What are the largest fortunes ever made by INDEPENDENT traders?

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Quote from Arjun1:

BTW Kris Kringle = Santa Clause for those that didn't know (I had to look it up).
100 heads in a row MUST HAPPEN as a function of PURE RANDOMNESS if you flip a coin enough times.
And when you have a billion brokerage accounts worldwide, 10k to 100 million events MUST HAPPEN out of PURE RANDOMNESS.
Most people intuitively (but wrongly) assume that these rare events disprove randomness when in fact they prove randomness.
However, good luck is a function of good design to a limited extent and that's all the hope you have as a trader.
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This is not a good example...you are talking about billions of heads and tails flips, and nobody has time for that because in the long run we're all dead.
 
Quote from bhardy307:

Oh come on! I'm going to turn a few thousand into 80 million in two years, just as Bwollinsky is promising. 2 years! I guarantee I'll have 80 million starting with only $2000. :D :D
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You really haven't put any thought to having a plan for billions have you? Mine doesn't just including assuming I can time markets my whole life.

You're probably missing the 3-5 years with final 2 years of pure analysis I just went through to get here. There was no trading until there was a plan, and while there was a plan for all of my trading career, it has just changed to better and better methods and I'm doing really well with what I'm doing right now.

The first two units are pretty sweet. The max 416 units of my model will be pretty sweet, too, but after that I'll have to try scaling into ETF's but will be limited by that too simply by liquidity for ETF's, but position limits for futures.
 
Quote from bwolinsky:

You really haven't put any thought to having a plan for billions have you? Mine doesn't just including assuming I can time markets my whole life.

You're probably missing the 3-5 years with final 2 years of pure analysis I just went through to get here. There was no trading until there was a plan, and there was a plan for all of my trading career, it has just changed to better and better methods and I'm doing really well with what I'm doing right now.
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Oh, give me a break, Beau. I was just teasing you. Nontheless, I would be very surprised if you're able to achieve the 8 figure goal in 2 years. If you can prove me wrong, I'll be very impressed.
 
Quote from bhardy307:

Oh, give me a break, Beau. I was just teasing you. Nontheless, I would be very surprised if you're able to achieve the 8 figure goal in 2 years. If you can prove me wrong, I'll be very impressed.
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The 8 figure is within 4 months of 7 figures that's currently 8-10 months away, but 9 figure $100 mil is out of reach as soon as position limits kick in, but by then opm funding should not be a problem.

Really, I know I have a holy grail, even if it's 4 different systems combined I'd say they might be the best models in the world.
 
Quote from bwolinsky:

The 8 figure is within 4 months of 7 figures that's currently 8-10 months away, but 9 figure $100 mil is out of reach as soon as position limits kick in, but by then opm funding should not be a problem.

Really, I know I have a holy grail, even if it's 4 different systems combined I'd say they might be the best models in the world.
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What $ amount did you start with?

I'd be happy with hitting the $2,000,000 mark in 10 years, and 4 in 15 years. Life's too short to chase mega bucks. Early retirement wih a few million is more than enough, but I guess I am a little older than you so my priorities are different.
 
What are the largest fortunes ever made by INDEPENDENT traders?



Part of the problem is how would one know about good traders who just don't shout about it?
Brokers can't just go name a client who's making 250K a yr trading the Russell to anyone who asks.
 
Quote from bwolinsky:

You really haven't put any thought to having a plan for billions have you? Mine doesn't just including assuming I can time markets my whole life.

You're probably missing the 3-5 years with final 2 years of pure analysis I just went through to get here. There was no trading until there was a plan, and while there was a plan for all of my trading career, it has just changed to better and better methods and I'm doing really well with what I'm doing right now.

The first two units are pretty sweet. The max 416 units of my model will be pretty sweet, too, but after that I'll have to try scaling into ETF's but will be limited by that too simply by liquidity for ETF's, but position limits for futures.
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Out of curiosity, how much have you returned on your base capital, since inception?
 
Quote from bwolinsky:

You really haven't put any thought to having a plan for billions have you? Mine doesn't just including assuming I can time markets my whole life.

You're probably missing the 3-5 years with final 2 years of pure analysis I just went through to get here. There was no trading until there was a plan, and while there was a plan for all of my trading career, it has just changed to better and better methods and I'm doing really well with what I'm doing right now.

The first two units are pretty sweet. The max 416 units of my model will be pretty sweet, too, but after that I'll have to try scaling into ETF's but will be limited by that too simply by liquidity for ETF's, but position limits for futures.
More...

If things don't go according to plan, it won't be because of a lack of confidence
 
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