Who are some LEGIT Retails that "made it"?

William O'Neill was a great Man. He took Stock Trading to a massively higher level for Retail Traders, which we all should be grateful for. But Minervini, Quallamaggie, Zanger etc improved it.

We who come later, stand on the Shoulders of those Greats who came before us like William O'Neill.
 
Laissez Faire said:
A lot of successful individual traders seem to have a professional background and/or started out fairly wealthy to begin with.
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Isn't there a saying that the best way to make a small fortune in the stock market is to start out with a large one?

"I inherited $10,000,000 from my mom and pop, who were public school teachers who left me their Berkshire Hathaway stock. I sold it, and after day trading for 5 years, I am now a millionaire. I have only one million left. Join my discord for live trading calls! Only $99/month!"
 
zghorner said:
to clarify my definition of A legit retail trader who has made it: Someone who started trading without EVER working in the financial field professionally and acquired millions of dollars via trading.

I ask this question because I think these guys are always ignored in favor of: PTJ, Cohen, Schwartz, Destriero ( :cool: ), etc...and this is only natural; there are more books written about Michael Jordan than 2nd or 3rd stringers who barely played (yet they are still a massive success in the grand scheme of basketball).

I have come to the conclusion that the overwhelming % of profitable "retails" fall under 2 categories:

1. They were professionals within the financial realm for years before doing their own thing. These people spent a decade or better in the professional world being mentored and disciplined by real OGs...discovered their niche/edge...and simply exploit it on an orderly basis as an independent "retail". the majority of your profitable traders come from this category...good luck taking money from these guys.

2. They made their money in some other business and can only afford to trade big because they are literal millionaires before even starting. This is more common than you might think...they did not become wealthy via trading. "Im a millionaire trader"...but they were millionaires before even opening a brokerage account.

the fact of the matter is...if you are a retail trying to build your fortune VIA TRADING...the odds are so incredibly stacked against you it is painful to discuss. I would venture to bet that the 95% failure rate for traders is low. actual noob retails with no prior knowledge of the industry starting out with their get rich dreams of making it in the market...99.9%.

So, I ask for some examples of legit retails by the above definition to study out of curiosity.

thanks.
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I'd bet, most of the successful 'retail' traders are unknown and are trading under the radar.
The ones we hear about is usually fake guys seeking attention and/or wanting to sell something and/or having a benefit ($$) of being heard.
 
zghorner said:
if you are a retail trying to build your fortune VIA TRADING...the odds are so incredibly stacked against you it is painful to discuss. I would venture to bet that the 95% failure rate for traders is low. actual noob retails with no prior knowledge of the industry starting out with their get rich dreams of making it in the market...99.9%.
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Here are a few that are well vetted - these are bedroom traders starting out with accts from $5k-$16k. I am sure there are plenty that made north of $10M, these are just the ones that really stand out that come to mind.

Qullamagie - Swedish swing/trend trader >$150M
BNF - Japan swing trader > $300M
CIS - Japan day trader > $230M

The institutions are not much better than retail 90% of them can't beat the SP500.
 
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comagnum said:
Here are a few that are well vetted - these are bedroom traders starting out with accts from $5k-$16k. I am sure there are plenty that made north of $10M, these are just the ones that really stand out that come to mind.

Qullamagie - Swedish swing/trend trader, made >$150M
BNF - Japan swing trader, made > $300M
CIS - Japan day trader, made > $230M
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I watch Quallamaggies vids on loop at times lol.

Yes, he does seem Legit, but the only source of his Profitability is his Tax records isn't it. Tax records just show Income which could've come from anywhere.

CIS was a protege of BNF just FYI.
 
"I inherited $10,000,000 from my mom and pop, who were public school teachers who left me their Berkshire Hathaway stock. I sold it, and after day trading for 5 years, I am now a millionaire. I have only one million left. Join my discord for live trading calls! Only $99/month!"

Am I reading this correctly. Lost 90% of my capital and the original holding would have averaged over a gain of over $million a year. Gotta be a typo. Otherwise the dictionary definition of success is off. Freudian slip?
 
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