May Trades Review （First Try)
Hey guys, this is my first time starting a topic. I've found reviewing my trades to be really helpful, so I was thinking why not start discussing trading topics once a month? I hope to continue doing this in the future.
Anyway, I hope this trades review is something funny! This is the place you can like scream and vent your feelings or share your experiences and stories about trading, investing or anytging else!!
My goal is to have a connected community and i think it is also great that in the future you can look back on your monthly stories. Be like: the memories are flashing!!!!
Regarding May's trading, it was pretty normal for me. I didn't make any big moves. If you take a look at my portfolio, you'll see that I'm learning to diversify and manage risks. I'd love to hear from other traders who could give me advice.
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Now, back to the topic.
My lesson from May is to watch market news closely. Here are my tips (although they may not necessarily apply to you).
Tip 1: Keep an eye on earnings reports! I usually focus on revenue, as it indicates whether or not I can trust a company. Future plans are also important, particularly if the company is undergoing transformation or considering diversification.I remember MOO having a discussion about different habits for focusing on earnings reports. I'll find it later and add it in the comment section. An example is $NVIDIA (NVDA.US)$
Tip 2: Pay attention to economic indicators and market news, such as CPI and interest rates. However, sometimes I struggle with interpreting the news. So, my usual move is to watch someone else interpret it. You don't necessarily have to follow their advice, but they can help provide basic information like why something happened and what caused it. As for the future, no one knows for sure.
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Many EVs and tech earnings reports were released this month
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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TeslaSmurf : Good.
Of course, everybody has to do his own RESEARCH, develop a STRATEGY according to his experience, keep refining it and, when it constantly works (=makes you money), just stick to it and improve it. Diversification is not a strategy and it is not good by itself but it certainly helps reducing the risk. Too many companies are difficult to follow (data, news, etc) and, in case, ONE company per specific sector is generally enough. As for the long term portfolio 1 to 3 stocks are enough if well chosen. For day trading you can vary more, of course, according to which novelties and opportunities the market may bring.