Very True I agree...concerning selection they favored people with backgrounds in gambling and chess. Edit: the above obviously supports your first statement as gamblers and chess players (should) know risk very well. Interesting man you made a strong point.
Show me someone with audited records who made 20% every single year the past 10-15 years and not just holding onto long positions. I am absolutely convinced that my performance continues even if the market overall would tank for multiple years. I never sat on stock grants a minute longer than I was required to, nor did I get them at a discount. I said that the generated pnl was strictly from retail based trading, not equities though. And I never said I am special, probably rare though.
Alright, say the money is actual but the strategy he outlined and the rules he uses still don't fit the scene. I'm not claiming the strategy is a loser, i'm saying it's physically impossible to reach these returns in this time period. So, either he used a very aggressive approach and had tons of luck, trades inside information or made the money some other way. Markets just don't move that much. I understand this was in the period of covid, so volatility was definitely supporting this but still...i'm sceptical
And how much of that was from ACTUAL trading your personal account and how much was deposits from your day job? And to be clear,you dont trade stocks at all? And I'll be shocked and stunned if Kris isn't the opening chapter in the next Schwager book.
And I say, good on you, to be sceptical. Not impossible but highly unlikely unless inane risk was taken. For every 1000 completely burned accounts there is one who got the timing, sizing, holding, exactly right, but highly likely not due to skill but luck.
I don't trade equities. The only time I touched cash equity was to delta adjust positions at my professional job in the past. The original funding came of course from part of my savings that originated from corporate compensation. I never deposited nor withdrew a single dollar from my account after the initial deposit. Every dollar of returns was reinvested at the beginning of the next annual cycle. Enough about me, I am not stating this to show off in any way or fashion. The only reason I chimed in is because I find the bullshit that is touted on YouTube and so easily believed by so many to be upsetting because it completely targets emotions and leaves intellect and logic completely out of the question.