New Start 2023 🤞🏻
Year 2022 is definitely a year to remember… with stock markets in shambles due to drastic market outlook change coupled with all the negative elements (aggressive interest rate hike, geo-political issues, concern over potential recession, etc.) which badly affected market sentiments resulting in a slump in most if not all stocks (even FAANG is of no exception), it doesn’t make it easy for well-experienced investors to make profits, so not to mention rookie like me. ![]()
One word to summarize all the trades I made since Jan till Oct 2022 – AWFUL ☹️.. Driven by the wrong mindset that stock market is a place to make quick and easy money, entering the battle field with no good preparation (simply listening to insider news/tips/rumors instead of doing own diligence to study the stock) coupled with huge self-ego (continue to average down and catch a falling knife instead of cutting-loss) and greediness (not taking profit at the right time), I was literally butchered due to self-ignorance and stupidity.
It’s indeed a huge blow to my capital but I’m blessed to get awakened through self-reflection following that painful experience which has driven me to really learn about the Do’s and Don’ts in stock investment. I finally realized that in stock market, there’s no falling pie from the sky, it’s always the hard work and effort that pays off. I could have realized it late, but guess it’s never too late to learn from our mistakes.
To date, I’m seeing positive result with the stocks purchased after all the learning I had through the training courses and fellow communities in moomoo. SBUX being the 1st stock with good return so far and finger crossed for the rest. It’s not something to brag about but it really boosts my confidence and serves as a catalyst for me to go further in my investment journey.![]()
Being an optimistic person, I believe that economic growth and market performance to improve in 2023 as compared to 2022. However, things might actually get worse before it gets better. As such, I would choose to adopt a more defensive investment strategy for upcoming year apart from continuously practicing diversification until we finally seeing light at the end of tunnel…![]()
![]()
Lastly, wishing all the moomoo communities Happy New Year and buckle up for another fun-filled yet exciting ride in 2023!!!![]()
![]()
One word to summarize all the trades I made since Jan till Oct 2022 – AWFUL ☹️.. Driven by the wrong mindset that stock market is a place to make quick and easy money, entering the battle field with no good preparation (simply listening to insider news/tips/rumors instead of doing own diligence to study the stock) coupled with huge self-ego (continue to average down and catch a falling knife instead of cutting-loss) and greediness (not taking profit at the right time), I was literally butchered due to self-ignorance and stupidity.
It’s indeed a huge blow to my capital but I’m blessed to get awakened through self-reflection following that painful experience which has driven me to really learn about the Do’s and Don’ts in stock investment. I finally realized that in stock market, there’s no falling pie from the sky, it’s always the hard work and effort that pays off. I could have realized it late, but guess it’s never too late to learn from our mistakes.
To date, I’m seeing positive result with the stocks purchased after all the learning I had through the training courses and fellow communities in moomoo. SBUX being the 1st stock with good return so far and finger crossed for the rest. It’s not something to brag about but it really boosts my confidence and serves as a catalyst for me to go further in my investment journey.
Being an optimistic person, I believe that economic growth and market performance to improve in 2023 as compared to 2022. However, things might actually get worse before it gets better. As such, I would choose to adopt a more defensive investment strategy for upcoming year apart from continuously practicing diversification until we finally seeing light at the end of tunnel…
Lastly, wishing all the moomoo communities Happy New Year and buckle up for another fun-filled yet exciting ride in 2023!!!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
103961903 : Inspiring, thanks for your sharing!
James0007 : thanks for sharing. Happy new year 2023
102848959EN : Nice sharing..
Happy New Year and buckle up for another fun-filled yet exciting ride in 2023!!! Twirl
cola1010OP :