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17-Year-Old Trader Mohammed Islam Does Not Have $72 Million

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Mark Melin
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It’s now confirmed. 17-year-old Stuyvesant High School senior Mohammed "Mo" Islam, said to be a trading savant, does not have a $72 million net worth, according to reports. But this doesn’t invalidate his trading skills, if they can be proven.

Mohammed Islam's net worth

Mohammed Islam never formally claimed he was worth exactly $72 million. He never denied it when the press asked, playing like a coy cat toying with a mouse. His net worth is in the “high eight figures,” he confirms, which is incredible coming from a kid who grew up in the hip, sort of edgy part of New York City. This is an amazing story that is being hung up on his exact...

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.