Leaderboard: Who Took the SG TOP3 Crown of Global Paper Trading Challenge in Week 2?

Moomoo SG joined discussion · 4 hours ago

As the Global Paper Trading Challenge processes, participants quickly adapted to the gameplay after a week of exploration, with a 65.3% positive return rate this week. We are thrilled to announce the latest updates on the leaderboard, showcasing the current standings of our participants.

Congratulations to the TOP3 mooers who topped the leaderboard!

Leaderboard: Who Took the SG TOP3 Crown of Global Paper Trading Challenge in Week 2?

*Data as of 25 October 2024, 5 PM (SGT)

*Tap here to review the reward rules.

*The rewards will be issued on 28 Oct 2024. Please contact our customer service for more details.

[TOP3 Trading Highlights]

A big shuffle in the top 3 of this week's leaderboard brings fresh faces and interesting trading highlights. This week, we’ll dive into the standout moves that led to these changes and what sets/strategies these top traders apart.

1. Small-Cap + High-Volatility Stocks：Many participants focus on low-priced small-cap stocks, such as $Genprex (GNPX.US)$, $Iterum Therapeutics (ITRM.US)$ and $Upexi (UPXI.US)$. 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.

[SG Top 10 stocks by number of trades in the 2nd week of the paper trading challenge]

1. Focus on High-Growth Sectors: There’s a clear preference for technology stocks, with semiconductor and other high-growth industries leading the way, such as $NVIDIA (NVDA.US)$ and $Tesla (TSLA.US)$ . Even the smaller companies on the list, like $Palantir (PLTR.US)$ and $Tevogen Bio Holdings (TVGN.US)$ , belong to trending sectors like tech software and biotechnology, which have been drawing significant attention in the market.

2. Targeting Market Leaders and Hot Stocks: Investors tend to choose large-cap companies with strong liquidity. This preference aligns well with current hot spots, as the U.S. earnings season and the upcoming election (reflected by interest in $Trump Media & Technology (DJT.US)$) have heightened activity around these stocks.

Missed the top spots this week? No worries, here are a few tips to help you aim higher next week:

1. Focus Market Highlights: Opportunities to Watch

For this week:

– Tesla's Bullish Month: Historically, November has been a strong month for Tesla, with the stock showing a 71% win rate and an average monthly change of 9.80% since its IPO.

– Unstoppable Gold Rally: On October 23rd, both COMEX gold and spot gold surged past the $2,750 mark, setting a new all-time high. Gold is perceived as a convergence point for several prevailing trading themes

2. Join moomoo sessions

If you’re still unsure about picking the right assets, moomoo has you covered! Join our educational sessions and get some practical insights.

For this week, moomoo provides a more detailed gameplay guide! Click here to read more!

We sincerely thank all participants, including those not yet on the leaderboard. Your enthusiasm and effort are greatly appreciated. Stay motivated, and continue striving as the competition progresses—there are still many opportunities ahead!

Stay tuned for exciting upcoming events and new opportunities to enhance your trading skills. Here’s to a prosperous 2024, filled with continuous learning and collaborative endeavors within our community!

Let’s work together to hit those top ranks!

Can't wait? Click here to join the challenge👇