William O'Neill was a great Man. He took Stock Trading to a massively higher level for Retail Traders, which we all should be grateful for. But Minervini, Quallamaggie, Zanger etc improved it. We who come later, stand on the Shoulders of those Greats who came before us like William O'Neill.
Isn't there a saying that the best way to make a small fortune in the stock market is to start out with a large one? "I inherited $10,000,000 from my mom and pop, who were public school teachers who left me their Berkshire Hathaway stock. I sold it, and after day trading for 5 years, I am now a millionaire. I have only one million left. Join my discord for live trading calls! Only $99/month!"
I'd bet, most of the successful 'retail' traders are unknown and are trading under the radar. The ones we hear about is usually fake guys seeking attention and/or wanting to sell something and/or having a benefit ($$) of being heard.
Here are a few that are well vetted - these are bedroom traders starting out with accts from $5k-$16k. I am sure there are plenty that made north of $10M, these are just the ones that really stand out that come to mind. Qullamagie - Swedish swing/trend trader >$150M BNF - Japan swing trader > $300M CIS - Japan day trader > $230M The institutions are not much better than retail 90% of them can't beat the SP500.
I watch Quallamaggies vids on loop at times lol. Yes, he does seem Legit, but the only source of his Profitability is his Tax records isn't it. Tax records just show Income which could've come from anywhere. CIS was a protege of BNF just FYI.
So in summary, they mostly identify low volatility and buy the breakout selling into high volatility.
"I inherited $10,000,000 from my mom and pop, who were public school teachers who left me their Berkshire Hathaway stock. I sold it, and after day trading for 5 years, I am now a millionaire. I have only one million left. Join my discord for live trading calls! Only $99/month!" Am I reading this correctly. Lost 90% of my capital and the original holding would have averaged over a gain of over $million a year. Gotta be a typo. Otherwise the dictionary definition of success is off. Freudian slip?