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Leaderboard: Who are the top 3 in the 2024 Global Paper Trading Challenge?

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Moomoo MY wrote a column · Nov 1, 2024 10:20
Hello mooers,
As the 2024 Global Paper Trading competition progresses, we are excited to share the latest updates on the leaderboard, highlighting the current standings of our participants.
Without further ado, congratulations to the top three Mooers who have excelled and claimed their spots at the top of the leaderboard with their incredible performances!
[Top 1 in Profits]
@Ric Goh (ID: 101514758)
[Top 2 in Profits]
@103359300 (ID: 103359300)
[Top 3 in Profits]
@103342536 (ID: 103342536)
Leaderboard: Who are the top 3 in the 2024 Global Paper Trading Challenge?
[Top 10 stocks by number of trades in the 2nd week of the paper trading challenge]
Moomoo has compiled the top 10 stocks by number of trades from the second week of the challenge. Do any of your favorite stocks make the list?
Leaderboard: Who are the top 3 in the 2024 Global Paper Trading Challenge?
Trading Highlights
1. Small-Cap + High-Volatility Stocks:Many participants focus on low-priced small-cap stocks, such as $Bright Minds Biosciences (DRUG.US)$ and $Tevogen Bio Holdings (TVGN.US)$. These stocks tend to have high volatility and significant short-term price swings, making them suitable for short-term arbitrage. However, this approach requires strong risk management skills.
2. Swing Trading Strategy: Participants' portfolios demonstrate a swing trading approach, with positions bought at low prices and quickly sold within a short timeframe. This strategy demands the ability to quickly gauge market sentiment and adjust holdings to adapt to market changes.
Also, congratulations to the top 10 players on this week's regional earnings leaderboard!
Leaderboard: Who are the top 3 in the 2024 Global Paper Trading Challenge?
*Tap here to review the reward rules.
Missed the top spots this week? No worries, here are a few tips to help you aim higher next week:
Focus Market Highlights: Opportunities to Watch
As everyone is paying attention, $Trump Media & Technology (DJT.US)$ has become a popular stock in recent simulated trading challenges. With the results of the U.S. election set to be announced next week, current bets on Polymarket show Trump with an overwhelming lead (67% vs. 33%). However, according to the RealClearPolitics polling data from 31 Oct, Harris is only slightly ahead of Trump by 0.5 percentage points, indicating a near tie.
Leaderboard: Who are the top 3 in the 2024 Global Paper Trading Challenge?
As Election Day approaches, investors should carefully manage their risks and consider assets that could benefit either candidate.
If you have strong opinions and want to pursue related trades, stay tuned for more information:
If you haven’t made it onto the leaderboard yet, don’t be discouraged! The competition is still ongoing. We sincerely thank all participants for making this event such a memorable experience. Your enthusiasm and active involvement truly unite our community.
Stay tuned for exciting upcoming events and new opportunities to enhance your trading skills. Here’s to a successful 2024 filled with continuous learning and collaboration within our community!
Leaderboard: Who are the top 3 in the 2024 Global Paper Trading Challenge?
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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Moomoo MY
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