They made him pitch his ideas though... that's not bad. He's basically being trained for sell-side or maybe hedgefund ... But he definately needs to step up his game then!!
"16-year-old made $43,000 on these stocks in 3 years"
- Thread starter lawrence-lugar
- Start date
Bitter much?
Most of us don't trade?
That is cool. I'll never forget my first eye-opening lesson about investing in the stock market, when I was 18. I was reading one of my college freshman textbooks, and it said that if you buy and hold a basket of blue-chip stocks, you should expect a long-term return of about 10% per year. I asked my Dad about it, and he told me it was true (he was a real estate investor, and there was never any conversation about stocks in our household). I was flabbergasted! Finally a way to make money by doing nothing! Why hadn't anyone told me about this!?! All I had to do was make some money to invest (it took me another 18 years to actually start). Now I have been investing for many years and I'm very grateful for that book. That sentence was the most valuable thing I ever learned in college. Although it goes off on a bender now and then, I still think the stock market is too good to be true. I still find it absolutely amazing that all this free money is out there for the taking.
drcha, I always enjoyed your posts and coaching. What you wrote was great advice for the younger folks just starting out. I started investing early, quit work early and for the past decade, trading full time because I enjoyed the challenge.
I must admit, trading has not been profitable for me. I tried day trade, swing trade, trend trade... none were profitable and day trading was the worst. I bought and read tons of books but none were very helpful and their methods effective. About 3 1/2 years ago, I switched to options trading and the results were actually better but the more I traded the more I realized their complexities and came to appreciate their beauties.
However, I must say if I had to rely on trading for living expenses, I would still be working.
Regards,
I hate to bump this, but my friend Googled teen traders or something and this popped up.
The stuff on this thread is extremely incorrect.
I returned 30% in 2015 and 42% in 2014 (read the article closely it says it).
I started with 5k in 2013 which I used to make ~22k in January and February of that year. Then my parents upped how much I could use over the past 3 years. Nothing I've made outside of the second half of 2014 and all of 2015 was counted. I was also down almost 20,000 in Nike alone in July and was down like 3000 in Visa. I'd also taken my first loss in January of this year for -5000 before I started making profits again (all of which was wiped out by Nike and Visa and Fitbit...)
Just wanted to clear that up.
The stuff on this thread is extremely incorrect.
I returned 30% in 2015 and 42% in 2014 (read the article closely it says it).
I started with 5k in 2013 which I used to make ~22k in January and February of that year. Then my parents upped how much I could use over the past 3 years. Nothing I've made outside of the second half of 2014 and all of 2015 was counted. I was also down almost 20,000 in Nike alone in July and was down like 3000 in Visa. I'd also taken my first loss in January of this year for -5000 before I started making profits again (all of which was wiped out by Nike and Visa and Fitbit...)
Just wanted to clear that up.