Mooers' Stories | Meme lover @SpeedyStud predicted Nvidia's fall and gained 20%
Hi, mooers. Welcome back to Mooers' Stories, where we present mooers' insights and experiences from our community. 🎤
We're honored to invite @SpeedyStud, the CHAMPION of Meme Competition![]()
, to share his story with all the mooers in our community. Let's shout out to him! ![]()
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Dive in here:
-- Right now I'm in Ottawa, and I'm studying in Carleton University.
-- I started working and have been working for about 4 years now. I realized I should do something with my money instead of letting it sit in the bank. So, when I started university and opened an investing account. I've been investing for about one year now.
-- I wanted my money to do more than just sit in the bank. At first, I struggled with the stock market and didn't know where to start. In the beginning, I mostly used Google to search for information and learn the basics. Then, last year, a friend recommended the moomoo app, and that's when I started to use it. I think it was pretty good because all the information up there is pretty easy to access.
-- When I started, I was very conservative and focused on long-term investments like dividend stocks. After learning more, I found that monthly investing works best for me. I buy a certain amount and then sell it after a month or two.
-- I am now actually more willing to engage in short-term trades that last one to two months.
-- Initially, I didn't know much and would panic sell if prices dropped, which caused me to lose a few grand. Over time, I learned more by watching YouTube videos and using resources on the moomoo app. Now, I mainly buy tech stocks like $CrowdStrike (CRWD.US)$, $Palo Alto Networks (PANW.US)$, and $NVIDIA (NVDA.US)$. My strategy is to buy monthly, especially if a stock is down about 10%. I'll hold it for a month or two and sell if it goes up. If it doesn't, I'll keep holding because I believe in the long-term growth unless there's a major issue with the company.
-- Yes, I usually set a stop loss at around 5% to 7% on my stock. This helps me limit losses in case the stock price crashes.
-- My proudest moment was with $NVIDIA (NVDA.US)$. Before their earnings report, most of my friends thought the stock would go up. I decided to sell everything before the earnings announcement and then rebought after the stock dipped. This decision saved me from a big loss and turned out to be my best trade ever! It's around 20% gain!![]()
--All the information on moomoo is pretty easy to access, which has been very helpful. That's actually how I started my investing journey this year. I'm actually been learning and practicing paper trading on moomoo for options. I might consider trade options on moomoo later.
-- For me, I like moomoo’s accessible information and learning resources, like short educational videos. I would suggest having more of these. I would also recommend more features like heat maps for tracking stocks. Sometimes I also use feature lists to see what kind of stocks are going up or going down to discover new stocks.
Also, I really like the company page, the stock page. You can see all the stats and stuff like that.
-- Well, I think the community features can be better, like a discovery page with various investor groups. This would help investors to discuss with and learn from other users, which can be a more engaging experience.
-- In Canada, many people at my age struggle to know where to start investing. I believe a community page would help, as sharing and learning from each other is valuable. The hardest part is getting started. I began investing to earn extra money for university while balancing work and studies. Many students want to do the same but might not even be aware of investment apps available to them.
-- I would also say don't just buy a single stock, because if it goes down you're basically gone. It's essential to stay calm and do thorough research before investing. And share your knowledge with others, which is a valuable way to enhance our trading skills!
-- I mostly learn from people that fail a lot and give out information, telling people "oh don't do this strategy because this one has a few flaws" like that. I learn from people that failed. So I can see maybe this won't work.
So for me, my main goal for investing is that I'm trying to make enough money so I can retire before maybe 45 or 40 so that I can travel a lot. Most of my friends are trying to do the same thing.
We truly appreciate Hank for sharing his valuable and inspiring experience with us! ![]()
What else do you want to know about @SpeedyStud? Any other topics you wanna discuss with him? Comment below to let him know. He will pick up some questions and answer them directly. ![]()
30 points for mooers who raise insightful questions.
If you also want to share your own story, just comment below or private message Mooers Lab! We want to see more of you! ![]()
Leave your comments now!
Thanks for your time. See you next time! ![]()
Disclaimer: This presentation is for information and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Before investing, please consult a licensed professional. See this link for more information.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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102362254 : Thank you for sharing your story. I’m curious - As a young investor, how do you view the use of leverage in your strategy, and what factors do you consider when deciding how much risk to take on?
Lazy Cat Invests : Thanks for your inspirational sharing. I would like to know if there are any specific rationale for your setting of stop loss at about 5-7%?
104658105 : Hank good evening
mr_cashcow : Thanks for sharing! Would like to know how u determine when to take profit and usually how many %?![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
SpeedyStud 102362254 : My stop-loss strategy typically varies depending on the stock. It can range from 5-8%, influenced by factors like volatility, news, trend lines, and sometimes analyst ratings. Each stock is different, so I adjust accordingly. Additionally, I consider my belief in the company—if I trust in what they are doing and understand their offerings, I may factor that into my decision-making process as well
SpeedyStud 104658105 : What’s up!
SpeedyStud Lazy Cat Invests : When a stock is in a downtrend, it can either crash quickly, like ASML recently, or decline more slowly. I typically set a stop-loss of around 5-7% for the more rapid declines. For stocks that are gradually trending downward, I usually go with a 6% stop-loss. However, since some of the stocks I invest in can be volatile and might rebound quickly, I sometimes choose to wait and not act immediately ( just some of my thoughts lol
SpeedyStud mr_cashcow : Check out some of my posts! I usually set a target price before buying a stock. When it hits, I’ll sell about 2/3 and keep the rest to see if it keeps climbing. If the uptrend’s looking strong with no signs of pulling back, I’ll just update the target and let it ride lol ( but usually I’ll just cash for target and not be greedy lol
ZnWC : Thanks for sharing your investment journey![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Here are my questions:
1) You mentioned that many students like you don't know how to start learning investment. What do you think is the most important lesson about investment?
2) Do you think trading crypto is a form of investment? If so, how do we get started since it doesn't have any value?
3) How do you manage fear and greed when trading under a volatile stock market?
118062799 : only 20%??? how much money is that lol
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