Mooers' Stories Vol.11 – RJBoy
Hi, mooers. Welcome back to Mooers' Stories, where we present mooers' insights and experiences. Investing for some can be a long-term journey, while trading can be associated with probabilities. No matter which technique you prefer, there should always be a method behind your madness regarding where you put your money. This time, we invited @RJBoy, a value investor and momentum trader, to share his investing strategies and valuable experience. Hope you enjoy the episode!![]()
Notes: All the information comes from the interviewee and is published under the interviewee's consent. The testimonial provided herein may not represent other customers' experience, and there is no guarantee of future performance or success.
What kind of investor are you?
I am both a value investor and momentum trader because I like to trade with the flow of the market.
Why did you start investing?
I started investing in mid 2017 for a chance to build wealth. I wanted a reason to potentially earn money that was better than a saving account.
Where did you start on your quest for investing knowledge?
When I first started my investment journey, I looked at articles I found on the internet for advice and guidance. Usually a Google search would lead to Bloomberg articles.
What are your key methods for investing?
When I start a trade, I usually follow support and resistance trends to make sure I enter a trade at the right time. Placing take profit and stop loss levels are my key to reducing risk.
What's your allocated amount (stock, cash, options, etc)?
When trading I will usually use about 20% to place strategic trades on either stocks or options. I remember to keep around 20% in cash to be ready to enter a trade when I find one. The rest of my portfolio is placed into long term investments that I have built up over the years.
Best trade ever
My best trade ever was buying an auto company's shares right before the stock split in 2020. This single trade nearly doubled my portfolio in a short amount of time.
What lessons have you learned from investing?
In my 6 years of experience, I have learned not to take news articles, company updates, or advice from others at face value. It is important to dive deeper into the facts to learn why a company's value is either losing or gaining value/ reputation.
Your goals for 2023
My investing goal for 2023 is to make smarter decisions by using chart indicators and fundamentals analysis instead of making financial decisions based on how I feel about a company. I am going to place every trade following a plan so that I take profits or stop losses before I let my emotions take over.
Why moomoo?
I use Moomoo app because it is an upgrade to the other investment platforms I’ve had in the past. The interface is great and I have easier access to trading instruments. With increased exposure to markets and helpful informational videos, Moomoo is an app to rule them all.
To newcomers entering space, I suggest taking things slow and remembering that trading the market can be very emotional. It is best to pick a strategy and become good at it.
1. Make your choice
2. Spark meaningful conversations
Topic: What else do you want to know about RJBoy? Any other topics you wanna discuss with him? Comment below to let us know.
Rewards:
1. 30 points for mooers who raise insightful and RJBoy-related questions
2. 70 points for RJBoy's each reply to mooers' questions
Time: From now to Feb 28 23:59 ET
(Rewards will be distributed within 5–10 working days after the activity ends.)
Notes: We encourage benign and in-depth interaction, from which all mooers can learn from each other, helping our community members be more courageous and not alone in the investing journey.
We truly appreciate @RJBoy for sharing his valuable and inspiring experience with us! Feel free to interact with him if you have anything to say!![]()
Just in case you didn't know, you can also be the one to tell the story! Interested? Comment below to let us know! We'll reach out to you as soon as possible!
Thanks for your time. See you next time!
Disclaimer:This presentation is for information and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. See this link for more information.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Mooers LabOP :
Hey, mooers. Let's give a big round of applause for @RJBoy. Feel free to interact with him if you have anything to say! There is a chance for you to win the points reward.
Just in case you didn't know, you can also be the one to tell the story! Comment to let me know if you're interested.
RJBoy : Thank you @Mooers Labfor giving me the time to tell apart of my investing story. I’ve been spending years building my portfolio and spending countless hours researching companies to find that diamond in the ruff. My portfolio is diverse with different industries like tech, metals, EV, financial, and even crypto. Learning about investment strategies and reading about other people’s history with investing is one of my favorite pastimes.
Mooers LabOP RJBoy:
ZnWC : Thanks for the sharing which gives me a different perspectives about investment
. Here are my questions:
1. Using your momentum strategy, how do you invest when there are some many disruptions in the stock market (inflation, rate hike, company's earnings, recession risk etc)?
2. Based on your 6 years investment experience, what's your view about cryptocurrency? Do you think it still have a future when so many exchanger collapsed?
3. What do you find most challenging in investing? How do you overcome it?
You sharing is most appreciated
RJBoy ZnWC: 1. The great part of swing trading is being in the market or trade for only a few weeks. Buying before positive news can make for quick profit where you can buy quickly and sell after a pump. However, when negative sentiment hits the market or if things are not looking good in the long term then trading options is how I will make profit on the way down. Buying a put is my way to hedge against negative news or other bad press.
2. I have a positive outlook for the future of cryptocurrencies. Not all cryptocurrencies around today will be here tomorrow but there will be blockchains around in the future. $Bitcoin (BTC.CC)$ is not going anywhere in my opinion. Another thing to remember is that the fall of exchanges has little to do with the crypto but instead with bad actors committing fraud. In every industry there are bad actors trying to get ahead at the expense of others.
3. Emotions are the hardest part of trading for me. I either like stocks too much to sell when I’m in profit or don’t buy a potential stock that’s rising because its not the same industry as I usually purchase from. When I miss chances sometimes I would buy something just out of frustration. I have learn to keep emotions out of trading, just use technical analysis or fundamentals to trade and set stop losses or take profits. I also try to avoid trying to make a certain number ( gains wise) and instead I’ll make a percentage before I hope out a trade.
Noob Investor : Some say 'time in market' is more important than 'timing the market'.
RJBoy Noob Investor: That’s totally true, no need to time the market top/bottom when you implement a strategy to make profit. Learn from others mistakes is a word from the wise, also avoid making the same mistake more then once.
小白试试手 : Yea b careful
DudeThatsDerpy : I attempted to set a TP/SL order, but I do not see bracket orders on Moomoo; only market, limit, and trailing stops. Am I overlooking bracket orders somewhere?
realrohanroy : Hey RJBoy, thanks for sharing your tips and tricks and your trading history. I have recently started to spend more time trading and wanted to ask:
How do you set your take profit and stop loss? Is it a fixed percentage based on your buying price or do you keep it variable for each trade?
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