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[Spotlight]US Stock Paper Trading Competition Season1 Recap

PaperTradingOfficial joined discussion · Aug 5, 2021 14:34

Dear moomooers

Thank you so much for participating in the first season of the US Stock Paper Trading Competition held by moomoo. With given virtual cash, traders can build out the portfolio they always dreamed of, all experience levels investors were welcomed and top performers will be rewarded final prizes.

Now let's take a look athow did our leading participants perform in the previous week under the different market dynamic atmosphere.

Market Recap

U.S. stocks hung on to their gains for July, despite drifting lower in a quiet final trading session of the month.

A months-long rally in U.S. stocks has slowed down in recent weeks on worries about the outlook for the economy and the resurgence of the pandemic. Lingering concerns over regulation of Chinese internet and technology businesses, as well as lofty expectations for corporate earnings, also weighed on sentiment this week. $Amazon.Com Inc(AMZN.US)$'s disappointing sales report late Thursday and weaker outlook rattled Wall Street further, investors say.

Nevertheless, the S&P 500 managed to close out July with another month of gains, thanks in part to rallying shares of utilities and real-estate companies. The bondlike stocks tend to pay hefty dividends to investors, making them look relatively attractive when markets are volatile.

· The $S&P 500 index(.SPX.US)$ fell 23.89 points, or 0.5%, to 4395.26 Friday and rose 2.3% in July -- marking its sixth consecutive month of gains.

· The $Dow Jones Industrial Average(.DJI.US)$ slipped 149.06 points, or 0.4%, to 34935.47 and posted a 1.3% gain for the month.

· The $Nasdaq Composite Index(.IXIC.US)$ lost 105.58 points, or 0.7%, to 14672.68 and added 1.2% for the month.

"There are so many crosscurrents going on at the moment influencing markets," said Sebastian Mackay, a multiasset fund manager at Invesco. "We've entered a more volatile period for markets, but markets will continue to move higher because we're still seeing economic growth."

Disappointing quarterly results from technology companies put pressure on some growth stockslastFriday.

Stock of The Week

Biotech SE, the co-developer of the first vaccine that received FDAEmergency Use Authorization (EUA), hascome to the attention of our participants during the previous week. The share price of the company surged as much as 16% over the previous week after it announced promising news. The company has posted the news that includes a future plan of mRNA vaccine price hike, a future vaccine development plan for malaria, as well as an expanding testing number of children for mRNA vaccine required by the FDA. As the new variant brought back uncertainty to the market, the entire healthcare sector will likely continue togain momentum in the future few months.

[Spotlight]US Stock Paper Trading Competition Season1 Recap

No.1

Let us congratulates the winner of the first season!

User pcwSg has won the grant price for this season with a total return of 128.97%. After four weeks of extreme competition, he finally surpassed all other participants and proven his high-frequency trading technique with a stunning success rate of 90.38%. Our winner has shown us the importance to select the correct trading strategy as well as applying the strategy to every trade you make. has shown us the importance of seeking different opportunities by picking stocks from multiple sectors including technology, financial and energy. Congratulations and best wishes for our champion's next adventure!

No.2

Heartfelt congratulations to MrMarketWin as the second-place winner of the season!

MrMarketWin also adapts high-frequency trading as his trading strategy, which helps him maintained first-place for three weeks in the competition. However, his strategy is more conservative comparing to pcwSg which could be revealed in their difference in transaction amounts and total transactions. MrMarketWin has shown us the importance of position management. Throughout the entire competition, he has maintained his asset allocation rate around 60% which both allow for strong profitability and adequate flexibility for position adjustment in volatile market conditions.

No.3

Sincere congratulations on your hard-earned success, wzhoa!

Wzhoa has achieved the third-place in our first season with a P/L% of 52.34%. He has proven himself in all his momentum trades. He has obtained decent profit from semiconductor concept stocks and vaccine concept stocks, which have shown strong momentum in the past few weeks due to chip shortages and crisis resurgence respectively. Wzhoa is the only day trader among the ten participants with a daily average trade of around 10.

No.4

TYSNG has finished the season strong with a 48.73% of total P/L as our fourth-place winner. His stock selection and enter timing have helps him achieved a decent return this month. Over the first season, we could notice that our participants are changing their attention from WSB related stocks to vaccine concept stocks. TYSNG has invested vaccine-related stocks at the lowest price and obtained the highest return among all participants.As Warren Buffett once said in a letter to his shareholders, “It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”

No.5

Williskerk has finished the season as our fifth-place winner with a total return of 30.65%. He has well-diversified his portfolio by holding a few of the companies. Additionally, he also made a couple rebound trades on stocks after their recent plunges, showing his preference in value stocks.The favorite sector of our fifth-place winner of the week is Communication Service. His largest holding as of week 4 isPinterest, the image and design sharing platform.

No.6

User 101859420 has won sixth place in the competition with a 26% overall return. His favorite stock was AMC Entertainment, which was his most traded company. This winner has successfully obtained his profit despite the negative run of the company during this month. The company’s massive run this year has come as it has been embraced as one of the darlings of Wall Street Bets, a popular Reddit forum where users trade stock advice. However, share prices of the company have lost momentum ever since the company declared its stock issuance plan.

No.7

LouisFeng is the 7 top-performing candidate of the season. Louis finished the season with a Net P/L of 24.47% and merely 17 trades over the entire month. Despite the lesser transactions amount, she has obtained a decent investment return with good stock pitching skills. Her preference for blue-chip stocks has ensured a stable portfolio return major stock in the portfolio - Tesla and Nokia, both obtained a decent return.

No.8

Moving on to 8th top-performing candidate, who scored a 22.73% return from his trading activity. Jun Yee made his major swing trade on META MATLS INC, a developer of high-performance functional materials and nanocomposites as the tech sector has been acting well of late. The trader also focused on some selective Reddit names as they bombed once again last month as the bull has been extremely aggressive and intraday sentiment heated up a bit off the rally. The actions did help the trader mined notable gains during these sessions.

No.9

Next, we would also like to congratulate the 9th top-performing candidate 101501470. The trader's most aggressive buying remains in a handful of health care names, which don't need to rely on economic growth as yield melts away but on the recent surges in health concerns worldwide. Big Pharma like MRNA BNTX saw the trader buying in the last few sessions. These positions ended up helping the trader mined 21.92% profit.

No.10

Health care stocks have been popular among investors in the stock market over the past few sessions. After all, it is the health care industry that plays the biggest role in keeping the pandemic in check. Our 10th top-performing candidate among those investors is also posting large gains on bullish positions opened in big pharma names like BNTX MRNA NVAX, those positions brought 21.27% gains to the portfolio, showing how quickly the healthcare stocks can far outperform under the specific market dynamic.

Congratulations and BRAVO to our winner and all participants.

You have proven your investment skill and sharpen your investing strategy. Thank you for participating in the first season of moomoo paper trading competition! We are looking forward to seeing you in the next season.

Let us know if you have any questions or feedback by commenting below or @me! We are here for you, as always.

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