Nov 2024 PNL sharing - in-depth
My 6-month probation (Started on 6 June) period is coming to an end (7 Dec 2024), so it's time for an evaluation.
Old believes debunked
1) I used to (naively) think that dividen stocks is my ticket to easy investing. WBA, STLA, EC, VALE were some of the stocks I bought into heavily and ended up very disappointed. The USD devaluation and the 30% WHT only made things worse.
2) The need to fill up the portfolio asap once I decided on my starting capital. There was a sense of euphoria and a sense of urgency to 'stock up' now, before I learned analysis, timing, and understanding the targetted stocks sufficiently. This didn't end well, while I got lucky 10% of the tine, 90% was a nightmare. TIMING IS EVERYTHING,
3) The hegemony of the USG is a given. This was challenged in late July and further challenged in Aug & Sep. This made me realize I need to pay attention to a wide range of factors. Well, this is thougher than getting a bachelor degree since mistakes cost real money here.
4) The only way to make money is through dividend and stock price increase. Turns out there are more. I can option-trade (new discovery for me, and I'm practising with lower value/ high potential stocks now), I can also be a good student and receive Moomoo reward from time to time.
5) Investment is easy. As long as I have the money, I can put it to work. This is false. Looking back at my losses (minor, but nonetheless...), I have to be really practical about how much time should I spend on this and how much capital should I assign to this game. I can not neglect my bread and butter (my business), and I will increase my capital only gradually as my knowledge grows.
6) I don't need a lot of skills because money will work by itself. This is also false. To play a game well, one needs to know the rules of the game inside out. I feel so fortunate to be able to participate in this worldwide game with clear rules, well-develop mechanisms, and where everything is automated.
Next 3 months priority
1) Master option-trading and use it to achieve goals like premium income, buying, and selling stocks with risk-hedging in mind.
2) Don' stop learning and sharing.
3) Be prepared to gradually exit the US market if more signals of a bear rally presents itself
Old believes debunked
1) I used to (naively) think that dividen stocks is my ticket to easy investing. WBA, STLA, EC, VALE were some of the stocks I bought into heavily and ended up very disappointed. The USD devaluation and the 30% WHT only made things worse.
2) The need to fill up the portfolio asap once I decided on my starting capital. There was a sense of euphoria and a sense of urgency to 'stock up' now, before I learned analysis, timing, and understanding the targetted stocks sufficiently. This didn't end well, while I got lucky 10% of the tine, 90% was a nightmare. TIMING IS EVERYTHING,
3) The hegemony of the USG is a given. This was challenged in late July and further challenged in Aug & Sep. This made me realize I need to pay attention to a wide range of factors. Well, this is thougher than getting a bachelor degree since mistakes cost real money here.
4) The only way to make money is through dividend and stock price increase. Turns out there are more. I can option-trade (new discovery for me, and I'm practising with lower value/ high potential stocks now), I can also be a good student and receive Moomoo reward from time to time.
5) Investment is easy. As long as I have the money, I can put it to work. This is false. Looking back at my losses (minor, but nonetheless...), I have to be really practical about how much time should I spend on this and how much capital should I assign to this game. I can not neglect my bread and butter (my business), and I will increase my capital only gradually as my knowledge grows.
6) I don't need a lot of skills because money will work by itself. This is also false. To play a game well, one needs to know the rules of the game inside out. I feel so fortunate to be able to participate in this worldwide game with clear rules, well-develop mechanisms, and where everything is automated.
Next 3 months priority
1) Master option-trading and use it to achieve goals like premium income, buying, and selling stocks with risk-hedging in mind.
2) Don' stop learning and sharing.
3) Be prepared to gradually exit the US market if more signals of a bear rally presents itself
4) Take a break and come back with fresh eyes
Happy semiversary to me!
Capital gain in 6 months (does not include income from dividend and options), paying the tuition fee
Option market exploration - start small and build skill
Dividend traps - if it looks too good to be true, look harder
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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I Am 102927471 :
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