Well, in the current bull run there are many fresh millionaires being minted.
CamTheMan is in hot pursuit of world records, turning $1000 to over $2 million in the last 6 months. I think that’s over 200,000%.
Realistic returns expectations of successful day trading
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Well, in the current bull run there are many fresh millionaires being minted.
CamTheMan is in hot pursuit of world records, turning $1000 to over $2 million in the last 6 months. I think that’s over 200,000%.
"Many" new millionaires, I would be curious to know some facts on that. Are you aware of any articles, etc.,. that would substantiate "Many..."? Thanks.
I follow many of them on Twitter, see them in Facebook groups, chat rooms, Reddit, Discord, TikTok, etc., even YouTube ads from some traders. Actually I’m losing track of all those outlets and can’t see everything or be in every chat room, but I posted just a few top traders at https://www.elitetrader.com/et/threads/traders-of-the-week.346152/
I guess you don’t use internet much and are not following any traders, you’re not on Reddit, Discord, TikTok, and generally not aware of what’s going on?
Recently there is a lot of gambling in stocks, so there are also some pro or just smarter gamblers than others.
And there are millions of new traders pouring money into stocks, with brokers reporting record inflows (3 million new accounts just on Robinhood this year), so it would be unlikely for no one would get rich, either from the Fed or from the other “traders”. I mean the money can’t just disappear into abyss.
If you look around the net, you’ll see lots of signs of money being made in the stock market. Some of them may be temporary gains just from holding stocks. My daughter is sending me screenshots of her growing Robinhood account where she almost doubled her money holding AMZN, TSLA, SHOP, and SQ. And so did her friends. These stocks may be going up because so many young people are pouring money into them, but nevertheless they do go up. I’m concerned, but for now they’re doing good.
Even Robinhood CEO was surprised how much money some people are able to make using their trading app.
What’s missing though, is Wall Street Journal researching, confirming, and writing stories about newly minted millionaires. So a lot right now is driven by hype, sensationalism, and marketing.
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Yes, I am aware of the influx of retail traders and Robinhood, etc.,. and whats-his-face from barstool, but I mostly do my own research and battle my own trades, so I don't follow all of the social media that you do.
I would think there are very few people that started at $_______ ?? 10,000 and are now millionaires without blowing it. Interesting though...
Looks like soon we’ll find out about:
“
A trader who turned an initial account of $2,500 into $50 million.
- A trader who achieved an average annual return of 337% over a 13-year period.
- A trader who made tens of millions using a unique approach that employed neither fundamental nor technical analysis.
- A former advertising executive who used classical chart analysis to achieve a 58% average annual return over a 27-year trading span.
- A promising junior tennis player in the UK who abandoned his quest for a professional sporting career for trading and generated a nine-year track record with an average annual return just under 300%.
“
All featured in the upcoming Jack Schwager’s book:
“
A trader who turned an initial account of $2,500 into $50 million.
- A trader who achieved an average annual return of 337% over a 13-year period.
- A trader who made tens of millions using a unique approach that employed neither fundamental nor technical analysis.
- A former advertising executive who used classical chart analysis to achieve a 58% average annual return over a 27-year trading span.
- A promising junior tennis player in the UK who abandoned his quest for a professional sporting career for trading and generated a nine-year track record with an average annual return just under 300%.
“
All featured in the upcoming Jack Schwager’s book:
Jack Schwager has good reputation and is doing his best to verify claims of people he interviews.
Though he may also explain what proof they provided and who to believe. So we have to read the book before discussing the information provided.
Tax Returns if they are that determined to show their success, but even those can be doctored...Kardashian for example
Same applies to journalists, news anchors and house keepers. Greatness doesn’t come from having access to great people.