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Have you ever wondered how to get started in the stock market? Paper trading is a great way for aspiring investors to learn the ropes without risking real money. In May 2024, I participated in the moomoo Papertrading Competition, where I turned virtual cash of USD 500,000 into a profit of USD 82,266.39 (16.45% yield) and ranked No. 8. In this article, I'll share my experience in the competition and provide va...
![From Paper Cash to Real Profits: My 16.45% Return in the moomoo Papertrading Competition](https://sgsnsimg.moomoo.com/sns_client_feed/151317597/20240605/1717524577139-80b6ecc0cd.png?area=102&is_public=true)
![From Paper Cash to Real Profits: My 16.45% Return in the moomoo Papertrading Competition](https://sgsnsimg.moomoo.com/sns_client_feed/151317597/20240605/1717524766137-35494fb7d0.png?area=102&is_public=true)
![From Paper Cash to Real Profits: My 16.45% Return in the moomoo Papertrading Competition](https://sgsnsimg.moomoo.com/sns_client_feed/151317597/20240605/1717524766149-0a639c2338.png?area=102&is_public=true)
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Do you want to trade with 0 risks?
Can you image that your trading might lead to a donation to a foundation?
Moomoo has made these two things happen in one event:
Paper Trading Competition for Charity
Paper trading, without risking real money
Paper trading, completely free
We’ll donate S$1 to Make-A-Wish Foundation for every additional mooer using Paper Trading.
As the saying goes, practice makes perfect. We believe that paper trading masters ...
Can you image that your trading might lead to a donation to a foundation?
Moomoo has made these two things happen in one event:
Paper Trading Competition for Charity
Paper trading, without risking real money
Paper trading, completely free
We’ll donate S$1 to Make-A-Wish Foundation for every additional mooer using Paper Trading.
As the saying goes, practice makes perfect. We believe that paper trading masters ...
![Not sure how to do paper trade on moomoo? Don't worry](https://ussnsimg.moomoo.com/101000107/editor_image/27157ae982933b39a66d0874fc0f9c95.jpg/thumb)
![Not sure how to do paper trade on moomoo? Don't worry](https://ussnsimg.moomoo.com/101000107/editor_image/6cd106aacb45324f8ace96e17ef790d6.png/thumb)
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Have you tried Papertrade in moomoo? A paper trade is a simulated trade that allows investors to practice buying and selling without risking real money.
This time, we are glad to invite you to make stock paper trading and share investment strategies with all mooers! You can test your portfolio and watch its performance through Papertrade.
Knock kn...
![Paper Trade for Charity: You Grow, I Donate](https://ussnsimg.moomoo.com/feed_image/101000100/71959ff1e7a83614a03df1946b0ba949.jpg/thumb)
![Paper Trade for Charity: You Grow, I Donate](https://ussnsimg.moomoo.com/feed_image/101000100/e3079b3ca3c23620975d201c27aabaf4.jpg/thumb)
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Mark Today's Day 3 progress appears to be slightly better, with P/L significantly higher than the previous two days. l bought $Tesla (TSLA.US)$ and $Apple (AAPL.US)$ stocks today.
Every day, I'll post an investment quote.
Today’s quote: "The stock market is filled with individuals who know the price of everything, but the value of nothing." — Phillip Fisher ~ Another testament to the fact that investing without an education and research will ultimately lead to regrettable investm...
Every day, I'll post an investment quote.
Today’s quote: "The stock market is filled with individuals who know the price of everything, but the value of nothing." — Phillip Fisher ~ Another testament to the fact that investing without an education and research will ultimately lead to regrettable investm...
![Day 3️⃣ Practice](https://sgsnsimg.moomoo.com/feed_image/102670295/f8421db5dc8436cca5e9233f2e7e2e0b.gif/thumb)
![Day 3️⃣ Practice](https://sgsnsimg.moomoo.com/feed_image/102670295/b9ecc19240ec3fe18f5aa7d5fe311821.jpg/thumb)
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This is the very first time I’m joining a trade competition. Don’t think I’ll be able to win it but looks fun ![]()
Definitely able to learn a lot ! Lets all have fun together for the following 4 weeks ![]()
![Oh yeah !! Let’s do this !!!](https://sgsnsimg.moomoo.com/feed_image/102871788/296c7ca35dd434aeaac5662be6b5fdd3.jpg/thumb)
![Oh yeah !! Let’s do this !!!](https://sgsnsimg.moomoo.com/feed_image/102871788/4cd33e9d13c9334fa2d23b2a5cc8e552.jpg/thumb)
![Oh yeah !! Let’s do this !!!](https://sgsnsimg.moomoo.com/feed_image/102871788/cc29e2a34c953037bdc17cbe3164c8e4.jpg/thumb)
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The leaderboard in the paper trading is the one that inspires me the most!! Very good!!
