Who are some LEGIT Retails that "made it"?
- Thread starter zghorner
- Start date
Wow, a tradethenews free trial for a $150 news service. $20K wagers that you cannot show a TTN receipt dated prior to my posting this.
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In my absence you were supposed to direct all off topic arguments in Trading threads to the Fight Club thread ON. What happened???!!!
How deep does the water get in that basement when it rains?
Very, very few basements down here in South Florida (hit water only couple of feet below ground level) but from what I remember growing up back north basement creatures also had to deal with "dirty water" backing up when rain water comes in phewwwww!!
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There was one that turned 200$ into a few million in a few months in 2020
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 (), 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.
There might be a handful of retail traders that "made it" that are not in the public eye, those mentioned down thread seem to be the ones that are in the public eye. What benefit does that get you if not selling a service or seeking prestige?
I retired from day job age 52. Was not a professional. Was not a millionaire. I was an investor.
What did you/do you do for cash flow?