Sera likes moomoo's
paper trading feature because it has great tools, coupled with detailed company information and up-to-date news and analysis. She believes this feature will be a good starting point for those who are new to moomoo or learning to trade from scratch.
"The amount of information on your virtual portfolio can be bit overwhelming at first. My advice to junior investors would be to take it slow," she said. Sera takes several steps to study a company with the paper trading feature before she considers investing with her real account.
First, she conducts research, reading their latest news and factual articles to get a sense of the target company's actual value. The track charts and trends also provide helpful information. The one-month, four-hour, one-day and one-week charts are Sera's most used charts.
In addition to MACD, OBV①, RSI and other basics, she also closely monitors the stock's volume and turnover against the price changes, which shows how much pressure there is on either the buy or sell side.
The information she obtains from the virtual portfolio gives her a better idea of market sentiment.
Moreover, Sera has three key stocks in her portfolio, both real and virtual. These three companies are well researched, and she believes these three will likely perform well. She practices different strategies with the paper trading feature, combining other stocks with the three key stocks.
"By watching market sentiment closely in my virtual portfolio, I managed to find some beautiful entry and exit points in reality," Sera said.
However, investing is not always smooth and successful. Sera recalled a time when she bought some shares in a company amid what she believed was a dip, but it was actually a downtrend with just some small jumps.
"I got a bit impatient at that time, and I sold them before they really peaked again," Sera said. "But monitoring my virtual portfolio definitely makes it easier for me to realize that the stock was trending down. This is the cost of learning. But how heavy the price depends on what you have learned."
MooMamaLlama :
Revelation 6 : Way to go @MooMamaLlama! Sharing the wisdom with all the Mooers. Thanks.
MooMamaLlama Revelation 6 : thanks!! it's all full circle..
we all start somewhere and I believe in paying it all forward
Divided Sky : Gun. head