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Find out why now could be the best time to buy $Gold Futures(AUG4)(GCmain.US$ using cycle analysis for the past 25 years, point and figure target and the Wyckoff analysis method for $SPDR Gold ETF(GLD.US$ , $VanEck Gold Miners Equity ETF(GDX.US$ . This video is extracted from my Weekly Live session on 14 Nov 2021. Watch the video below:
$First Majestic Silver(AG.US$ , $Barrick Gold(GOLD.US$ , $Newmont(NEM.US$
$First Majestic Silver(AG.US$ , $Barrick Gold(GOLD.US$ , $Newmont(NEM.US$
![Invest in Gold Now and Hold It to 5000 on the Next Bull Market](https://ussnsimg.moomoo.com/2761503163884773437.png/thumb)
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Everyone is emotional at times, so there is nothing wrong with emotional people. It's just that we need to learn to control our emotions, not lose our mind due to momentary impulses, cause erroneous judgments, and cause mistakes, especially in the trading process. When we make wrong choices or miss opportunities, we should never be emotional, maintain a good mindset, learn to face reality and mistakes with courage, and think calmly about ways to solve problems. It is not retaliatory trading, because retaliatory trading is the biggest and most terrible mistake. It's very dangerous!
We need to be patient and confident, believe in ourselves, read more about the experiences shared by the experts, enrich our knowledge about investment and trading, know more about all the information on the stocks we choose, and not be afraid of the pressure, pullbacks or rises brought to us by market turmoil. We all stabilize our emotions, analyze clearly, think carefully, trade with the best mindset, learn slowly, improve slowly, and grow slowly!
There is a lot of pressure in life, work, and investment. If we maintain a good mindset, life will be better!
We need to be patient and confident, believe in ourselves, read more about the experiences shared by the experts, enrich our knowledge about investment and trading, know more about all the information on the stocks we choose, and not be afraid of the pressure, pullbacks or rises brought to us by market turmoil. We all stabilize our emotions, analyze clearly, think carefully, trade with the best mindset, learn slowly, improve slowly, and grow slowly!
There is a lot of pressure in life, work, and investment. If we maintain a good mindset, life will be better!
Translated
![How do I adjust my trading mindset](https://ussnsimg.moomoo.com/moo-1641471354-102850556-iPhone-1-org.jpg/thumb)
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trading emotions rather than rules
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2021 is a year of recovery. In Jan 2021, the world is promised with an effective vaccine for Covid and the reopening of economy. Fast forward to Dec 2021, we have battled the Delta variant and now battling the Omicron.
With the Covid as backdrop, the world has been kept busy. Some of the key events in the market include:
* Reddit trying to take on Wall Street. This marks the beginning of meme stocks in a big way. $GameStop(GME.US$ $AMC Entertainment(AMC.US$
* China and her common prosperity policies which have impacted the Chinese listed companies, especially Chinese Tech. $BABA-SW(09988.HK$ $TENCENT(00700.HK$
* $Bitcoin(BTC.CC$ hit all time high of ~$67K and the growing popularity of NFT.
* $Meta Platforms(FB.US$ changed its name to Meta and the entire metaverse ecosystem.
* The sell off of growth stock in Dec (probably still ongoing now). We have seen some of the growth stocks came down more than 50% from its all time high. $Sea(SE.US$ $Zoom Video Communications(ZM.US$
At a personal level, 2021 has been a year of learning. I shifted my focus from Singapore dividend stocks such as $DBS Group Holdings(D05.SG$ to US growth stocks. The learning curve is steep but satisfying. My take away from my investing journey this year:
1. Build strong conviction
Conviction is build after you have done your research. Having a strong conviction about the companies you owned helps you through volatility and prevent panic selling. For example, $Pinterest(PINS.US$ has not done well recently. I went through my checklist and the thesis still looks intact. So despite the draw down, I have decided to hold.
2. Be Patient
Companies need time to execute and that will be reflected in their share price if they execute well. Very often this does not happen overnight. Sometimes the share price may not go up in a straight line, you may have to endure some drawdown before it is up again. It is therefore important to have patience.
By being patient, it help us to find the next 100 baggers.
$Apple(AAPL.US$
$Amazon(AMZN.US$
3. Be humble and keep learning
The more I learn, the more I know that I do not know. Sometimes I thought I have it all covered and Mr Market threw me a curveball.
