Moomoo US wrote a post · Feb 11 11:22

Check in on our Option Paper Trading Challenge's top performers - Week Four & Final Rank

Hey, US mooers!

The Options Paper Trading Challenge has come to an end, and we're thrilled to have around 17,000 participants over the past 4 weeks!

Check in on our Option Paper Trading Challenge's top performers - Week Four & Final Rank

Last week, more than 564 participants achieved virtual gains exceeding 5%, with $Advanced Micro Devices (AMD.US)$ being the most actively traded option during the earnings season.

Over 730 participants attained virtual gains exceeding 5% throughout the four-week challenge, and a total of 2554 participants achieved positive virtual returns. The most frequently traded option during this period was $NVIDIA (NVDA.US)$.

Any app images provided are not current and any securities shown are for illustrative purposes only and is not a recommendation.

Spotlight on Last Week's Top Participants

Last week's top three participants with the highest weekly virtual returns are @Samuel Heard, @8baller, and @GetRich911.

@Samuel Heard

@8baller

@GetRich911

Winners of Grand Prizes

The competition was fierce, but three participants rose above the rest with their outstanding virtual performance throughout the entire challenge. Below are the grand prize winners, highlighted with their trophies and a brief overview of their trading performance:

🏆 1st Place: @Ky Carter Grand Prize: MacBook Pro 💻

🏆 2nd Place: @AIR Grand Prize: iPhone 16 Pro 📱

🏆 3rd Place: @Chef_Soda Grand Prize: Apple Watch Series 10 ⌚

Mooers' Learning Insights

@Juliocesar403

My journey🚙 started at the end of 2007. Learning how to trade while the economy was failing due to "The Real Estate Crisis" was somewhat easy but hard in the long run. Easy on the part that in 2008 the market had crashed so it became a buying market... Read more>>

@Jason JB Simonne

My trading journey is built on precision, discipline, and a deep understanding of market structure. Over time, I’ve refined my strategy, combining volume profile, multi-timeframe confirmations, Chanelle Boulanger’s 200 support/resistance confirmation, fair value gaps (FVG), price volatility, and liquidity analysis. Read more>>

@桑尼

My trading strategy includes holding long-term call options on certain popular stocks, as well as using short-term strategies to manage market volatility. Read more>>

@Daniel Kim267

One of the most popular strategies is called the "Covered Call." It’s pretty straightforward. Read more>>

@Xander Lemcke

Trading options on Moomoo has been a transformative journey, emphasizing the importance of strategy and risk management. Initially, the complexities of options trading seemed daunting, but Moomoo’s tutorials and webinars simplified the learning process, making it accessible and manageable. Read more>>

@Anthony Rodgers

As a trader, my day starts with pre-market preparation:

Pre-Market Analysis: I review overnight news, global market trends, and key economic reports to anticipate the day’s sentiment. I use moomoo’s real-time market data to monitor pre-market activity and identify potential gaps or breakouts. Read more>>

@BelleWeather

While I think many aspects of options are important, grasping the impacts of Days to Expiry, volatility, delta and moneyness are key. A fairly robust risk:reward estimation can be built from these alone, but gamma can be crucial as well. Read more>>

@FullOfBullIsh

A straddle profits when the underlying asset's price makes a substantial move in either direction. The call option profits if the price rises, while the put option profits if it falls. Read more>>

@Robin C Wood

The most striking realization was that options trading carries significantly higher risks than stocks. The leverage effect not only amplifies gains but also magnifies losses. Once, due to a wrong judgment, I lost a considerable portion of my capital in just a few days. This mix of excitement and fear made me both love and hate the options market. Read more>>

Challenge Continues!

💡 Find options complicated? Why not try moomoo Class about How to Paper Trade Options? Tap the banner to learn more 👇

Congratulations again to all our participants for their remarkable achievements and spirited participation in the Options Paper Trading Challenge. Your enthusiasm and strategic prowess have truly enlivened this competition.

As we close this chapter, we’re filled with gratitude for the vibrant community that has come together to share insights, strategies, and encouragement. We look forward to seeing how you all continue to trade, learn, and grow. Remember, the journey of trading is ongoing, and each trade is a step towards greater mastery.

Let’s keep the momentum going—happy trading, everyone!

Disclaimer:

Options trading entails significant risk and is not appropriate for all customers. It is important that investors read Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount. Supporting documentation for any claims, if applicable, will be furnished upon request.

Day trading generally isn't appropriate for someone of limited resources, limited investment or trading experience and low risk tolerance. A day trader should be prepared to lose all of the funds used for day trading. Before considering day trading, read and understand the Day-Trading Risk Disclosure Statement.

The Paper Trading feature in the moomoo app is for educational purposes, enabling simulated trading with virtual funds using live market data. Any orders, returns, costs, and other aspects within Paper Trading are simulated. Virtual performance does not ensure success in a live trading environment.

The returns presented are outsized and not common. They do not expound on the risk associated with achieving such gains. Strategies employed by participants in a short-term virtual challenge are often aggressive and with the primary goal of maximizing profit through leverage and exposure to extreme volatility. These strategies are not suited for most investors and are presented strictly as examples of virtual results.

All contents such as comments and links posted or shared by users of the community are the opinion of the respective authors only and do not reflect the opinions, views, or positions of Moomoo Financial Inc., Moomoo Technologies, any affiliates, or any employees of MFI, MTI or its affiliates. Please consult with a qualified financial professional for your personal financial planning and tax situations.

Moomoo may share or provide links to third-party content. Doing so is intended to provide additional perspective and should not be construed as an endorsement or recommendation of any chat room, channel, services, products, guidance, individuals, or points of view.

Please consider that users will have different risk profiles, financial understanding, financial objectives, investment time horizons and tolerance for potential losses and they should consider these factors when comparing performance, advice or recommendations from other users.

Cash rewards, redeemable solely through the moomoo app, represent potential credits for eligible equity purchases in a Moomoo Financial Inc. brokerage account and hold no other value. Additional terms & conditions apply.

Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more