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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)

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  • Comment #1
  • Quote
  • Edited 1:08am Dec 15, 2014 12:52am | Edited 1:08am
  •  realjumper
  • Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 536 Comments
"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/world/64173198/New-York-teen-makes-92m-in-a-year )
Doing what you like is Freedom. Liking what you do is Happiness.
 
 
  • Comment #2
  • Quote
  • Dec 15, 2014 12:57am Dec 15, 2014 12:57am
  •  thegmann
  • | Joined Jun 2014 | Status: Member | 40 Comments
wonder what .01 cent stock he put his $10,000 into...
 
 
  • Comment #3
  • Quote
  • Dec 15, 2014 1:14am Dec 15, 2014 1:14am
  •  Memosniper
  • | Joined Nov 2014 | Status: Junior Member | 6 Comments
It's an innovating story to Forex beginners , don't give up , millions coming up
 
 
  • Comment #4
  • Quote
  • Dec 15, 2014 1:42am Dec 15, 2014 1:42am
  •  nima_azadi
  • Joined Jun 2007 | Status: Member | 2 Comments
www.irancma.com
 
 
  • Comment #5
  • Quote
  • Dec 15, 2014 2:25am Dec 15, 2014 2:25am
  •  speculant
  • | Joined Dec 2009 | Status: Member | 21 Comments
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
 
 
  • Comment #6
  • Quote
  • Dec 15, 2014 2:51am Dec 15, 2014 2:51am
  •  Au.trader
  • | Joined Nov 2014 | Status: Ignorance is strength | 5 Comments
"You learn more from your losses than from your gains"

Awesomeee
The master knows exactly the right time to do nothing.
 
 
  • Comment #7
  • Quote
  • Dec 15, 2014 4:46am Dec 15, 2014 4:46am
  •  Gwan
  • | Joined Feb 2007 | Status: Small is beautifull | 156 Comments
why would he buy a car he can't drive and rent a house he can't live in?
 
 
  • Comment #8
  • Quote
  • Dec 15, 2014 5:34am Dec 15, 2014 5:34am
  •  thegmann
  • | Joined Jun 2014 | Status: Member | 40 Comments
Quoting Gwan
Disliked
why would he buy a car he can't drive and rent a house he can't live in?
Ignored
cause moneyyy
 
 
  • Comment #9
  • Quote
  • Dec 15, 2014 6:05am Dec 15, 2014 6:05am
  •  Bakker
  • Joined Jun 2011 | Status: Member | 2734 Comments
Quoting Gwan
Disliked
why would he buy a car he can't drive and rent a house he can't live in?
Ignored
Afraid he might lose it again.
 
 
  • Comment #10
  • Quote
  • Dec 15, 2014 7:25am Dec 15, 2014 7:25am
  •  dpdynamics4x
  • | Joined Jun 2012 | Status: Member | 1 Comment
Sounds like he knows something you guys don't.
 
 
  • Comment #11
  • Quote
  • Dec 15, 2014 7:44am Dec 15, 2014 7:44am
  •  Schminner
  • | Joined Jun 2007 | Status: Member | 180 Comments
He probably acquired all of his skills and talents from the gurus here at Forex Factory.....
 
 
  • Comment #12
  • Quote
  • Dec 15, 2014 7:58am Dec 15, 2014 7:58am
  •  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!
 
 
  • Comment #13
  • Quote
  • Dec 15, 2014 8:54am Dec 15, 2014 8:54am
  •  jw1981
  • | Joined Nov 2012 | Status: Member | 323 Comments
Quoting thegmann
Disliked
wonder what .01 cent stock he put his $10,000 into...
Ignored
It says small - mid cap stocks... not penny stocks, if you can get the difference.
 
 
  • Comment #14
  • Quote
  • Dec 15, 2014 8:55am Dec 15, 2014 8:55am
  •  jw1981
  • | Joined Nov 2012 | Status: Member | 323 Comments
Quoting speculant
Disliked
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
Ignored
... and the aliens are out to get you right??
 
 
  • Comment #15
  • Quote
  • Dec 15, 2014 9:06am Dec 15, 2014 9:06am
  •  Citiboy
  • Joined Feb 2011 | Status: building a shortfolio | 111 Comments
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.
Twitter: @TrendersGame
 
 
  • Comment #16
  • Quote
  • Dec 15, 2014 9:13am Dec 15, 2014 9:13am
  •  amri4us
  • | Joined Apr 2014 | Status: Junior Member | 1 Comment
like every other skill..if u start early age ,it can work wonders..
 
