At 11 or 12 years old, Ross Cameron learned his great-great uncle got rich by investing in the stock market. In 1997-98, his 7th grade class visited the stock exchange. Those two incidents piqued Cameron’s interest in investing. Several years later, Ross Cameron and his friend Cooper created a pretend stock portfolio with shares in some of the top dot-com companies.
Their pretend stock portfolio did so well, leader Ross Cameron dreamed about investing real money and getting rich (Entrepreneur).
His First Foray
Excited by the prospect of making money in the stock market, Ross Cameron delivered newspapers and saved up $100. He then called up a stockbroker and tried to invest it in the American Ski Company. The broker told him he needed more money to cover commissions and fees. In 2001 while he was a student in high school, Cameron saved up $1,000 and opened an Ameritrade investment account.
Ross Cameron bought shares in Caterpillar, ExxonMobil, Pfizer and U.S. Steel and held it for a few months. But he was disappointed when he realized that the value of the stocks had not risen enough to earn him any profit.
Discovering A Day Trading Strategy
When Ross Cameron’s father died in 2007, he left him $100,000. Cameron invested it in the stock market and quickly lost $80,000. He began to analyze his trades and realized the small-cap stock he bought made money. Cameron developed the disciplined investment method he called the Momentum Trading Strategy. That strategy enabled him to make millions of dollars.