What are the largest fortunes ever made by INDEPENDENT traders?

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Quote from atticus:

I don't see the point of brokerage diversification to that extent. It's a logistical nightmare and completely unnecessary. If SEC-regulated brokers go to shit then only cash in the mattress is safe when guarded by Mssrs. Smith and Wesson.

My point regarding notional limits has nothing to do with traditional delta1 products. American exotics are not traded retail in size. You must trade with a bank. He would have no trouble trading $100MM in any of those products with a retail account. For example, my brother has over $50MM with IB alone. ;)
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What about the grim reaper (aka Corzine) ...he's in at least one firm, but nobody knows which one! :eek::D
 
Personally know a guy that started as a prop trader (backed by the firm didnt even put his own money down) was worth 30 million sterling 5 years later.

Know probably 20 other guys that started under similar circumstances and hit the million pound mark within a few years.

But these guys were on a trading floor with other successful people... not that it takes anything away from their success as many dont make it but think it would be a lot harder figuring it out on your own from home
 

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Did John Bender use OPM? He was also one of the other great minds to make a killing. He traded his assumption(?) that OTM options have fatter tails.
 
Quote from bln:

Japanese daytrader/scalper Takashi Kotegawa (BNF/J-Com Man) traded $13,600 into $153 million in 8 years. Zanger, Rotter, etc, they all provide great inspiration to us all and show that it is possible to make it big.
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I think this is the Asian guy who was a shut in, lived with his parents, and never left the house. Ever.

lol
 
Quote from cyoungmark:

I think this is the Asian guy who was a shut in, lived with his parents, and never left the house. Ever.

lol
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having $153 million and living w/ your parents is better than working a "regular job" for someone else making 40k.
 
My mentor from long ago has over 250mil through day trading and long term, he is his 60's now. Still scalping the ES for 1-3 tics, doing 100-150 trades a day and he is right 98% profitable. And he does not wish to be known, too many people camping at his doorstep thru the years I suppose.

But he is sort of "out there", he speaks and I still easily get lost by what he tries to explain. I can think in three moves ahead of time, but he thinks in nine moves.

He lives extremely frugal, but has seven thousand sq ft house, most of the rooms are empty, said he built house thinking it be a quick sell, now it is twenty years later....
 
Quote from Handle123:

My mentor from long ago has over 250mil... in his 60s....

He lives extremely frugal,
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But seriously, what's the point??? I am not saying he should have 10 houses in 5 continents, but he should be enjoying his wealth, even if in a moderate, Warren Buffet way.

Or give it away to charity. It is rather pointless to have 250 mill in the bank, and living frugal, then he is not much better off then the rest of us.... :)
 
Quote from Handle123:

My mentor from long ago has over 250mil through day trading and long term, he is his 60's now. Still scalping the ES for 1-3 tics, doing 100-150 trades a day and he is right 98% profitable. And he does not wish to be known, too many people camping at his doorstep thru the years I suppose.

But he is sort of "out there", he speaks and I still easily get lost by what he tries to explain. I can think in three moves ahead of time, but he thinks in nine moves.

He lives extremely frugal, but has seven thousand sq ft house, most of the rooms are empty, said he built house thinking it be a quick sell, now it is twenty years later....
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A 2% return on his 250mil means annual income of 5mil. There is no point trading anymore especially when he is frugal.
 
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