Why did you start trading?

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"Mooers' Stories" is held once per month. Currently, we have the following topics: 1. Why did you start trading? 2. Did you have beginner's Show More

"Mooers' Stories" is held once per month. Currently, we have the following topics:

1. Why did you start trading?

2. Did you have beginner's luck when you first started trading?

Share your experience and listen to others' stories here!

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512

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HopeAlways

Oct 12, 2021 20:37

I should be so Lucky

My beginner's luck with my first trading of US stocks on moomoo started with the free $Apple(AAPL.US)$ share that I have received from joining the innovative and interactive trading platform. As Roman philosopher Seneca once put it "Luck is a matter of preparation opportunity meeting." I must say my luck was activated when I chanced upon the advertisement of $Futu Holdings Limited(FUTU.US)$ moomoo on the MRT station, which got me curious to try to find out more about this online investment brokerage as I was enticed by the cute sounding name that reminds me of a nursery rhyme and the striking cow mascot that resonates well with a bullish market. The very catchy name and auspicious looking mascot certainly got me intrigued to seek more about moomoo. I eventually decided to open the moomoo account with an initial deposit after having succumbed to the temptation of the free $Apple(AAPL.US)$ share, which was not necessary a bad thing after all. This started my investing journey of US stocks on the moomoo platform. Luck does play a role in investing that is often misunderstood and unappreciated by many. Even the success story of the legendary investor, Warren Buffett hints that other than skill, foresight and discipline, luck has been an instrumental factor in building his long term wealth. The free $Apple(AAPL.US)$ share from moomoo not only led me to learn more about the world's most valuable company and how it is the largest holding of Warren Buffett's portfolio, but more importantly to discover about the value investing model favoured by Buffett himself. Inspired by his success story and wisdom, I began to use the Dollar Cost Averaging strategy to buy more of $Apple(AAPL.US)$ shares which has since become my largest stock holding and subsequently added other fundamentally strong counters $Alibaba (BABA.US)$, $Bank of America(BAC.US)$, $Microsoft(MSFT.US)$, $NVIDIA(NVDA.US)$ to build up a long term stock portfolio for myself, with the investment goal of achieving long term gains. While investing certainly requires lots of skill and patience, luck can often be a triump card. Joining moomoo to start trading on US stocks may be the one lucky event that gets me embarked on my investment journey on a new trading platform. It makes me realise that luck plays an important role in investing and in life. Indeed, life is full of luck, even when we just cannot see it. In investing, there is no one single approach that will always render a successful outcome. Other than lots of skill, discipline and patience, I must add that lots of luck will also be needed for successful investing. While pop singer, Kylie Minogue has years ago sung about how she should be so lucky in love, I am still secretly hoping how I should be so lucky in investing!
$Dow Jones Industrial Average(.DJI.US)$
$Nasdaq Composite Index(.IXIC.US)$
$S&P 500 index(.SPX.US)$

Why did you start trading?

Mooers Lab

Sep 15, 2021 03:32

Stories That You've Never Heard Of

When we read biographies of successful businessmen or politicians, they all start with something like, "I grew up in the countryside in a poor and troubled family..." Sounds familiar, right? It's always inspiring to read success stories like this, but everyone has a different tale to tell. Throughout our investment journey, we're writing up a story that is uniquely our own. As moomoo is striving to build a community that makes investing no longer alone, your stories are surely worth telling. Join "Mooers' Stories" series and share your unforgettable experience now!
What is "Mooers' Stories"?
"Mooers' Stories" is a story-sharing series that we hold so that you may share your trading experience and inspire other traders. On top of the topic list is "Why did you start trading?"
Do you still remember why and when you started trading? Many people might say trading is all about making money, but of course trading is more than just that. It's a challenging game for both your trading skill and mindset. So this discussion is not just about trading itself, but your attitude towards the game you are playing now and how it has been changing as time goes by. Why did you start? When did you start? Why do you stay? What have you learned?
We are all ears!
What can I get from the discussion?
A good story is worth telling and rewarding! We love good stories. By joining the topic discussion with the hashtag #Why did you start trading#, you can get the following rewards.
● Best Storyteller: Based on story quality, originality and attraction, 3 mooers will get 8,888 points!
● Featured Story: Based on story quality and originality, 10 mooers will get 6,666 points!
● Participation Reward:
All posts with more than 30 words will get 100 points as a reward!
Event Duration: Sept. 15–Sept. 28, 2021
Note: Only the post with discussion hashtag counts! #Why did you start trading?#
How to join the topic discussion?
Easy peasy! Join the topic discussion of the "Mooer Stories" series, starting with "Why did you start trading?"（click here!) to get your rewards!
There are no universal standards for a good story. Be it good or bad, it is still a part of our memory. Trading is never easy, but luckily we've found our wolf pack.
Stay tuned for the next topic discussion!
Vote now, post you story later!

