[0:00]This trader turned $280 into nearly half a million dollars in six months, completing the ultimate small account challenge. His results were so impressive that he broke the United States Investing Championship records. He was literally removed from first place in the competition after achieving a return of investment of 178,000%. But all of his results are verified on Kinfo, and he's going to walk us through his live recordings to explain how he did it. And he won't stop there because he's exposing the US Investing Championship and its founder. Removing me is the easiest way for him to continue his business.
[0:42]Welcome to Undiscovered Traders, where we unveil the upcoming seven-figure traders. Today, we're actually with trader YC from Hong Kong, who has completed something extraordinary. A verified small account challenge starting with $280, yes, $280, and he's grown it into almost half a million, and that is in verified profits. YC also recently took part in the United States Investing Championship, where he turned an ROI of a trend account, he grew up by 1,967%. Uh, I'm going to let Trader YC talk us through a PowerPoint he's prepared, which is going to be full of his performance, his month-by-month growth, some tips and tricks, and an insight into the truth about the United States Investing Championship. But first of all, YC, how are you? Hi, Steven, thanks for having me today. How are you? I'm very good. So, look, I think everyone's going to be wanting to know your knowledge of how to grow a $280 account into half a million. You've, you've, you've, you've achieved the dream that a lot of people want to, to, to achieve. So, I'm going to let you just go into it. Start when you're ready. Okay. It's a pleasure to be here. So, uh, these are the topics that I'm going to talk about today. So, um, to start with my trading profit, I'm at seven figures all-time right now, and I have posted two small account challenge publicly. And the first was in 2020. I turned 1,000 to 50,000 in 2 months. And the second time is this year, I turned $280 to half a million in 5 months. So, I will share a bit of my story. Uh, back in university, I randomly came across day trading on the internet, and I thought the lifestyle was so cool. I started getting interested and watched a lot of YouTube videos about day trading. So, in the beginning, in 2017, I was just trying things out on and off by myself because I was still in school. And I was using my own saving, and I, and I actually lost around a total of 15,000, which was painful but part of the process at that time. After a lot of practice and adjusting, then I finally became stable and profitable in around 2018. So, back in the trading results, um, I'm at seven figures right now, but not everyone feels comfortable to share everything publicly. So, my small account challenge is what I usually choose to show that I'm profitable to the public. Um, in terms of my trading style, when I first started, I focus only in US stock, one-minute chart and long bias. And I use candlestick pattern, level two, hotkeys, and indicators. After I became more stable and understand the market better, I slowly add short setup and some longer holding trade into my trading style. And right now, around 60 to 70% of my trades are on the long side, and the rest are shorts. And it also depends on the market condition. For holding times, most of my longs are under 5 minutes on the short side, they are usually less than an hour. I also use very tight stop loss. I don't like holding losing trades. If a trade doesn't move in the direction I expect, I get out quickly. So, that's pretty much my trading style. How did you, how did you choose long or short or learn both? I actually start with uh long bias. So, most of my trades in the in my early years are long bias, and I only add in more short, uh maybe recent three to four years.
[4:43]And and what types of trades are you taking long is it kind of hot sector momentum? Yeah, for my long it's usually momentum, uh like breakout, and more high volume and high volatility stock. So, I'm usually doing a uh in a very short time frame. So, I'm using one-minute chart. Like whatever's got volume, whatever's hot. Is it generally more small cap than large cap? Yeah, usually small cap, because the volatility is uh lower, so usually the volatility is much higher. Beautiful. Uh and just one more question, how do you identify a good setup, a good long setup? Those will be based on my strategy and some of the candlestick pattern that's showing on the chart. And when I try to enter the trade, I will look at the level two. Perfect. Uh, we'll see some examples. I'll let you continue. Uh, so now I'm going to talk about my small account challenge. Uh, in May, I happened to open a trading account with a new broker. I only put in a small amount of money, like about 2,000 to test out the execution speed and the shortcut. So, during that period, when I was still trying things out, so I lose some money, and the account dropped to under 300. Then I suddenly have an idea. I decide to turn the remaining $280 into a new small account challenge. I want to prove myself again and also respond to the stereotype online that you need a lot of money to make a profit. But starting with only $280 is pretty tight. There is almost no room for the mistake, uh, at the beginning. So, but to speed it up, I use some leverage in the early stage, which also meant I could only trade set up that I am very confident about because one bad day can end the entire challenge. For the broker, I use a broker that doesn't have a PDT rules, and there's a six-time leverage. It is very common for day trader to use leverage.
[6:53]But I only use some of it when my account was still small. Some people say that leverage is very dangerous, but if you truly understand how to use it, it is just a tool to help you reach your goal faster. And as the account grows, I do not need to use it anymore because I don't need to be in a full-size position all the time. So, now I will show, uh, a short clip of the first day of the challenge. You can see that, uh, it's May 28, and it's around 7:00 AM. And this are the stock that I'm trading, SPR O. And this is the chart. This is the level two time and sales, and these are the trades. So, in this trade, I'm trying to enter a dip buy in the V-op area.
[7:44]So, I just got in with 200 shares. The number is not that excited because the account is still pretty small. The account is just at around 280 bucks at that day. So, I bought in 200 shares at around 1.45, and I'm looking for it to break, uh, the high of the day. And I will just wait for it to break around 1.8, and I usually will sell it into the strength.
