ToTheMoonLAA wrote a post · Feb 20, 2024 22:47

Top 10 Ranking with 3 Trades

Hi Mooers! Just want to share my journey of participating in the MY stock competition organised by Moomoo.

Based on the stats from the ranking, i believe im the only participant in the top 10 ranking with less than 5 trades since beginning of the competition.

So what’s the strategy that i used? Especially as a working adult that cannot monitor market all the time

Always buy uptrend stock. Uptrend stock is less subject to continuous downward trend due to its bullish nature. For instance, after $REDTONE (0032.MY)$ breakout from its previous high resistance of RM0.815, it continued the rally in light of the bullish momentum. At the same period, one of the top analyst in IBs issued a non rated fair value call of RM1.28 for REDTONE on the first day of Paper Trading Competition. The next day, REDTONE announced a RM400 million contract.

$REDTONE (0032.MY)$

If you realised, an uptrend stocks tend to have alot of positive stories and research coverage due to its upcoming potential. On the other hand, a downtrend stocks have more bad news and lack of research coverage due to its unpromising prospects.

Love to have more sharings in future if manage to achieve another milestone in ranking. Happy to be the winner of week 2 leadership board