To The Moon

The Road to MillionDollars | In 2025, an increasing number of Tiger Brokers users achieved investment returns of millions of dollars.

Tiger Brokers launched the "The Road to a Million Dollars" series, getting close to these investors who achieved million-dollar returns and hearing their stories of how they thought, persevered, and grew.

For Tiger Brokers, investing is not just about profit and loss numbers, but a journey from dream to achievement. We hope these stories inspire more people to set their own investment goals, turning "millions of dollars" from a distant dream into a visible and attainable milestone.

This episode of "The Road to a Million Dollars" features Mr. Weng. Like many investors, he also experienced common trading pitfalls for novice investors.

However, personality often determines one's fate. Faced with the "huge sunk costs" incurred due to losses, should one leave with regret or rise to the challenge? He chose to firmly follow his own path—a strategy of heavily investing in core stocks combined with a sell-put strategy.

From deep drawdowns to a stable upward trend in his profit curve, he relied not on luck, but on his system.

I. Entering the Stock Market, Losing Over $1 Million in Consecutive Quarters

Mr. Weng is 32 years old and a native Singaporean. Before venturing into US stocks, he experienced several career changes. He was an e-commerce entrepreneur; after starting a family and becoming a father, he transitioned to managing a children's playground. He smiled and said that his background as a businessman didn't actually help him much with stock trading.

Mr. Weng opened his app, “From 2021 to 2022, I suffered significant losses, with each quarter losing over $1 million.”

In 2021, introduced by a friend, Mr. Weng began exploring the stock market. Like many newcomers, he was hopeful but lacked sufficient preparation.

• He didn't pay enough attention to questions that should have been carefully considered: what stocks to buy, at what price to enter, and when to exit.

• Often, he would listen to friends' recommendations, using "others' experiences" as the basis for his judgment.

• However, in 2011, the domestic and international regulatory environment changed drastically, and the large number of Chinese concept stocks he held collectively plummeted, even crashing.

Immense risks were yet to come.

Misfortune never comes singly; he inadvertently stepped into an elaborate scam. It was a WhatsApp investment group where a "teacher" would recommend stocks and share his profits, which everyone would follow. Initially, he did make some small profits, and it was after experiencing some success that his vigilance gradually lowered.

Soon afterward, the group's focus shifted, recommending stocks with small market capitalization and low liquidity. After the retail investors in the group heavily invested, the previously inflated stock prices suddenly plummeted, trapping his investment.

He immediately realized—he had been scammed. Many others in the group were also victimized; even reporting the crime to the police was futile.

The screenshot shows the stock price movement of the target after Mr. Weng heavily invested in the stock in the group.

II. Betting on Recovery, But Failing to Receive Profits

If the previous losses were due to being scammed, this subsequent loss was a typical case of expectation deviation.

At the end of 2022, the COVID-19 pandemic, which had lasted for more than three years, gradually came to an end, and the market generally expected that pent-up consumer demand would be released in a concentrated manner. Based on his judgment of market sentiment, Mr. Weng bet on travel-related companies such as $Carnival(CCL)$ through options (buy calls).

However, the actual consumer recovery did not materialize in the short term. As time went on, the large number of calls he held heavily experienced a rapid loss of time value, with a loss of $195,000 USD on $CCL alone.

III. Novice Transformation: Overcoming "Chasing Highs and Selling Lows," Cultivating One's Own Investment System

In Mr. Weng's view, maintaining rationality and restraint in the face of market volatility is very difficult. When prices fall, the instinctive reaction is panic selling; when prices rise, emotions easily cloud judgment. The question of when to buy and when to sell has troubled him for a long time.

After repeated losses and reviews, he slowly began to figure things out. The problem wasn't chasing trends, but rather needing a reusable trading logic.

Instead of constantly switching instruments and changing tracks, he decided to build a trading system around a single instrument—profiting from volatility through options strategies like sell puts or sell calls, while simultaneously holding the underlying stock to earn long-term returns. The stock he chose was $ProShares UltraPro QQQ(TQQQ)$ .

The main reasons were clear: firstly, he was optimistic about the long-term development trend of the US technology industry; secondly, compared to $Invesco QQQ(QQQ)$ , the three-fold leverage brought greater volatility.

IV. Personal Preference: Volatility is measured by the VIX, with 20 as a reference threshold.

In April 2025, the US tariff policy acted like a "nuclear bomb," quickly igniting panic in global markets. Faced with this rare and devastating black swan event, Mr. Weng was under immense pressure regarding margin requirements, needing to continuously replenish funds to avoid forced liquidation. However, he remained steadfast in his convictions, persevering to the end and not only recovering all losses but also achieving further profits.

This approach is closely related to his personality; once he's convinced of something, he goes all in, betting heavily and executing decisively. But this also means higher demands on his risk management and tolerance.

When judging entry points and whether to adjust positions, one of his primary reference indicators is the $Cboe Volatility Index(VIX)$ .

• When the VIX approaches 20, indicating significant market volatility, he begins to gradually build his position.

• If the VIX continues to rise, he adds to his position in batches.

Of course, he also emphasizes that this is not a "standard answer."

V. Investment Milestone Moments: Seeing the Direction and Persisting

When Mr. Weng received the "Premium Edition" million-dollar milestone from Tiger Brokers, he was delighted. This wasn't just a simple souvenir; it allowed him to "see and touch" the investment process and its results.

For him, reaching one million US dollars might not be an insurmountable barrier, but rather a pivotal moment when, after continuous trial and error and repeated reflection, he finally developed his own investment system. More than the number itself, the experience is worth remembering.

Tiger has created a "Premium Edition" million-dollar milestone for users who achieve one million US dollars in returns by 2025, paying tribute to every investor who reaches the pinnacle. Simultaneously, it has also launched a "Dream Edition" million-dollar milestone, representing investment beliefs and goals, hoping to accompany more investors on their journey to achieving their own million-dollar milestone.

Make goals tangible, make dreams visible.

For investors still on their journey, Mr. Weng's advice is very insightful: Maintain a calm mindset when investing, and don't let short-term fluctuations affect you. Stay focused on your direction, persevere, and don't be greedy.

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