Author: Penny Stock Millionaire
I had a slightly different college experience: skipping classes in favor of trading penny stocks every day, I turned $12,415 in Bar Mitzvah gift money into $2 million and started a hedge fund during my senior year. I also created a scholarship for talented/passionate people open not only to current Tulane students, but also Tulane faculty and alumni…an economic bailout ahead of its time.
My hedge fund went on to become the #1 ranked short bias fund by Barclays for 3 years and I was named to Trader Monthly’s ‘Top 30 Under 30′ in 2006, but my trading strategy was never very scalable (meaning it’s much easier for me to make $10,000 than it is $10 million) and my fund lost 35% when I tried investing instead of trading.
Infinitely wiser but embarrassed and depressed, a TV producer asked me to make an appearance in his upcoming documentary “Wall Street Warriors”…I had lost my confidence and credibility so I said sure and ended up starring in 5 of the 6 episodes of the hit first season, which you can watch on Hulu, now having aired in 14 countries and followed by 2 more seasons (Wall Street Warriors Season 3 was filmed but as of early 2010 has not aired).
The show’s popularity inspired hundreds of daily emails from fans wanting to know more about me and my trading strategy, but as a hedge fund manager, I was not allowed to answer any of them. So I said “screw you!” to the restricted hedge fund industry, wrote openly about my experiences in my best-selling autobiography “An American Hedge Fund” and started a publishing company to create brutally honest & educational financial newsletters and instructional DVD packages.
I’ve been featured by every major business and financial media outlet, but I am infinitely prouder of having returned to my $12,415 Bar Mitzvah gift money roots, intent on repeating my feat of turning that into $1.65 million, this time detailing every step of the way on this website.
2,200 blog posts and 27 months into this challenge, my account has surged to $115,551, already providing you with a rough blueprint of how to turn $12k into $100k in 2 years and making me the #1 ranked trader out of 45,000+ on Covestor, a website which verifies trades and performance…and nearly 1/5 of the top traders are my TIMalert subscribers and PennyStocking DVD students!
Battling against those in finance who misinform and lie, I’ve made enemies with soulless penny stock promoters, certain CNBC commentators, penny stock promoters who pretend to be FOX News commentators and wholly imbecilic people.