“All of a sudden, I heard ‘ding, ding, ding, ding, ding,’” Ms. Carr, 31, referring to the stock alerts, said in an interview on Friday. “I grabbed my phone, and I was looking at it, and it said $351. I was shocked: ‘I bought this thing at $6,’ I thought, ‘there’s no way this can be right.’”
Ms. Carr, a nutritionist, quickly pulled her son out of virtual learning and asked him what he wanted to do. “I was trying to explain to him that this was unusual,” she told mySanAntonio.com, a segment of the San Antonio Express-News. “I asked him, ‘Do you want to stay or sell?’”
Jaydyn decided to sell his shares, earning $3,200 — a return of more than 5,000 percent on an investment of about $60.
“I felt shocked and excited at the same time,” he said in a phone interview on Friday.
He said he had decided to save $2,200 and invest the remaining $1,000, most likely in shares of Roblox, an multiplayer gaming universe popular with young children, if and when the platform goes public.
“Long-term investing is important because that is how I got this money,” Jaydyn said.
The surge has piqued Jaydyn’s interests in amateur day trading. “He’s definitely ready to jump full force into the market,” his mother said.
This content was originally published here.