101653612_toastz
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101653612_toastz
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$SoFi Technologies (SOFI.US)$ stocks probably wont rally. if it does, it wont rocket. the whole market isn't doing so well now anyway. good thing is they have positive earnings, as long as they keep earning n growing, the stock price will eventually justify. that being said, ima stop check the price everyday now. see ya all!
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101653612_toastz
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$Palantir (PLTR.US)$ too many comments that they will add if it dips. Add if this starts ripping - the stock has to prove it will go up before putting more money into it. Not saying adding on any dip is a bad idea as we're at bottom. But add to the winners to be a successful trader.
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101653612_toastz
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I started my investment journey in Aug 2021. Been there in both Moomoo and Tiger promotions. Moomoo's app GUI and typesetting won me over with the ease of use. The multitude of functions such as Options Trading, Level 2 quotes and Stock Analysis aided me tremendously in my trading journey. Allow me to recap my five months of learning journey:
****************************************
Chapter 1: Noob Start in Local and My 1st Option Trade - Aug 2021
My initial strategy is to invest into local market: (1) Invest in Bank and REITS.
"Could be better" Trade: FOMO into dividend bank stock $OCBC Bank (O39.SG)$ and been bag-holding till now. Did not know that after ex-dividend, the stock will usually tank equivalent to dividend amount.
In the same month, I learnt about Options Trading. I made my 1st CSP on $Coinbase (COIN.US)$, and closing early to make a tidy profit. I also learnt that I do not need to maintain full securities to cover CSP as Moomoo allows Margin account to cover the principal.
Transaction
Note: Moomoo is great to support both Cash Secured Puts (CSP) and Covered Calls (CC) which will allow the possible implementation of Wheel Strategy.
******************************************
Chapter 2: Options and it's danger - Sep to Oct 2021
Revised Strategy: (1) Invest in Bank & REITS (2) Income through Selling Puts
I intensified on Options trading specifically on selling puts to generate income. Although CSP provides premium as income stream, there is a risk of unlimited downside if the underlying stock price goes down quickly. This happened to me when $Adobe (ADBE.US)$ tanked from 600+ to 500+.
Learning Point: Be cognisant of unlimited downside risk for selling puts. Learn how to roll down and out if needed. Disclaimer: DYODD
***************************************
Chapter 3: Discovering joy of Scalp Trading - Nov 2021
Enhanced Strategy: (1) Invest in Bank & REITS; (2) Income through Selling Puts; (3) Scalp Trading
I started day trading in Nov. I learnt about basics of technical analysis and uses candlesticks, EMA and VWAP for Scalp trade. In Nov, I made a total of 131 trades with ~1.65 mil in turnover . However, I only made 0.18% in profits which is good enough for me.
Transaction Stats
Good Trade: $BioNTech (BNTX.US)$ Took the scalp trade on 3 green 🕯. Exited quickly after 3 mins trade
Learning Points: Separate investment and trading, Curb emotions, do not FOMO, set Stop Limits for both profits and losses, Accept losses gracefully.
***************************************
Chapter 4: Leaps into the future - Dec 2021
Tweaked Strategy: (1) Invest in Bank & REITS; (2) Income through Selling Puts; (3) Scalp Trading and (4) Control future with LEAPS
The last month of 2021 saw extreme volatilities in equity market. My long-term portfolio shrank by 15%. I added another option strategy: LEAPS into my investment plan. LEAPS entails buying long option calls deep into future (1 year or more). I added two stocks that I feel that will rise by Jan 2023: $Palantir (PLTR.US)$ $SoFi Technologies (SOFI.US)$
Tips: Buy ITM LEAPS when the underlying stock price is low or reached certain pressure lines. Disclaimer: DYODD
***************************************
In Summary
It has been a rewarding and fruitful learning journey in investing. Although I missed out the initial QE ride last year, the painful lessons I learnt now in 2021 will be useful for my future trades. I will continue to fine-tune my investment strategy to improve my expertise in 2022.
Many thanks to Moomoo for the great contents such as News, Courses, Seminars etc and not forgetting the selfless sharing of experiences by fellow Moo-ers!!
