I Made Profits of over US$200K (100%)

4.64 (164 V)

    My name is Derek Foong, and this is my story of how I made a profit of US$211,779 in 8 months from February 2020 to today (Oct 2020).
    With an initial capital of US$200,000, this means that my Return on Investment is over 100%!
    Feb - Oct 2020

    15 years ago, I started my trading and investment journey with Forex day trading and investing in US stocks. At that time online trading was a big hit and there were a lot of advertisement from different brokers and financial trading gurus. My friends and I were excited that we will be able to earn money in the comfort of our homes. Between 2005 and 2017, we were surfing the Internet for trading materials and bumped into many technical analysis methods taught by different trading gurus.  Each of the gurus would teach a different set of indicators and it is very confusing for us. We did not know then, but most of the materials out there were not meant for our benefit. We blew our accounts many times by following the free strategies offered in the internet and gurus. We switched from one strategy to another, hoping that we will finally find the right one. None of it worked out for us. 


    It soon came to a point where we all agreed we had wasted years of our time and money applying unproven strategies. Most of my friends went back to their daily routine and just save their money in their savings account.

    One day in March 2018, I saw an online advertisement with an invitation to attend a 3 hours seminar presented by Adam Khoo. I attended the seminar and I was blown away with the facts Adam had presented. Immediately, I signed up for 3 Wealth Academy courses scheduled for May 2018. Attending the WA Course was truly the most enriching moment in my life. After the WA Course, we continued to have support from Adam Khoo and his team.

    In February 2020, I started to invest with an initial capital of US$200K.  At March 2020, the Market had dropped about 32%, one of the sharpest Market crash in history. Adam Khoo called the market bottom, and being confident of Adam's teaching and insights, took the opportunity to buy into great companies at extremely undervalued prices. Profiting from the major panic.

    I had found the correct formula.  Previously I was depending on Technical Analysis to trade the market.  I now realise that choosing companies with the right fundamentals, macro analysis and psychology were the most important factors. 

    With these profitable results, I truly appreciate what Adam Khoo had taught me, and I thank Adam from the bottom of my heart. Wealth Academy is indeed a life transforming education, and it comes with the most caring support team during this journey. For any investors and traders out there who are still searching and struggling, look no further. Wealth Academy is the one and only best of class must-attend-course.

    Oct 20, 2020 12:00 AM | Comments (26)
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    Kwoh Leong Keong says:
    Oct 20, 2020 05:19 PM

    Wow. Excellent achievements. Thanks for sharing. Do you have any target for 2021?

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    Foong King Soon Derek says:
    Oct 24, 2020 03:30 PM

    thanks and I look forward to holding unto strong companies. I would say my target for 2021 would remain beating the SP500.

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    Pavan Aga says:
    Oct 20, 2020 05:28 PM

    Congrats Derek on you incredible success.

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    Foong King Soon Derek says:
    Oct 24, 2020 03:30 PM

    Thanks. Let's win together every year.

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    Zoey Choy says:
    Oct 20, 2020 07:42 PM

    Congratulation Derek and rejoice in your happiness! Wishing everyone stay profitable every year! Cheers! ^__^

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    Foong King Soon Derek says:
    Oct 24, 2020 03:31 PM

    Thanks for the wonderful wishes and let's keep winning the markets together! Cheers! =)

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    KOO John says:
    Oct 21, 2020 08:56 PM

    Well done Derek. I am proud of you. Thanks for sharing your investment journey. It really encourage me.

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    Foong King Soon Derek says:
    Oct 24, 2020 03:31 PM

    You are welcome and let's keep winning together in this journey.

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    Joseph LIM says:
    Oct 22, 2020 10:48 PM

    Congrats Derek, I believed this big win will be a booster in your confidence for your investment journey!!! Cheers

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    Foong King Soon Derek says:
    Oct 24, 2020 03:32 PM

    Thanks and let's win big too all the years coming along. Cheers! =)

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    TAN Ban Sing, Alvin says:
    Oct 23, 2020 09:29 AM

    Congrats Derek!

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    Foong King Soon Derek says:
    Oct 24, 2020 03:32 PM

    Thanks and let's keep winning together! =) Cheers!

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    Mike LEE says:
    Oct 23, 2020 01:15 PM

    Well done Derek! Congratulations!

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    Foong King Soon Derek says:
    Oct 24, 2020 03:33 PM

    Thanks and let's keep winning every year outperforming the benchmarks! Cheers! =)

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    TAN Hock Lai, Alvin says:
    Oct 24, 2020 04:01 PM

    Great Wins for you! Congratulations! I also aspire to get 100% returns in a year! =)

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    Chee CL Desmond says:
    Oct 25, 2020 07:03 AM

    Congrats Derek. You were not deterred by your initial setback. I went through that too but your rebound was incredible. All the best in your investment journey.

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    LIN Yiwen says:
    Oct 29, 2020 08:44 AM

    This is amazing, congrats!

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    Absar Qurishi says:
    Nov 01, 2020 03:01 PM

    Excellent and congrats . Wish you all the best in future as well

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    Lilian LOW says:
    Nov 03, 2020 07:11 PM

    Thank you for sharing. Cannot wait to share my success story too one day. :)

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    Chang Chai Fung, Rachel says:
    Dec 21, 2020 08:45 PM

    Inspiring, you are my role model

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    Chan Jie Ning, Olivia says:
    Dec 30, 2020 09:46 AM

    Inspiring, your story keeps everyone motivated..

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    Suman Subramaniam says:
    Apr 11, 2021 09:18 PM

    Well done Derek!

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    Chin Foo says:
    May 31, 2021 09:23 PM

    Inspirational achievement!

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    Ozie Adams says:
    May 31, 2021 11:47 PM

    Great story and very inspirational Derek. Thanks for sharing.

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    Gary Chong says:
    Jun 03, 2021 06:25 AM

    Congratulations. Good timing. You are blessed with attending the WA course before the crash. Nevertheless, you did fantastically well in buying great companies with high discounts. WA knowledge gave you the confidence to go in and go long.

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    Ong Lizhen says:
    Jun 08, 2021 08:43 PM

    Congratulations. Thank you for sharing. This is inspiring and boost my confidence. Wishing you all the best in great achievement.

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    Jensen Tan Siew Khiang says:
    Sep 28, 2021 09:17 AM

    That is very inspiring Derek, thanks for sharing. May I know how many trades you did in that 8 months and what was the mix between wins and losses?

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    Eugene Lim says:
    Apr 02, 2023 03:18 PM

    An inspiring story for me to take actions. It is not easy taking the leap of faith to buy when the market tanks parabolically. Your testimony and Adam's teachings have confirmed this faith for me.

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    Chan Say Piu says:
    Oct 01, 2023 03:20 PM

    Congrats Derek, your testimonial reinforces the importance of the what, how, when enter/exit. Most importantly, how we manage our psychology of investing in between each stage.

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    Hassaan Vahidy says:
    Apr 20, 2024 11:09 PM

    Well done and congratulations. I wish I had discovered WA before March 2020 🙂 well done on not selling out prematurely.

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    Yong Sheue Fen says:
    Jul 11, 2024 09:22 AM

    Inspiring story, it takes courage to buy at the lowest.

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    Joshua Tang Ping Chiang says:
    Apr 23, 2025 07:48 AM

    Wow! What an inspiring story. Thank you for sharing!