Moo Spotlights | See how these mooers won a place in Papertrading Competition Season 2

Moomoo AU wrote a column · Aug 20, 2024 19:55

Hello, mooers!

It's nice to share the spotlights in community with you

Our second season of the Papertrading Competition has officially come to an end, and it's great to see many of our users sharing their thoughts and takeaways from the competition, including the two winners of the competition (U.S. stock market and Australian stock market) as well as the top 20 ranked users.

Taking a squiz at what others have learned can really give your skills a boost. You can also leave your questions under their stories, communicating with the winners directly.

Let's dive into the nuggets of gold they've tossed our way!

🏆 Champion Story

@JMack89: How to profit $1M by option strategy

It was important at some stages of the competition to deploy capital preservation techniques and selling stocks that met my target price to preserve the margin already realised. These techniques included rebalancing, where I adjusted my portfolio to maintain my risk tolerance; hedging in the US competition to protect against volatility; diversification to spread risk across sectors; profit-taking to lock in gains; and maintaining cash reserves for flexibility.

Moo Spotlights | See how these mooers won a place in Papertrading Competition Season 2

@Drgon Empty Drg : Get 235% return with various option strategies

...any trade that makes money is a good trade, even if it's just $1......the trade that makes you lose money......can help you to review your trading execution - which problem made this wrong? Did you feel scare? Did you lack confidence at that point? Or did you just not trade as you planed before?

Have you mentioned that both of the 2 champions are into options trading? Well, options can absolutely amplify your P/L comparing to the flat stocks investment. But how to do options trading and why to do so? Keep reading and you have to gain from the following excellent sharings.

BTW - Our AU Paper Trading Competition group has already become an exciting plaza for any investment/trading discussion. Join here>>

Excerpts from the group

🎤 Mooers Takeaways

@Robin Rockets: How I get 129% increase in just one week

...the most important thing is your portfolio is not restricted in one market, I began to diversified by trading in different market (US, AU, HK) to avoid the home bias and learnt to use options, CFDs to trade volatility.

@PunchingKitty: How I Profited from Shorting NVDA and Semiconductor ETF

Markets tend to overreact, leading to extreme buying and selling phases. Recognizing when a buying climax is turning into a selling climax can provide excellent shorting opportunities.

@JMack89: Not only the champion of AU competition, but also a great trader in US market

I deployed breakout investment strategies, identifying stocks with the potential for rapid price movements, which helped me climb to the #1 position in the US competition. 24 hours prior to the competition ending I closed out my positions however this proved not quite enough with @Drgon Empty Drg leveraging volatility index futures perfectly in the last trading session – well played!

@Surf At Risk: Season 1's US champion learned from the market this time

Research is Key. I spent a lot of time researching my picks, and it paid off. Deep dives into company fundamentals, industry trends, and economic indicators can give you that edge.

( Read Surf At Risk's Champion Story here>>)

@Chris 151317597: How I Cracked the Top 20 with Long-Term Value Investing

Spread your bets across different sectors to mitigate risk. Don't expect overnight success. Long-term investing is about building wealth steadily.

@6plus1: How I Navigated My First Paper Trading Competition

The most valuable lesson I’ve learned from this experience is the importance of staying informed and continuously educating oneself.

@aaaaaaaroni: A newbie's basic rule learned from this papertrading competition

the regular investment plan is a great way to start some small get growing big

More to Explore

📖 What's the analysis of the winners' strategies? Check it here>>

📖 OPTIONS - many winners mentioned this in their stories. Then what should you know about this trading?

We've delivered all the rewards to these active mooers who won a rank & shared their stories🎁 Check your DM!

Do you have any constructive advice for Papertrading Competition? Whether it's regarding rewards, scheduling, or any other aspect, please share your thoughts in comments. Perhaps, your wish will come into reality in the future seasons!

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