Not to contradict anything that you are saying, but you need to account for boredom in your equation, for anyone retiring at a young age. I know I am suffering from this.
I agree, you did not make a statement. Wrong was not for a statement but for your assumption that most of them would stop. True that more than 92% of the USA would never earn that in their entire lifetime. But as their financial situation completely changes, their life will change too. He will want to have more things that he would have in his life before the 5 million profit, so he will want more money to fulfill his wishes. Many would even divorce, if they were married, because the big earnings give more choices that he did not have before and that are now viable. Watch how many lottery winners divorce and/or start to live another lifestyle $$$$.
I took a long time to build a strategy my results are vague and I have no references to compare if I am on the right way or not
What about the hybrid approach? Most sane traders/investors can and do both. Why? because that is what makes sense. It is always based on age, tolerance of risk, and income from other sources. I am 65, I approach this market as a trader/investor. I am almost all in cash now but very slowly scale into the re-opening market while daytrade to make a bit of money every day. I do not wish to make 55% a month or some ludicrous amount, because sustaining that is way too risky. If you young and want to day trade, I suggest you are better off saving/investing for the next 30-years because of the ease and certainty of that. Then maybe trade a little money aside from your IRA, 401K.
I am also in day trading , altough I don't want to make millions of dollars or thousands of dollars a day. I started with 5k and my goal is making 100-200 dollars a day consistenly.