[9:26]So, it actually broke 1.8, and it squeezed to 1.9. And I took profit at 1.9, and I did a quick scope for 100 shares on the next candle. So, I made around, uh, $160 on that trade. So, you can see the day P&L right now is 272. So, I almost doubled the account, doubled my, uh, $280 small account. So, because there is a leverage, on the next day, my buying power will also double, so I can teach a much bigger size the next day.
[10:15]Beautiful. Uh, does the daily matter much for you? Does it really, does it, uh, do you take into account the daily chart much or if it's got volume, and it's running, and it's got news, that's what matters? I usually look at the daily chart and, uh, one-minute chart. I try to find resistance and support in the daily chart, and I usually draw it out on the chart so I can look at it when I'm trading. Nice. But I don't trade on daily chart. I just, uh, use it for looking at resistance and support. So, in about 2 weeks, I had already turned the account to $20,000. That was when I took this account and entered, um, the United States Investing Championship. Uh, which I'm going to talk about talk about later. As the account grows, I was gradually adding size, so the account actually reached 200,000 by the end of July. And here is the pullback. So, August was pretty slow for me. There was not much going on in the small cap market, which is pretty normal in the summer. So, maybe I should have taken a break. And so, by the end of August, my balance was 164,000. And you can see this is my monthly P&L. And in September, we can see there is a very big upswing in my P&L because the day trading market heated up again. There is this stock called OCTO, actually went up 6,000% in a single day. I only caught a small part of it and made around $18,000 on that stock. Because the market has been cold at that time, and I had low expectation going into that day. But then I was well prepared the next day, knowing the market would definitely heat up after that stock. So, I made $50,000 the next day, trading CWD and a few other ticker. And CWD actually went up 2,500% in premarket with huge volume. And the next day we had WDS going up 1,000%. And as a day trader, we hunt for volatility and volume, and that's exactly what we want to see. So, I end up making $240,000 in a month. I got some more creeps to share with you as well. Incredible. Uh, can I just ask, like, most traders don't know when to slow down and when to speed up in the markets? How do you know? Um, sometimes it, it, it actually takes time. So, in August, I did really bad on the first day. And so, going into the next week, I did bad again on Monday. So, I actually kind of feel that, oh, this month is kind of slow. So, I actually, uh, take a smaller size and be more careful about what trade I takes.
[13:28]So, for the next, for the whole months, I have been more, um, try to be more careful, so I didn't lose in some, uh, big trade. And for September, um, because there is a holiday on Monday, so it is still very slow. But on September 8, uh, because I saw the stock OCTO went up 6,000%, and I got that the next day people are going to be very formal of what they miss yesterday. So, I know that the market's going to heat up, uh, so in premarket, I try to be more aggressive and take some larger size and be more aggressive. So, right here is a trade in September, when the market is up again, and I'm trading this stock called YOUL. And let's take a look. So, this stock is squeezing higher, but I don't want to take a trade at the top. I don't want to risking buying at the top, and it suddenly dropped a lot. So, I'm waiting for a pullback. So, right here, I saw a pullback, and I got in for 6,000 shares. You can see my size it's is bigger than my last trade because the account has grown bigger. So, right here, I'm looking for it to break uh four and squeezed higher.
[15:06]And because I know the market is really hot, and the momentum is going, uh, is trending up on this stock. After breaking four, I will still look for more. So, I just saw a big order in level two. In the bid. So, I think there is a support downstairs. And I know that some short seller may short in like this candle. And you can see the volume is spiking up. So, the short seller will get squeezed out at this time. And at this time, I try to add more but I didn't get to feel the whole position. So, I tried to brought in another six, another 2,000 shares at 4.41, but it only do a partial feel. And it breakouts again. And I sold my whole position at around 4.6, which makes about 5,000 bucks on this trade.
[16:49]Right here is an another clip on CWD. Uh, you can see the previous candle have a rejection. But as it's the momentum is still very upside, I would say. So, I'm actually looking for a dip buy instead of thinking it will drop again.
[19:12]So, I actually bought in 2,000 shares at around 12.5, and I want to see a reversal.
[19:28]And we can see that the price action is showing is likely going to be a reversal after I bought in. So, I'm pretty confident about this trade, so I will add more on the way up. You can see I just added another 1,000 shares at this area. And it went up to 14.
[19:54]And the new candle comes up, and I want to add another 1,000 shares right here before it breaking the high of the day price level. So, after I bought in the 1,000 shares, it breaks out, and I try to sell all of them at 15, but I only got a partial feel, so I immediately got out at 14.7.
[20:21]And this trade makes around $6,000. And right here, I am looking for a trade that's actually on the short side.
[20:34]So, I'm looking for shorting this MSC after it breaks two. And now it's 7,500.
[21:01]And the, uh, profit-taking area, I am aiming for around this area around 1.7. And on this kind of trade, I sometimes took profit on the way down. I might take some partial profit on the way down. Yeah, because 99% of the time you can't do this, but you can do it if there's a 6,000% runner the day before. So, it's really time specific. Not only that day, but because September the whole month is very hot, there are more opportunity, so I did very well in September. Beautiful. Yeah, and it's in five months as well, right?
[22:19]I don't think we've ever had anyone on Kinfo with that good of a return on investment, ever. Thank you.
[22:26]Thank you. Thank you very much. Thank you for inviting me.
