Lessons learned from Weekly Challenge
On the moomoo daily quiz, I found the questions to be straightforward and logical. However, I struggled with the stock prediction questions, often relying on guesswork. So far, I've accumulated 270/300 points.
For the weekly challenge, I initially adopted a conservative approach, focusing on ETFs like DIA, VOO, SPY, and SCHD. After a positive first week, I was tempted to increase risk by following a friend's lead and investing in individual US stocks, including QQQ, MCD, and Alibaba. Unfortunately, this aggressive strategy backfired, resulting in a negative return.
Through this experience, I learned the importance of sticking to my investment strategy and avoiding impulsive decisions. I also realized the significance of understanding the underlying fundamentals of a stock before investing. Moving forward, I plan to rebalance my portfolio to a more conservative allocation and focus on long-term growth.
Good luck to all Mooers in your weekly challenge!
Through this experience, I learned the importance of sticking to my investment strategy and avoiding impulsive decisions. I also realized the significance of understanding the underlying fundamentals of a stock before investing. Moving forward, I plan to rebalance my portfolio to a more conservative allocation and focus on long-term growth.
Good luck to all Mooers in your weekly challenge!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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