Teen Makes $300,000 on PENNY STOCKS!

TXSTYLE · 12-09-2014, 10:32 AM

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

Myrder · 12-09-2014, 04:06 PM

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!"

SunnyD · 12-09-2014, 04:11 PM

Yep, it's like going to Vegas and putting all your money on black and hitting. Not exactly sound investing advice.

MrPrena · 12-09-2014, 04:35 PM

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.

MidwestGolfBum · 12-09-2014, 06:01 PM

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.

ShopVac · 12-09-2014, 08:20 PM

Guaranteed he'll lose it quicker than he got it.

P1 · 12-09-2014, 08:34 PM

Talk about rolling the dice.

TXSTYLE · 12-09-2014, 10:07 PM

No hate from me. Props to him. Instead of playing xbox and foking off like most teens do, he's getting that paper!

F1Venom · 12-09-2014, 10:17 PM

Quote:

Originally Posted by TXSTYLE

No hate from me. Props to him. Instead of playing xbox and foking off like most teens do, he's getting that paper!

I agree! But penny stocks are not way to earn a living unless you're in full control of the penny stock. I lol'd at this part
"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."

UncleWede · 12-10-2014, 10:04 AM

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. . .

Myrder · 12-10-2014, 11:58 AM

Quote:

Originally Posted by TXSTYLE

No hate from me. Props to him. Instead of playing xbox and foking off like most teens do, he's getting that paper!

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.

Kevin52 · 12-10-2014, 02:42 PM

Ballsy move. I for sure wouldn't have the stones to mess around with penny stocks.

Maestro · 12-10-2014, 05:04 PM

Quote:

Originally Posted by ShopVac

Guaranteed he'll lose it quicker than he got it.

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.

MrPrena · 12-11-2014, 04:56 PM

My advice:

Quit while you're ahead...kid.

Bimmer Nerd · 12-11-2014, 06:21 PM

Quote:

Originally Posted by ShopVac

Guaranteed he'll lose it quicker than he got it.

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.

ShopVac · 12-11-2014, 07:58 PM

Quote:

Originally Posted by Bimmer Nerd

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.

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).

Bimmer Nerd · 12-12-2014, 02:39 PM

Quote:

Originally Posted by ShopVac

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).

hahah reminds me of most of my college papers

stylinexpat · 12-14-2014, 11:06 AM

Quote:

Originally Posted by MrPrena

My advice:

Quit while you're ahead...kid.

Best advice

MrRoboto · 12-14-2014, 11:36 AM

Quote:

Originally Posted by SunnyD

Yep, it's like going to Vegas and putting all your money on black and hitting. Not exactly sound investing advice.

At least this way you have a 50/50 chance.

EyeGuy · 12-14-2014, 01:52 PM

High school student nets $72 million
http://nypost.com/2014/12/14/stuyves...-stock-market/

F1Venom · 12-14-2014, 01:58 PM

Quote:

Originally Posted by EyeGuy

High school student nets $72 million
http://nypost.com/2014/12/14/stuyves...-stock-market/

Holy fuck.

P1 · 12-14-2014, 02:28 PM

Quote:

Originally Posted by EyeGuy

High school student nets $72 million
http://nypost.com/2014/12/14/stuyves...-stock-market/

I read the article also, but have a hard time believing it. There's very little context to it.

12-09-2014, 10:32 AM	#1
TXSTYLE "Salud" 15257 Rep 4,971 Posts Drives: M8 Gran Coupe Comp & X5M Comp Join Date: May 2013 Location: The GYM! (The Burbs - N TX) iTrader: (0)	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 __________________
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12-09-2014, 04:06 PM	#2
Myrder Major 164 Rep 1,264 Posts Drives: 2010 E92 335i MSport 6MT LMB Join Date: Apr 2013 Location: WildWest iTrader: (1)	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!" __________________ 2010\|335i\|LMB\|E92\|6MT\|MSport\|Logic7\|335is Clutch\|AE Performance\|BMS\|Walbro\|VRSF 7"\| 149.7mph NFZ AZ 1/2mi 1992\|Pontiac Firebird\|Mild 355ci\|T56\| -I will look on your treasures, gypsy. Is this understood?-
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12-09-2014, 04:11 PM	#3
SunnyD Major 480 Rep 1,326 Posts Drives: E90 M3 Join Date: Dec 2006 Location: Long Beach, CA iTrader: (1)	Yep, it's like going to Vegas and putting all your money on black and hitting. Not exactly sound investing advice. __________________ '11 ///M3 E90 ZCP \| DCT '06 ///M5 \| SMG - Gone '98 ///M3 \| 5MT - Gone '07 ///M Coupe \| 6MT - Gone
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12-09-2014, 04:35 PM	#4
MrPrena Captain 1590 Rep 803 Posts Drives: BMW Hyundai Nissan Join Date: Jan 2014 Location: TB iTrader: (0)	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. __________________ 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, 08:20 PM	#6
ShopVac Not willing to take advice 4667 Rep 1,576 Posts Drives: F82 M4 - 6MT Join Date: May 2010 Location: PA iTrader: (1) Garage List 2014 Porsche 981 Bo ... [10.00] 2018 BMW M4 [9.87] 2023 Genesis GV70 [8.25] 2014 Audi S4 [8.25]	Guaranteed he'll lose it quicker than he got it. __________________ Proud owner of 4 Turbos and 1 Supercharger
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12-09-2014, 08:34 PM	#7
P1 Lieutenant General 11735 Rep 11,191 Posts Drives: 2004 3/4 ton Duramax Join Date: Aug 2007 Location: United States iTrader: (1)	Talk about rolling the dice.
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12-09-2014, 10:07 PM	#8
TXSTYLE "Salud" 15257 Rep 4,971 Posts Drives: M8 Gran Coupe Comp & X5M Comp Join Date: May 2013 Location: The GYM! (The Burbs - N TX) iTrader: (0)	No hate from me. Props to him. Instead of playing xbox and foking off like most teens do, he's getting that paper!
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12-10-2014, 10:04 AM	#10
UncleWede Long Time Admirer, First Time Owner 18525 Rep 9,432 Posts Drives: G01 X3 M40i Dark Graphite Join Date: Jun 2005 Location: Oxnard, CA iTrader: (0)	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, 02:42 PM	#12
Kevin52 UMN 4 Rep 81 Posts Drives: 2009 e90 328i Xdrive Join Date: Aug 2013 Location: Minnesota iTrader: (0) Garage List 2009 Bmw 328i Xdriv ... [10.00]	Ballsy move. I for sure wouldn't have the stones to mess around with penny stocks. __________________ 09' e90 328i Xdrive ZSP/ZPP/ZCW/Xenons/Heated Wheel/OEM Performance Exhaust
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12-11-2014, 04:56 PM	#14
MrPrena Captain 1590 Rep 803 Posts Drives: BMW Hyundai Nissan Join Date: Jan 2014 Location: TB iTrader: (0)	My advice: Quit while you're ahead...kid. __________________ Beware of Jeff Oliver the fraud at Highland Expedition Outfitters (aka HEO or HEOutfitters) located in Cosby TN.
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12-14-2014, 01:52 PM	#20
EyeGuy Second Lieutenant 166 Rep 247 Posts Drives: 08 335xi coupe, 17 nx200t, 23 Join Date: Apr 2011 Location: NY -> Fl iTrader: (2)	High school student nets $72 million http://nypost.com/2014/12/14/stuyves...-stock-market/
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