The Key to Success: Finding What Works for You and Sticking with It Long-Term
In the paper trading competition, I achieved an amazing result, helped by the announcement of the China stimulus plan, which boosted all China-concept stocks. However, it also took resilience and confidence to hold on until the second last day of the competition to capture the large swing movement. I could have exited earlier with a day trade and missed out on buying back at a lower price.
Although I didn’t buy my paper trading stocks before the rise, I did have a Hong Kong position $JD LOGISTICS (02618.HK)$ that I entered a few months before the stimulus plan, which resulted in a 70% return in just one week. On a bittersweet note, I had sold my NIO shares at around $5 for a slight profit before they made a bigger move.
Although I didn’t buy my paper trading stocks before the rise, I did have a Hong Kong position $JD LOGISTICS (02618.HK)$ that I entered a few months before the stimulus plan, which resulted in a 70% return in just one week. On a bittersweet note, I had sold my NIO shares at around $5 for a slight profit before they made a bigger move.
Of course, there are countless trading strategies out there. In my opinion, what works for one person may not work for another. The key is finding what works for you and sticking with it over the long term.
It could be something as simple as a day trading strategy like buying above VWAP, an options strategy, or even trading meme stocks. As long as it’s profitable and works for you, just go for it.
May the market be with you!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
bullbearnme : The Key of Success : Join the Pumper, follows them pumping bad fundamental stock. Before they exist, stay and hold, but after they Exit, hold on the stock and bring more bag to hold it. Notes: please make sure the money you invested is spare money that is not important to you and your family and expect no return but losses on paper
RiotMaraMan : Yes...the key to success is buy NIO and hold....NIO is the TESLA of the east. It is just a matter of time before it boom.NIO has laid out the groundwork infrastructures for future EVs which other company dont have.
Dragon Fish RiotMaraMan : The Tesla of the East is BYD. Don't make such a claim.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")