17 Year Old Stock Trader . AMA

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SchmuckOff
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#1
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#1
I'm a 17 year old equities and forex trader . (Not a scammer)
Ask me anything
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Hannah0505
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#2
Whats that ? And how much money do you make
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Gent2324
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#3
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#3
people under 18 cant buy or sell stocks
/thread
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SchmuckOff
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#4
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(Original post by Hannah0505)
Whats that ? And how much money do you make
I trade equities (companies and national indexes) and forex (currency)
I tend to make around £300-£400 a month depending on the month
However not all months are profitable
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_dil_
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How much money did you invest and what in to?
How much money did you make?
Your ********ting right?
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SchmuckOff
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(Original post by Gent2324)
people under 18 cant buy or sell stocks
/thread
Yes .
Unless you do it in your mums name
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_dil_
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(Original post by Gent2324)
people under 18 cant buy or sell stocks
/thread
they can with permission from guardian
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SchmuckOff
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#8
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(Original post by _dil_)
How much money did you invest and what in to?
How much money did you make?
Your ********ting right?
As previously stated
I trade equities (companies and national indexes) and forex (currency)
I tend to make around £300-£400 a month depending on the month
However not all months are profitable

My initial deposit was £1000 . Of this I lost £400 in the first 3 months .
Never looked back since
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Gent2324
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(Original post by _dil_)
they can with permission from guardian
no they cant it has to all be in the guardians name
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Hannah0505
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#10
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(Original post by SchmuckOff)
I trade equities (companies and national indexes) and forex (currency)
I tend to make around £300-£400 a month depending on the month
However not all months are profitable
I'm so confused and have no idea what you're talking about but well done for making that much at 17
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SchmuckOff
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(Original post by Hannah0505)
I'm so confused and have no idea what you're talking about but well done for making that much at 17
Thank you
Equities are like pieces of a pie .
I can buy shares in Coca Cola
That is an example of an equity purchase
Hope that helps
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SchmuckOff
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(Original post by Gent2324)
no they cant it has to all be in the guardians name
Affirmative . All purchases and transactions are made in my mothers name
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Gent2324
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(Original post by SchmuckOff)
Affirmative . All purchases and transactions are made in my mothers name
yea that makes sense. I wanted to trade under 18 but parents didn't want to do it in terms of taxes etc and they couldn't be bothered.
you holding anything for earnings ?
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SchmuckOff
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(Original post by Gent2324)
yea that makes sense. I wanted to trade under 18 but parents didn't want to do it in terms of taxes etc and they couldn't be bothered.
you holding anything for earnings ?
I've recently sold off a majority of my positions that I bought in the 'Corona dip'
Expecting markets to drop 3-5% in the not to distance future before continuing to ATH's
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Gent2324
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(Original post by SchmuckOff)
I've recently sold off a majority of my positions that I bought in the 'Corona dip'
Expecting markets to drop 3-5% in the not to distance future before continuing to ATH's
I sold all my airlines a few weeks back right before they started to dip again. I think FTSE 100 will be on a slow decline over the next couple years and generally most UK stocks are dogshit right now apart from PZ cussons which could be interesting.

what's your best stock ATM ? mine was royal Caribbean up 160% but sold that so it's now zoom at 50%. the rest of my portfolio hasn't been doing too well recently but my big stock I'm holding is whitbread , I think they will start to rise soon
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SchmuckOff
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(Original post by Gent2324)
I sold all my airlines a few weeks back right before they started to dip again. I think FTSE 100 will be on a slow decline over the next couple years and generally most UK stocks are dogshit right now apart from PZ cussons which could be interesting.

what's your best stock ATM ? mine was royal Caribbean up 160% but sold that so it's now zoom at 50%. the rest of my portfolio hasn't been doing too well recently but my big stock I'm holding is whitbread , I think they will start to rise soon
yeah lol
FTSE is a worthless piece of ****
My biggest bagger was SHOP and TSLA
I sold them a bit earlier but more than a happy with 200% returns
Currently still holding $V and $PFE which are both up
Alongside having an investment portfolio , I regularly trade forex to get some 'side income'
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Mojmeer
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You cannot do that as a minor.
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SchmuckOff
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#18
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(Original post by Mojmeer)
You cannot do that as a minor.
Haven't heard this one before
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lhh2003
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#19
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What books did you use to learn ? Also, what indexes do you follow ?
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Mojmeer
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#20
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(Original post by SchmuckOff)
Haven't heard this one before
That's why you created this BS AMA. Maybe, first, you should look into how fees are structures with pretty much all legit brokers, maybe also google execution lag, minimum order size, etc. before you start posting trash like this.
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