It has been a roller coaster for all investors this year. Prior to covid, I understand a lot of investors in Singapore (including myself) are reluctant to enter US stock market due to the high fees. With Moomoo, it give us a golden opportunity to enter and witness/participate in the bloom in tech and EV stocks. Although there’s a correction now, I believe and hope that the market will be rising again. Stay invested, my fellow investors in arms.
It is important to read the charts, the p&l statement, earnings reports, etc to stay abreast on what is going on. Instead of gambling, I will read the candle sticks, find out the moving average to choose the stocks. Having a stop loss is important too to secure your win and limit your losses. Lastly, read news so that you know what factors can cause which stocks or the whole market to go up or crash.
it is important to set a price target and take the win without being ambitious or emotional. Some stocks may plummet after rally for days.
Many people hold stocks for long term and don’t care about paper loss. After holding it for months or even years , it may become profit eventually. Similarly paper profits may become loss if you hold for long.
Hence, as we diversify and buy different stocks, we should set a target price (profit and loss). Once it hit the target (profit), we will have to sell it. For stocks that went down, we can consider to hold first and DCA if the fundamentals and moat are strong. If need to, sell it fast to prevent further loss. Sometimes playing the long game may be a good choice, but we need to have the capital and patience to play it.
Many people hold stocks for long term and don’t care about paper loss. After holding it for months or even years , it may become profit eventually. Similarly paper profits may become loss if you hold for long.
Hence, as we diversify and buy different stocks, we should set a target price (profit and loss). Once it hit the target (profit), we will have to sell it. For stocks that went down, we can consider to hold first and DCA if the fundamentals and moat are strong. If need to, sell it fast to prevent further loss. Sometimes playing the long game may be a good choice, but we need to have the capital and patience to play it.
I believe after the recent short correction, all the tech stocks like facebook, amazon will go up again! To the moon with Jeff Bezos!
1
$SPDR S&P 500 ETF(SPY.US$ will it rise today?
3
2