Moo Spotlights | See how these mooers won a place in Papertrading Competition Season 2
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
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.
...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.
🎤 Mooers Takeaways
...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.
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.
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!
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.
Spread your bets across different sectors to mitigate risk. Don't expect overnight success. Long-term investing is about building wealth steadily.
The most valuable lesson I’ve learned from this experience is the importance of staying informed and continuously educating oneself.
the regular investment plan is a great way to start some small get growing big
📖 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! ![]()
Try trading US options with moomoo, enjoying ZERO brokerage & FREE hot stock as your privilege NOW!
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Moomoo Official Account
G’day! You’re in the right place!
4805Followers
121Following
4539Visitors
Follow