Mooers' Stories | Achieving a significant profit in a short amount of time @Mike

"I started trading when I was an undergraduate, probably in 2003..."

"The greatest challenge I faced was in 2015 when stocks made a sudden and drastic drop after a period of surging."

"It's great to be able to connect with other traders and share ideas and insights in the moomoo community."

"Trading is easy on moomoo. Just three taps on your phone screen, you've completed a trade!"

My trading journey began in 2003 when I was still an undergraduate. Trading runs in the family. My father has been investing in stocks since 1993. During my college years, the market was thriving, and many of my classmates were trading, so I decided to give it a shot. Needless to say, I managed to make some gains.

📝 Trading is a journey with gains and losses

There has been an instance along my investing journey where, I made a significant profit in a short amount of time. Can that be considered a success? Achieving a significant profit in a short amount of time isn't always possible. Remember the meme stock? It was between individual investors and Wall Street whales. I earned 40 times my original investment during that period but didn't buy it at the start. I only started buying it when the stock price rose on the second day, and I couldn't sell it at its peak. I closed my position one day before it reached its peak.

But losses in options trading that lead to zero returns are all too common. The greatest challenge I faced was in 2015, when stocks made a sudden and drastic drop after a period of surging. It was really tough, as many stocks had their openings limited, and almost every trader was affected. Of course, I didn't suffer a huge loss as my positions were quite small. But the sense of desperation was very real. You had no chance to retrieve your losses in such a terrible situation.

We might, you know, meet many challenges in trading. And it is probably because you don't have sufficient knowledge. Even when we feel like we've learned everything there is to know, there's always more to discover. There's always a wider world beyond what we know. Emotions can run high during trading, making decision-making all the more challenging. To be brief, the key to success is to keep learning and maintain a cool head.

🔍 Why moomoo?

● Easy to use interface. Before this, I was already using Futubull, so I had no trouble adapting to the features of moomoo. They're similar enough, except for a few tweaks here and there.
● Reasonable charges. You guys did a really good job. The charges on moomoo are totally reasonable.
● Moomoo community. I really love the social features of moomoo. It's great to be able to connect with other traders and share ideas and insights in the moomoo community.

Moomoo just makes sense as a trading app. It's simple to use, highly functional, loaded with information, and fosters a sense of community among users.

💡 What features stand out to me?

● Moomoo Learn. If you're looking to learn about trading, the moomoo app is where it's at. You'll get access to tons of tutorials that are super helpful.
● Moo Community. The community of traders is incredibly valuable for those seeking to improve their skills. Through articles and posts from experienced traders, you can gain valuable insights that can help you become better at trading.
● Paper Trading Competition. I know the PaperTrade feature and a competition relevant to it. That's really great.
● Algo. If you're a trader who likes to get hands-on with trading strategies, moomoo's Algo feature is perfect for you. With the ability to write your own code and program your strategies, the possibilities are endless.
● Option Rankings & Stock Ranking. These rankings are really cool, especially during the earnings seasons. When a company releases its earnings report, a stock could experience a significant increase or decrease in value, and the rankings offer a chance to potentially leverage those movements. I haven't come across similar features in other apps.

🙌 If I am asked to give some feedback...

● About account opening and deposit: It is good. Transferring funds directly from my Ebanking account saves me time and money, and the exchange rates offered by moomoo are highly competitive.
● About quotes: One thing I really appreciate about this platform is how quickly the quotes are updated. I also find the Level 2 market data really helpful. (While Level 1 market data is certainly helpful for traders not concerned about small price changes, Level 2 market data helps experienced and short-term traders by offering the WHY behind price movements. Level 2 data is free to moomoo users that have an approved brokerage account with Moomoo Financial Inc. There are four main features that traders look at to gain insight and information about stocks from level 2 trading data, such as market depth, stock liquidity, trade timing, bid-offer spread.)
● About customer support: I've been really impressed with moomoo's customer service. They're always available when I need them. It doesn't matter if it's morning, afternoon, or evening. There always seems to be someone there to help. Are you all working around the clock?
● About trading: Trading is easy on moomoo. Just three taps on your phone screen, you've completed a trade!
● About pricing: While there are some completely free apps out there, I think you all are among the most cost-effective options available.