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  • High school student scores $72 million playing stock market

    From nypost.com

    He’s the teen wolf of Wall Street. A kid from Queens has made tens of millions of dollars — by trading stocks on his lunch breaks at Stuyvesant High School, New York magazine reports in its Monday issue. Mohammed Islam is only 17 and still months away from graduating — but worth a rumored $72 million. “The high eight figures,” is as specific as the shy and modest teen would get when asked his net worth. Islam bought himself a BMW but doesn’t have a license to drive it. And he rented a Manhattan apartment, though his parents, immigrants from the Bengal region of South Asia, won’t let him move out of the ... (full story)

  • Post #1
  • Quote
  • Edited at 1:08am Dec 15, 2014 12:52am | Edited at 1:08am
"Mohammed Islam, 17, spent most of his lunch breaks at Stuyvesant High School in New York trading oil and gold futures, and small to mid-cap equities......"

Of course....it's certainly possible, no matter what ANYONE here says.......good on him

( http://www.stuff.co.nz/business/worl...-92m-in-a-year )
wonder what .01 cent stock he put his $10,000 into...
It's an innovating story to Forex beginners , don't give up , millions coming up
www.irancma.com
haha millions coming up or another trick of the big money to bring fresh meat on the markets...how about a paid puppet, some thunder news coming of their own media empires and a bit of newbie greed and envy and voala...next minute people are selling houses and business to get money for trading accounts...just another POW
"You learn more from your losses than from your gains"

Awesomeee
why would he buy a car he can't drive and rent a house he can't live in?
Quoting Gwan
why would he buy a car he can't drive and rent a house he can't live in?
cause moneyyy
Quoting Gwan
why would he buy a car he can't drive and rent a house he can't live in?
Afraid he might lose it again.
Sounds like he knows something you guys don't.
He probably acquired all of his skills and talents from the gurus here at Forex Factory.....
  •  Guest
  • | IP XX.XXX.185.181
Completely pawned the high school kid from last week who only made $300k. Can't wait for next's week's billionaire middle school trader!
Quoting thegmann
wonder what .01 cent stock he put his $10,000 into...
It says small - mid cap stocks... not penny stocks, if you can get the difference.
Quoting speculant
haha millions coming up or another trick of the big money to bring fresh meat on the markets...how about a paid puppet, some thunder news coming of their own media empires and a bit of newbie greed and envy and voala...next minute people are selling houses and business to get money for trading accounts...just another POW
... and the aliens are out to get you right??
These stories seem to turn up ever year or so, some kid buys the right penny stock and makes a fortune and proceeds to think hes a market genius. Not hating on him but its basically gambling. Glad he won though.
like every other skill..if u start early age ,it can work wonders..
Every week someone wins at lottery,so...?
Quoting speculant
haha millions coming up or another trick of the big money to bring fresh meat on the markets...how about a paid puppet, some thunder news coming of their own media empires and a bit of newbie greed and envy and voala...next minute people are selling houses and business to get money for trading accounts...just another POW
It would make sense...
Quoting Citiboy
These stories seem to turn up ever year or so, some kid buys the right penny stock and makes a fortune and proceeds to think hes a market genius. Not hating on him but its basically gambling. Glad he won though.
“I had been paralyzed by my loss,” Islam remembered of his 9-year-old self.
“But [Tudor Jones] was able to go back to it, even after losing thousands of dollars over and over,”
I actually created an account just for this question, isn't it pretty difficult for someone under 18 to start trading? Personally as a minor myself I enjoy trading with the demo accounts, but I can't trade myself using real money. So correct me if I am wrong, but he opened an account under his parents then?
why my gut feeling cry havoc when I read such stories..
Quoting JBrinkhof
I actually created an account just for this question, isn't it pretty difficult for someone under 18 to start trading? Personally as a minor myself I enjoy trading with the demo accounts, but I can't trade myself using real money. So correct me if I am wrong, but he opened an account under his parents then?
I'm wondering that too.
  •  Guest
  • | IP XXX.X.41.223
it's a hoax CNBC reports! christmas joke...LOL
*********Flash News**********************

Mohammed Islam was a member of leader investment club. The club leader talked to him and reported that the figures reported by the media were hyped :


http://leadersinvestmentclub.com/201...ohammed-islam/
Never-the-less: " However, Mohammed provided bank statements that showed he is worth eight figures; he confirmed on the record that he's worth eight figures"


http://www.cnbc.com/id/102269980
he has the worst possible name to live in a city like new york
currently he has thee worst possible name to live in any city
ahahahahhah a FAKE LMAO in other news NVGN Went up 200% today Making me som cash-money
  • Post #29
  • Quote
  • Edited at 3:04pm Dec 19, 2014 2:42pm | Edited at 3:04pm
This kid is a fake this is a copy of the report and proven to be complete and closed.


17-year-old Stuyvesant High School student has made millions trading stocks on his lunch break.
Photo: Chad Rachman

Mohammed Islam has since admitted he lied to New York Magazine and did not make any money on the stock market, an Observer interview reveals. New York magazine has retracted the story and apologized.
  •  Guest
  • | IP XXX.XX.42.117
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  • Story Stats
  • Posted: Dec 15, 2014 12:47am
  • Submitted by:
     Newsstand
    Category: Entertainment News
    Comments: 29  /  Views: 10,577