*Update on 11/2/15 check out my first day in Connors chatroom – very profitable trade that he alerted! You can see my blog post of the trade HERE*
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This weekend I interviewed Connor Bruggeman who is a 17 yr old who has turned $9,700 into $340,000 trading pennystocks in just 1.5 yrs. Not only is he obviously a brilliant trader who trades part time from school, he is also a really genuine and nice guy. He also has a fantastic chatroom where he teaches others to trade his strategy with particular focus on trading part time on the go from your smart phone! For more information check out his page HERE
Russell: Tell us a little bit about yourself and your life outside of stock trading?
Connor: Really nothing too crazy despite trading I still live a fairly normal life outside of trading with my friends as I’m still a senior in high school. So enjoy hanging out with friends, going into New York, watching movies, etc. Totally a regular person outside of stock trading and a regular 17 year old kid with a whole other side!
Russell: How did you get started on your stock trading journey and how long have you traded for?
Connor: My dad got me interested in it after working my first job from my freshman year of high school as a bus boy. After working for over 2 years I managed to save up $9,700 and invest in safer, dividend yielding stocks. Really got interested in penny stocks and began trading those in September of 2013, which was my JR year of HS, really had a lot of success with a ticker out of the gate, made $92,000 by December of 2013, then LOST $40,000 and was down to $52,000 in March of 2014, and one year later sitting up $340,000 in profits (verified record of all my trades) trading for 1.5 years.
Russell: Your verified profit.ly chart is very impressive! – can you tell us what account size you started with, how you determine your position sizing and how you manage risk?
Connor: Thanks! I started with $9,700 but only trade with $30,000 to begin each month which was enforced by my dad because he wants my profits protected as he is a money manager himself. So he instilled these values into me to be a conservative trader, manage risk and then allow the gains to follow. I used to be crazy and not worry about managing risk and position sizing because frankly I was a dumb 16 year old kid. I determine my position sizing based on the risk vs reward of each trade I enter, I always stress trading high probability setups and cutting loses very quickly!
Russell: Can you tell us a little bit about your core trading strategy? For example, Is your strategy primarily momentum swing trades? Do you daytrade, scalp or short ?
Connor: I trade bottom bouncers so I’m mainly going long on my positions, I can be a bit of a scalper, but also focus on multi day swing trades as well playing daily chart setups, but will also day trade and scalp some setups when they present themselves, but all depends on what my day looks like as I trade on my iPhone from school!
Russell: I was wondering what are the trading smartphone apps that you use to trade at school?
Russell: What would be your number one tip to beginners just starting out?
Connor: Work you butt off studying and gaining your initial capital to trade, once you have that manage risk and don’t look for home runs. When you start chasing gains as a trader its when you lose, when I look at my bad trades generally I’m thinking before entering a trade I can make X amount, but my good trades I say I will only lose $100 then let my winners ride.
Russell: Are you subscribed to any stock trading services that have helped you? Do you have any favorite trading DVDs ?
Russell: What has been your worst trading loss ever, how did it happen and what did you learn from it?
Connor: Sub penny play, raised A/S overnight, totally oversized position and did not manage risk. Don’t bother with subs anymore but really eye opening to how important it is to manage risk and not chase gains.
Russell: What has been your single biggest trading win?
Connor: ACYD/WLAN I originally made $92,000 off of it, then lost $16,000 after the ticker change so net net made $76,000 on it.
Russell: Do you offer trading coaching/alerts? What is your website address for people who would like to find out more?
Connor: Yes, investorscorner.org really love sharing my strategy with others and teaching others to be successful traders. My service is more of a community rather then a service I feel, I don’t think I’m better then anyone else and really love building relationships with my subscribers when we have our weekly Q&As, get emails from them, etc. Everyone talks to each other including me and gets to know each other, so my subscribers get a lot of personal attention from me, and get to be involved with a tight knit community of traders. I also have a 5 hour DVD called SchoolTrader which is a comprehensive guide to trading part time.
Russell: Thank you very much for this interview Connor, your teaching service sounds intriguing and your story is truly inspiring! Thank you!