This page has been archived and commenting is disabled.
Noobs with Boobs
From the Slope of Hope: Here are some snippets from an interview from New Yorker magazine with the queen of trading on the cusp, 16-year-old Rachel Fox (as in Stocks; it rhymes, get it?), the shoeshine girl of the modern age. Emphasis added by me.
How did you even get involved in stock-trading?
My parents explained the stock market to me because it’s such a big, important part of life. They didn’t expect me to take such a liking to the whole day-trading idea, though.
So, like, what's your strategy? Do you have a Bloomberg terminal?
Well, I don’t like trading stocks that are very news-dependent. I trade on the technical analyis of stocks. (Lord in heaven, give me strength - Ed.)
Do you trade penny stocks?
OH GOD, OF COURSE NOT. No, I go to Yahoo Finance every morning, that's my thing. And then I go to my trading platform [Scottrade] and do the technical stuff in there. (Because, like, ScotTrade is, like, so awesome. It has, like, the best charts, y'know? - Ed.)
And this is fun?
Definitely. There are certain things making it easier for common people who work and have a day job to do this as well. I'm not just a typical guy who has a suit and goes to Wall Street. My point in writing this blog is not trying to compete with the finance professionals. It’s more just to inspire people to trade.
Who do you go to for investing advice?
Well, um, really ... nobody? I mean, I'd have to think about that.
Any people you really look up to? Who's your investing idol?
I heard a story about Warren Buffett, that he has none of his college degrees hanging on his wall. He only has his certificate for public speaking, which is so awesome and inspiring. (Buffett. Naturally. Although I'm not quite clear on why hanging this particular certificate on the wall would give anyone an emotional boner. But, then again, I'm Tim on a Whim, not Fox on Stocks - Ed.) If you can learn public speaking, you don't have to have a ton of education to do well.
You couldn't let go, huh?
It’s hard to master the psychology. You’ve got to know when to step out of things. (Not true, Ms. Fox. You simply have to wait for people who have absolutely no business engaging in a particular vocation professing to be an expert. It's a cinch. - Ed.)
I bet you got a lot of calls after your CNBC appearance.
I'm going to keep those confidential, but there may or may not have been some requests. (Very shrewd, Ms. Fox, very shrewd! Keep those cards close to that chest that the men of America are scrutinizing - Ed.)
So when do you start managing other people's money?
[Laughs.] Maybe I’ll start a hedge fund.
So - - look - - I've got nothing against sixteen year olds. I was one once myself, and at the time, I wrote my first book - the first of a couple dozen, actually (and that first book, incidentally, argued for the importance of computer-to-computer communications and how it would transform the world, way back in 1982 - so thank you very much). But, having done charting for a quarter-century now, I'd rather not be told by a doe-eyed girl how to draw a trendline........or what stocks to buy (errr, short) for my own hedge fund.
- advertisements -
Congratulations! You're smarter than a 16 year old!!!
See below...
Hedge fund jail bait. Wait until she fills our her porfolio, then audit her assets. If there is an opening, take it at her market bottom, and ride it to the top. Then see if her hedge fund would consider a gold and diamond future.
"jail bait."
Tail risk?
Is her shoulder strap just coming on...or just coming off ?
This is funnier than those cartoons in the New Yorker. Then again, isn't everything.
Ahh; give the girl a break; what's she'd doing is better than swallowing marxist propaganda whole at her high school. Of course she'll eventually go broke; it's a rigged fuckin' market.
I hope we get follow-ups on how her portfolio is doing. Jesse Livermore started trading when he was 14, I believe, or it might have been 16; but he was working in a brokerage writing quotes on a blackboard and listening to people 60 years old talk about the various manipulations and price movements all day; he was also a math. genius. Eventually, might not be so long.
In two years after she loses everything on bad trades listening to G.S. she'll be doing a porno funded by & starring Jon Corzine-previewed at the S.E.C. with Eric Holder as special guest.
She'll get $10,000 for a night with DSK and Burlusconi at a Bunga-Bunga party in Rome, and days later be found hung from scaffolding beneath Blackfriar's bridge with gold bricks stuffed in her pockets.
Probably more coherent than Cramer. Certainly better look. Might have asked her on what axis of her charts she plots "Federal Reserve".