Why did you start trading?

HuatLady

Sep 17, 2021 05:00

She Has Inspired Me💌❤🧡

My trading journey started at the age of twenty one. On my 21st birthday, my parents have gifted me an exquisite golden key and a saving bank account book under my name. There was a $100/ deposit in the account. Along with those gifts, mum said "Happy Birthday Darling, this key would empower you to make your own decisions and decide wisely". Initially, I could not translate my mum's ulterior motive for taking the trouble of giving me cash via the bank. Why couldn't she have just given me a hundred dollars in a red packet which were her norms during my past birthdays?
It has taken me a month before I could truly understand her thoughful intention. It happened on my first pay day when I handed her my paltry pay packet. Mum had retrievd a token sum for household expenses. Subsequently, she had returned me the balance of my pay check and advised me to save it in the bank, to be used as a humble capital for trading.
I was touched because that was her virtuous desire for me to be independent, and to make effective decisions, not only for the trading field but throughout my life for a better Future.
Trading is a volatile game. Since then, I had my fair shares of happiness and tensions.I was delighted when the stocks were bullish and I was frustrated when the shares' prices drifted downwards. Mum became my preseptor. She told me the importance of broadening my horizons by reading and researching on market news. Based on her patient advice, I explored more into this fascinating world of trading and how sound Buffett's principles were. She taught me the importance of adopting a trading strategy and how to harness it for future applications. At that time, there was no interactive trading platform like Moomoo to lean on. Gradually, she taught me how to look out for quality shares such as $A $Apple(AAPL.US)$ $S&W Seed Co(SANW.US)$ for long term investment. Most important of all I learnt the valuable lesson of being cool minded and well disciplined in my investment journey. She had also taught me to lose with grace, because nobody can be a winner throughout his life. The important learning lesson, is that I should not commit a similiar mistake again.
This technique of making important decisions during trading has not only helped me at work, but has guided me in a successful marriage too.😀💘👍
My beloved mum has passed on, but her Legacy remains. THANKS MUM, for the Great Gift of a Lifetime and I am humbly inspired🥰😍.
$Apple(AAPL.US)$ Apple (APPL.US)
$Amazon(AMZN.US)$
$Facebook(FB.US)$
$Netflix(NFLX.US)$

Why did you start trading?

HopeAlways

Sep 16, 2021 05:22

Taking Control of My Future

The world of trading is something that fascinates me since an early age as it provides me with an opportunity to take control of my future. There is something empowering about being able to direct where my money should go based on my own independent decisions. Rather than simply spending money or worse, not knowing where my money is going, by trading, I am giving my money a "job" to do - to make my money work for me. Just as I work hard for my money, my money should likewise work hard for me. Many have the perception that trading would naturally build and create wealth over time. But not quite, trading is not always about gaining wealth. Instead, trading provides me with a rare opportunity to build a financial safety net for myself. At some point in my life, I am aware that I would have to stop working. When that day eventually arrives, it will be comforting to know that I have created a way to support myself without relying on any pay from an employer whom I am at the mercy of for a livelihood. Or better yet, what if I could choose to stop working when I want to and not when I need to. Trading can help me create such invaluable financial freedom that allows me to have more say in my own future. Having a strong family support is also helpful, which further motivates me to embark on an exciting trading journey. Since young, I have been encouraged by my parents to be independent and to take charge of the different decisions I have made, right from the choice of schools to the subject combination I would choose. And very importantly, to be able to face up to the consequences of my decisions and accept whatever mistakes from the decisions I have made. This is certainly very helpful for trading as I have to deal with the outcome of my trading decisions - be it profits or losses no matter how big or small. There is an English proverb that is very applicable to trading - " you reap what you sow" - I sow so that I can reap the benefits in the future.
$S&P 500 index(.SPX.US)$
$Nasdaq Composite Index(.IXIC.US)$
$Apple(AAPL.US)$
$Microsoft(MSFT.US)$
$Alphabet -CL A(GOOGL.US)$
$Amazon(AMZN.US)$
$Facebook(FB.US)$
$Tesla(TSLA.US)$

Why did you start trading?

