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Subject: "HS kid makes 72M trading stock (update: no he didn't)" Previous topic | Next topic
Binlahab
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Mon Dec-15-14 08:49 AM

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"HS kid makes 72M trading stock (update: no he didn't)"
Mon Dec-15-14 09:39 PM by Rjcc

  

          

http://www.marketwatch.com/story/high-school-student-scores-72-million-playing-stock-market-2014-12-14

awesome

mod edit - it was all a made up story. http://observer.com/2014/12/exclusive-new-york-mags-boy-genius-investor-made-it-all-up/

does it really matter?

for all my fans who keep my name in their mouth: http://i.imgur.com/v2xNOpS.jpg

  

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Topic Outline
Subject Author Message Date ID
What was his initial investment and where did he get it?
Dec 15th 2014
1
for what? if youre too lazy to click a link & read
Dec 15th 2014
2
I did click and read. the article doesn't answer any of those question
Dec 15th 2014
3
      well if they aint in the article htf would i know, mcfly?
Dec 15th 2014
4
      hmmm, he has some big money friends
Dec 15th 2014
6
           it said he was 9 when he lost most of it trading penny stocks
Dec 15th 2014
7
           His friend sounds like an Uber Douche
Dec 15th 2014
13
                they all seem like douchebags.
Dec 15th 2014
31
Penny stocks, options or maybe a sham
Dec 15th 2014
5
      I use to trade Penny stocks. You have to watch them like a Hawk -
Dec 15th 2014
8
           i bought 3,000 shares of penny stock once upon a decade and you
Dec 15th 2014
10
that's a hell of a return. like unbelievable rate of return. he'd have t...
Dec 15th 2014
9
RE: HS kid makes 72M trading stock
Dec 15th 2014
11
That kid probably used some sort of mathematical algorithim
Dec 15th 2014
12
such an algorithm is a unicorn
Dec 15th 2014
15
      yeah, the market is not a rational actor
Dec 15th 2014
16
HE #1 AND YOU KNOW WHERE HE FROM
Dec 15th 2014
14
meh, been hearing stories like this since the 80's
Dec 15th 2014
17
People have whole careers making $$$ in the markets out of pure variance
Dec 15th 2014
18
I'll say it. I don't believe it. And yes I am very familiar with Stuyv...
Dec 15th 2014
19
The rich friends had to have put up daddy's money
Dec 15th 2014
20
the story has Pump and Dump all over it---if it's to be believed at all....
Dec 15th 2014
21
Can I get my credit for openly calling BS before it was Debunked?
Dec 15th 2014
25
      I guess? but it's so clearly impossible
Dec 15th 2014
29
Debunked:
Dec 15th 2014
22
that shit sounded impossible because it was
Dec 15th 2014
23
huh?
Dec 15th 2014
24
lol the fuk??
Dec 15th 2014
26
lmao, i was thinking the story was soooooo thin
Dec 15th 2014
27
pretty much. who the fuck let this run?
Dec 15th 2014
28
you are trapped in a worm hole
Dec 15th 2014
30
tell me lies tell me sweet little lies
Dec 16th 2014
33
damn...I feel sorry for the kid
Dec 16th 2014
35
what's crazy is coming from Sty, he HAD his pick
Dec 16th 2014
36
Came here to post this, lol
Dec 16th 2014
37
Binlahab come grab that L like you grab glazed turkey wings
Dec 16th 2014
32
DOH! - h. j. simpson nm
Dec 16th 2014
34

Hitokiri
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Mon Dec-15-14 08:56 AM

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1. "What was his initial investment and where did he get it?"
In response to Reply # 0


  

          

what stocks?
Needs more details.

--
"You can't beat white people. You can only knock them out."

"There is only one god and his name is death. And there is only one thing we say to death: not today."

  

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Binlahab
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Mon Dec-15-14 08:57 AM

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2. "for what? if youre too lazy to click a link & read"
In response to Reply # 1


  

          

youre damn sure too lazy to actually do anything w/ the information therein


does it really matter?

for all my fans who keep my name in their mouth: http://i.imgur.com/v2xNOpS.jpg

  

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Hitokiri
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Mon Dec-15-14 09:01 AM

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3. "I did click and read. the article doesn't answer any of those question"
In response to Reply # 2


  

          

which is why i asked them.
Did YOU read the article?

