July P/L Challenge: Tough lessons of a first timer

July marks my first full month using Moomoo since I started in mid June. I'm still going through the Moomoo Tutorials and discovering new features such as the stock picking and analysis tools. July was a mixed month, with some wins and some major losses in the US market after the CrowdStrike outage which led to huge dips in tech stocks. Basically, I'm still learning, but I need to learn faster!

My P/L for July isn't quite right. On 31 July it marks -3.95k which was funding which I used for a Money Market Fund. Moomoo, if you can fix this, would be great.

A portion of my salary is allocated for investing. But again I believe the daily return number here incorrectly includes the portion for MMF as returns.

I try to diversify my portfolio by having a mix of ETF, money market fund, and stocks in both the local and US markets.

I got greedy. I didn't take profit when AMD was up. And now I'm punished. Luckily with a stop loss in place, I was saved from further losses. However, I didn't set a stop loss for ARM, so now I'm stuck going long with it.

As the price increased a week later, looking at RSI6 again to see overbought signals, I partially sold off to protect profits.

Since the price ticked up further, I sold off the rest.

That's it for July. I've learnt that stop losses can be your friend, if set properly. Looking forward to a profitable August!