Coinbase and MSTR's early layout.
I am delighted to have ranked 14th and achieved nearly 43% return in the papertrade competition on moomoo in AU. Today, I would like to share some thoughts and insights on my firm positions in Coinbase and MSTR, for your reference. I haven't been in the market for very long, so I welcome critiques and different perspectives from experienced traders.
When starting to participate in papertrading, it is important to do some preparation in stock selection. At that time, the Fed has already cut interest rates and bitcoin has begun to rebound from its lows. As the economic situation is improving, a large amount of capital has slowly returned to the market and the cryptocurrency community.
At that time, the US presidential election had already begun, and it is important to note that Trump supports cryptocurrency. If Trump takes office, it will definitely be very bullish for bitcoin, as well as for cryptocurrency exchanges and mining companies.
Of course, until the election is actually won, everything is still unknown. So, based on the available information and analysis, it is important to assess Trump's chances of winning. After Musk fully endorsed Trump and Watts nominated as vice president, I think the chances of winning seem clear, especially since people from paypal, including the CEO Peter, have already placed their bets.
So, under these conditions, I have positioned myself in MSTR. $MicroStrategy (MSTR.US)$ as well as Coinbase, $Coinbase (COIN.US)$ mining stocks like Mara, $MARA Holdings (MARA.US)$ almost all of my large positions. Additionally, I bought a small position in DJT Trump Media Group, $Trump Media & Technology (DJT.US)$ a popular concept stock for election speculation. The risk is high, but the returns are considerable. I actually did not buy leveraged ETFs, even though it is papertrade. I am still cautious, as leverage can have significant fluctuations. Trading needs to be done carefully and market conditions should be monitored closely.
Finally, it is worth mentioning that while I have learned a lot in this competition, paper trading is still paper trading. Real trading should not be taken lightly, as investments carry risks and market entry requires caution.
Thank you moomoo for supporting this interesting competition!
When starting to participate in papertrading, it is important to do some preparation in stock selection. At that time, the Fed has already cut interest rates and bitcoin has begun to rebound from its lows. As the economic situation is improving, a large amount of capital has slowly returned to the market and the cryptocurrency community.
At that time, the US presidential election had already begun, and it is important to note that Trump supports cryptocurrency. If Trump takes office, it will definitely be very bullish for bitcoin, as well as for cryptocurrency exchanges and mining companies.
Of course, until the election is actually won, everything is still unknown. So, based on the available information and analysis, it is important to assess Trump's chances of winning. After Musk fully endorsed Trump and Watts nominated as vice president, I think the chances of winning seem clear, especially since people from paypal, including the CEO Peter, have already placed their bets.
So, under these conditions, I have positioned myself in MSTR. $MicroStrategy (MSTR.US)$ as well as Coinbase, $Coinbase (COIN.US)$ mining stocks like Mara, $MARA Holdings (MARA.US)$ almost all of my large positions. Additionally, I bought a small position in DJT Trump Media Group, $Trump Media & Technology (DJT.US)$ a popular concept stock for election speculation. The risk is high, but the returns are considerable. I actually did not buy leveraged ETFs, even though it is papertrade. I am still cautious, as leverage can have significant fluctuations. Trading needs to be done carefully and market conditions should be monitored closely.
Finally, it is worth mentioning that while I have learned a lot in this competition, paper trading is still paper trading. Real trading should not be taken lightly, as investments carry risks and market entry requires caution.
Thank you moomoo for supporting this interesting competition!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
deadGalaxy : The main point is, when would be your best point to take profit and exit?
M Power OP deadGalaxy : Hello, I have been holding mstr and coinbase since the first week of 10.15, with cost prices of 196 and 199 respectively, and have been holding them until the end of the competition. The only profit-taking adjustments I made were for mining stocks and DJT, of which I sold immediately when Trump announced his election victory.
Pochong deadGalaxy : Maybe never, ever? It doesnt fall or retrace at all
Moomoo AU : Thanks for your sincere sharings!