--
"You can't beat white people. You can only knock them out."

"There is only one god and his name is death. And there is only one thing we say to death: not today."

  

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Binlahab
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Mon Dec-15-14 09:04 AM

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4. "well if they aint in the article htf would i know, mcfly?"
In response to Reply # 3


  

          

do you think i know this fool?

if i knew what he was investing in to make this bread, wouldnt *I* be doing it? HELLO

smh

  

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John Forte
Member since Feb 22nd 2013
15330 posts
Mon Dec-15-14 09:20 AM

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6. "hmmm, he has some big money friends"
In response to Reply # 3
Mon Dec-15-14 09:24 AM by John Forte

          

http://nymag.com/news/articles/reasonstoloveny/2014/mohammed-islam-stock-trading/?mid=nymag_press

  

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legsdiamond
Member since May 05th 2011
71554 posts
Mon Dec-15-14 09:26 AM

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7. "it said he was 9 when he lost most of it trading penny stocks"
In response to Reply # 6


          

a 9 year old tutor? WTF...

  

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nipsey
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Mon Dec-15-14 10:56 AM

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13. "His friend sounds like an Uber Douche"
In response to Reply # 6
Mon Dec-15-14 10:57 AM by nipsey

  

          

All three plan to attend college next year, but they’re not concerned about classes getting in the way of their goal: “A billion dollars!” Damir said. “By next year!” Mo affirmed the number with a nod. “But it’s not just about money,” he added. “We want to create a brotherhood. Like, all of us who are connected, who are in something together, who have influence, like the Koch brothers …”

“Like in Wolf of Wall Street!” Damir interjected. “And Mo is Jordan Belfort.”



Which is to say: a believer in Wall Street. “A lot of young people do start-ups, but I think it’s a bubble. Trading and investments will always be there. Money will always be rotating—”

“Money never sleeps!” Damir added. “That’s from the Wall Street movie.”





“New York, that’s where the money’s at,” Damir shouted, pulling out a credit card.

This reminded me of an old joke about robbing banks because that’s where the money is. Damir grinned. “My father has a quote,” he said. “It’s really dope: ‘You can rob a bank with a gun, but you can rob the whole world with a bank.’ ”

____________________________________
Podcast Now on iTunes and Google:
http://tinyurl.com/JTTOU-iTunesSubscribe
Twitter: @nipsey @JTTOUPodcast

Last 3 things I watched:

The Harder They Fall (Netflix): C
Y: The Last Man (FX): B-
Dune (2021) (HBO Max): B

  

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guru0509
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Mon Dec-15-14 11:56 PM

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31. "they all seem like douchebags."
In response to Reply # 13


  

          

-------------------
I wanna go to where the martyrs went
the brown figures on the walls of my apart-a-ment...

  

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Cocobrotha2
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Mon Dec-15-14 09:11 AM

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5. "Penny stocks, options or maybe a sham"
In response to Reply # 1
Mon Dec-15-14 09:11 AM by Cocobrotha2

          

He wouldn't need too much to get started if he's trading ultra aggressively on penny stocks or with leverage.

<-><-><-><-><-><-><-><-><->
<-><-><-><-><-><-><-><-><->

  

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Case_One
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Mon Dec-15-14 09:32 AM

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8. "I use to trade Penny stocks. You have to watch them like a Hawk -"
In response to Reply # 5


          

or you can loose everything.

.
.
.
"America, stop turning our Court Houses of Justice into Dens for Justified Murderers."

  

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Fishgrease
Member since Feb 13th 2006
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Mon Dec-15-14 10:05 AM

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10. "i bought 3,000 shares of penny stock once upon a decade and you"
In response to Reply # 8


  

          

couldn't tell me sh*t when it went to 9 cent a share.

I thought I was the man with that $270.

Ha!

