June 2024 was the first time I tried my hand in active trading with Moomoo. I thought I could get into trading stocks, but I make many mistakes, unable to understand (albeit lazy and burdensome to learn) the charts with the candles, hammers, and what not, I bought NVDIA when it was almost ATH, and now, with the onslaught selling and seeing red, I know I am unable to actively trade stocks with my poor knowledge and understanding of the stock market (and also FOMO), and too old to stay up at night to actively trade and scrutinizing the red candles.
Zimbo : Navida has been challenging.. Those who made the real money… have already done so. I am cautious going forward knowing that Semi conductors depend on Asia and the US relationships make it difficult. I try and look for trading opportunities here because it has volume and liquidity.. However, that means wins and losses. I had awesome trade at the beginning of the week.. but with downward trends it is almost impossible to find the bottom. I’m in at 118.00 …best senerio we back at 120 levels… worst we @100.. both are real possibilities.
103459281 Red Dragon OP Zimbo : True that...but I was FOMO, jumped on the bandwagon when I first started trading on MooMoo.But i will still keep the NVIDIA stocks that i bought at 125-130 (only 8 shares in total )as I aim for long term capital gain for years to come
103436596 : go ahead
Minlock : you're not alone brother.
fadfunky : to control your emotion, you have to learn money management in yourself first before you start trading or investing in any capital market.
money management in yourself is quite simple,
manage your monthly net income by
1. commitment
2. expenses
3. savings
4. idle fund / extra money
use your idle fund to trade or invest.
goodluck
104313282 : I see that I'm a younger version of you since my journey is only 5 years long (or short). But I'm dabbling in the same stuff i.e. ASNB Ria, Wahed etc. Also same mentality and risk tolerance too. I came here due to your post mentioning HLAL and wanted to point out that MBB stock is not Shariah-compliant, just in case that is of importance to you. All the best to both of us in our journeys!
Ts HjZ 104313282 : Agreed with you. Mbb non shariah
Ts HjZ : Stay dca with SPUS and HLAL etf and gain more than asb