Success in Trading: A Deep Dive into My Strategy and Recent Wins | How I Make 45% return in 2.5 months |
Hello, everyone! I’m Nigel Chong, a stock trader from Malaysia. Alongside trading, I also run a stock trading education business.
I’ve been active in both the Malaysian and US markets for the past seven years and have been building a fortune through diligent trading. My approach draws heavily on Mark Minervini’s Volatility Contraction Patterns (VCP) and William O’Neil’s CANSLIM model.
Since the launch of moomoo in Malaysia about two and a half months ago, I’ve transitioned to trading Malaysian stocks on the moomoo MY platform. In this brief period, I’m thrilled to share that I’ve achieved a 45.3% return , with closing around 37% return😇😇😇🙏🙏🙏
One significant contributor to this success is Notion-WD, a recently listed company warrant. You might wonder why I chose Notion-WD. The decision was based on its parent company, Notion Vtec, which offers a leveraging effect, crucial for the warrant’s appeal.
Here’s a direct quote from Notion Vtec’s latest quarterly report from 20th May 2024:
“Demand for large capacity HDDs mainly for cloud and enterprise computing and increasingly for Artificial Intelligence (AI) machine learning, data storage has seen a resurgence of demand and orders as we serve that space diligently. We have established long-term relationships with these major HDD makers and the commitment for long-term supply is of paramount importance. We will grow in line with the industry growth pattern.”
Let us have a look on the chart of Notion Vtec:
Technical Analysis:
Post-Q4 2023 earnings, Notion-WD’s stock price surged by 44% in a day, spotlighting the stock in the market. It then moved sideways, forming a cup and handle pattern—a bullish signal. Despite a breakout from the previous high, it initially didn’t sustain due to the price fixing of the company warrant (Notion-WD).
Fundamental Analysis:
Notion Vtec demonstrated remarkable growth: Q4 2023 showed a 122% QoQ and 319% YoY increase. The following quarter, Q1 2024, continued this trend with a 74.9% QoQ and 280% YoY growth. The booming demand in AI, cloud, and enterprise computing suggests a bright future for HDD players.
My Trading Decision:
For Notion-WD, my trading choices were primarily guided by technical analysis, with fundamental insights providing additional support. I sold off my positions in two phases, securing profits of 91% and 114%, respectively. While the stock continued to climb after my exit, I am not overly concerned. I understand that an extended price rise often leads to a healthy retracement, and I remain vigilant for new opportunities to re-enter if trends align.
Philosophy and Looking Ahead:
My goal is not to chase the highest possible return in a single trade but to steadily compound my gains in the market. Reflecting on this, I’m more than satisfied with securing returns that quintuple my usual gains. 😇😇😇🙏🙏🙏
Stay tuned as I aim for triple-digit returns this year and continue to share insights and strategies!
IF YOU LIKE THIS POST,
Follow my journey to significant market gains!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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FB: Nigel Chong 庄证评 🌟
Influenced by MM VCP Trading Style & WON CANSLIM 💯
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ocean66 : Is this still good to buy ?
超脫的亚烈士 : How do I enroll in your stock study course?
ocean66 : @Nigel Chong 庄证评 kindly advise
104302907 : How to enroll.
Nigel Chong 庄证评 OP ocean66 : hi. This is meant to be an educational sharing, there is no buy and sell recommendation.
Before you trade any shares, please understand your objective of your investment, and what is your risk management when things go south.
We are not allowed to give any investment advices , purely sharing my experiences
Master Corgi : Welcome to Moomoo it’s the best platform among all so far.
Nigel Chong 庄证评 OP Master Corgi : Thank you!
Totoro25 : Do you prefer US or MY market ?
Nigel Chong 庄证评 OP Totoro25 : Both
Since both markets can make me money
Each market has its pros and cons
103484077 : Please tell me how the monthly return on investment data from the picture can be retrieved% instead of the amount