---------------------------------------
blog: www.wonderfullyhorrible.blogspot.com
instagram: Fishgrease
twitter: wooly_caesar
Podcast www.soundcloud.com/circlegang

  

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Fishgrease
Member since Feb 13th 2006
34445 posts
Mon Dec-15-14 10:02 AM

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9. "that's a hell of a return. like unbelievable rate of return. he'd have t..."
In response to Reply # 0


  

          

have started with $10m and have a return rate of damn near 400%.

---------------------------------------
blog: www.wonderfullyhorrible.blogspot.com
instagram: Fishgrease
twitter: wooly_caesar
Podcast www.soundcloud.com/circlegang

  

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TR808
Member since Oct 24th 2012
1985 posts
Mon Dec-15-14 10:40 AM

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11. "RE: HS kid makes 72M trading stock "
In response to Reply # 0


  

          

>http://www.marketwatch.com/story/high-school-student-scores-72-million-playing-stock-market-2014-12-14
>
>awesome
>
>
>does it really matter?
>
>for all my fans who keep my name in their mouth:
>http://i.imgur.com/v2xNOpS.jpg


This means nothing to me because it does not say what his initial investment was...

and how is a 17 year old allowed to trade stock for real...?

You take the blue pill, the story ends. You wake up in your bed and believe whatever you want to believe. You take the red pill, you stay in Wonderland, and I show you how deep the rabbit hole goes.

  

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spawn2k
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Mon Dec-15-14 10:56 AM

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12. "That kid probably used some sort of mathematical algorithim "
In response to Reply # 0


          

He goes to Stuyvesant which means he's way more intelligent than the average person.

men are so simple, and so subject to present necessities, that he who seeks to deceive will always find someone who will allow himself to be deceived. (c)Niccol Machiavelli

  

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cgonz00cc
Member since Aug 01st 2002
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Mon Dec-15-14 12:47 PM

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15. "such an algorithm is a unicorn"
In response to Reply # 12


  

          

  

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John Forte
Member since Feb 22nd 2013
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Mon Dec-15-14 12:48 PM

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16. "yeah, the market is not a rational actor"
In response to Reply # 15


          

  

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BabySoulRebel
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Mon Dec-15-14 12:12 PM

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14. "HE #1 AND YOU KNOW WHERE HE FROM"
In response to Reply # 0


  

          

QUEENS FTW

here for dis.

  

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PoppaGeorge
Member since Nov 07th 2004
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Mon Dec-15-14 01:34 PM

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17. "meh, been hearing stories like this since the 80's"
In response to Reply # 0


  

          

I'm not surprised one bit.

Also been hearing shit like the kid in Detroit that made a few hundred thousand building websites back in the early 90's. Duke was proud he was able to buy his parents the Jaguar they always wanted with cash.


---------------------------

forcing myself to actually respond to you is like bathing in ebola virus. - Binlahab

Like there is stupid, and then there is you, and then there is dead. - VAsBestBBW

R.I.P. Disco D

  

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RaFromQueens
Member since Apr 18th 2006
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Mon Dec-15-14 02:35 PM

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18. "People have whole careers making $$$ in the markets out of pure variance"
In response to Reply # 0


  

          

this kid is just a mega outlier.


Unless you're dumb enough to believe he possesses some skill that could replicate these results I guess.

---
"People that need positivity around them all the time are weak individuals in my book" - @lilduval

  

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Buddy_Gilapagos
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Mon Dec-15-14 02:41 PM

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19. "I'll say it. I don't believe it. And yes I am very familiar with Stuyv..."
In response to Reply # 0
Mon Dec-15-14 02:42 PM by Buddy_Gilapagos

  

          

But by merely picking stocks you can't get a return off of penny stocks without insider trading or fraud.

Only people like Madoff try to sell people on a dream like that.

Warren Buffet isn't doing this. them Billionaire Hudge fund cats aren't doing this.


Maybe if he started off with 50 million but not if he started off with a typical high school kids allowance.