Mars Mooo

Sep 19, 2021 03:03

Why did you start trading and continue to do so again and again?

Hello Mooers! Welcome back.
There are many reason(s) that Mooers start doing trading, and continue to do so, again and again, as follows:
R01: To build a financial safety net for financial protection.
R02: To retire earlier without the need to depend on employer for a living.
R03: Opportunity to earn more money to cover own and/or family expenses.
R04: Joining relatives and friends who had successful trading experience.
R05: The lure of big winning and quick profits in trading! Apes Together, STRONG!
R06: Too bored with life and need a challenging real-life game to play with.
R07: To become the next Jesse Livermore, Paul Tudor Jones, Simon Cawkwel, Warren Buffet, and Steven Cohen.
R08: Want to gamble by trading, as life is short and fear of missing out (FOMO).
R09: Born in a poor (and sad) family with debts such as medical bills, plus, parent are not well educated and have to work two jobs to make ends meet.
R10: To earn more money to help the poor and needy, and donate to care-for-animals organisations.
R11: Loves to try new things and $Futu (moomoo)(FUTU.US)$ make trading faster, easier and cheaper, and very important: $Futu (moomoo)(FUTU.US)$ have wonderful rewards (e.g. free stocks, stock coupons, and MooMoo points to redeem nice gifts!)
R12: Transfer an addiction (e.g. sports lotteries, horse lotteries) to trading.
Well, for me, to own part of a company and watch it grow together with me, and helping me making my dreams into reality, is the reason to start trading.
How about you? Is there any reason(s) above that applies to you? Please feel free to tell us in the comment field below.
Now, let's vote which are the ones you trade in.
Mega-cap stocks
(Market-cap of $200 billion or greater)
Examples:
Apple ( $Apple(AAPL.US)$ ) 2.42T
Alphabet ( $Alphabet -CL C(GOOG.US)$ ) 1.89T
Amazon ( $Amazon(AMZN.US)$ ) 1.75T
Facebook ( $Facebook(FB.US)$ ) 1.03T
Tesla ( $Tesla(TSLA.US)$ ) 751.91B
Alibaba ( $Alibaba (BABA.US)$ ) 433.88B
Adobe ( $Adobe(ADBE.US)$ ) 312.84B
Netflix ( $Netflix(NFLX.US)$ ) 260.84B
Salesforce ( $Salesforce(CRM.US)$ ) 255.06B
Pfizer ( $Pfizer(PFE.US)$ ) 246.08B
Oracle Corp ( $Oracle Corp(ORCL.US)$ ) 236.55B
Advanced Micro Devices ( $Advanced Micro Devices(AMD.US)$ ) 126.00B
Big-cap stocks
(Market-cap of $10 billion to $200 billion)
Examples:
Moderna ( $Moderna(MRNA.US)$ ) 173.59B
BioNTech ( $BioNTech(BNTX.US)$ ) 87.11B
Activision Blizzard ( $Activision Blizzard(ATVI.US)$ ) 61.87B
Align Technology ( $Align Technology(ALGN.US)$ ) 56.84B
Palantir Technologies ( $Palantir Technologies(PLTR.US)$ ) 56.07B
Electonic Arts Inc ( $Electronic Arts Inc(EA.US)$ ) 38.10B
Robinhood Markets ( $Robinhood Markets(HOOD.US)$ ) 36.25B
Nokia Oyj ( $Nokia Oyj(NOK.US)$ ) 31.22B
AMC Entertainment ( $AMC Entertainment(AMC.US)$ ) 22.69B
Novavax ( $Novavax(NVAX.US)$ ) 17.69B
