Which isn't much. Why no more details? You don't need to name anyone.
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Who are some LEGIT Retails that "made it"?
- Thread starter zghorner
- Start date
Which isn't much. Why no more details? You don't need to name anyone.
RoaringKitty is a CFA charter holder and he has worked for years at various stock brokerages so even though he was trading on his own when trading the meme stocks, technically he should be counted as a professional.
If a member miraculously made over 10mm I seriously doubt they're still posting on here.Which isn't much. Why no more details? You don't need to name anyone.
If a member miraculously made over 10mm I seriously doubt they're still posting on here.
Doesn't need to be posting here. But generally, it's always interesting with details on how such a feat came to be.
Did he buy a ton of Bitcoin while drunk which he forgot about and recovered a decade later? A few lucky option trades? Or day trading?
It's just hard to believe such a person wouldn't have popped up on more people's radar.
How so?
10mm is not exactly pocket change,especially starting with less than 99k. Seems like word would have leaked out about such a miraculous feat.
On here or in the real world?
If you read this thread there are quite a few were word have leaked out as you would say, but I'm sure there are many that have maintained their anonymity to the public eye. I've had the pleasure to talk to a few members here in private which are succesful and which have a very low post count and generally don't talk too much.
The most famous retail trader in Norway is Einar Aas. Google him. He started out with $20K after losing his job and amassed a fortune of $100 M. He never gave any interviews and for years you could only find an old black and white picture of him.
Taxes are public information here in Norway, so there's no doubt he was the real deal. Incredibly, he managed to blow it all away on one single trade.
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.
For some reason Darc, your comment, not you, angered me during my morning coffee scroll-through. It perpetuates the whole everybody/everything is "fake" narrative that is so rightfully or wrongfully, ridiculously engrained within the halls of ET.
Yea, tax returns show income from all sources (supposedly). And what if a person trades through an entity AND individual accounts... that's means a minimum of 2 tax returns. And then there are traders with multiple accounts, maybe separate for different trade styles, separate based on trading instruments, separate for different time horizons, separate for custodial differences, separate for a cornucopia of reasons. And any of them can be lifelong losing accounts. Which account statement(s) is acceptable "proof" of success? Here in ET, account statements are NOT acceptable proof...the Madoff scenario becomes front and center. Photoshop!! So tax returns and account statements are out. Expecting full access to all financial affairs is just as ridiculous as everything is fake.
So what is acceptable proof to the world of Elitetraders?
Is there (should there be) difference between a non-soliciting home trader with or without financial credentials and a vendor, credentialed or not, selling goods and/or services?
What is acceptable to ET?
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ICT - Inner Circle Trader aka Michael J Huddleston fits that bill.
He currently has a cult following on Twitter and released a ton of free content on YT. He makes live calls fairly regularly.
He has a bunch of students whom done very well and they haven’t been financial industry insiders.
He also has a ton of critics. As a devout Christian, he has as acknowledged his bi-polar handicap but claims his OCD is what supported him in his success. He study Larry Williams early in his career and has developed his own language to communicate his concepts. Much is rebranded but much is also fairly unique to his perspective.
Trader Roundup aka ICT_Concepts, as a twitter space, generally hosts many of the devotees of the method.
Then you also have a bunch of crypto bros on crypto Twitter that have made bank.
cmmon man of all the retails , ICT? The guy who claims to have been kidnapped by the fx mob and bundled into a van for revealing secrets? Guys an absolute clown, with zero substantiated track record other than what he reckons. He’s been called on all this and more plus other previous pretences and still he reels em in
mentioning Qual and him in the same thread is sacrilegious