"Looking forward from Moomoo":
(1) Advanced options strategy such as Iron Condor and Credit Spreads
(2) Crypto Trading
****************************************
Chapter 1: Noob Start in Local and My 1st Option Trade - Aug 2021
My initial strategy is to invest into local market: (1) Invest in Bank and REITS.
"Could be better" Trade: FOMO into dividend bank stock $OCBC Bank (O39.SG)$ and been bag-holding till now. Did not know that after ex-dividend, the stock will usually tank equivalent to dividend amount.
In the same month, I learnt about Options Trading. I made my 1st CSP on $Coinbase (COIN.US)$, and closing early to make a tidy profit. I also learnt that I do not need to maintain full securities to cover CSP as Moomoo allows Margin account to cover the principal.
Transaction
Note: Moomoo is great to support both Cash Secured Puts (CSP) and Covered Calls (CC) which will allow the possible implementation of Wheel Strategy.
******************************************
Chapter 2: Options and it's danger - Sep to Oct 2021
Revised Strategy: (1) Invest in Bank & REITS (2) Income through Selling Puts
I intensified on Options trading specifically on selling puts to generate income. Although CSP provides premium as income stream, there is a risk of unlimited downside if the underlying stock price goes down quickly. This happened to me when $Adobe (ADBE.US)$ tanked from 600+ to 500+.
Learning Point: Be cognisant of unlimited downside risk for selling puts. Learn how to roll down and out if needed. Disclaimer: DYODD
***************************************
Chapter 3: Discovering joy of Scalp Trading - Nov 2021
Enhanced Strategy: (1) Invest in Bank & REITS; (2) Income through Selling Puts; (3) Scalp Trading
I started day trading in Nov. I learnt about basics of technical analysis and uses candlesticks, EMA and VWAP for Scalp trade. In Nov, I made a total of 131 trades with ~1.65 mil in turnover . However, I only made 0.18% in profits which is good enough for me.
Transaction Stats
Good Trade: $BioNTech (BNTX.US)$ Took the scalp trade on 3 green 🕯. Exited quickly after 3 mins trade
Learning Points: Separate investment and trading, Curb emotions, do not FOMO, set Stop Limits for both profits and losses, Accept losses gracefully.
***************************************
Chapter 4: Leaps into the future - Dec 2021
Tweaked Strategy: (1) Invest in Bank & REITS; (2) Income through Selling Puts; (3) Scalp Trading and (4) Control future with LEAPS
The last month of 2021 saw extreme volatilities in equity market. My long-term portfolio shrank by 15%. I added another option strategy: LEAPS into my investment plan. LEAPS entails buying long option calls deep into future (1 year or more). I added two stocks that I feel that will rise by Jan 2023: $Palantir (PLTR.US)$ $SoFi Technologies (SOFI.US)$
Tips: Buy ITM LEAPS when the underlying stock price is low or reached certain pressure lines. Disclaimer: DYODD
***************************************
In Summary
It has been a rewarding and fruitful learning journey in investing. Although I missed out the initial QE ride last year, the painful lessons I learnt now in 2021 will be useful for my future trades. I will continue to fine-tune my investment strategy to improve my expertise in 2022.
Many thanks to Moomoo for the great contents such as News, Courses, Seminars etc and not forgetting the selfless sharing of experiences by fellow Moo-ers!!
"Looking forward from Moomoo":
(1) Advanced options strategy such as Iron Condor and Credit Spreads
(2) Crypto Trading
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101653612_toastz
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$SoFi Technologies (SOFI.US)$ Not a financial advise,
do your own research and diligent. Happy investing :)
do your own research and diligent. Happy investing :)
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101653612_toastz
liked
$SoFi Technologies (SOFI.US)$ Great company.
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101653612_toastz
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$SoFi Technologies (SOFI.US)$
I have been selling leaps puts and buying physical stocks at 15. I am happy when market is fearful, you can pick good bargain.
I have been selling leaps puts and buying physical stocks at 15. I am happy when market is fearful, you can pick good bargain.
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