GameStop ( $GameStop(GME.US)$ ) 15.68B
Futu ( $Futu (moomoo)(FUTU.US)$ ) 14.02B
Guardant Health Inc ( $Guardant Health Inc(GH.US)$ ) 13.38B
SoFi ( $SoFi Technologies(SOFI.US)$ ) 11.99B
Cleveland-Cliffs ( $Cleveland-Cliffs(CLF.US)$ ) 10.92B
Mid-cap stocks
(Market-cap of $2 billion to $10 billion)
Examples:
Sportradar Group ( $Sportradar Group AG(SRAD.US)$ ) 7.99B
BlackBerry ( $BlackBerry(BB.US)$ ) 5.68B
ContextLogic ( $ContextLogic(WISH.US)$ ) 4.11B
Pershing Square Tontine ( $Pershing Square Tontine Holdings Ltd(PSTH.US)$ ) 3.94B
Clover Health Investments ( $Clover Health(CLOV.US)$ ) 3.56B
Corsair Gaming ( $Corsair Gaming Inc(CRSR.US)$ ) 2.72B
Clean Energy Fuels ( $Clean Energy Fuels(CLNE.US)$ ) 1.80B
Small-cap stocks
(Market-cap of $300 million to $2 billion)
Examples:
Canoo ( $Canoo(GOEV.US)$ ) 1.62B
Sundial Growers ( $Sundial Growers(SNDL.US)$ ) 1.49B
Nano X Imaging ( $Nano X Imaging(NNOX.US)$ ) 1.16B
Naked Brand Group ( $Naked Brand Group (NAKD.US)$ ) 532.61M
Others
Please write down, in the comment field, anything that you have trade in. It can be Micro-cap stocks, Nano-cap stocks, ETFs, Cryptocurrencies, Forex and even Commodities.
Some examples of Micro-cap stocks (Market-cap of $50 million to $300 million):
Yiren Digital ( $Yiren Digital(YRD.US)$ ) 272.95M
Vaalco Energy ( $VAALCO Energy Inc(EGY.US)$ ) 152.32M
Some examples of Nano-cap stocks (Market-cap of $50 million and smaller):
Hudson Global ( $Hudson Global Inc(HSON.US)$ ) 43.63M
Asia Pacific Wire & Cable ( $Asia Pacific Wire & Cable Corp Ltd(APWC.US)$ ) 42.01M
ION Geophysical ( $ION Geophysical Corp(IO.US)$ ) 43.27M
Harbor Custom Development ( $Harbor Custom Development Inc.(HCDI.US)$ ) 37.99M
Forward Industries ( $Forward Industries Inc(FORD.US)$ ) 22.67M
Some examples of ETFs can be:
ARKK ( $ARK Innovation ETF(ARKK.US)$ )
ARKF ( $ARK Fintech Innovation ETF(ARKF.US)$ )
ARKQ ( $ARK Autonomous Technology & Robotics ETF(ARKQ.US)$ )
ARKW ( $ARK Next Generation Internet ETF(ARKW.US)$ )
ARKG ( $ARK Genomic Revolution ETF(ARKG.US)$ )
ARKX ( $ARK Space Exploration & Innovation ETF(ARKX.US)$ )
TECL ( $Direxion Shares Etf Trust Technology Bull 3X Shs(TECL.US)$ )
FNGU ( $Bank Of Montreal Microsectors Fang Index 3X Leveraged Etn(FNGU.US)$ )
TQQQ ( $Ultrapro QQQ Proshares(TQQQ.US)$ )
Some examples of Cryptocurrencies:
BTC ( $Bitcoin(BTC.CC)$ )
ETH ( $Ethereum(ETH.CC)$ )
DOGE ( $Dogecoin(DOGE.CC)$ )
ZIL ( $Zilliqa(ZIL.CC)$ )
BNB ( $Binance Coin(BNB.CC)$ )
ADA ( $Cardano(ADA.CC)$ )
UNI ( $Uniswap(UNI.CC)$ )
OMG ( $OMG Network(OMG.CC)$ )
Some examples of Forex:
EUR/USD ( $EUR/USD(EURUSD.FX)$ )
GBP/USD ( $GBP/USD(GBPUSD.FX)$ )
SGD/USD ( $SGD/USD(SGDUSD.FX)$ )
AUD/USD ( $AUD/USD(AUDUSD.FX)$ )
Some examples of Commodities:
Crude Oil
Coffee
Gold
Silver
Corn
That's all and see you all soon. and don't forget to like to show your support. Thank you very much.
Apes to the moon to eat mooncakes!

Why did you start trading?

