12-09-2014, 09:32 AM | #1 |
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Teen Makes $300,000 on PENNY STOCKS!
Kudos to the kid. I wouldn't have tried this but gutsy, and it paid off big time!
http://www.theverge.com/2014/12/3/73...-mobile-trader |
12-09-2014, 03:06 PM | #2 |
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Pure luck. Penny stocks are straight gambling. I wouldn't believe a word this kid says or suggests.
It's like someone playing a slot machine and hitting the jackpot, then going on to say "yea, I can teach you how to win at slot machines, you will be rich!"
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12-09-2014, 03:11 PM | #3 |
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Yep, it's like going to Vegas and putting all your money on black and hitting. Not exactly sound investing advice.
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12-09-2014, 03:35 PM | #4 |
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I know few shady firms which raised penny stock IPO. Their "wolf of wall st. pitcher pitches the stock at 0.000000000000001/share" to fullfill their IPO. LOL
Anyways, the kid will be the most popular kid in school. He will be more popular than a HS baseball pitcher, HS Football QB, and Varsity Basketball player in school.
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Beware of Jeff Oliver the fraud at Highland Expedition Outfitters (aka HEO or HEOutfitters) located in Cosby TN.
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12-09-2014, 05:01 PM | #5 |
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From the sounds of the article, his dad has made him realize some things about the world that he is playing in and the kid seems smart enough to realize that too. I just hope that he doesn't get himself in trouble with the website that he set up because that's where all kinds of people who have had some small success seem to fuck themselves.
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12-09-2014, 09:17 PM | #9 | |
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"He says that he’s tried some of the more well-known stock exchanges, but felt that high-frequency traders using sophisticated algorithms were eating into his profits." |
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12-10-2014, 09:04 AM | #10 |
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IF he can capitalize on his success by selling 1.7 billion copies of his $.99 penny-stock app, he will make some real cash. . .
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12-10-2014, 10:58 AM | #11 |
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No hate really either, he could have lost $10k just as easily though and this kid getting some article written and sensationalized only tries to justify he did something right... That's my only point.
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12-10-2014, 01:42 PM | #12 |
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Ballsy move. I for sure wouldn't have the stones to mess around with penny stocks.
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12-10-2014, 04:04 PM | #13 |
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Was just thinking this,
My son use to love playing Texas holdem and was actually pretty good at, use to clean out his friends. Then one day he wanted me to set up an online account so he could play online, that did not happen. What I did do for him was to let him play with some real adults who had real money. At first he spanked them, then they realized how he was playing and cleaned him out in no time. Best lesson he learned, never want to play Texas holdem again except for fun. |
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12-11-2014, 03:56 PM | #14 |
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My advice:
Quit while you're ahead...kid.
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12-11-2014, 05:21 PM | #15 |
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If you read the article it stated that his father was the vice president of JP morgan and he is still in charge of the etrade account. He also said that he takes money away from him and advises him to put it into more stable, long term investments.
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12-11-2014, 06:58 PM | #16 |
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I'm your typical American male...I read three paragraphs and assume I know the rest of the story (and can write a comment on it).
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12-12-2014, 01:39 PM | #17 |
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12-14-2014, 10:36 AM | #19 |
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12-14-2014, 12:52 PM | #20 |
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High school student nets $72 million
http://nypost.com/2014/12/14/stuyves...-stock-market/ |
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12-14-2014, 12:58 PM | #21 | |
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12-14-2014, 01:28 PM | #22 | |
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