Taylor’s University debaters headed off to Australia to compete in the
Yu Chin jumps in joy after receiving his prize in a special event at here at the Lakeside Campus which was attended by family and friends.
Sim Yu Chin from Taylor’s Business School beat more than 18,000 competitors in the Ken Trading Challenge II organized by Kenanga, clinching the coveted title of Champion and walking away with a Volkswagen Beetle 1.2 TSI worth RM 135,888.
Yu Chin, one of the youngest participants in the competition at just 19 years old, shared that his passion for trading and investing that he developed at the age of 15 prepared him well for the competition.
“Since the Ken Trading Challenge II is stimulated for real-life stock data, I had to do my research and analyzed the strongest stocks every night before the market opened the next day,” he said.
The Bachelor of Finance & Accounting student read up on economic and global news every night before each trading session as this development would impact the local financial markets the next day.
“For example, if the ringgit weakened overnight, I would seize the opportunity to buy into export stocks the next day. I also analyzed some of the company's fundamentals and profitability to ensure that it was able to give me a good return on investment. I read up on other research reports made by financial analysts on various websites as well.
“The difference between trading during the grand finals compared to the earlier sessions was that the participant with the highest return in portfolio value in one morning trading session, 9.00A.M- 12.30P.M would be declared the champion.
“After the grand finals ended, I knew I had a chance of winning it as I amassed RM101,000 virtual return within that short period. When I heard my name being called, I was the happiest guy in the world and I could not believe it at first. It just felt great to have all my hard work, time and effort pay off well this time,” shared Yu Chin, still with an incredulous look on his face.
Taylor’s Business School Dean, Vinitha Guptan, congratulated Yu Chin on his achievement, sharing that the future is very bright for the passionate youth.
“To achieve this at the age of 19 is an incredible feat and I look forward to witnessing his future achievements. He has proved that passion pays and that if you put your mind to something, nothing can get in your way.
For Yu Chin, the future is a path he can’t wait to explore.
“I will definitely join other competitions organized by other banks in the industry and hopefully, keep the winning streak going. I have also considered teaching some friends and students who are interested in learning about investing.
“Next year, I’ll also seek ventures and internships with financial institutions of my interest. There’s one thing for sure, I’ll never stop learning and growing and I will definitely set higher targets for the coming year. This year was just the beginning of many great years to come,” said Yu Chin.