Anson Liaw
reacted to
Lately, there's been a surge in folks on moomoo diving into options trading. But for those just stepping into the game, understanding what options are and how they work might still be a bit murky. ![]()
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Funny enough, I've been in the thick of it lately, battling scalpers for concert tickets. And in the midst of those trades, it hit me: with demand outstripping supply, it's more akin to futures or even options trading than just a simple concert ticket purcha...
Funny enough, I've been in the thick of it lately, battling scalpers for concert tickets. And in the midst of those trades, it hit me: with demand outstripping supply, it's more akin to futures or even options trading than just a simple concert ticket purcha...
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Anson Liaw
liked
Columns Best time to sell for profits
Have you ever experienced this before? The moment you sell, the stock price starts to shoot up... 😅😅
But the moment you decide to keep the stocks for longer, the prices start going down instead... 😭😭
Do you want to know what is the best time to sell your stocks so you can avoid missing out the potential profits?
If yes, check out my video below😉😉
https://youtu.be/3b-7y5VeDVE
But the moment you decide to keep the stocks for longer, the prices start going down instead... 😭😭
Do you want to know what is the best time to sell your stocks so you can avoid missing out the potential profits?
If yes, check out my video below😉😉
https://youtu.be/3b-7y5VeDVE
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Anson Liaw
commented on
I believe everyone had beginner luck, provided they don't close their trade very early and willing to withstand the ups and downs of their stock.
For instance, when I started back in early March 2020, I bought a put on $SPDR S&P 500 ETF (SPY.US)$ when the virus started but many place is not lock down yet. it went up and down, which I closed my position in loss as I am fear of the uncertainty. Now looking back, if I hold it to almost the end of the expiry date, I would easily 8-9x my principal if I stay firm with what I believe in.
During the same period of time, I also invested in $Tesla (TSLA.US)$ and $Bitcoin (BTC.CC)$, and I held and dollar cost average till today. There's many time I had the feeling of selling them but in the end I just ignored these feelings. As I know I need to believe in myself and do nothing unless my conviction has changed.
So do I have beginner luck? I will say yes but it depends on the how long your time horizon is. So don't penny wise pound fullish.
For instance, when I started back in early March 2020, I bought a put on $SPDR S&P 500 ETF (SPY.US)$ when the virus started but many place is not lock down yet. it went up and down, which I closed my position in loss as I am fear of the uncertainty. Now looking back, if I hold it to almost the end of the expiry date, I would easily 8-9x my principal if I stay firm with what I believe in.
During the same period of time, I also invested in $Tesla (TSLA.US)$ and $Bitcoin (BTC.CC)$, and I held and dollar cost average till today. There's many time I had the feeling of selling them but in the end I just ignored these feelings. As I know I need to believe in myself and do nothing unless my conviction has changed.
So do I have beginner luck? I will say yes but it depends on the how long your time horizon is. So don't penny wise pound fullish.
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. I dollar cost average (DCA) into TSLA and BTC near their ATH. Right after that it retraced for 30-50% for almost half a year 
. Had I quit my position, I will be making losses. ![[empty]](https://static.moomoo.com/node_futunn_nnq/assets/images/folder.5c37692712.png)
![[error]](https://static.moomoo.com/node_futunn_nnq/assets/images/no-network.991ae8055c.png)
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