Over 60% of mooers profited in the first week of Global Paper Trading Challenge! Are you in?

Moomoo AU joined discussion · Oct 22, 2024 16:04

Hey mooers!

Welcome to our inaugural Global Paper Trading Challenge! In just one week, over 70,000 mooers worldwide joined the challenge, and over 60% of them got positive returns and shared $20,000 cash rewards.

How did Aussie investors perform in the challenge?

Well done, Aussie mooers! The positive returns of Australia was ranking second among regions, with 67.8%, which reflects the outstanding results of Australian investors learning and practicing investment strategies.

Over 60% of mooers profited in the first week of Global Paper Trading Challenge! Are you in?

And congratulations to the Top10 Mooers who have excelled and claimed their spots at the top of the leaderboard of Australia with their incredible performances!

@Coolcatsuper @Tough Gull @152207757 @151697042 @152465019 @Alyssa776 @151726519 @151096089 @151729096 @152254897

*Data as of 11:59 PM EDT, Oct 20, 2024

*Tap here to review the reward rules.

Don't you know how to find an opportunity?

1. Can Tesla's Q3 Earnings Help Bounce Back From Robotaxi Launch?

$Tesla (TSLA.US)$ is set to report its third-quarter earnings on October 23rd, and after a rocky few weeks, all eyes are on the company. The EV giant recently held a highly anticipated robotaxi event, but the market response was underwhelming.

Investors were left with more questions than answers, and Tesla's stock took a hit, falling around 9% after the event. With its upcoming earnings report, Tesla has a chance to refocus attention on its fundamentals.

2. Nuclear Stocks Soar as Tech Giants Invest in Nuclear Power to Fuel AI Ambitions

Last week, nuclear energy company shares soared to record highs after $Amazon (AMZN.US)$ and $Alphabet-A (GOOGL.US)$ separately reached landmark power supply agreements with nuclear energy firms. The deployment of the first small modular reactors (SMRs) in the US is accelerating.

Over the past five days, $Oklo Inc (OKLO.US)$ has surged 122%, while $NANO Nuclear Energy (NNE.US)$ and $NuScale Power (SMR.US)$ have risen 55.54% and 36% respectively. Professionals analyze that large companies have started opting for nuclear power, and market rules are about to change.

3. Gold prices hit new highs again

On October 22, gold prices broke through the $2735/ounce mark, reaching a new high with an intraday increase of nearly 0.6%, up over 30% since the beginning of the year. The demand for safe-haven assets has significantly increased due to uncertainties caused by the Federal Reserve's monetary policy, the U.S. elections, and tensions in the Middle East. Delegates to the London Bullion Market Association's annual gathering predicted gold prices would rise to $2,941 over the next 12 months.

Learn more investment strategies from the winners

@上海白砂糖: The champion of AU Papertrading Competition Season 3

Trading as a mirror, reflecting yourself

My understanding of risk management is position management. After considering the probability of winning, odds, and efficiency, I will appropriately increase my position if it's a quality opportunity. Bear markets naturally form with the cooperation of various macro factors and human nature. Investing in bear and volatile markets is about finding alpha opportunities without beta support. My personal experience is that this type of investment is highly challenging, often like pulling chestnuts from the fire. Therefore, in a bear market, I try to minimize operations; if I must trade, I use a very small portion of my capital.

@Persona888: The champion of US Papertrading Competition Season 3

Be friends with the market volatility

Market volatility is only good if you know how to be friends with it. When it comes to market volatility, if you have cash that you are ready to deploy into the market at the right time, then you can find assets at very reasonable prices when it comes to the door.

For example, the competition started at the Sep which is right after the market correction in Aug, so volatilities then to be staying higher. Therefore I can choose to follow the market leaders such as $NVIDIA (NVDA.US)$ which had a big drop in Aug.

Join the Global Paper Trading Challenge and win cash rewards now

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.

Here are the guides for you to win the rewards:
Learn and Win: Tips to secure your share of the $200,000 Grand Rewards!
Share your trading activities and strategies in the moo community to earn extra points!