Who are some LEGIT Retails that "made it"?

[taowave]

Cmon,you really think a few guys turned 5 digits into 7 or 8 punting away??

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?

 

[tomkat22]

On here or in the real world?

He said it was a forum member that did it. I hate to be the proverbial Doubting Thomas but without proof of such a feat I remain skeptical.

 

[taowave]

Have some faith

He said it was a forum member that did it. I hate to be the proverbial Doubting Thomas but without proof of such a feat I remain skeptical.

 

[trismes]

All this lot are retail. before anyone asks for a summary I read it so fast so long ago I remember zilch, but had a lot of big hitters (relatively speaking)
https://www.goodreads.com/en/book/show/54403119

 

[rb7]

How so?

LOL....I was about to ask the exact same question!!!

 

[Pekelo]

So what is acceptable proof to the world of Elitetraders?

Number of boats with a couple of live calls.

 

[Laissez Faire]

Cmon,you really think a few guys turned 5 digits into 7 or 8 punting away??

I'm not sure I said anything about 'punting away', hence my question and curiosity about the individuals referenced by @newwurldmn.

My point is that there's a big difference between having an actual edge and compounding a small account into a large one by thousands of trades versus one or a handful of lucky trades. The latter may not be that different from my uncle winning the Lottery.

If you read Market Wizards quite a few fall into that latter category where they took big risks early on to build their stake. Then you have the former which actively trades and actually makes money on a consistent basis.

For the last decade and more - the market have been extremely favorable for long only traders. I'm sure Qullamaggie is a great trader, but one can't deny that he's been lucky in that the conditions have been extremely favorable for his particular style (long only swing trading stocks). I think his best year was in 2020 where pretty much everything went up following the initial plunge.

It's only these last two years we've had anything that resembles a traders market in equities. And from what I heard, many didn't handle that transition very well.

 

[newwurldmn]

He said it was a forum member that did it. I hate to be the proverbial Doubting Thomas but without proof of such a feat I remain skeptical.

that’s fine.

 

[tiddlywinks]

So what is acceptable proof to the world of Elitetraders?

Number of boats with a couple of live calls

thousands of trades versus one or a handful of lucky trades.

For the last decade and more - the market have been extremely favorable for long only traders.

The list grows... Now were getting somewhere!!

• Boat ownership.
• At least 2 (a couple) of live (real-time) calls. Obviously, documented/timestamped. On a blockchain??
• Number of trades taken... An exact minimum number tbd.
• Use of a timely and opportunistic style of trading. How is this determined?

 

[newwurldmn]

It's only these last two years we've had anything that resembles a traders market in equities. And from what I heard, many didn't handle that transition very well.

This isn't true.

if you put 80k into AAPL 10 years ago, you would have a million dollars. We know that day traders can outperform this so i don't see why my statement is such a shock to people.