we finally seeing light at the end of tunnelโฆ
Lastly, wishing all the moomoo communities Happy New Year and buckle up for another fun-filled yet exciting ride in 2023!!!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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103961903 : Inspiring, thanks for your sharing!
James0007 : thanks for sharing. Happy new year 2023
102848959EN : Nice sharing..
Happy New Year and buckle up for another fun-filled yet exciting ride in 2023!!! Twirl
cola1010 OP :