2021 is the year to start my Trading journey
2021 is a roller coaster year to start Trading. I am thankful that I bother to learn the basic technical analysis (TA) of how to read stock charts before I put what I learnt into practice.
For a start, support (buy) and resistance (sell) levels are great indicators to decide where to buy or sell. This would take away some anxiety and stress as I notice that most stocks (except those meme & ETF stocks) do move according to TA. I also learnt how to read EMA i.e. golden cross, death cross, and learning more as I trade more.
To end the year, I started to buy back and start a small new position in $Advanced Micro Devices(AMD.US$ and I more or less found a new support point around 136. This is much higher than 80-ish at the beginning and mid of year but TA does pay off itself over time.
For a start, support (buy) and resistance (sell) levels are great indicators to decide where to buy or sell. This would take away some anxiety and stress as I notice that most stocks (except those meme & ETF stocks) do move according to TA. I also learnt how to read EMA i.e. golden cross, death cross, and learning more as I trade more.
To end the year, I started to buy back and start a small new position in $Advanced Micro Devices(AMD.US$ and I more or less found a new support point around 136. This is much higher than 80-ish at the beginning and mid of year but TA does pay off itself over time.
I work in ICT for decade so I tend to favour (bias) them more as I’m more familiar with tech but I do recognise the importance to diversify stock portfolio to spread out risk instead of putting all the monies in one industry.
Top performing stocks (13% of my portfolio) amidst uncertainty includes $Vanguard S&P 500 ETF(VOO.US$, $Tapestry(TPR.US$ , $Advanced Micro Devices(AMD.US$ , $Walmart(WMT.US$ & $Rocket Lab(RKLB.US$ = this illustrate and reminds me to diversify more.
Worse performing stocks (14% of portfolio) now are $Alibaba(BABA.US$ , $Coinbase(COIN.US$ , $Kopin(KOPN.US$ , $Sabre(SABR.US$ & $Teladoc Health(TDOC.US$
Overall, I’m down a few ks due to sudden market downturn mostly on tech stocks but these are paper losses. I am not so worried about paper losses as mostly are profitable companies, except TDOC. I’ll keep them and try to average down or do something in 2022. I trade with excess monies that I do not need at moment and can afford to lose but thankfully I didn’t lost monies yet.
PS: Don’t trade blindly, please learn basic and moomoo has plenty of tutorials to learn.
Merry Christmas and Happy New Year.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
LIBERALVISA : I think the whole world has $Alibaba (BABA.US)$
Txfen80OP LIBERALVISA: Indeed, a lot of people agree. Wait, will 2022 be any better.
LIBERALVISA : Yes. I bought when I thought it’s cheap but it has gone cheaper