What’s trending in trading: Stake takes us through the October update

Stock market investing

If you’ve been following the financial news on THE F, then you’d know this very month is the month Stake Australia begins to take in those of us on the wait list!

The wait list is for the new platform they’re launching, offering the opportunity to invest in the Australian Stock Exchange (ASX) on-the-go from your mobile with $0 brokerage for the first 10,000 customers until 2022.

Sign up to Stake now using this VIP code!

Ahead of the platform going live and as the first instalment of a monthly ‘what’s trending in trading’ series for THE F readers, we got the insight from the Markets team to update our list of investments to watch for October!

*Not financial advice. The value of money you invest in the stock market can go up and down and you may get back less than you invested.

Top 5 most traded stocks

  1. Tesla (TSLA)
  2. Apple (AAPL)
  3. Microsoft (MSFT)
  4. Palantir (PLTR)
  5. Nvidia (NVDA)

Top 5 hottest stocks

  1. Lucid Group (LCID)
  2. ProShares 1.5x Long Volatility (UVXY)
  3. Direxion 3x Bull Semiconductor ETF (SOXL)
  4. Upstart  (UPST)
  5. 3x Inverse FANG+ ETF (FNGD)

The stock market’s getting choppy

The S&P500 just returned its worst month of the year. Down almost 5% for September, your portfolio may have given up some of the gains the market has generously delivered so far in 2021. One of the benefits of investing in the US markets through Stake is the ability to make the most of volatile or falling markets. A range of ETFs exist to ensure investors are able to make a gain regardless of market conditions.  

. Inverse ETFs like $SQQQ move up when the market moves down. $FNGD provides inverse exposure to the big tech stocks like Tesla and the FANGs was one of the hottest on the platform towards the end of the month.

Similarly, The VIX measures volatility or “market fear”. It rises with uncertainty and falls during calm market periods. Securities like VXX and UVXY give investors exposure to the VIX index. $UVXY is consistently in Stake’s top 20 whenever volatility enters the market. That trend continued in September as the VIX rose to levels not seen since June. 

It’s worth noting, such options are typically traded by more experienced investors. The adage is, if you can’t explain how they work, they don’t belong in your portfolio. 

Be aware such products are recommended for more experienced investors. 


While Tesla (TSLA) and China’s Nio Inc (NIO) are understandably the most popular electric vehicle stocks on Stake, a third favourite may be emerging. Lucid Motors (LCID) has gained huge interest on Stake after recent testing found their EV to have greater range than a Tesla. Their Air Dream model car was able to travel 520miles on a single charge. That’s 100miles further than the longest Tesla range.

Buying the Ali Baba dip

Down 37% so far in 2021, Alibaba has been plagued by increased attention from Chinese authorities; something that has dragged all Chinese listed stocks down. At the start of September, it was one of Stake’s top 10 most traded stocks. As tensions ease investors are taking the chance to buy the dip. A buy-to-sell ratio of 4.7 suggests investors are buying and holding the eCommerce giant. The platform average is approximately 2 buys for every sell. 

By Alex Barratt