Mooers Lab

Oct 11, 2021 20:48

Did you have beginner's luck when you first started trading?

Welcome to "Mooers' Stories" again! It's lovely to see you here!
Beginner's luck is a commonly seen phenomenon in many chance events. Many people make money during their first days, weeks, or even months in trading.
Some believe that beginner's luck does exist because people tend to be more cautious when they have insufficient information.
Others believe that luck is nonsense in trading and can never be counted on.
Do you believe in beginner's luck? Did you have beginner's luck when you first started trading? How was your first trade? What do you think of the role of "luck" in trading?
Share with us your ideas and win rewards by joining our discussion "Did you have beginner's luck when you first started trading?"
Let's first find out what people say about beginner's luck.
Yes, fingers crossed. Luck plays a role in trading, especially for beginners.
Some believe that beginner's luck is real because it is founded on information. He buys (hardly any newbie ever short sells) the stock that someone tells him. He buys it when he is told to buy it and he holds it for a while and sees some profits and sells it. Now he thinks that’s all there is to it. Therefore, beginners are more cautious and less greedy, which might be the reason to explain "luck".
What's more, the stock market is, as most would agree, unpredictable. Timing the market is as hard as looking for a needle in a haystack. In that sense, it's certainly not just technical analysis or fundamentals that will come into play.
No way! Trading has nothing to do with luck.
Every trading market experiences certain periods of upswings (bull) and downswings (bear). What happened to a beginner is that the new trader entered the market during a bull run. Once the bull market ends, that is when a trader’s real test of skill begins. This is when it becomes difficult to make money in the market. As such, beginner traders seem to fall off at this point and feel like the forces of luck are against them. As they believe that they know how to trade and thus make risky trades. However, they usually endure heavy losses subsequently and realize that trading is not a game.
Therefore, it is advisable for beginner traders to be careful during the first year of trading, paying attention to the overall climate of the market, and not getting too confident.
Get bonus now by joining the discussion "Did you have beginner's luck when you first started trading?"
A review to our previous Mooers' Stories "Why did you start trading?"

Why did you start trading?

Moomoo Learn US

Apr 7, 2022 04:28

[Weekly Wins] How to get a free Apple stock?

[Not a joke]
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Why did you start trading?

Mooers Lab

Sep 22, 2021 21:12

Final Call on Sharing Why You Started Trading

Hi, mooers,
There are only a few days left before we end our first story-sharing topic "Why did you start trading?" Up to 8,888 points reward is within your grasp! Join the discussion now before it's too late! Click here to join now.
Let's take a look at those who already shared their stories.
“To make money work for me”
@HopeAlwayssaid that trading means taking control of your future. Indeed, if you are good enough, the market will reward you with what you deserve. No one would deny a chance to reach financial freedom. That's also a key incentive for many of us to start our trading journey.
Came for the money, stayed for the fun
Who says that trading is all about money? If you don't have enough passion for trading, thinking that it's just a tedious daily work, you can't win in the market. Because the market is always changing, it's open for every trader to learn, to grow, and to find new things during the process. The market is a charming place to stay in and have fun. @mooster Han
A good reason to start
What's your reason to start trading?Are you interested in making friends with someone who shares your trading experience? Now it's time to make your move by sharing with us why you started your trading journey. You have a big chance to win the points reward too! Click here to Join Now!

Why did you start trading?

Mooers Lab

Oct 25, 2021 06:11

Mooers' Stories: "Always Believe That You Are lucky"