**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson

http://blackpeopleonlocalnews.tumblr.com/

  

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John Forte
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Mon Dec-15-14 02:44 PM

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20. "The rich friends had to have put up daddy's money"
In response to Reply # 19


          

  

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Fishgrease
Member since Feb 13th 2006
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Mon Dec-15-14 03:35 PM

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21. "the story has Pump and Dump all over it---if it's to be believed at all...."
In response to Reply # 19


  

          

---------------------------------------
blog: www.wonderfullyhorrible.blogspot.com
instagram: Fishgrease
twitter: wooly_caesar
Podcast www.soundcloud.com/circlegang

  

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Buddy_Gilapagos
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Mon Dec-15-14 11:06 PM

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25. "Can I get my credit for openly calling BS before it was Debunked?"
In response to Reply # 19


  

          


**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson

http://blackpeopleonlocalnews.tumblr.com/

  

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Rjcc
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Mon Dec-15-14 11:39 PM

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29. "I guess? but it's so clearly impossible"
In response to Reply # 25


          


www.engadgethd.com - the other stuff i'm looking at

  

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initiationofplato
Member since Nov 06th 2013
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Mon Dec-15-14 03:59 PM

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22. "Debunked:"
In response to Reply # 0


          

http://factually.gizmodo.com/no-that-high-school-kid-didnt-make-72-million-trading-1671333433

  

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Rjcc
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Mon Dec-15-14 09:40 PM

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23. "that shit sounded impossible because it was"
In response to Reply # 0


          

http://observer.com/2014/12/exclusive-new-york-mags-boy-genius-investor-made-it-all-up/

now somebody explain to me how the problem here is that we believe rape victims too easily

www.engadgethd.com - the other stuff i'm looking at

  

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Buddy_Gilapagos
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Mon Dec-15-14 10:58 PM

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24. "huh?"
In response to Reply # 23


  

          


**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson

http://blackpeopleonlocalnews.tumblr.com/

  

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SeV
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Mon Dec-15-14 11:07 PM

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26. "lol the fuk??"
In response to Reply # 23


  

          

am I missing something?



but im banned tho.
____________

Dallas Cavericks LETS GO!!

  

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ConcreteCharlie
Member since Nov 21st 2002
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Mon Dec-15-14 11:26 PM

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27. "lmao, i was thinking the story was soooooo thin"
In response to Reply # 23


  

          

nothing about what the seed money was, where he got it, what he invested in, etc.

in this reporter the biggest fucking moron that ever walked? no, that title belongs to her editor.

And you will know MY JACKET IS GOLD when I lay my vengeance upon thee.

  

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Rjcc
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Mon Dec-15-14 11:29 PM

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28. "pretty much. who the fuck let this run?"
In response to Reply # 27


          


www.engadgethd.com - the other stuff i'm looking at

  

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legsdiamond
Member since May 05th 2011
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Mon Dec-15-14 11:56 PM

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30. "you are trapped in a worm hole"
In response to Reply # 23


          

  

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osu_no_1
Member since Feb 26th 2003
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Tue Dec-16-14 05:33 AM

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33. "tell me lies tell me sweet little lies"
In response to Reply # 23


  

          

http://youtu.be/kyE4CLM0QIA

  

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Binlahab
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Tue Dec-16-14 07:55 AM

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35. "damn...I feel sorry for the kid"
In response to Reply # 23


  

          

His parents are freaking out, his whole little world is scandalized over a dumb lie he told

#bummer

  

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Buddy_Gilapagos
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Tue Dec-16-14 08:12 AM

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36. "what's crazy is coming from Sty, he HAD his pick "
In response to Reply # 35


  

          

Of almost any college he wanted.

**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson

http://blackpeopleonlocalnews.tumblr.com/

  

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initiationofplato
Member since Nov 06th 2013
2420 posts
Tue Dec-16-14 10:29 AM

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37. "Came here to post this, lol"
In response to Reply # 23


          

  

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Starks dunked on Bulls
Member since Dec 07th 2011
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Tue Dec-16-14 12:02 AM

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32. "Binlahab come grab that L like you grab glazed turkey wings"
In response to Reply # 0


  

          

  

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Binlahab
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Tue Dec-16-14 05:56 AM

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34. "DOH! - h. j. simpson nm"
In response to Reply # 0


  

          

  

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