Tracer85
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$Longeveron (LGVN.US)$ anyone still holding?
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There are a few ground rules which I follow when it comes to trading.
First and foremost, I follow a system for everything. For my value investing, I do a certain amount of due diligence before starting a position in any stock. I look through articles, financial reports etc. before I decide if it is worth a buy. Similarly, for day-trading or momentum trading, I go in and go out of a trade solely based on technical indicators. When a system is followed, trades are consistent, and you know exactly what you're doing. You aren't just copying someone off Youtube. You aren't just buying because everyone is talking about it.
Second of all, I fight the urge every time I panic. Emotions are your biggest enemy in the stock market. Sometimes, when you followed your system but things go south, it may be tempting to panic-sell. When we're in this state, it's tough to make rational decisions. It is true that in some situations, for example, if a company is suddenly in a lot of trouble and its prospects are drastically affected, it may be a good idea to cut your losses. However, if your stocks are tanking because major indexes are falling, or because of FUD that's not directly related to the prospect of the company itself, then do think again. Distract yourself. Close the app. If you truly believe in the stock, you wouldn't be panicking. Warren Buffett has never tried to time the market. He is systematic and he does not let his emotions cloud his judgment. This is how it should be done.
Lastly, manage your risk well. Money management is important. I allocate a fixed percentage of my money to blue chips and ETFs. $Apple (AAPL.US)$ , $Berkshire Hathaway-B (BRK.B.US)$ and $SPDR S&P 500 ETF (SPY.US)$ are some examples. This is my retirement money. I also allocate a smaller percentage to riskier ventures like day-trading and momentum-trading. Finally, I allocate some percentage to stocks which have considerable risk associated with them, yet I am going to gamble on the long term prospects because I love what I see right now for these companies. These are mainly Chinese EVs like $NIO Inc (NIO.US)$ , fintechs like $Futu Holdings Ltd (FUTU.US)$ and $SoFi Technologies (SOFI.US)$ , to name a few.
Do not be the one guy who puts 90% of his savings into day trading, only to lose half of it in a week. Manage your risk and your money well. While you're at it, know how to put a stop loss or a trailing stop on your positions if necessary. This is especially important for day trading.
First and foremost, I follow a system for everything. For my value investing, I do a certain amount of due diligence before starting a position in any stock. I look through articles, financial reports etc. before I decide if it is worth a buy. Similarly, for day-trading or momentum trading, I go in and go out of a trade solely based on technical indicators. When a system is followed, trades are consistent, and you know exactly what you're doing. You aren't just copying someone off Youtube. You aren't just buying because everyone is talking about it.
Second of all, I fight the urge every time I panic. Emotions are your biggest enemy in the stock market. Sometimes, when you followed your system but things go south, it may be tempting to panic-sell. When we're in this state, it's tough to make rational decisions. It is true that in some situations, for example, if a company is suddenly in a lot of trouble and its prospects are drastically affected, it may be a good idea to cut your losses. However, if your stocks are tanking because major indexes are falling, or because of FUD that's not directly related to the prospect of the company itself, then do think again. Distract yourself. Close the app. If you truly believe in the stock, you wouldn't be panicking. Warren Buffett has never tried to time the market. He is systematic and he does not let his emotions cloud his judgment. This is how it should be done.
Lastly, manage your risk well. Money management is important. I allocate a fixed percentage of my money to blue chips and ETFs. $Apple (AAPL.US)$ , $Berkshire Hathaway-B (BRK.B.US)$ and $SPDR S&P 500 ETF (SPY.US)$ are some examples. This is my retirement money. I also allocate a smaller percentage to riskier ventures like day-trading and momentum-trading. Finally, I allocate some percentage to stocks which have considerable risk associated with them, yet I am going to gamble on the long term prospects because I love what I see right now for these companies. These are mainly Chinese EVs like $NIO Inc (NIO.US)$ , fintechs like $Futu Holdings Ltd (FUTU.US)$ and $SoFi Technologies (SOFI.US)$ , to name a few.
Do not be the one guy who puts 90% of his savings into day trading, only to lose half of it in a week. Manage your risk and your money well. While you're at it, know how to put a stop loss or a trailing stop on your positions if necessary. This is especially important for day trading.
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Am grateful that the pandemic situation is getting better.
Am grateful that the society is making changes to make a world a better place (i.e focusing on ESG)
Am grateful that Moomoo has arrived onto our shore, allowing retail investors to invest at affordable fees/rates. Also grateful that Moomoo has created a community for everyone to interact with each other, learn and exchanges ideas. I’ve learnt a lot from people posting on the comments section: $Tesla (TSLA.US)$ $Microsoft (MSFT.US)$ $NVIDIA (NVDA.US)$ $Apple (AAPL.US)$ $Meta Platforms (FB.US)$ $ChemoCentryx (CCXI.US)$ $Snap Inc (SNAP.US)$ $Futu Holdings Ltd (FUTU.US)$ $Palantir (PLTR.US)$
Last but not the least, am grateful about.. little things in life - it can be simple things such as waking up every morning, having a stable job, a roof over my head, good health, and catching up with friends. It’s the little things that matter the most, isn’t it?
Am grateful that the society is making changes to make a world a better place (i.e focusing on ESG)
Am grateful that Moomoo has arrived onto our shore, allowing retail investors to invest at affordable fees/rates. Also grateful that Moomoo has created a community for everyone to interact with each other, learn and exchanges ideas. I’ve learnt a lot from people posting on the comments section: $Tesla (TSLA.US)$ $Microsoft (MSFT.US)$ $NVIDIA (NVDA.US)$ $Apple (AAPL.US)$ $Meta Platforms (FB.US)$ $ChemoCentryx (CCXI.US)$ $Snap Inc (SNAP.US)$ $Futu Holdings Ltd (FUTU.US)$ $Palantir (PLTR.US)$
Last but not the least, am grateful about.. little things in life - it can be simple things such as waking up every morning, having a stable job, a roof over my head, good health, and catching up with friends. It’s the little things that matter the most, isn’t it?
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Tracer85
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$Apple (AAPL.US)$ Will it stay around 160/higher or fall back to 150 in the near future? Stocks worth investing in the long term
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$Apple (AAPL.US)$ I believe apple Ev cars will definitely be of quality and have an eco system with our iPhones, iPad and Apple Watch. most of us have these products already. (: now is the EV race. believe in apple quality. i believe next is metaverse race. things are looking towards space exploration tech. metaverse etf is a good buy now $Roundhill Ball Metaverse ETF (META.US)$ apple stocks gonna be more and more expensive in the future..
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Tracer85 : etcetera