Connor Bruggemann is a self-taught stock trader who gained interest in shares while he was still in school. He started online trading from school over his phone and tablet. Such was his passion for trading that he often skipped school to trade stocks. By the time he reached the age of 18, he already turned his few thousand dollars into a handsome amount greater than $360,000 by trading stocks. All this happened because of Connor’s smart online trading.
By the time he reached the age of 18, he already turned his few thousand dollars into a handsome amount greater than $360,000 by trading stocks. All this happened because of Connor’s smart online trading.
Opening an Online Trading Account
Connor Bruggemann’s journey in the stock market started after his father opened an online trading account for him when he was 15. He started with $9,700 which he earned by working as a bus boy and a waiter at a local restaurant. He was able to save this amount by working hard for two years. Initially, Connor used that amount to purchase some big, well-known stocks, such as Apple, Verizon, and a few others.
In a few months time, he was successful in turning $9,700 into $95,000. However, he didn’t have any strategy at that time and followed what few members of a community suggested him. Soon lack of proper strategy cost him a loss of $40,000 by March 2014.
Purchasing a penny stock selling for $.003 a share turned out to be great decision
Connor liquidated his positions in big shot stocks and put almost everything he had into American Community Development Group Inc. (NYSE: ACYD), a penny stock selling for $.003 a share. It was his first big trade. The company was an industrial grade wireless equipment manufacturer for municipal Wi-Fi systems. After the company’s CEO’s announcement that it would buy back shares of the company to try and spur the price towards 1 cent per share, Connor purchased few million shares of AYCD at a price of $0.003 per share. Four days after his purchase, the company officially announced its share buyback program, following which the stock price began to climb. By October that year, the price per share rose to 6 cents which was almost 20 times the amount Connor paid for the shares. His portfolio was worth $200,000 by then. He sold off most of the shares in December, by which time the stock was down to 4 cents.
Connor’s present portfolio is worth more than $360,000. And, the most amazing part of the story is he did most of the online trading activities from school either on his iPhone or a tablet!
Also Read: How you can Make Money in Stock Market!
Learning from the mistakes
Connor Bruggemann’s biggest loss ever came when he lost $40,000 in March 2014. It was highly devastating for the young trader since he lost almost half of his account then. Connor learnt from his failures which is a sign of a good trader, and every good trader makes sure that they don’t repeat the same mistakes again!
Presently, Connor runs a company where he teaches online trading to others and passes on several relevant information on penny stocks. His story is truly inspiring!