Mooers' Stories | Why @MonkeyGee traded 'impulsive investing' for long-term wealth creation
Hi, mooers. Welcome back to Mooers' Stories, where we unveil our community members' unique paths in their investment journeys. In this episode, let's explore the journey of @MonkeyGee, who traded the frenzy of 'impulsive investing' for a strategic path towards long-term wealth creation. Discover insightful tips, shifts in mindset, and actionable steps taken to embrace a sustainable investment approach for lasting financial success.
🔍 Why @MonkeyGee traded 'impulsive investing' for a long-term investing strategy
After more than 30 years of trading stocks, moomoo user @MonkeyGee came to a realization. Until now, much of his trading strategy had relied on reacting to swift market changes and buzz generated by online traders. Ultimately this led to more losses than gains.
Now, @MonkeyGee is using moomoo’s trading tools and community to shape a more sustainable trading strategy that aims to generate long-term wealth and greater financial stability.
We caught up with him to find out the significant lessons he has learned, his favorite moomoo tools, and the advice he’d give to first-time investors.
🔍 Shifting focus from ‘FOMO’ to financial stability
🔍 Shifting focus from ‘FOMO’ to financial stability
Initially reliant on mass media platforms like YouTube, Yahoo, CNN, Bloomberg, for market insights, @MonkeyGee's trading approach has since transformed. He now embraces a more sustainable and structured strategy, fostering independent thinking and minimizing reliance on herd mentality.
“My trading strategy has shifted away from trading on hype and focuses more on long-term investments and swing trading supported by company fundamentals and technical analysis. By eliminating the noise, I can maintain a clear mindset.
“I came to recognize that ‘FOMO’ or the ‘Fear of Missing Out’ is a very real phenomenon. It can often lead people to overtrade or make trades for the sake of trading, ultimately resulting in more losses than gains.
“Nowadays, if the market is unfavorable or sluggish, I've learned to divert my focus by working on my cars, which provides a good distraction.”
“Moomoo provides valuable information for informed trading. It's like having TD, TradingView, Bloomberg, and Twitter all in one.”
🔍 Investing in sectors with long-term potential
“This is just the beginning of the EV market. In the coming years, many of the current startups may either be consolidated or go into bankruptcy. What will remain are the survivors, each carving out their own specific market segment. Competition will likely become less fierce, allowing for more aggressive growth.
“Some people believe that Tesla will be the sole survivor in the EV market, but have you ever seen a single company dominate an entire industry?
“Perhaps Tesla will dominate in the USA, but just like Google, there will be equivalent foreign versions. I believe these foreign EV companies will experience significant and sustained growth for many more years to come."
Gaining a comprehensive view of a company's well-being. @MonkeyGee uses moomoo to ensure any stock he plans on investing in meets a criteria that aligns with his overall investment strategy.
“If a stock doesn't meet my investment criteria, I either avoid it or allocate only a small portion of my capital to it. I've learned the importance of quality over quantity.”
🔍 Realistic expectations + healthy mindset = potential for long-term success
@MonkeyGee is an active member of the moo community, which connects the platform’s 20+ million users*.
"Being part of the moo community has taught me the invaluable lesson of balancing realistic expectations with a healthy mindset. There are no overnight millionaires or shortcuts to riches, and it's important to approach trading with realistic expectations.
"The moo community has provided me with a platform to share my perspective on stocks. Any potential flaws in my assessments are often identified by fellow key members within the moo community. This interaction has helped bring out the experience that I have acquired over many years of trading.
“This community support has been instrumental in my journey. I'm dedicated to nurturing a healthy environment within the community because I know that the moo community has helped unlock my success in trading."
🎁 Interactive Activity: Spark meaningful conversations
🎁 Interactive Activity: Spark meaningful conversations
Topic: Curious about @MonkeyGee's investing journey or have topics you're eager to explore with him? Drop your questions in the comments for an engaging discussion.
Bonus:
Activity Period: Through February. 21, 11:59 PM.
(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 @MonkeyGee for sharing his 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! There is also a chance for your story to get more exposure to multi-channel media. Interested? Comment below to let us know!
Thanks for your time. See you next time!![]()
Disclosure: This content is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investing involves risks. Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. Securities are offered through Moomoo Financial Inc., Member FINRA/SIPC.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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SpyderCall : @MonkeyGee
bullrider_21 :
AkLi : Great post!
doctorpot1 : huat ahhhh
amiable Llama_6295 :
Meme_Short_Queen : what is your take on the role fundamental analysis plays for long term return?
MonkeyGee Meme_Short_Queen: fundamental analysis is one of the important tools that is required for long-term success. You must know how to identify a quality trade vs. a FOMO trade. I see so many people chasing after these Penny stocks that have no value. The only person who is going to win is the pimp. With fundamental analysis, you can identify solid companies that are under value that has been oversold. And using technical analysis to help you identify when to go in and when to take profit. Good example is Disney undervalued due to external factors or Palantir quality company that was undervalued before earnings. Hope this helps.
MonkeyGee Meme_Short_Queen: DIS pop afterhours.