Her boobs aren't that great
This is like stock tits from a shoe shine boy. Er, tips.
See my comment above.
Pointy knees.
Soon enough she'll be making porn to keep her lifestyle.
Timmy Knight wants to toungue punch her fart box because she's still a better trader than him.
Wow. I can't believe that this gets (so far) 22 up arrows.
What the hell is the matter with you people?
Although, I would certainly have to agree with the moniker he chose for himself.
Best. Comment. Ever. (Tongue punch etc.)
One chartist pissing on another?
As the Italians say, four gamblers couldn't support a chicken.
tounge punch her fart box! Brilliant! I have beer all over my keyboard
Yup, had to be careful not to spit coffee on my baby's head as he's sitting on my lap.
Can't wait to use that and then pass it off as my own.
The first thing she needs to buy with her gains is a new set of tits, those puppies are kind of small. That face is going to fil out and look pretty bad by 30, so she'll need to fix that as well. The big ass thing is still in style, so maybe with the tits they can give her some ass injections.
I mean, keeping up with Hollywood is why she trading right?
I like look at Yahoo and see what stories they are talking about, it like makes it easy cause whatever they talk aboutis what people are going to invest in. Since I am on TV and stuff whatever I talk about is what Yahoo will talk about, so like I set the market. I'm like Ben Bernanke with tits.
My college roomate's mom was up $280k in 1999 off of about the $40k she started with. I'm sure she could have got a story on CNN, only she didn't listen to me when I told her to sell when she dropped my roomate off. She told me by next year she would be a millionaire. Ooops.
Those tits will work just fine when they're staring straight up at you covered by nothing.
Nah, she is a very pretty girl. Nothing wrong with her at all.
I just hate to think of someone so young getting taking advantage of like this. Financial prostitution - and she is too young to know it.
I'm willing to accept her as a legitimate member of the financial trading community under one condition. If she registers here on ZH under her blog name "foxonstocks", and then two days from now, comes back to this post and tells us all to fuck off. It is then when I will know she is a trader.
I'll be checking back Rachel...
:-)
she'll always be involved in trading somehow-today it's buying stocks- someday it will be trading that ass for FRNs from some coke-head investment guy
"You’ve got to know when to step out of things."
You'll go far honey pot.
"....airhead on CNBC discussing her trading prowess."
are they talking about ron insana. ron is probably a bitch (to the fed)...hahahaha!
Thanks for the chuckles, Tim.
At least, with those tits, she won't starve..., for a while.
yahoo finance? no mention of the geniuses at Seeking Alpha or TheStreet.com?
you're kidding me, right? Is the Bernank this desperate to have people get into the market?
You and I must be the "common people."
Ain't that special?
sounds jewish
That's kind of what I thought when I read, "My parents explained the stock market to me because it is such an important part of life."
I mean, is that kind of like the Jewish version of the "birds and the bees"?
...... Downvote if you want but that's fuckin funny.
It's bizarre; it's hardly believable; of all the screwy things I've heard of parents telling there daughters; that I'm sure I've never heard before. It's kind of crazy, really.
I've never even thought it.
when the dow crashes it looks like she will be able to get into porn or onto CNBC pretty easily-I mean-fuck me
Hey, we all need a Plan B after our leveraged trading strategy crashes.
I'm sure she goes through quite a bit of Plan B herself.
A 16 year old airhead on CNBC discussing her trading prowess.
Can you think of any stronger sign of a market top?
Long jailbait.
this is the shoe shine boy moment of 2013.
That reminds me: who was that kid.. er, young man that supposedly had his own hedge fund and talked technology stocks on CNBC all the time back in 05-06? Whatever happened to that guy?
Jim Cramer.
Not right off-hand; and that is exactly what I thought, immediately. But then, I'm 70 years old.
Money Honey
Street Sweetie
Ticker Tart ...
What do we call this one when she becomes a regular?
Illegal underage give it 2 more years
Yeah. How can she legally trade? Is this a paper account?
Fiat Biatch.
You have to remember educators were pressured by parents to make schooling easier for their "special" kids. Is it no surprise that the Fed has decided to dumb down the markets as well to make every idiot a winner?
i have just learned my sons high school , its a charter school has a bank in it.....first financial....and his business and eco classes are .."all hail the banks..the only place to put money"...being a junior hedger it drives him nuts....