P/L +60%+++ wow!!![]()
![]()
P/L +60%+++ wow!!
![Great Job! 👏🏻👏🏻](https://sgsnsimg.moomoo.com/feed_image/102670295/bf0ce449963b3a5884ca422e018df977.jpg/thumb)
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Mark Day 6 progress: Slightly better P/L. Keep fighting!!
Every day, I'll post an investment quote.
Today’s quote: “Invest for the long haul. Don’t get too greedy and don’t get too scared.”— Shelby M.C. Davis. Meaning ~ Be patient and think long term.
Every day, I'll post an investment quote.
Today’s quote: “Invest for the long haul. Don’t get too greedy and don’t get too scared.”— Shelby M.C. Davis. Meaning ~ Be patient and think long term.
![Day 6️⃣ Practice](https://sgsnsimg.moomoo.com/feed_image/102670295/340b0f1ecaf53e81a77e312f1792d351.gif/thumb)
![Day 6️⃣ Practice](https://sgsnsimg.moomoo.com/feed_image/102670295/4602bd5f6bd6392eaa05b69713e6a088.jpg/thumb)
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Mark my Day 5 progress: P/L is not too good. Too difficult!
I hope for better progress next week, keep fighting!!
Every day, I'll post an investment quote.
Today’s quote: “We don’t have to be smarter than the rest. We have to be more disciplined than the rest” - Warren Buffet. Returns depend on investment and the duration of the investment. If you invest for a long-term in equities, it will give you good long-term returns.
Every day, I'll post an investment quote.
Today’s quote: “We don’t have to be smarter than the rest. We have to be more disciplined than the rest” - Warren Buffet. Returns depend on investment and the duration of the investment. If you invest for a long-term in equities, it will give you good long-term returns.
![Day 5️⃣ Practice](https://sgsnsimg.moomoo.com/feed_image/102670295/c471680924a63425a71b77711a5ea056.gif/thumb)
![Day 5️⃣ Practice](https://sgsnsimg.moomoo.com/feed_image/102670295/606a59a3b1d63b65bafd840cfa5846fb.jpg/thumb)
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P/L not too bad at the end of the competition; at the very least, I learned a lot from this paper trading; there is no risk and no cost, and you cannot lose money due to bad decisions or poor timing.
Congratulations and well done to everyone on the leaderboards!! Thank you Moomoo and see you at the next interesting event!
Congratulations and well done to everyone on the leaderboards!! Thank you Moomoo and see you at the next interesting event!
![End of Week 4️⃣ - Competition Ends](https://sgsnsimg.moomoo.com/feed_image/102670295/0e9811b87ad03e27bfe3830565739230.jpg/thumb)
![End of Week 4️⃣ - Competition Ends](https://sgsnsimg.moomoo.com/feed_image/102670295/b38f3fdd582935edb4145c351c99fdea.jpg/thumb)
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I'm going to sell my Tesla stock if it makes any money. P/L looks good this week, but I'm not sure if it will last until Friday. Best wishes!! ![]()
$Tesla (TSLA.US)$
I'll post an investment quote.
Today’s quote: “You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets." — Peter Lynch. Meaning when faced with recessions or declines, you must maintain your course. Economy are cyclical, and markets ...
$Tesla (TSLA.US)$
I'll post an investment quote.
Today’s quote: “You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets." — Peter Lynch. Meaning when faced with recessions or declines, you must maintain your course. Economy are cyclical, and markets ...
![Tesla](https://sgsnsimg.moomoo.com/feed_image/102670295/34a467a97bc836eb9e8f9d86d2d1a234.gif/thumb)
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Kakakala12 : Really appreciate your opinions!!
Chii11 : wow!![rocket 🚀](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f680.png)
![crescent_moon 🌙](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f319.png)
![ramen 🍜](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f35c.png)
Brooklynnn :![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
Carry on.
insearchofmoney : thanks for sharing
SYLENDA DIXON : How do I get a demo account??? I do not know how to trade at all.