Honestly idk how true is that but we should definitely take some motivation from that and enhance our skills.
Someone that knows that eventually his luck will run out and he may lose a significant portion of his wealth trading with the same level of risk. Diversifying in real estate would be a smart thing to do IMO.
A black swan event could wipe out a huge percentage of your portfolio esp since his using up to 100x leverage he could just be lucky and may lose it all. Jessie Livermore made a billion dollars adjusted for leverage yet lost almost all in his last years. ( in fact he has made alot and lose it all like 3 times, the third time was his undoing). A very famous Japanese trader BNF bought an apartment worth 40 million or something as he said his net worth at that time 200 million it was getting hard to trade as there was too much money to move about.
Cant the black swan also move in your direction of the trade? why do we always think of it as wiping you out. Cant the black swan also wipe out your house? or real estate investment as did in 2008?
He probably has some skills.. Considering he has been in the market for 7 years. However, most of his trades were from penny stocks... Which I think not sustainable in the long run... We already know they are mostly pump and dump schemes.
Because there's a limited supply? Gotta pick the right land however. 15 year vision. Deep pockets can go longer. Grand-kids and all.