Millionaire Trading Strategy
We have all been there. We have a few thousand dollars and want to become a millionaire. Conventional wisdom is to invest in index funds for 30 years and get that 10% return annually, eventually retiring with a few million in your portfolio. This works but it’s extremely slow.
Then we start learning charts and patterns and think we can spot trends using technical analysis. This doesn’t work long-term for massive gains because there are always better people out there, programs designed to do the same thing and make thousands of trades per minute while you’re still scratching your balls. TA only goes so far in this environment and doesn’t take into account external factors that really can move the market.
So what can we do to build wealth? After studying 3 of the biggest heroes on this app, I think I know. Let’s dive in.
First up, I think everyone has heard of this person, it’s @sirjack himself. He famously turned $35k to $10M during peak Covid times. Did he do that from $SPY 0DTE? No. He found companies who were poised for massive growth and full ported into shares. His account didn’t even allow options trading or margin. He would only make high conviction trades and stayed in until his thesis was correct or invalidated. I also invested $35k during Covid, but while I was buying airline and cruise stocks, SirJack figured out a mask manufacturing company and made a ton of money off it. Full write up from the man himself here: https://www.reddit.com/u/SIR_JACK_A_LOT/s/lefD0f57iZ
Second, the banned dragon of WSB @longwashere. Long famously turned $100k into over $5M in 6-7 months just to prove his first time wasn’t a fluke. I think he has stronger TA than he lets on, but he has very clearly stated that his strategy is to wait for pitches with high conviction and then he goes big. You can follow his Kinfo trades and it’s clear that was his strategy. He also stated recently that his strategy is to predict how markets will react to events, such as DJT going on the Rogan podcast, $NVDA bouncing back from fake DeepSeek news, or the $SPY puts around Trump tariffs. Long is also smart about his trades, selling covered calls to collect additional premium and avoid complete downside risk. More responses from Long in this thread: https://www.reddit.com/r/Daytrading/s/IKJumBJ7A2
Last up, the famous middle schooler turned trader @wTF. I know the least about this little guy, but he appears to follow similar strategies as the other two, going balls deep into just a few companies. These are companies that look undervalued with large opportunities ahead. But he’s not just purchasing shares or call options, he is using cash secured puts to get good entries and then selling covered calls for additional premium on the shares. Right now it’s mainly on $UBER and $BA but on his post history he did this with $HOOD and $ADBE as well.
So what’s the takeaway here? It’s that the big dogs all employ a similar, simple strategy: Buy very few companies, do very few trades, and make sure they have high conviction. We are wasting our time trying to YOLO options on earnings or buying shares in 50 companies. Pick your plays and go big. There is no need to stare at charts all day and watch the candles move every minute.
Btw, if I got anything wrong on the above analysis please let me know. Interestingly to these 3, Mr. @dick employs a similar strategy with high conviction trades, although the Dick Index has more companies than the 3 big dogs usually hold.
What do you all think? Will you employ similar strategies?