Week Three Wrap-Up: Global Paper Trading Challenge Overview
Spoiler: Stay tuned until the end for a chance to earn bonus points!
Hello mooers,
We're excited to bring you another update from our Global Paper Trading Challenge, especially during a week loaded with significant events like the U.S. elections and crucial earnings reports. (Tap here to revisit last week's wrap-up)
Positive Returns
It's been quite the roller coaster in the markets last week, hasn't it? With significant indices like the S&P 500 and Nasdaq experiencing downturns of -1.37% and -1.5% respectively, it’s impressive to see that many of you managed to stay ahead of these trends. More than a quarter of our challengers outperformed the Nasdaq!
This not only showcases your resilience but also your adeptness at adjusting to rapid market changes. Successful trading is not just about enjoying the ups but also effectively handling the downs, and last week was a prime example of a real-time learning opportunity. It prepared all our participants for similar fluctuations they might face in real trading scenarios.
*Images provided are not current and any securities are shown for illustrative purposes only and are not recommendations.
Most Traded Stocks
Last week, $Trump Media & Technology (DJT.US)$ emerged as the most traded stock in our challenge, closely followed by $NVIDIA (NVDA.US)$ and $Tesla (TSLA.US)$ , which continue to dominate trading activities.
*Images provided are not current and any securities are shown for illustrative purposes only and are not recommendations.
Investor Education
Our Boostcamp remains popular, particularly among users from Malaysia, Australia, and Singapore, showing continued enthusiasm for learning and improving trading skills.
*Images provided are not current and any securities are shown for illustrative purposes only and are not recommendations.
Transition from Paper to Real Trading
As you evolve through the Global Paper Trading Challenge, gaining valuable insights and honing your trading strategies, some of you might feel ready to leap into real trading. This is a significant step, offering new challenges and opportunities for growth.
For a glimpse into how others have transitioned and their experiences, check out the profits and losses shared by fellow mooers from last month in our October P/L Challenge: October P/L Challenge: Trick or Trade Your Secret Ingredient. This could give you a better understanding of what to expect and how to potentially adjust your strategies in live markets.
Additional Insights on This Week’s Markets
Election Impact on Markets: With the U.S. election results unfolding, the stock market has been highly volatile. Join our discussion here Countdown to the election! How will you strategize in the final stretch? to see how our community is reacting and tune in for live updates on election impacts.
FOMC Meeting Insight: Watch for the Federal Reserve's interest rate decision on November 6, expected to be a 25 basis point cut. This event could sway market directions significantly, making it a critical factor to consider in your paper trading strategies this week. November FOMC Approaching: Is a 25bp cut a done deal?
Key Earnings Reports This Week: If you hold or are considering positions in Palantir or SMCI, check out the discussions on their potential impacts on your portfolio in these threads:
This Week’s Discussion Prompt
With last week marked by downward trends, what strategies did you employ, and what are your thoughts on this week's market direction? Do you see any potential breakout stocks?
We invite you to share your strategies in the comments below. We will select the ten most insightful contributions to win 99 points! Your insights not only help you reflect but also assist fellow traders in their journey.
We're thrilled by the enthusiastic participation and impressive results. Let's keep up the fantastic work as we head into another thrilling week of trading!
Disclaimer: This presentation is for information and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. See this link for more information.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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CNNT : Since the contest is coming to an end soon, my strategy is to set up a good and achievable sell price for all the holdings to capture the upside.
Wee the Pig : Pump and dumps. Too bad most of these are not available to trade with real money.
Raymond L522 :
Formless 懒人觉醒 : The most concerning issue will be whether Donald Trump wins or loses, as it may not be significant. The market is likely to remain volatile. I will long for VIXY for a couple of weeks.
Nnuge : I know that i will suffer losses. However, the mitigation of the losses is the key. I try to pick one stock that starts rising early in the day and hope to ride the winner all the way to the bell. I've forgotten to sell a couple of times, and that bit me (Stantec). Just remember that presale can drive the price both up and down. stay on top of your trades and use the technical tools to increase your profits and risk awareness. this is a small snapshot of my positions earlier in the competition, and 1 good buy can be all it takes to get up to the top.
Meme_Short_Queen : load up MSCI and waiting to go to the moon
Green7plus : Pay attention!
102362254 : With last week’s dip, I stayed steady, viewing it as a setup for some strategic plays in trending stocks. This week, I'm watching for meme stocks and election-related stocks to gain traction as retail excitement often picks up around these. Riding the wave could bring some fast returns. I spot potential breakout moves if momentum aligns with broader market sentiment
103664593 : All in China
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