2020 Investing Year in Review

Hello everyone, I'm a novice here, with only three months of investment experience. And this is my first time reviewing my investment experience, so please forgive me if it is not well written. In this note, I would like to share with you my short investment career and some investing tips I've learned.

My first deal at Moomoo was  $Xiaomi Corp. Unsponsored ADR Class B(XIACY.US)$. The reason for the purchase was the sale of a stake by Xiaomi's vice chairman. I firmly believed I found a bargain at that time. Nevertheless, to my surprise, I had waited almost two months until I got an 8% profit! I also learned a lesson from this attempt: it was already late when the retail investors heard the news. Although I won some money, I still lost time.

My second deal was  $GEELY AUTOMOBILE H(GELYY.US)$. I have already forgot why I bought it. But I can still remember the reason for selling it -- the 8% target had been reached. The biggest difference with the first deal of Xiaomi is that, this time it only took two weeks to get an 8% profit. It's such an accomplishment for me. As an inexperienced investor, I had been very satisfied.

I continued to trade after that. I won't say too much about my experience of losing stocks. However, the most important thing is to strictly observe the stop loss, strictly observe the stop loss, and strictly observe the stop loss! I set the stops at 8%. As I've tried a couple of times to make an 8% profit and a couple of times to stop at 8%, and I see nothing change in the money, I quit estimating the peak now. As long as the stock remains strong, let it continue to rise without setting targets. And if the stock turns weak, stop loss at MA10. This is also the advice of many senior investors in Moomoo.

Occasionally, I could hardly resist the temptation. I sold the $GREAT WALL MOTOR(GWLLY.US)$ last Friday, which was still soaring. Although the money I made is less, I wouldn't be unhappy. After all, I am not experienced enough and can't hold back that impulse (16% for the first time).

Generally speaking, in just several months, I have learned a lot and made a little money. Thank you Moomoo! Thank every staff behind the scenes for letting moomooers have a very healthy learning environment and powerful platform. I will always accompany Moomoo to grow up and spend more and more anniversaries!

@Allen would like to see your review!