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Trevor Justice Male ID: 70833268
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    $Bitcoin(BTC.CC)$ $Ethereum(ETH.CC)$ $Dogecoin(DOGE.CC)$ $Binance Coin(BNB.CC)$ Cryptocurrencies were peerless conduits of greed and fear in 2021, alternately minting and wiping out fortunes as they swung wildly while adding some $1.5 trillion in overall market value along the way.
    Bitcoin, up more than 60% this year, absorbed much of the attention but had to share more of the limelight with the likes of Ether and Binance Coin as well as meme tokens such as Dogecoin and Shiba Inu.
    In fact, Bitcoin’s share of the crypto market shrank dramatically over 2021 as other tokens rocketed, a sign of how investor interest in digital assets broadened out despite — or perhaps because of — enormous volatility.
    The decline in Bitcoin’s dominance will likely continue next year “given the explosion of assets in the crypto space and the various use cases,” said Vijay Ayyar, head of Asia Pacific with crypto exchange Luno in Singapore.
    The overall market value of cryptocurrencies climbed by about $1.5 trillion in 2021 to some $2.3 trillion as of Dec. 17, according to tracker CoinGecko, which counts almost 12,000 tokens.
    Bitcoin, the world’s largest cryptocurrency, began the year with a 70% share of the market. That has fallen to less than 40%, in part as Ether’s popularity increased. But money has flowed into other tokens too, and for some that trend could be a sign of potentially destabilizing speculative froth.
    Crypto Barrels Toward 2022 After Adding $1.5 Trillion in Value
    First and foremost, I would like to thank to the 50+ supporters and participants who have voted for an example , and because of your loves and likes, we shall go through an example in today's discussion.
    So here we go!
    Step 1. Identify the number of stocks that we are willingly to trade.
    We will select 8 as the number of stocks that we are willing to trade.
    Step 2. Identify the list of favourite stocks that we can afford to trade with.
    We will select $Apple(AAPL.US)$ , $Bank of America(BAC.US)$ , $Coca-Cola(KO.US)$ and  $Moody's(MCO.US)$ as our favorite stocks. The price is 179.45, 44.52, 56.28 and 397.75 as of 10 Dec 2021 in USD.
    This is 50% of the total number of stocks we have selected in Step 1.
    Step 3. Identify the budget that we going to spend on our portfolio.
    We will be investing USD $12,000 on our SI portfolio.
    Step 4. Look thru the SI we are familiar with in the SI feature.
    We have found the following SI that we are familiar with.
    Berkshire Hathaway Inc.
    Soros Capital Management LLC.
    Dimensional Fund Advisors L.P.
    Temasek Holdings (Private) Limited.
    Also, in the Berkshire Hathaway Inc. top 8 holdings list, it has all the favourite stocks that we want.
    $Apple(AAPL.US)$ *, 179.45, 46.77%
    $Bank of America(BAC.US)$ *, 44.52, 13.21%
    $American Express(AXP.US)$ , 167.03, 7.44%
    $Coca-Cola(KO.US)$ *, 56.28, 6.61%
    $The Kraft Heinz(KHC.US)$ , 34.15, 3.27%
    $Moody's(MCO.US)$ *, 397.75, 2.88%
    $BYD COMPANY(01211.HK)$ , 289.8, 2.45%
    $Verizon(VZ.US)$ , 50.19, 2.34%
    Total: 84.97% of SI portfolio
    Cost: 1219.17
    * favourite stocks as in step 2, and the first number is the stock price as of 10 Dec 2021 while the second number represent the stock weightage in the portfolio.
    Thus, we shall select Berkshire Hathaway Inc portfolio to be cloned.
    Step 5. Check if SI have at least 8 consecutive years of quarterly 13F filings.
    Berkshire Hathaway Inc. (Yes )
    Soros Capital Management LLC. (No)
    Dimensional Fund Advisors L.P. (Yes )
    Temasek Holdings (Private) Limited. (Yes )
    Step 6. Look out for any restatements (for both buys and sells) issued by SI.
    A quick check shows that there is no restatement for the past 5 years from Berkshire Hathaway Inc.
    Step 7. Using our magic formula.
    Using the magic formula:
    [ (Stock weightage in SI portfolio / Total weightage of trimmed SI portfolio) x our budget (Step 3) ] / current Stock price. Each result will be round down to the nearest integer.
    We will buy the following number of stocks
    $Apple(AAPL.US)$ , 36 stocks
    $Bank of America(BAC.US)$ , 41 stocks
    $American Express(AXP.US)$ , 6 stocks
    $Coca-Cola(KO.US)$ , 16 stocks
    $The Kraft Heinz(KHC.US)$ , 13 stocks
    $Moody's(MCO.US)$ , 1 stocks
    $BYD COMPANY(01211.HK)$ , 1 stocks
    $Verizon(VZ.US)$ , 6 stocks
    Step 8. Begin our cloning via trading.
    Now, we shall place our trades in the $Futu Holdings Ltd(FUTU.US)$ MooMoo apps to clone the SI portfolio and turn it to become our SI portfolio.