 
  • Comment #17
  • Quote
  • Dec 15, 2014 9:29am Dec 15, 2014 9:29am
  •  adr201
  • | Joined Jul 2014 | Status: Member | 3 Comments
Every week someone wins at lottery,so...?
 
 
  • Comment #18
  • Quote
  • Dec 15, 2014 10:34am Dec 15, 2014 10:34am
  •  Daimari
  • | Joined Sep 2014 | Status: Member | 5 Comments
Quoting speculant
Disliked
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
Ignored
It would make sense...
Daily progress produces consistent growth
 
 
  • Comment #19
  • Quote
  • Dec 15, 2014 10:51am Dec 15, 2014 10:51am
  •  jasakreatif
  • Joined Feb 2011 | Status: Member | 13 Comments
Quoting Citiboy
Disliked
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.
Ignored
“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,”
 
 
  • Comment #20
  • Quote
  • Dec 15, 2014 12:18pm Dec 15, 2014 12:18pm
  •  JBrinkhof
  • | Joined Dec 2014 | Status: Junior Member | 1 Comment
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?
 
 
  • Comment #21
  • Quote
  • Dec 15, 2014 12:31pm Dec 15, 2014 12:31pm
  •  FX-Ray
  • Joined May 2011 | Status: [Forex]X-Ray | 15 Comments
why my gut feeling cry havoc when I read such stories..
 
 
  • Comment #22
  • Quote
  • Dec 15, 2014 1:06pm Dec 15, 2014 1:06pm
  •  mvp77
  • | Joined Jul 2012 | Status: Member | 29 Comments
Quoting JBrinkhof
Disliked
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?
Ignored
I'm wondering that too.
 
 
  • Comment #23
  • Quote
  • Dec 15, 2014 2:09pm Dec 15, 2014 2:09pm
  •  Guest
  • | IP XXX.X.41.223
it's a hoax CNBC reports! christmas joke...LOL
 
 
  • Comment #24
  • Quote
  • Dec 15, 2014 5:09pm Dec 15, 2014 5:09pm
  •  Daimari
  • | Joined Sep 2014 | Status: Member | 5 Comments
*********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/2014/12/15/statement-regarding-mohammed-islam/
Daily progress produces consistent growth
 
 
  • Comment #25
  • Quote
  • Dec 15, 2014 5:46pm Dec 15, 2014 5:46pm
  •  realjumper
  • Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 536 Comments
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
Doing what you like is Freedom. Liking what you do is Happiness.
 
 
  • Comment #26
  • Quote
  • Dec 16, 2014 5:49am Dec 16, 2014 5:49am
  •  Sacred Cut
  • | Joined Feb 2014 | Status: Member | 5 Comments
he has the worst possible name to live in a city like new york
 
 
  • Comment #27
  • Quote
  • Dec 16, 2014 7:35am Dec 16, 2014 7:35am
  •  xdj3richo
  • | Joined Mar 2014 | Status: Work Hard , Sell Fast | 31 Comments
currently he has thee worst possible name to live in any city
 
 
  • Comment #28
  • Quote
  • Dec 16, 2014 2:59pm Dec 16, 2014 2:59pm
  •  cash-money
  • | Joined Nov 2014 | Status: Fast Pips 4x | 10 Comments
ahahahahhah a FAKE LMAO in other news NVGN Went up 200% today Making me som cash-money
Mr. K
 
 
  • Comment #29
  • Quote
  • Edited 3:04pm Dec 19, 2014 2:42pm | Edited 3:04pm
  •  Seabreeze
  • | Joined Aug 2011 | Status: Trader | 1 Comment
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.
Thank You James16, Fijitrader, Dialist, Mbqb11, ghous, Pinbar and Jarroo
 
 
  • New Comment
  •  Guest
  • | IP XX.XXX.239.1
Join FF
  • Story Stats
  • Posted: Dec 15, 2014 12:47am
  • Submitted by:
     Newsstand
    Category: Entertainment News
    Comments: 29  /  Views: 11,629
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