<- not impressed I've found from most that paper trading is the worst thing you can do for a financial education on so many levels.
Yea, nice numbers. But who will risk more than 100% of the account in order to get this kind of profits?. That's gambling rather than trading, this kind of stuff only feeds the stupid "american dream -in trading" where "average joe" believes this kind of profits can be made and they end with their accounts screwed.
This kid is a genius. I hope he comes to ET , we have so many bad traders , we need someone like him.
If he was really smart, he'd include a few exactas and triples from the Big A in his portfolio daily. Run that sucker to 1 billion in no time.
if he was smart he would have put all that money into risk free and started marketting/selling a news letter to "thestreet" crowd
btw, this is why the street always rewards balls. Reason Brian Hunter still in the biz (that another discussion, but anyway..). There is a fascination towards large quick gains. If the odds are 70% that you can double ur money in a year, you'll be amazed at the # of investors will risk losing big to get that probability. Almost anyone can make low steady consistent profits by reading a few books. There is a large pool of investors who are not intersted in that.