Alibaba: Value Trap
It is always surprised me here in Singapore with many bright stock gurus whose I highly respected and followed them regularly but when it comes to Chinese stocks especially $Alibaba(BABA.US)$ they became extremely optimistic. Their main reason always is because Alibaba has very strong and profitable business and the current regulatory crackdown will only make Alibaba stronger. However in reality since last year when the Ant IPO being can...

I posted the comment below almost a year ago and got lots of criticism. Today after almost a year passed by, Alibaba is still on LONG TERM DOWNTREND!!! I said and sold all my Alibaba holding after the cancellation of ANT IPO in the year 2020.
Long Term Downtrend for Alibaba
It is very puzzling for such a long time (since last year cancellation of Ant listing and especially so after common prosperity) for me to see so many stock experts became overly optimistic (when...

Many CEO/investors succeeded in making a fortune by having wealth philosophy which see money as a tool to build wealth. He/She has good money habits for savings and invest prudently. In short save wisely and invest prudently. Personally I believed the best investment opportunity in the near future is in good technology stocks because the world is entering the new era with increasing competition in the areas of Metaverse, Virtual Reality and 5G etc. Last but not least, m...

Despite the recent optimism about the end of the war, I believed the worse is not over yet. I hope I am wrong and the war will end soon. In the current market uncertainty (despite signs of market turn around), I am adopting wait and see attitude. I did buy a little bit of Tesla during the market dip recently but planning to buy more if market drops again. My current strategy is buy and hold with DCA cautiously.

Stock splits for tech giants is very positive for investors since it will improves the prospect of price appreciation. Thus I will definitely prefer to buy some during market correction. I also prefer to buy FAAMG stocks especially during the current market correction due to unthinkable war since these tech giants will give me confidence and peace of sleep during market volatility. Holding power is important during this difficult time, I will also DCA cautiously.

My strategy is buy and hold even after I bought the stock price drop and turned out I bought high. I will only buy the stock   if I fully confident the stock has future prospects and thus even I bought high I convinced the price will eventually go up. I will only sell when the reasons for me to buy the stock disappeared. For speculation purposes, I will only play small and set the profit target and cut loss point and execute the plan with discipline. In this respect I will sell when ...

The title sums up my takeaway as my failed experience as short term trader. The 3 main components of trading: Method, Money Management and Psychology with the first two most people including myself have no problem learned and mastering. Every guru has different method (mainly entry point, cut loss point and profit taking based on technical indicators, many people sharing their method in internet and here in Moomoo) and money management (mainly risk reward ration) however psychology can be learned but difficult to execute. For example I cut loss according to my rules however the stock price rebounded and went up sharply shortly after. The next time it reached my cut loss point, I hesitated and only cut loss when I had suffered big losses on the trade. At the end, I concluded that for me, mid and long term investing not only  more suitable and relaxing but actually more profitable. To all those successful short term trader, my highest respect. Last but not least, I believed in buy on rumour sell on news (proven many times). Cheers!