I would normally agree, except tax returns in Sweden are public (if you pay a small fee). There are references online in Swedish publications to a youngish male taxpayer who paid around $30 million in CG tax in 2021, and someone on this board claimed to have paid for the records and confirmed that said taxpayer was KK.
True, but you can know what your probability of winning and potential profit is, which is the same as knowing what cards you have against the board. There could also be exogenous variables to your trade that are the equivalent to pocket aces, like specific market conditions or economic factors, etc.
It's called entertainment, and there are a few gems within the roughs. And it's "made", I retired at the age of 45.
No disrespect, but I am exhasusted of this comment/argument. This statement is just true for being excellent at anything. Trading is not special, it's arguably lame in the pantheon of things to be excellent at.
Not bitter, just fed up with hearing how anyone with a big mouth on YouTube and flashy statements is elevated to a trading god. I personally could not care less but somehow I show concern for the serious and ambitious beginner who comes across that crap and is mislead. I don't doubt for a second that there are very few individuals who trade retail and are way more successful than I am, why would there not be. I make about 20% every year, plus minus a few percent. Every year since around 2012. So, yes, there are some who have made way more each year for the past 10 or more years. But the majority of those who try to monetize their self claimed success are not the ones belonging to this group. I get angered when I hear bullshit presented as a mantra with the express intent to mislead beginners.
Cmon Bro,if you are a director and above,forced to take 25% of your comp and put in in company stock at a 25% discount ( raging bull market),anyone could retire at 45.. Not an insult,I did the exact same thing,and Im nothing special
I would consider traders presented by Schwager to be legit, to give an example. I started with about a 1 mil account and currently am sitting on around 12.5 million. I don't walk around to monetize that or teach others. Hence I don't consider it my responsibility to have to provide any evidence to anyone. But I believe it should be the absolute minimum requirement to prove claimed success for anyone who charges money to teach others, whether directly through fee arrangements, or youtube views.
On average those who later dropped out did ok while in the program. But there was also selection bias. Dennis and Eckhardt did not just throw darts on the wall as far as I recall.