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SG Forum for US Stock Paper Trading Competition
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[Spotlight]TOP5 Traders receive Gifts! (week 2)

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PaperTradingOfficial joined discussion · Jul 21, 2021 15:46
Dear mooers
Thank you so much for participating in the first season of the US Stock Paper Trading Competition held by moomoo.
Let's take a look at how did our leading participants perform in the previous week under the different market dynamic atmosphere.
Here we are excited to annouce our TOP5 traders of last week!
[Spotlight]TOP5 Traders receive Gifts! (week 2)
Congratualations for all of you five!
We have a Themed Gifts for our Top5 traders!
We will send the gift to your send within 7 business days after you provided all the informations.
Wanna be next mooer to receive gifts?
Register hereto join the competition of August!
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Market Snapshot
Financials and energy are weighing down the S&P 500 index in Friday afternoon trading.
U.S. stocks were down Friday afternoon and heading for a weekly decline, as data showing a fall consumer sentiment overshadowed an earlier report on a sharp rise in retail sales, while corporate earnings reports remained mixed.
Federal Reserve Chairman Jerome Powell this week again reassured markets that a rise inflation was likely to be temporary, but higher prices may be behind the fall in consumer sentiment.
[Spotlight]TOP5 Traders receive Gifts! (week 2)
For the week,$Dow Jones Industrial Average(.DJI.US)$was back down 0.5%, threatening to snap a string of weekly gains; the$S&P 500 index(.SPX.US)$is headed for a weekly decline of 0.9%, while the$Nasdaq Composite Index(.IXIC.US)$is looking at a weekly decline of 1.8%
Stock of The Week
Last week has been quite a volatiletime for the market. We saw aclassic“pump and dump” for our participants’ prior favor Newegg Commerce. Shares of both Virgin Galactic and Nvidia, two stocks that are also favored by our competition participants and the market, both plunged sharply in recent days due to unfavorable news.
Apple steps into the spotlight for our leading participants this week. Shares price of Apple has rallied to fresh new highs, pushing the company’s valuation to nearly $2.5 trillion, amid rising expectations from Wall Street ahead of the company’s quarterly financial results, due 27ththis month—along with growing expectations for the fall launch of new iPhones.
[Spotlight]TOP5 Traders receive Gifts! (week 2)
No.1
Our winner of the week is leading the competition two weeks in a row with a 73.84% of total P/L. He maintained his high-frequency trading with a weekly average of 16.4 trades per day while utilizing less than 50% of total capital. A lower capital allocation rate allows you to adjust your portfolio accordingly to different market atmospheres. It’s also possible that our champion of the week is adapting a safer strategy to invest with profit only so that he could limit the risk as well as keeping the principal safe, while still allowing for upside possibility.The favorite sector of our winner of the week is consumer cyclical. Our winner invested most heavily in Alibaba in his portfolio.
[Spotlight]TOP5 Traders receive Gifts! (week 2)
No.2
Our winner pcwSg has finished his last week strong: rising all the way to second place om the competition with a 25.23% of weekly P/L. This participant has topped our average daily trades record with an average daily trades of 47.55 and the highest success rate. Obviously, he knows how to apply a high-frequency trading strategy in his trading despite his preference toward a conservative industry - energy.His largest holding as of week 2 was TPL.
[Spotlight]TOP5 Traders receive Gifts! (week 2)
No.3
Wzhoa achieved third place in the second week with a 33.83% of total P/L. He was ranked in second place the previous week, but there is still plenty of time for him to climb back there.
Due to the lagging performance of the technology sector during last week, many tech lovers have experienced a hard time. The favorite sector of our second-place winner of the week is still technology. His largest holding as of week 1 was PLTR.
[Spotlight]TOP5 Traders receive Gifts! (week 2)
No.4
Babytart achieved fourth place again in the second week with a 24.03% of total P/L, which maintained his ranking from last week. This participant lowered his capital from 80% to 41%, which provides him more flexibility in this upcoming big week of corporate earnings, which includes Netflix, Intel, AT&T, etc. The favorite sector of our fourth-place winner of the week is financial. His largest holding as of week 2 is Futu holdings.
[Spotlight]TOP5 Traders receive Gifts! (week 2)
No.5
Mui Ben started his competition strong despite he joined the match one week later than others. His record should encourage other new participants in the competition who freshly entered the competition this week. He achieved fifth place this week with a 22.84% of total P/L. This participant utilized 97.5% of total capital with 28 transactions which would cause some difficulty in his portfolio adjustment. The favorite sector of our fifth-place winner of the week is technology. His largest holding as of week 2 is Apple, the legendary tech conglomerate.
[Spotlight]TOP5 Traders receive Gifts! (week 2)
The ongoing stock trading competition is yet to announce the final winner, while moomooers within the app still have a chance to win our prize for the season.
Keep trading and good luck to y’all!
Let us know if you have any questions or feedback by commenting below or @me! We are here for you, as always.
Follow our official account @PaperTradingOfficial,
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Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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