Mooer's stories | The paper trading winner who earned 310k with 1 stock!
Hi mooers,
We're excited to share the story of this week's community member and recent US stock paper trading competition winner, @Surf At Risk!
We interviewed @Surf At Risk about his background, investing journey, and experience winning the moomoo paper trading competition with just one trade!
Curious about how he did it? Let's dive in.
Name: Surf At Risk
Age: 29
Background: Currently working in the finance industry, holds a Master's degree from UNSW, plus is a CFA charterholder!
Investment type: Value investor.
Investment style: Looks for companies that will bring long-term value to the society. Achieve financial freedom.
1. What initially sparked your interest in the stock market and investing?
My dad used to share his stock investments with me when I was a kid. After I graduated with my master's, my parents gave me some money to invest.
2. How did you learn to invest at the beginning?
I learned from CFA, YouTube videos, and research reports.
CFA: Systematically learning the fundamentals of finance.
YouTube videos: Watching videos related to finance and economics.
Research reports: Studying insights and analysis from professional analysts.
3. How do you typically handle market volatility or downturns?
In the short term, I will reassess my portfolio to see if there have been any fundamental changes. If there are, I adjust my holding; if not, I stick to it and trust my judgment.
In the long term, I diversify my investments to reduce volatility and control drawdowns.
4. Are there any impressive cases you can share? Like your best trade ever?
In 2020, when the electric vehicle sector was booming, I made my biggest profit by investing in a copper stock. I followed industry analysts who emphasised the rapid growth in the EV market, predicting significant demand for key raw materials.
Realising the importance of copper in EV batteries and the broader supply chain, I saw a huge potential for price appreciation of copper. I decided to invest in Western Mining and I managed to earn a profit of A$200,000 in 12 months.
5. Can you describe the main strategy you employed during the competition?
During the paper trading competition, my main strategy focused on identifying short-term market trends. Here's a breakdown of the approach I took:
Stock selection: I focused on stocks with high volatility and liquidity, as these tend to have more significant price movements in short-term. I also paid attention to news catalysts and earnings reports that could impact stock prices.
Technical analysis: I also watch technical analysis, using indicators such as moving averages(MA), Relative Strength Index (RSI), and Bollinger Bands(BOLL) to identify potential entry and exit points.
Momentum trading: I looked for stocks showing strong upward momentum. This included monitoring pre-market activity to identify potential gainers and using volume analysis to confirm the strength of the trend.
Short interest and volume analysis: I closely monitored short interest and trading volume. High short interest could indicate potential short squeezes, while trading volume helped gauge the stock's liquidity and interest level.
Risk management: Risk management was crucial. I set strict stop-loss orders to minimize potential losses.
6. How did you decide on which stocks to invest in and when to make your moves?
I used the Featured List to look for opportunities in currently trending stocks. I discovered on the moo community that one mooer is talking about Roaring Kitty's return was causing a rally in meme stocks. Having experienced the GME event in 2021, I decided to engage in short-term trading of GME.
After buying in, I monitored the trading volume and short interest data. Trading volume reflects the stock's popularity and liquidity, while short interest data indicates the market's expectations for the stock's future price. When trading volume started to decline and short interest began to rise, I chose to sell the stock to lock in profits.
7. What key lessons or insights have you taken away from this competition that you think could benefit other traders?
I won first place by trading meme stocks, but meme stocks are highly volatile. In real-world trading, it's better to avoid them and choose valuable stocks for long-term investment.
8. How do you think paper trading competitions differ from real-world trading, and how has this competition prepared you for real investments?
The mindset and goals are different. In paper trading, the mindset is much more relaxed, and the goal is more about the short-term thrill.
9. What are there specific features on moomoo that you found particularly useful?
The Institutional Tracker feature is my favorite. It allows me to easily track quarterly changes in holdings of top institutions and learn from their latest investment strategies and market outlook.
Want to ask @Surf At Risk a question?
Topic: What else do you want to know about @Surf At Risk? Any other topics you want to discuss with him? Comment below to let us know.
Bonus:
70 points for mooers who ask insightful and on topic questions.
⏳Duration: From now to June 19 AEST
(Rewards will be distributed within 5–10 working days after the activity ends.)
📝Notes: We encourage respectful interactions in our community between all members.
We truly appreciate @Surf At Risk for sharing his inspiring experience with us! Feel free to interact with him if you have something to ask!
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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G’day! You’re in the right place!
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mr_cashcow : Hello, well done & congrats on ranking #1!![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
My question is how do u manage risk and what do u do to manage your emotional aspect when it comes to making key decisions like when to cut losses or take profits?
102362254 : Great story![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
My question: How often do you review and adjust your portfolio?
Zamm : Hi, what is your favourite drinks? Tea or coffee? Some said drinks both not good for investors brain. Do you?
WanEH : my question is how you filter out those share which has the potential to continue up?
LCS168 : my question is if you have sold the share and it continues to go up, will you plan to buy back at higher price?
ChengHoe : question is how much you set your cut loss point and you will immediate cut when reach that point? or need to wait the until closing price?
101550592 :
Sigma-Jobs : awesome
quekky : Do you have a specific time (during trading hours) where you find that it's the best time to trade?
ZnWC : Thanks for sharing
Here are my questions:
1. I see that you use a number of strategies in your investment and trading. Do you trade outside US like UK, Australia or China? Why?
2. I read that you work in the finance industry. I can see you do a lot of research before investing in a stock and sometimes micro-managing. How do you manage your time?
3. Do you buy/sell options? Can you share one strategy you use?
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