Does the thought of investing in the stock market scare you? Many horror stories plaguing the stock market are about average investors losing more than half their portfolio in a bear market. If you want to build your net worth efficiently, you need to approach investing with discipline.
Some of the youngest successful stock traders in the world are Ashu Sehrawat, Curtis Knee, Katherine Chan, Brandon Fleisher, and Justin Brosseau. Age is but an insignificant number when it comes to stock trading. Anyone can be successful at trading regardless.
This article will highlight some of the youngest stock traders that are making huge impacts on the market. It will also highlight some techniques that they use to trade.
IMPORTANT SIDENOTE: I surveyed 1500+ traders to understand how social trading impacted their trading outcomes. The results shocked my belief system! Read my latest article: ‘Exploring Social Trading: Community, Profit, and Collaboration’ for my in-depth findings through the data collected from this survey!
Table of Contents
5 Youngest Stock Traders To Watch
Ashu Sehrawat
At only 22 years old, the self-made millionaire has created a name for himself as one of India’s top stock traders. He enjoys day trading and swing trading but still tries to explore other trading styles. Ashu Sehrawat took a keen interest in trading at 18 when he saw his father making money from stocks. His father would use a typical buy and hold strategy that would make him some extra profit.
Later on, Ashu did extensive research on trading stocks, opened a trading account, and joined a penny stocks chat room. It was there that he learned how to buy breakouts. However, when the strategy was not working for him, he changed his approach to short selling. His first trade made him a profit. However, once he decided to short frequent stocks, he realized he did not have good results to show.
When he started to be very selective on the stocks to short, he did see great results. During the whole learning phase of trial and error, he learned to maximize the profits as a short-biased trader, you need to be patient and very selective. Today, he runs a trading blog where he gives new traders trading tips and his market experience.
Curtis Knee
The 21-year-old investor began trading at the age of 13 after watching the news. He was watching the business segment when the different quotes from various markets hooked him. Curtis Knee considers himself to be a value investor. He does not frequently trade since he feels that fair trade should make him money.
When Curtis does trade, he only invests in companies with a good understanding of how they operate and those with their books in order. For example, he only trades stocks of companies with growing assets and declining debts. Also, he trades in companies with responsible management. Good management ensures that a company functions properly.
The biggest trading failure Curtis faced was investing in an oil company without doing any homework. It was just before the oil crash, and he lost his investment. Since then, Curtis does plenty of research on a company using its price to earnings to know if they are overvalued or undervalued. He also avoids investing in companies that rely on government handouts to survive.
Below is a video on how to find a good company to invest in:
Katherine Chan
Katherine Chan began her career with a front-row seat of a financial crisis. Before graduating from Harvard with a degree in linguistics and mind, brain, and behaviors in 2007, she took an internship with the global energy division of Credit Suisse Group. Here, she worked full time in the summer of 2008; she got lucky to be in time to see the market hit a record high and then suddenly began crushing down.
Through her experience at the internship, she found a chance at Vora Capital Management based in New York. This startup was worth $25 million that has since developed into a $1.5 billion firm focused on leisure and gaming. She later built the basis for her buy-side knowledge, which she utilizes as a co-founder and senior analyst at Anandar Capital Management.
Today, Katherine Chan works on nurturing young women in the trade and guaranteeing they get acquaintance and the mentorship they need to compete.
Brandon Fleisher
Brandon Fleisher is a 22 years old investor who converted $48,000 to $147,000 at the age of 17 while still a high school senior. It is an incredible feat at his age that many can only wish to accomplish. Fleisher was introduced to investing in stock through a fun exercise in a math class while still in middle school. Later on, he decided to learn all he could learn about stock investments by reading many books about the topic.
He would also read through company reports and SEC reports to learn what he did not know. When he saw great returns from a virtual account on Market Watch, he asked his parents to invest in him. They co-signed a portfolio worth $48,000 of their savings.
Within two years, he was able to grow the money three times. Fleisher prefers to invest in small companies with more time to grow and have a set direction of where the company is heading. After carefully analyzing a company and ensuring that it meets his requirement, he invests in it for about 6 to 8 months.
He avoids making investments by following others’ sentiments, especially friends, and holds out on stock even when it continually fluctuates up and down. According to Fleisher, if you are new to stock trading, you should learn how to do research rather than doing research.
Justin Brosseau
The millennial made news headlines back in 2015 when he raked in an almost 250% return on his stock investment. At the time, Justin was only 16 years of age when he put his life savings of $650 into three stocks; United Airlines (UAL), Citi (C), and GE (GE).
Considering he was still a teenager at the time, the returns were a lot for someone his age. He then decided to invest more, and by the time he was 23 years, he had grown his portfolio by 19 times, making it worth $12,300.
Justin’s interest in stock trading began in his sophomore year at Neuqua Valley High School. His teacher had given them the assignment to create mock stocks. For the project, Justin picked United Airlines, which he studied its finances till he felt comfortable with it.
He then convinced his dad to co-sign with him a Scottrade account and bought United shares at $4 a share in 2009. He sold the stake in 2014 at $41. Justin prefers long term trading. First, he conducts extensive homework on the company by considering yardsticks like profits, sales, and earnings per share. He also considers the company’s capital spending to give a measure of its future.
According to Justin, there is always a “win some and lose some situation;” keeping in mind that he invested in other companies apart from Netflix (NFLX), Apple (AAPL), and Disney (DIS), but did not fare too well.
Author’s Recommendations: Top Trading and Investment Resources To Consider
Before concluding this article, I wanted to share few trading and investment resources that I have vetted, with the help of 50+ consistently profitable traders, for you. I am confident that you will greatly benefit in your trading journey by considering one or more of these resources.
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Conclusion
If you are just getting into the investment world, you should look up to these top 5 millennial investors as you make your career path. The stock market can be very volatile. But if such millennials can kickstart their investing careers while being so young, anyone can do it.
While there is no exact secret to stock trading, you need to get through it with plenty of discipline. Avoid looking for shortcuts and do some groundwork. Although some personal tips from friends can sound compelling, you should ignore them and stick to doing personal homework on the best companies.
BEFORE YOU GO: Don’t forget to check out my latest article – ‘Exploring Social Trading: Community, Profit, and Collaboration’. I surveyed 1500+ traders to identify the impact social trading can have on your trading performance, and shared all my findings in this article. No matter where you are in your trading journey today, I am confident that you will find this article helpful!
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