" this kid doesn't even know what the dot com bubble was, was too young to remember the start of the private equity bubble..." Does it matter? He makes money! And he can use the money to make his life better.
When you're still keeping your money in the market, you don't really HAVE the money. We don't know how much risk he takes, he might lose 75% of his funds in a day. Not saying that he isn't smart but articles like this usually pander to the simple folk.
We have no idea what his position sizing is. He could be oversizing big time. I seriously doubt he's shorting anything, not even during his sim training. I love how the author is wowed by his first trade (8th grade math class). He bet on a metals company and his dad runs a scrap metal business. I think Dad gets the credit for that trade, not the kid.
A ha. So 4 years ago he picked a small dollar or penny stock that had a big return ... instead of Apple - that soon became the largest market cap stock in the world. Post 6 for 1 split went from $50 to $130 Genius. They should assign the reporter the Bruce + Kardashian "Krew".
The news loves young kid stories ops: -- you'll never see an article about a 34yr old sixtupling his money.