New York schoolboy who made $72MILLION trading stocks on his lunch breaks

[qxr1011]

http://www.dailymail.co.uk/news/art...es-72MILLION-trading-stocks-lunch-breaks.html

amazing! started in penny stocks then moved to midcap then gold and crude futures!

He's da man! PTJ is his hero.

I wondered what was his starting stake..

relax...

probably some hoax. or just bunch of malarky

 

[trendo]

Whiz kid stock picker: No, I didn't make $72M


http://finance.yahoo.com/news/whiz-kid-stock-picker-no-190045689.html

 

[Clubber Lang]

This pic is so perfect...A multimillionaire lover at work...I wish it is true.

Kid looks like an Ewok

 

[kut2k2]

Whiz kid stock picker: No, I didn't make $72M


http://finance.yahoo.com/news/whiz-kid-stock-picker-no-190045689.html

The story is still BS. Let's assume the kid is worth $2 million and he started with a barely believable $10K from his "tutoring job" (at age 9!! Shouldn't a kid this smart have graduated high school before he was 15?)

OK that's a 200-fold increase over 8 years, which works out to a gain of almost 5.7% a month for 96 months straight. And this is after commissions and after taxes.

PT Barnum put it best: there's a sucker born every minute.

 

[running_bare]

I expect he'll soon find his way to ET selling $7500 "mentoring" courses

LOL

 

[clacy]

Are his friends throwing up gang signs? lol

 

[copa8]

Are his friends throwing up gang signs? lol

Stuyvesant is a rough school yo! Almost 75% of the students are Asian-Americans. Very dangerous and tough crowd.

 

[kut2k2]

It seems like the person who "broke" the story is Jessica Pressler. It's not the first time she fabricated the truth. Definitely not a financial reporter.

http://www.huffingtonpost.com/2013/04/01/avicii-gq-article-failed-miserably_n_2994485.html

Maybe she's the fabicator. Or maybe she's a gullible reporter who gets played a lot, first by some DJ and now by some high school fabricators. Either way, not a bright future for her in journalism.

 

[Swan Noir]

Stuyvesant is a rough school yo! Almost 75% of the students are Asian-Americans. Very dangerous and tough crowd.

As you say it's a rough school!! Built specifically for a STEM curricula it was, at the time it was built, the most expensive high school in America -- $200,000,000. I lived a few blocks away at one time and when school let out it was like being in Hong Kong!!

 

[MoreLeverage]

He made the "20 under 20" list last year.

http://www.businessinsider.com/20-under-20-in-finance-2013-11?op=1