Story of the $72 million teen trader unravels

cnnmoney ^ | 12/15/14 | Tom Kludt

[Jonty30]

Anybody can give a Tedx talk. I didn’t find any restrictions on it when I searched for them.

[rrrod]

Naw...sell the reporter to arab slavers and be done with her.......

[GrandJediMasterYoda]

I was more like an investment gambler, completely out of my mind and drinking quite a lot. I daytraded and wanted to have huge returns so I would invest huge, I sometimes made a huge return but I also lost huge, I think the most I ever lost on one stock was $14,000 on a penny stock which was probably the most insane thing I ever did in my life when it came to money. I think the most I ever made on one trade was $8,000. It pretty much evened out, probably leaning more towards a loss. After Google I stopped and gave my money to a mutual fund, thank God I quit. But what I learned is the only way you ever lose is if you sell unless it’s some crap penny stock company. Every stock I ever bought always came back to the price I bought it at and went above. It could take a year or 10 years but it’s pretty impossible to lose money unless you sell. One example is Amazon I bought at 54 in 2004 and for two years all it did is go down and down and down and I was freaking out because 54 seemed like the highest possible price so like an idiot after those two years I sold at a loss. And what happened next? It went to 93 then dropped a bit then hit a high of 398. That’s why I tell people, never ever ever ever ever sell. Even if you have to keep that money in the stock for 20 years, never sell at a loss, never lose because that thing will always come back at a profit unless it’s some penny stock Al Gore bullsh*t company. Tegal (TGAL) is an example of that, they scammed the hell out of a bunch of investors using pump and dump, then skipped town

[T-Bone Texan]

"...I daresay you could throw a rock into a crowd in any Islamic country and hit at least 6 or 7 “Mohameds”...."

Well, we'll never know until we try!