is the NAV at $1

unfortunately I have been losing Hongbao money in the recent sell down instead of making my hongbao money 😭😭

write down your losses and gain it back at the next rally

we all know to buy low and sell high. the tricky part is that most of us tend to not sell when it goes low or sell too fast when it goes high. so how should one overcome that.
start off with a comfortable and reachable rule like cut loss at 10% drop or take profit at 15% gain. revise along the way. only with rules, the house (u) will win. of course, it might not work sometimes but u decide on the formula

i hope moomoo can consider giving rewards to traders who trade at lease 2 times a month with surprise gifts or stocks for being loyal and supportive of the company. let’s all have fun together.

long term investment is good
- cos you get to grow with the company
- get paid a better rate of return than bank interest rates
- huge capital gain when u cash in after a big run
- you get to see for yourself the up and down if the shares and participate along the way

I will feel that it is important to have the latest news of the market, industry and overall stock market direction.
after all, fundamentals are way more important than technical calculations which are mainly projections based on rules and calculations. After all, who can calculate when the next virus mutation will strike?
I started off short term trading by observing 1-2 stocks that I am keen on, how they move in market, do lots of reading up on them before attempting with a small trade, getting ready to average out if need to, with a target % of cut loss and gain sale.