20 Year Old Turns $20 into $20 Million Trading Stocks in 20 Days

Stock trading millionaire student after
a long day of trading

A San Diego, California based 20 year old student named William Mendax had saved up $20 from his part time student job working in the cafeteria at San Diego State University, and decided to put his money to work. He is a business major and has been doing a lot of studying of the stock market, so he decided to try his hand at trading.

After only twenty business days, he turned his $20 initial investment into an amazing $20,000,000, all from just trading stocks. He has decided to quit college and retire.

He did it by first investing in 2000 shares of a stock with the symbol FICT at a penny a share, which later jumped to $1.25 per share, generating proceeds of $2,500.

He took that money and bought 10,000 share of YWVU at 25 cents per share. When he sold out at 4.50 per share, he garnered $45,000.

With those proceeds, he invested in 30,000 shares of ABAD for $1.50, and was able to sell out at $3.30 per share which gave him slightly less than $100,000.

He took the $99,000 proceeds and bought his first higher priced shares. He paid $12 per share for 8,250 shares of VANUS. The stock rose to $18.50 per share, giving him $152,625.

At that time, he decided to go back to trading the lower priced stocks, so he used his proceeds to buy 1,526,250 shares of PERX at 10 cents per share. Fortunately for him, the stock rose to 90 cents per share. This now provided him with working capital of $1,373,625.

Finally, he bought 45,787,500 shares of IAPR at three cents per share, which shortly spiked to 44 cents per share, ending up with $20,146,500. Not to shabby for four weeks work.

Disclosure: Author didn't own any of the above stocks at the time the article was written. Please note the date of this article.

Follow-Up on Ambarella

A couple days ago, on Sunday, January 4, 2015, I posted an article about Ambarella (AMBA), the company that makes video chips for cameras. If you had bought the stock Monday morning on the opening, you would have paid 51.09. If you were a day trader and held until the end of the day when the stock closed at 50.67, you would have been down 42 cents per share. Not too bad since the Dow Jones Industrial Average was down over 330 points for the day. Ambarella held up pretty well.

However, if you were watching the stock yesterday, and you were a day trader, you had plenty of opportunity to get out at a much higher price than the opening. The stock traded at 51.50 to 51.75 during much of the day and traded as high as 52.11.

If you were an overnight trader, you would have made out like a bandit today as the stock was up 4.36% for the day or up 3.5% from yesterday's open to the close today at 52.88.

Ambarella is still a solid play for the long term. I have a short put position on the stock (in other words, I am long the stock). If you are looking for other stock ideas, check out the numerous stock lists at WallStreetNewsNetwork.com.

By Stockerblog.com