    $Apple(AAPL.US)$ , 36 stocks @ USD 179.45
    $Bank of America(BAC.US)$ , 41 stocks @ USD 44.52
    $American Express(AXP.US)$ , 6 stocks @ USD 167.03
    $Coca-Cola(KO.US)$ , 16 stocks @ USD 56.28
    $The Kraft Heinz(KHC.US)$ , 13 stocks @ USD 34.15
    $Moody's(MCO.US)$ , 1 stocks @ USD 397.75
    $BYD COMPANY(01211.HK)$ , 1 stocks @ USD 289.8
    $Verizon(VZ.US)$ , 6 stocks @ USD 50.19
    That's all for the example. Please give a like to show your support, and do vote if you will be cloning any SI portfolio in the next 3 months.
    6
    Last "quadruple witching" day of 2021 in the U.S. market is coming ahead. It's expected to be the largest one in volume of this year, which has rattled many investors and traders.
    The quadruple witching hour is the last hour of the trading session on the quadruple witching day when options and futures on indexes and equities expire, Friday.
    What is quadruple witching?
    Quadruple witching refers to four days when four different financial asset contracts expire in a calendar year.
    The days are the third Friday of March, June, September and December. The assets on which the contracts expire on that day are stock options, single stock futures, stock index futures and stock index options. Options contracts also expire monthly. Futures contracts expire quarterly.
    Why it matters
    Because all four types of contracts expire on the same day, the quadruple witching day usually sees a heavier volume of trading, which will cause market chaos.
    Part of the reason for the increase in market transaction volume is the automatic offsetting transactions. Volume on quadruple witching days has increased roughly two-thirds of the time since 2005.
    Put it simply, on the negative side, history suggests that returns haven’t improved significantly. Volatility may bring gains or huge losses.
    The positive impact on the market that day is that arbitrage trading brings profit opportunities. Active trading, that is, an increase in trading volume, may cause the market to rise.
    The $S&P 500 Index(.SPX.US)$ dropped 0.06%, 1.31%, and 0.91% on Mar 19, June 18, and Sep 17respectively according to historical data of other three quadruple witching days this year.
    How to Invest during quadruple witching day? To learn more about stock options and how to hedge the position through options, you might like this course:
    Snapshot of the benefits and risks of options trading:
    For more investment knowledge and trends, welcome to Courses in the Community.
    $Dow Jones Industrial Average(.DJI.US)$ $Nasdaq Composite Index(.IXIC.US)$
    Quadruple witching day is coming. Will it be a wild Friday ahead?
    Quadruple witching day is coming. Will it be a wild Friday ahead?
    Quadruple witching day is coming. Will it be a wild Friday ahead?
    This Morning
    At the time of writing, Bitcoin was up by 0.14% to $48,968. A mixed start to the day saw Bitcoin fall to an early morning low $48,786 before rising to a high $48,985.
    Bitcoin left the major support and resistance levels untested early on.
    $Bitcoin(BTC.CC)$
    Elsewhere, it was a bullish start to the day.
    At the time of writing, Crypto.com Coin was up by 7.84% to lead the way.
    For the Bitcoin Day Ahead
    Bitcoin would need to avoid the $48,340 pivot to bring the first major resistance level at $50,081 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Wednesday’s high $49,520.
    Barring an extended crypto rally, the first major resistance level would likely cap the upside. In the event of an extended rally, Bitcoin could test resistance at the 23.6% FIB of $53,628 before any pullback. The second major resistance level sits at $51,260.
    A fall through the $48,340 pivot would bring the first major support level at $47,161 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$46,000 levels. The second major support level sits at $45,420.
    Part of the content is taken from Yahoo.
    Bitcoin (BTC) Bulls Target $53,000 Levels as Risk Appetite Returns
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    $Ethereum(ETH.CC)$ if this falls down through 3920’s this could see 1-2k area again 🧐🥺🤯 supports in that range
    A quick question :
    What content would you like to see in moomoo community?
    (I mean this one here) 
    If you have other thoughts, please comment down below and tell us about them.
    Let's make moomoo a better community together! 
    Daily Poll: What would you like to see in moomoo community?
    Daily Poll: What would you like to see in moomoo community?
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    Trevor Justice commented on
    $General Motors(GM.US)$ plans to begin delivering a roughly $113,000 special “Edition 1” version of the vehicle by mid-December.
    President Joe Biden also made several supportive comments promoting the vehicle during a speech at the facility, including calling it “one hell of a vehicle.”
    Another powerful player, $Tesla(TSLA.US)$ unveiled it's "Cybertruck" almost two years ago to the day. The electric pickup truck was supposed to be in production already, but the automaker delayed the program as it focused on growing Model Y production.
    Fans are still very excited since it looks like a vehicle from the future.
    The last one is the youngest rising star $Rivian Automotive(RIVN.US)$ . It started production of its R1T electric pickup truck on Sep.14. Tried to make Rivian the first to bring an electric pickup to the market, ahead of Tesla, General Motors and others. However, their product quality is now under doubt since the battery problem.
    So which one would be your choice? Would you tell me about your reason?
    Source:
    Biden’s test drive of electric Hummer helped increase reservations, GM says
    Daily Poll: Pickup truck arena, vote for your favorite.
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