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Started By
Message
re: How a 20-year-old USC student netted $110m from a Bed Bath & Beyond stock dump at exactly
Posted on 8/19/22 at 2:53 pm to BioBobcat
Posted on 8/19/22 at 2:53 pm to BioBobcat
quote:
I also use my TD Ameritrade account to sell 100 million dollars worth of stock.
I guess it wouldn’t totally surprise me that people have this much money in a basic TD Ameritrade account, but at the same time it just seems like the wrong tool for such large transactions.
One of the big brokerages are probably the best place to keep it because SIPC only covers $500k. TD Ameritrade handles over a trillion dollars in assets so it's about as rock solid as you can get. Plus, if you have large amounts of money they go out of their way to give you a premium customer service experience.
0
Posted on 8/19/22 at 3:31 pm to Shepherd88
quote:
$25 million he raised from friends and family.
Rich people gambling. Film at 11.
Posted on 8/19/22 at 6:28 pm to Shepherd88
He needs to retire now or go become a doctor or an attorney. He will probably never live up to this again if he becomes a trader.
Posted on 8/19/22 at 8:22 pm to GetBackToWork
He raised 25 million from family and friends. When I was 20 I was happy to raise 25 dollars for a bar tab.
Posted on 8/19/22 at 9:14 pm to Shepherd88
College student was able to make 110m from a stock after a small loan of 25m from friends and family.
Posted on 8/19/22 at 9:23 pm to umrebel2009
The real story is that everything Cohen touches is gold.
Posted on 8/19/22 at 10:41 pm to Shepherd88
Every response to this is negative. How negative can one get. Who cares
Posted on 8/20/22 at 12:33 am to Shepherd88
Reminds me of the old Steve Martin joke from his standup days:
“Listen carefully - I’m about to reveal to you the secret on how to become a millionaire…
First, get a million dollars. THEN…”
“Listen carefully - I’m about to reveal to you the secret on how to become a millionaire…
First, get a million dollars. THEN…”
Posted on 8/20/22 at 12:10 pm to touchdownjeebus
quote:
squander away a large portion of said money on hookers and blow
Squander?
Posted on 8/20/22 at 12:19 pm to EA6B
(no message)
This post was edited on 8/29/22 at 11:31 am
Posted on 8/20/22 at 9:54 pm to Shepherd88
A friend did the math and he couldn't come up to no where near what this kid made. I'm calling BS on it based on math.
Posted on 8/22/22 at 1:42 pm to BioBobcat
quote:
TD Ameritrade account, but at the same time it just seems like the wrong tool for such large transactions.
TD Ameritrade has over a Trillion dollars of assets. Where would you recommend one putting large sums of money??
I guess Sig Sauer isn't the right tool for a sidearm?
Is Pizza Hut the right tool for generic, bargain Pizza?
Hell, Is Walmart a good tool for purchasing toilet paper?
Geezus.
Tell me you know nothing about investing without telling me you know nothing about investing.
This post was edited on 8/22/22 at 1:44 pm
Posted on 8/22/22 at 1:55 pm to BioBobcat
quote:
I also use my TD Ameritrade account to sell 100 million dollars worth of stock. I guess it wouldn’t totally surprise me that people have this much money in a basic TD Ameritrade account, but at the same time it just seems like the wrong tool for such large transactions.
He put $25MM into BBBY stock. He’s just screwing around
Posted on 8/22/22 at 1:56 pm to kywildcatfanone
Read somewhere the kids uncle was a broker. Bet he got a good tip from him 
Posted on 8/22/22 at 2:03 pm to Upperdecker
Thinkorswim by Ted ameritrade is one of the most efficient for day trading and stock options.
I’m super excited he’s going to be working with Mind medicine next, it’s a mushroom company out of NYC. I’ve been snapping that up .59 to .79 for the past 6 months. It had a small run to 1.25$ the other day when his name was tagged to it.
ETA stock ticker $MNMD, I’ll be back in at .75
I’m super excited he’s going to be working with Mind medicine next, it’s a mushroom company out of NYC. I’ve been snapping that up .59 to .79 for the past 6 months. It had a small run to 1.25$ the other day when his name was tagged to it.
ETA stock ticker $MNMD, I’ll be back in at .75
This post was edited on 8/22/22 at 2:05 pm
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