Hello
I am Henry Heng, currently based in Penang, Malaysia. I was first exposed to the Malaysia equity and derivative market in 2001.
The main purposes for me to share this Uptrend Mindset are to :
1) Share why MOST stock investors are not making profits in the stock market consistently, by listing the Common Mistakes made and areas to be avoided.
2) Show how profits are made in an Uptrend market, the techniques to add to winning positions and be the best to spot a change from Uptrend to Downtrend.
My Story
In 2001, I joined Hwang-DBS in Penang as a Futures Broker Representative (FBR) with exposure in Crude Palm Oil (CPO) and KLCI Index futures and options trading. Thereafter, I move on and take up roles as a financial analyst, senior financial analyst, senior business analyst and business manager. During this period of time, apart from Penang, I spent 4 years in Singapore and about 2 years in Kuala Lumpur.
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In 2021, I become a full time stock trader with accumulated stock trading time exceeding 9,000 hours.
From 2020 until today, we have seen stock market volatility across the world including Malaysia. In 2020, there was a gloves rally, followed by Technology / Industrial sector Uptrend. In Feb 2022, when the war between Ukraine and Russia erupted, it sparks global commodities rally ranging from crude oil to wheat, gold, nickel, aluminium. all the way to Palm Oil. Malaysia palm oil counters like KLK, UtdPlt, SDG, IOICorp, Taann experienced an Uptrend for about 4 months.
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In Jul 2023, the Property sector picks up its pace and rally for more than 12 months. Notable property stocks include SPSetia, EcoWld, IOIPG. In late 2023, AI related stocks like YTL, YTLPowr, SimeProp, MahSing were having strong Uptrend for more than 9 months.
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However, despite various Uptrends taking place for the past 5 years, NOT many retail investors are fully capitalizing on these Uptrends and make a fortune out of it. The main reasons are due to common mistakes being made and lack of winning mindset to profit more and lose less.
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Hence, it's time for me to guide fellow Malaysian in order to avoid unnecessary time, effort and money being wasted clinging on the wrong mindset.