I am grateful for the great community that @Investing with moomoo @Meta Moo @moomoo Singapore have built, allow us to exchange ideas and learn from one another. We may not agree with all the points, but having an open mind and exchanging ideas will make you a better investor.
@HopeAlways @Mcsnacks H Tupack @GratefulPanda @Dadacai @NANA123 @Mars Mooo
4. Do not FOMO and hindsight is always 20/20
Fear of Missing Out (FOMO) can wipe you out if you tried to chase any of the stocks. I resisted very hard to not jump into $GameStop(GME.US$.
Hindsight is a common feeling when we invest. Sometimes I did not buy a stock and it rocket and vice versa. I tell myself that hindsight is 20/20 and I can’t catch all the winners. Looking forward is better than regretting what have happened.
5. Have a journal
It can be an old fashioned notebook, Microsoft word, video or a post in Moomoo.
Have a journal and record my investing journey helps to crystallize my thoughts. I wrote down my reason of starting or exiting a position, my target and my thoughts.
With the virus living among us, 2021 has not been easy. We have certainly grown in resilient and hope that the resilience can be also shown in our investing journey.
Wish that 2022 will be a better year for all of us.
Cheers![]()
![]()
![]()
With the Covid as backdrop, the world has been kept busy. Some of the key events in the market include:
* Reddit trying to take on Wall Street. This marks the beginning of meme stocks in a big way. $GameStop(GME.US$ $AMC Entertainment(AMC.US$
* China and her common prosperity policies which have impacted the Chinese listed companies, especially Chinese Tech. $BABA-SW(09988.HK$ $TENCENT(00700.HK$
* $Bitcoin(BTC.CC$ hit all time high of ~$67K and the growing popularity of NFT.
* $Meta Platforms(FB.US$ changed its name to Meta and the entire metaverse ecosystem.
* The sell off of growth stock in Dec (probably still ongoing now). We have seen some of the growth stocks came down more than 50% from its all time high. $Sea(SE.US$ $Zoom Video Communications(ZM.US$
At a personal level, 2021 has been a year of learning. I shifted my focus from Singapore dividend stocks such as $DBS Group Holdings(D05.SG$ to US growth stocks. The learning curve is steep but satisfying. My take away from my investing journey this year:
1. Build strong conviction
Conviction is build after you have done your research. Having a strong conviction about the companies you owned helps you through volatility and prevent panic selling. For example, $Pinterest(PINS.US$ has not done well recently. I went through my checklist and the thesis still looks intact. So despite the draw down, I have decided to hold.
2. Be Patient
Companies need time to execute and that will be reflected in their share price if they execute well. Very often this does not happen overnight. Sometimes the share price may not go up in a straight line, you may have to endure some drawdown before it is up again. It is therefore important to have patience.
By being patient, it help us to find the next 100 baggers.
$Apple(AAPL.US$
$Amazon(AMZN.US$
3. Be humble and keep learning
The more I learn, the more I know that I do not know. Sometimes I thought I have it all covered and Mr Market threw me a curveball.
I am grateful for the great community that @Investing with moomoo @Meta Moo @moomoo Singapore have built, allow us to exchange ideas and learn from one another. We may not agree with all the points, but having an open mind and exchanging ideas will make you a better investor.
@HopeAlways @Mcsnacks H Tupack @GratefulPanda @Dadacai @NANA123 @Mars Mooo
4. Do not FOMO and hindsight is always 20/20
Fear of Missing Out (FOMO) can wipe you out if you tried to chase any of the stocks. I resisted very hard to not jump into $GameStop(GME.US$.
Hindsight is a common feeling when we invest. Sometimes I did not buy a stock and it rocket and vice versa. I tell myself that hindsight is 20/20 and I can’t catch all the winners. Looking forward is better than regretting what have happened.
5. Have a journal
It can be an old fashioned notebook, Microsoft word, video or a post in Moomoo.
Have a journal and record my investing journey helps to crystallize my thoughts. I wrote down my reason of starting or exiting a position, my target and my thoughts.
With the virus living among us, 2021 has not been easy. We have certainly grown in resilient and hope that the resilience can be also shown in our investing journey.
Wish that 2022 will be a better year for all of us.
Cheers
![Thank you 2021, hello 2022](https://ussnsimg.moomoo.com/moo-1639912101-103067915-iPhone-1-org.jpg/thumb)
![Thank you 2021, hello 2022](https://ussnsimg.moomoo.com/moo-1639912103-103067915-iPhone-2-org.jpg/thumb)
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mojojo80 : lost $200k