Paper Trading Recap: How I placed 13th!
Here is how I got 13th place in Moomoo Papertrading Competition and achieved close to 40% returns.
I noticed thay the fed was going for a rate cut, meaning that some capital from the money markets should flood into the securities market.
As $Bitcoin (BTC.CC)$ was trading fairly low, i was sure that it was going to at least 65,000 post rate cut.
In order to take advantage of the parity I chose to place most of my portfolio into $MicroStrategy (MSTR.US)$ and $Defiance Daily Target 2X Long MSTR ETF (MSTX.US)$ .
That leverage allowed me to take full advantage of the price swings. Note: take care when trading leveraged products.
Thanks and shoutouts to Moomoo for the fun competition!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Moomoo AU : Congrats Nexen! Thanks for your insightful sharing!![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
三和巴菲特 : Papertrade doesn't require responsibility for money, and the psychological aspect is completely different from dealing with real silver and gold. Even if you blindly go all in, there are always a few lucky ones who can last till the end, which doesn't prove anything.
Nexen OP 三和巴菲特 : I know. That’s why I put the note up that you shouldn’t be careless when trading with real money (especially leveraged). This was just for a competition.