Oct 2024 PNL sharing - in-depth
Started my investing journey in June, so it's my 5th month now. Time flies, and I didn't feel it at all because the journey was pretty engaging.
Rough start - mistakes made and USD devaluation set me back -8% from my total capital injection (no withdrawal made).
I insisted not to inject any new capital until and unless I prove to myself I can beat the market.
Over time, the strategy and tactics I want to deploy became clearer to me.
1) My safe haven is my MY and SG good quality stocks. My intention is to hold the positions for the long run.
2) I allow myself to take risks in the US market, hone my skills and seek short-term income to increase my capital (through dividend focused stocks and ETFs, option trading), and prove to myself I can be good at this. Due to the high cost of US equity, I'm very far from having an ideal portfolio, which is to hold at least 100 share units of 10 good quality/ higher price stocks to generate option income with. I'm far from that because I only have 4 now, and none of them are the desired price point I want them to be.
3) Take advantage of rewards and learning Moomoo offers to improve my trading profitability over time.
75:25 fund split between US and MY/SG
Make some corrections to switch into ETFs holdings that focus on option income for short-term capital increase. This section of the portfolio is the most risky and needs monitoring.
USD devaluation resulted in huge portfolio downsize in Aug and Sept.
Winners and lovers.
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Many sacrifices were made to make way for my portfolio reshuffle. I cut my positions on shares that have weak fundamentals (I chose them earlier for their high dividend) and US shares that are far from 100 units (to enable option trading)
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Looking forward to continuous improvement.
Happy investing, trading, and speculating everyone!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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A casual investor from MY, learning about the world of equity investment and setting up my retirement portfolio.
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102236139 : RM57422.84
CNNT OP 102236139 : damn![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
102811537 : Learning for me from your post is to avoid ETF or Funds. Better to go for stocks. At least we have control to review fundamentals and a bit of technical.
CNNT OP 102811537 : That would be ideal, but that would also require a lot of capital + deep first hand knowledge, which I'm not confident of now.
I consider myself in a learning and experimentation stage, so I'm allowing myself to make some risky moves and see how it goes.
Thanks for the feedback though.
102811537 CNNT OP : I disagree on huge capital. I am starting with a much lower amount than you however I do see some stock returns from 5% to up to 28%. I did make some mistakes, so I also need to recover that amount before all my gains are positive. Though the amount itself maybe small but looking at percentage of returns, it is better than ETFs. Anyway, no wrong or right. This is just my opinion.
RIDZWANSHAH : hye im also newbie investor, just a side note sometimes people don't understand between gambling, trading and investing. they been told somemore that all are the same, the one that told me that this is gambling is the one who buying number from gambling company that i have own the share hahahaha . but anyway gambling to throw your money, trading for gaining money , investing to grow your money that i have to say.
CNNT OP RIDZWANSHAH : I don't deny there is some degree of pure speculation or gambling element in it. For example, in most cases, you really can't tell the next date which direction a stock would go. But... that's just a small part of it. The bigger part is still studying, analysing, testing, etc. I wish those armchair critiques could just get on board and experience it for themselves.
102811537 : Since someone commented, I was brought back to this thread. I finally recovered the amount I lost initially. Now I am gaining a return finally. Next step is to double what I put in. Slowly and steadily
CNNT OP 102811537 : Ya, on one hand, I can see it, but I'll just take it as a lesson. on the other hand, I feel very uncertain about the US stock market.
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
entry price is so important
I got Vale at 11.70
102811537 CNNT OP : Yea. While fundamentals are important, the entry point is all technical. Finding the bottom. Sometimes I did make a mistake where it wasnt the bottom. Vale still drops below my entry sometimes. Very volatile now
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