Some Moomooers shared Trading strategies might be too complex when they are only just starting out. It seems like they have either just tried out the moomoo platform due to event/friends or plain curiosity.
I recall my journey at the start as well. Was only wanting to do more than the peanuts 🥜 I was getting in my savings account. I can say my finacial literacy was almost 0. Those were the days when the shares I bought were IPOs because Aunties tell me good lobang, Sure win, subscribe from ATM and hope to get assigned shares. Other than that was due to insurance when they had investment linked to unit trusts.
With my current comfort in trading and option strategies employed, I feel I can share the following which I’ve split into different levels due to the amout ok time and knowledge required for each.
Basic: (For those risk adverse or just started) Make money Work harder then the bank and preferbly fix deposit with shorter lock in but higher interest rates.
Intermediate: (Have some capital and want to diversify into other areas such as shares) Trade shares confidently with some knowledge and skills of using TAs (Technical Analysis).
Advance: (Have enough knowledge, more capital, traded shares and want to learn simple strategies to buy calls and puts. What covered call can do as a strategy). Dive into using options as insurance, cover positions or to strategy for a future outcome.
I don’t think I can share about Expert level as I don’t think I’m expert level yet. Just a Casual Investor.
Your votes on the topic will allow me to focus more on my content and sharing on the YT Channel:Casual Investor Talks
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As its a new Channel just created with video to Episode 1 on August 8. Plans are to create and post more each week. Click on Video link to support. Thank you.