He said it was a forum member that did it. I hate to be the proverbial Doubting Thomas but without proof of such a feat I remain skeptical.
All this lot are retail. before anyone asks for a summary I read it so fast so long ago I remember zilch, but had a lot of big hitters (relatively speaking) https://www.goodreads.com/en/book/show/54403119
I'm not sure I said anything about 'punting away', hence my question and curiosity about the individuals referenced by @newwurldmn. My point is that there's a big difference between having an actual edge and compounding a small account into a large one by thousands of trades versus one or a handful of lucky trades. The latter may not be that different from my uncle winning the Lottery. If you read Market Wizards quite a few fall into that latter category where they took big risks early on to build their stake. Then you have the former which actively trades and actually makes money on a consistent basis. For the last decade and more - the market have been extremely favorable for long only traders. I'm sure Qullamaggie is a great trader, but one can't deny that he's been lucky in that the conditions have been extremely favorable for his particular style (long only swing trading stocks). I think his best year was in 2020 where pretty much everything went up following the initial plunge. It's only these last two years we've had anything that resembles a traders market in equities. And from what I heard, many didn't handle that transition very well.
The list grows... Now were getting somewhere!! Boat ownership. At least 2 (a couple) of live (real-time) calls. Obviously, documented/timestamped. On a blockchain?? Number of trades taken... An exact minimum number tbd. Use of a timely and opportunistic style of trading. How is this determined?
This isn't true. if you put 80k into AAPL 10 years ago, you would have a million dollars. We know that day traders can outperform this so i don't see why my statement is such a shock to people.