I net +22 on moomoo this q1, but the taxes I have to pay for gains next year that aren't deducted from the losses will be more than $22, making me actually negative. I use moomoo as an active bi-daily trading (cuz day trading isnt allowed apparently) account with very minimal starting position to learn so it's no big deal. I wasn't active enough on heated days tho and that's why I havent reached my goal. Aside from this, this is now a great time to start buying long position...
90% of thr time I buy something the stock dip lower, but mostly bc i was buying when it already dipped. I expect the stock will grow in the long term tho, so I do the HODL strategy. If I still have money when it dip lower i'll continue to buy, and doubly if I have at least 100 shares of a stock I'll sell a 0.9 delta short term option and close it as soon as it make a .7-.8 lost in option value, usually the .9 delta strike would be higher than the stock's previous high so if I...
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As an impatient person, I went in the stock market with the beginner luck and the following year immediately took an equally hard beat down. I thought that my trading strategy is good enough. I was very wrong. I have developed my philosophy to more patient and less sporatic. I used to take any deal that I think is discounting, without spending a week looking at the underlying asset's fundamentals and why they are at the price they are now. the reason being I was FOMO that th...