Hi Mooers! Thank you all for joining our Mooers' Stories topic "Did you have beginner's luck when you first started trading?" We are happy to announce that the activity has ended with a big thanks to all the participants. By the end of the activity, we've collected 161 lucky (or unlucky) mooers' posts in which they shared beginner's experiences.
First, let's take a look at the voting result!
74% of voters believe that luck is important for trading! May luck always be with you!
Let's review some of the most “lucky" or "unlucky" moments and wise words.
"My first share investment gave me fairly good returns. So yes, I can say that I do have Beginner’s Luck. My second and third returns got even better each time. I thought I had Aladdin's Magic Lamp, ready to castles in the air." @Syueeat "Aladdin’s Magic Lamp"
"Everyone can be “LUCKY” if we focus on improvements."
"Beginner's luck is overrated in trading" @Rising Star Sunny
"I must be humble to continue learning to acquire new skills and knowledge to prolong my beginner's luck span." @12moon
Trading is "My Labour Of Love" @HuatLady
Want to read more? Click here to find out more "lucky" ideas.
Now to the most exciting moment: Announcing our winners!
First, let's welcome our winners who gain 3,888 points in their pocket! @Syuee @HopeAlways @HuatLady
Now a big round of applause goes to mooers who posted the featured story and got 1,888 points. If you like their ideas, you may follow them!
@Anson Liaw @HuatEver @mooboo @Powerhouse @Mars Mooo @Rising Star Sunny @NANA123 @nigedernigeder @FBI888 @102840379
Finally, all participants who are qualified with a minimum of 50 words get 88 points reward!
Congrats again! Thank you for sharing your impressive trading experience with us all! Stay tuned for the next "Mooers' Stories". What stories do you want to read next? Vote for the next topic now!
You may also like to read:
Why did you start trading?
Disclaimer: All investing involves risk. Moomoo doesn't endorse any particular investing idea.

Why did you start trading?

Mooers Lab

Sep 29, 2021 05:37

Announcing our winners! Why did mooers start trading?

Hi, mooers!
We are pleased to announce that the first activity themed "Mooers' Stories" has successfully ended. A total of 346 mooers' stories were shared. Thank you for sharing your unique trading stories with us all! Your stories are very insightful and inspiring, which is appreciated by all the community readers. Now let's find out who the winners are!
Announcing the winners!
Now let's announce the winners of the topic discussion "Why did you start trading?" The 3 best "storytellers” go to @HopeAlwayswith the sharing "Taking Control of My Future"
@HuatLadywith the sharing "She Has Inspired Me"
@mooster Hanwith the sharing "The reason why I like stocks"
Congratulations on gaining 8,888 points. Thank you for your wonderful stories.
Our secondary rewards to featured posts go to the following mooers, who will recieve 6,666 points!
@NANA123for "I want to secretly make money and then surprise everyone!"
@Syueefor "Leveraging TIME"
@HuatEverfor "A Pastime or an Empowerment?"
@teahunchfor "Great motivation to know about current affairs"
@102455797RCfor "Right Time, Right Money, Right Platform"
@GratefulPandafor "Why did I start trading?"
@小虎发大财for "I started my investment journey in 2017"
@old Michealfor "Why would you be a stock?"
@RennyMcfor "#Why did you start trading#"
@JATraderfor "Trading Aspiration"
Didn't find your name? Don't worry! All qualified participants that meet the requirement of minimum 30 words will receive a 100 points reward, and the next round of "Mooers' Stories" is coming very soon. Now let's go back to the topic "Why did you start trading?"
Why? Money is the answer!
No surprise at all! According to the poll, about 64% of the votes went to "My dream of achieving financial freedom". To be financially independent, to have a secondary source of income, to have passive income, to beat inflation, to save retirement funds... these are undoubtedly the top reasons why we started trading.
Any other reasons?
Sure! The reason is quite simple, but it's a big step forward for the investors. Many talked about how they embarked on their journey to trade during the pandemic, as they were stuck at home and got bored. Of course, there are a few inspiring reasons for mooers to start the exciting journey, examples are as below.
Some recalled how old-fashioned it was to call a broker to place an order. What terrible nostalgia! Farewell to high commission cost or having to buy in huge lots. We are witnessing how technology changes our life.
Stories are on and on. Click here for more stories.
Here are some quotes from mooers in their stories. Well said!
1. "Trading is believing in yourself that every cents you make will be more than double in future." From Qwinbie.
2. "Trading landscape has much changed now, can be done by anyone, anywhere, anytime." From mooduotan.
3. "It is now a game to challenge my mind, to employ intuitive skills to determine shrew and logical decisions." From HuatEver.
4. "There are no consistently free lunches in trading, no crystal ball, no one to rely on or blame except for your own judgement." From GratefulPanda.
5. "The aim shall remains that trading is another alternative to create wealth and not the alternative to ruin your hard built worth fortress." From xebona.
A Bitter Laugh
Congratulations again to all the winners! If you haven't joined this topic but you are willing to share, the hashtag is always available while writing "Moment" and "Join a discussion-Trade column" Please stay tuned for the next topic of "Mooers' Stories". We will see you soon!

Why did you start trading?