Market fluctuated heavily. More than 50% Aussies' P/L still won the NASDAQ!

Welcome to moomoo 12th anniversary Global Paper Trading Challenge! The competition is entering its final week. Let's take a look at the outstanding contestants who provided us with impressive trading strategies in last week's competition!

The top-performing user from last week continued to lead the market this week, still employing an event-driven strategy that he is proficient in. This involved short-selling highly elastic small-cap stocks with weak fundamentals at high levels. Several of his transactions benefited from this approach. For instance, on October 30, the trader conducted ten consecutive trades on $Tharimmune (THAR.US)$ , a stock that surged by up to 209% on the day, reaching a high of $6.28. The trader decisively chose to continuously short the stock in tranches within the range of $5.65 to $2.18, earning over $20,000.

In addition to reverse short selling, one can also operate positively, utilizing high volatility for low buying and high selling. As one trader did with $Universal Security Instruments (UUU.US)$ , he bought continuously from October 29 to 30 and sold at the peak on the 31st. The stock experienced significant volatility last week, as the company announced that the safety product manufacturer based in Owings Mills, Md., had agreed to sell substantially all of its assets to privately held Feit Electric for $6 million. Universal stated it plans to seek shareholder approval for a subsequent liquidation and dissolution, adding that it expects its investors will receive a distribution of about $2.51 per share, more than 70% above the closing price of $1.45 on Wednesday.

If you haven't participated in the challenge yet, sign up now to learn and trade with global investors! Whether you’re in the US, Canada, Australia, Singapore, Malaysia, Japan, or Hong Kong, it’s your turn to shine and win USD 10,000 cash rewards.