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22-year-old triples $100,000 principal in nine days, wins Phillip Nova challenge

Jovi Ho
Jovi Ho • 3 min read
22-year-old triples $100,000 principal in nine days, wins Phillip Nova challenge
In less than 10 days, 22-year-old Mihir Malhotra more than tripled $100,000 in principal using Phillip Nova’s MT5 trading platform. Photo: Jovi Ho/The Edge Singapore
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In less than 10 days, 22-year-old Mihir Malhotra more than tripled $100,000 in principal using Phillip Nova’s MT5 trading platform.

Mihir made one final swap on Sept 27, turning in $322,652 in virtual credits for a $1,000 cash prize at the close of the Phillip Nova Young Investors Trading Challenge 2022.

Notably, the final-year business undergraduate at the Singapore Management University only entered the markets in May. “I guess why I started so late was because I wasn't confident enough. It's a game of confidence.”

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