Word: liu
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Dates: during 2000-2009
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...months, Jimmy Liu '01 ate his Cheerios in front of his computer in Kentucky, not wanting to miss a trade. The infinite fluctuations of numbers became his daily grind; the NASDAQ webpage his rodeo. Liu was caught up in the adrenaline rush of day trading. "There is a euphoria of everyone playing the same game together. When it starts picking up you want to be there. If you're not, you could lose or gain thousands of dollars," he says...
...Neil Sinhababu '01, co-director of the Cambridge World Fund, agrees. "You could never make a video game as complex as trading," he says. "In trading, there's this wonderful cowboy thing to it." Both love the game of trading. But, after his freshman year Liu grabbed his next three years of tuition money--some $90,000 bucks-saddled up his horse ready to lasso in the loot...
...Divided between a career in business or medicine, Jimmy Liu '01 took his sophomore year off to make his decision. Because of his interest in business, he bought a satelite dish to receive stock quotes in Forest Hills, KY. He started day trading with a small piece of his future tuition. When his parents saw how successful he was, they raked over the funds for the remaining three years...
...Most would call Jimmy crazy, perceiving day trading as a small step above gambling. It's high risk, high stake and equally addictive. People who try it expect to make their retirement savings from a month of day trading. Ninety percent lose everything. But, Liu is a calm, rational person. The fact that he's back at Harvard is testament to the fact that he's amongst the top 10 percent who succeeded. From 1997 to now he has profited around 250 percent. At his high, he had a 300-400 percent gross profit. That's after he paid...
...Liu is only half-serious, though. She and her staff stock current periodicals like Sports Illustrated and Vibe and manage a popular 250-title video collection, with tapes ranging from "Strictly Ballroom" to "Varsity Blues" available on two-day loan...