My paper trading thread

Jason Fung OP : Week 1 updates:
I allocated my capitals on 3 large cap, blue chip stocks ($Berkshire Hathaway-B (BRK.B.US)$, $Visa (V.US)$, $MasterCard (MA.US)$) last Friday. My account balance was in the red slightly when market closed on Friday. Nothing too concerning since this time the paper trading competition lasts for a month. I am confident about my picks since these are all very large and stable companies that have a wide moat.

When the market opened today, most stocks are up and I am able to make a profit when it closed. I am happy that I am off to a pretty good start. As I mentioned before, this time I will be using a buy and hold strategy. So, my portfolio won't really change much on a day to day basis. If there is any change, I will surely update you guys here. That's all I would like to share. I will provide my updates again in week 2.

Jason Fung OP : Week 2 updates:
Last week had been a pretty good week. My 3 holdings all went up and I was making a profit (+2%) overall. I also achieved daily positive returns in 4 out of 5 days. I am getting close to winning my $10 cash reward. Hope I will get there this week.

This week the market had started off pretty weak. From Friday to today I gave back all of my gain and I am currently down (-0.25%) overall. I will remain patient for now as I should have faith in my picks. I may consider selling my positions if things don't improve as the week progresses.

Jason Fung OP : Week 3 updates:
It was not an eventful week for me as my portfolio has not been gaining much momentum since last week. I am still up slightly (~$70) overall at market close today. So I can't really complain. On a positive note, I won my first $10 cash reward by achieving a positive daily return for 5 days. Thank you moomoo!! I am currently 2 out of 5 days for my next $10 cash reward. It would be very sweet if I can win another one before the end of the paper trading competition.

For this week I am going with the same companies again. I still have faith in them and also I would like to know how my buy-and-hold strategy would turn out in the end. Wish me luck!!

Jason Fung OP : Week 4 updates:
Last week was a productive week as I was able to achieve a positive daily return for 3 days. And today I won my second $10 cash reward. Thank you moomoo. Although I am no where close on the leaderboard, I am quite satisfied with my result and could not have asked for any better.

Earlier today I exited from all my positions to ensure I will get my positive daily return when the market was still up. Now that I got my cash reward in the bag, I can afford to take more risk and see how far I can take my portfolio until the end of this competition. I will check which companies will be announcing their earnings this week and pick a few that I think will announce a great earnings and provide strong guidance. I will try to update you guys by end of this week. Wish you all best of luck and happy trading!!

Jason Fung OP : Week 5 updates:
I didn't end up buying any companies the day before their earnings. I bought a previous stock back ( $Berkshire Hathaway-B (BRK.B.US)$) and also dabbled with $Apple (AAPL.US)$ and $Microsoft (MSFT.US)$. I closed all my positions yesterday and in the end I didn't make any profits and was slightly down compared to my initial account balance. It was still a fun experience participating in this paper trading competition. I got my cash rewards and could not have asked for any better. Thank you all for reading my post and I will see you guys in the next one.