Jason Fung's Profile Page - moomoo Community

Jason Fung Male

ID: 72869043

I am mostly a S&P 500 ETF investor. I don't try to beat the market. Getting market return is good enough for me.

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Dadacai

Love to share useful tips

wrote a post ·Jan 23 08:22

Happy Chinese New Year

Kung Hei Fat Choi (恭喜發財) to everyone!! Wish you all good health and prosperity in the year of the snake!! 🐍🧧💰

Jason Fung

wrote a post ·Dec 25, 2024 02:45

Beautiful Christmas Tree at Toronto Eaton Centre

Spotted this beautiful and splendid Christmas tree at Toronto Eaton Centre when I was shopping there a couple weeks ago. If you happen to be visiting downtown Toronto this month, it’s worth to check it out. There is also a light show at the top of every hour that you get to enjoy, with the Christmas tree as the backdrop. Happy holiday to everyone!!

Jason Fung

wrote a post ·Nov 28, 2024 00:22

My Black Friday's Shopping List + Stock Tips

Shopping list:
- iPhone 16 Pro Max + phone case
- 50 inch 4K TV + TV stand
- Book shelf
- Curtain
- Bathroom fan
None of these items is eligible for the holiday tax break. So I will probably just make the purchase during Black Friday.
Stock tips:
I don't usually pick individual stock because I am a index fund investor. But if I were to pick one stock for this holiday season, I would pick $Aritzia Inc (ATZ.CA)$ because it has a strong brand and is very ...

Jason Fung

wrote a post ·Nov 12, 2024 21:29

Amazon is my go-to online retailer

$Amazon (AMZN.US)$ is my default shopping destination for products that don't have different sizings. It sells a wide variety of products and its delivery is very quick in addition to its competitive pricing. Although it does not always has the lowest price as it used to be in its early years, it is definitely the path of least resistance when it comes to shopping.

Jason Fung

wrote a post ·Nov 4, 2024 05:41

Fall season in Toronto

Took these pictures near my place. It's getting chilly out there but still quite beautiful to see the change in colour of maple leafs.

Jason Fung

wrote a post ·Mar 19, 2024 08:42

My paper trading thread

Thank you to moomoo for organizing another paper trading competition!! I will be posting my weekly updates here. This time I will be using a buy and hold strategy since I have had more success with it in the past. Hopefully everyone is able to win some cash rewards and get better at trading. Wish you all best of luck and happy trading!!

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.

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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.

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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!!

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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!!

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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.

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Jason Fung

wrote a post ·Feb 29, 2024 04:33

My paper trading thread

Thank you for hosting this paper trading competition, Moomoo!! Wish everyone best of luck!! I am new to this trading app and so far really like the vibe of this community and the availability of level 2 data. I will try my best to update my progress in this thread.
Our goal is to score some cash rewards. To get the maximum cash reward (i.e. $100), we need to get +20% return in around 2 weeks time. This is quite a difficult task and we definitely need luck to be on our sid...

Jason Fung OP : Day 1 update: I bought 267 units of $Salesforce (CRM.US)$ before market closed today. Hoping for a strong earning report and guidance for 2024. CRM did beat earnings in their last quarter and even announced their first ever dividend. But unfortunately they gave a relatively weak guidance for the new year. Stock is down around 4% in after hours trading. I will see how it goes when the market opens tomorrow.
P.S. 1: When I was placing my trade earlier, I realized I can't use my entire cash balance ($200,000) onto a single stock. I can only buy up to USD $80,000 worth of a stock. This is something to keep in mind if you were not aware. I suppose this is to prevent people from going all-in on a single stock and then got lucky.
P.S. 2: Added a screenshot of my today's P/L at market close.

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Jason Fung OP : Day 2 update: Sold my $Salesforce (CRM.US)$ stock when the market opened today. I posted a screenshot of my today's P/L. Despite the stock being down in early hours trading, it reversed its course swiftly when the market opened and stayed in the positive. So I quickly exited my position and made a small profit. I just didn't feel confident holding it because I was concerned the stock may continuously face downward pressure in the coming days due to its weak guidance for the year.
I will stay on the sideline for now. I am thinking of starting a position with $Gitlab (GTLB.US)$ since its earning report is coming up on March 4, Monday. I have a good feeling that its Q4 earning would beat the analysts' expectation since it's a large tech company that sells a leading product in the DevOps space. I also thought about starting a position with $FuboTV (FUBO.US)$ and $Invesco Galaxy Bitcoin ETF (BTCO.US)$ but find them too risky. I am open for new ideas. Hope the community can share some of their thoughts as well and we can all learn from one another.

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Jason Fung OP : Day 3 update part 1: I was researching what stocks to buy last night and came across $Snowflake (SNOW.US)$. It announced its earning two days ago. The earning was solid in last quarter for a SaaS company but guidance is weak for 2024. But the thing that caught Wall Street by surprise the most is the unexpected retirement of the current CEO, Frank Slootman. Slootman is a veteran CEO with a proven track record of growing enterprise software companies at an accelerated pace. This is bad news in the eyes of Wall Street because as many of us know, wall street does not like surprises. The stock went down by 20 percent yesterday as a result.
I think Snowflake was oversold. Yes, this stock has a very high valuation but that has always been the case since its IPO. It is the market leader in providing cloud data warehousing solutions and its fundamentals and technology advantage have not changed much. So I started a position this morning and was hoping for a bounceback by end of day and exit for a quick profit. Unfortunately this plan didn't pan out. I am currently down 2% and that has pretty much wiped out all of my gains since day 1. Ouch...
I have not given up $Snowflake (SNOW.US)$ just yet. I hope next week the market sentiment would improve and I can exit my position with a small profit. Let's see how it goes.

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Jason Fung OP : Day 3 update part 2: Another stock that I bought was $Apple (AAPL.US)$. I notice there has been a lot of resistance at the $180 mark. I thought it would be a good idea to deploy my capitals when this stock dips below $180. I don't like to be holding too much cash since this paper trading competition only lasts for 2 weeks. The buy and hold strategy probably won't work since time is not on my side. I felt like I need to take more risk but I am afraid of losing money. Hence I bought a blue chip stock like Apple so I can say to myself that I am investing in something. I am currently down very slightly (Less than 0.1%) on this stock. I am not concerned since this is apple, which is one of the most valuable tech company in the world.
That's pretty much all that I want to share in this update. It's been fun paper trading and learning about various companies and how to evaluate them. Wish you all a great weekend!! See you guys back on Monday.

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Jason Fung OP : Day 4 update: I didn't have much time to keep an eye on the market as work was keeping me very busy today. When I first checked the market this morning, I got a feeling that today may be a bad day because a lot of tech stocks were down. When I checked again after market had closed, it turned out that my pessimistic prediction was correct and my two main holdings, $Apple (AAPL.US)$ and $Snowflake (SNOW.US)$ went down further than last Friday. I have to admit: things have not been going well for me in this paper trading competition since my first two days of success.
Anyway I had a chance to buy some $Gitlab (GTLB.US)$ stock during my break at work. I was hopeful that this stock would go up when it announces its earning at market close today. Unfortunately the guidance for 2024 is rather weak. It's a similar situation to my previous stock, $Salesforce (CRM.US)$ where they beat EPS for last quarter but gave a weak outlook for 2024. Currently Gitlab is down by more than 20% in after-hours trading. I hope it can trim some of its loss when market opens tomorrow. We will see. But this stock will most likely be a loss for me and I can't see it going back up to $74 anytime soon.

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