I guess I'm thinking of American versions of Kullamagi. I consider him the ultimate retail trader. He traded from a spare room in his mom's house and made 100m over the course of 10 years.(even though that amount is subject to some contention).
There are a few guys on this board who have turned five figures or low six figures into high seven and eight figures over a few years.
They may have them, but not sure we have access to them. In Europe, regulations now require CFD firms to disclose the amount of losing traders. Plus500 says 80% lose money. 80% is surprisingly low, I thought it would be 90% or higher. https://www.plus500.com/en/ CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Hmm ... $2 million to $5 million in the 79 calendar days from July 7 to September 24 is a compound annual growth rate of about 6,815.81%! Now that's what I'd call inflation.
IMO, it is more like farming. You can be competent, i.e. not dumb luck, but you have to be consistent, week after week, month after month, year after year. All the while, markets change, your situation changes, risks change, but regardless you have to be consistent. That is the hard part. The market will punish,eventually, those you slip up. That is why it is so hard. A lot of people cannot do a consistently good job. Most people just get the job done and don't worry about doing a good job Lastly trading has a lot in common with the fable of Icarus. They make some money, get confident, and leverage up, and ....
Absurd title,but I'll bite... Trading is the only endeavor (other than gambling )where there is Zero barrier to Entry,and the chance/illusion of getting rich quick. The vast majority attempt to capitalize on that without dedicating themselves to their craft and making the necessary sacrifices. They may as well waste their time becoming a social influencer.At least you can't go broke on that path..