The Most Famous Day Trader, Ranked

Choose the day trader you think is the most famous!

Author: Gregor Krambs
Updated on Jun 17, 2024 07:40
Day trading can be a complex field to navigate with numerous individuals claiming success and expertise. Having a clear, ranked list of famous day traders helps newcomers and seasoned investors alike gauge who is making significant impacts in the market. This kind of information can be particularly useful for those looking to learn strategies or seek guidance in their trading journey. By casting your vote on such a list, you contribute to a community-driven assessment of who really stands out in the world of day trading. This not only helps in recognizing high achievers but also in identifying who might be rising stars worth watching. Your participation ensures that the rankings reflect current sentiments and keeps the list relevant and accurate.

Who Is the Most Famous Day Trader?

  1. 1
    30
    points

    Timothy Sykes

    Timothy Sykes is best known for turning $12,415 into $1.65 million by day trading penny stocks during his college years. He is now a financial educator.
    • Famous for: Penny stock trading and education
    • Net Worth: Reportedly over $15 million
  2. 2
    20
    points

    Paul Tudor Jones

    Paul Tudor Jones is renowned for predicting the 1987 stock market crash, which is often referred to as Black Monday.
    • Famous Trade: Short positions in the 1987 stock market crash
    • Profit from Trade: Reportedly tripled his money
  3. 3
    17
    points

    Ross Cameron

    Ross Cameron is the founder of Warrior Trading, a community of day traders. He is known for his transparency and for sharing his trading strategies.
    • Famous for: Day trading education and transparency
    • Strategy: Momentum trading
  4. 4
    10
    points

    Steven Cohen

    Steven Cohen is the founder of SAC Capital Advisors, a Stamford, Connecticut-based hedge fund focusing primarily on equity market strategies.
    • Famous for: High-frequency trading strategies
    • Net Worth: Reportedly over $14 billion
  5. 5
    1
    points

    George Soros

    Famous for 'breaking the Bank of England' on Black Wednesday in 1992, George Soros is considered one of the most successful forex traders in history.
    • Famous Trade: Shorted $10 billion worth of British pounds
    • Profit from Trade: Over $1 billion in a day
  6. 6
    1
    points

    Jim Simons

    Jim Simons is the founder of Renaissance Technologies, a private hedge fund based in Setauket-East Setauket, New York, known for its quantitative trading strategies.
    • Famous for: Quantitative trading strategies
    • Net Worth: Reportedly over $23 billion
  7. 7
    1
    points

    Edward Thorp

    Edward Thorp is known as the father of card counting in blackjack, but he's also a hedge fund manager who has used quantitative trading to amass a fortune.
    • Famous for: Quantitative trading strategies
    • Net Worth: Estimated to be hundreds of millions
  8. 8
    1
    points

    Ray Dalio

    Ray Dalio is the founder of Bridgewater Associates, the world's largest hedge fund. He is known for his practical approach to trading and investing.
    • Famous for: Principles-based approach to investing
    • Net Worth: Reportedly over $18 billion
  9. 9
    1
    points

    Jesse Livermore

    Known as the 'Great Bear of Wall Street', Jesse Livermore made his fortune by short selling during the stock market crashes in 1907 and 1929.
    • Famous Trade: Short selling before the 1929 crash
    • Profit from Trade: Approximately $100 million
  10. 10
    1
    points

    Nick Leeson

    Nick Leeson is infamous for causing the collapse of Barings Bank, the United Kingdom's oldest investment bank, through speculative trading.
    • Famous Trade: Speculative trading that led to the collapse of Barings Bank
    • Losses: $1.4 billion

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About this ranking

This is a community-based ranking of the most famous day trader. We do our best to provide fair voting, but it is not intended to be exhaustive. So if you notice something or day trader is missing, feel free to help improve the ranking!

Statistics

  • 1770 views
  • 83 votes
  • 10 ranked items

Voting Rules

A participant may cast an up or down vote for each day trader once every 24 hours. The rank of each day trader is then calculated from the weighted sum of all up and down votes.

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Additional Information

More about the Most Famous Day Trader

Timothy Sykes
Rank #1 for the most famous day trader: Timothy Sykes (Source)
Day trading involves buying and selling financial instruments within the same trading day. Day traders aim to profit from small price movements. They use various strategies to achieve their goals. These strategies include scalping, momentum trading, and swing trading. Scalping involves making dozens or hundreds of trades in a day. Each trade seeks to profit from small price changes. Momentum trading focuses on stocks that are moving strongly in one direction. Swing trading tries to capture gains in a stock within one to several days.

Day traders need to stay alert. They monitor the market constantly. They use charts, patterns, and technical indicators. These tools help them make quick decisions. Speed is crucial. They need to enter and exit trades fast. A delay of even a few seconds can mean the difference between a profit and a loss.

Day trading requires a lot of capital. Traders need money to take advantage of small price moves. Brokers often require a minimum balance. This balance ensures that traders can cover potential losses. Many day traders work alone. Some join trading firms. These firms provide capital and resources. In return, traders share a portion of their profits.

Successful day traders have certain qualities. They are disciplined. They stick to their trading plans. They do not let emotions drive their decisions. They are also adaptable. Markets change quickly. Traders need to adjust their strategies. They must learn from their mistakes. Keeping a trading journal helps. It allows traders to review their trades. They can see what works and what does not.

Day trading is not easy. Many people try and fail. It requires skill, knowledge, and experience. It also involves risks. Traders can lose a lot of money. They must be prepared for losses. Risk management is key. Traders set stop-loss orders. These orders limit potential losses. They also set profit targets. This ensures they lock in gains.

Technology plays a big role in day trading. Traders use advanced software. This software provides real-time data. It helps them analyze the market. High-speed internet is essential. It ensures quick execution of trades. Many traders use multiple monitors. This allows them to track several stocks at once.

Education is important. Many day traders take courses. They read books and articles. They attend seminars and webinars. They also follow market news. Staying informed helps them make better decisions.

Day trading has evolved over time. In the past, it was limited to professionals. Advances in technology have changed this. Now, anyone with a computer and internet can try day trading. Online brokers have made it accessible. They offer low fees and easy-to-use platforms.

Despite its challenges, day trading attracts many. The potential for high profits is appealing. Some traders achieve great success. They become famous in the trading community. Their stories inspire others. But it is important to remember the risks. Day trading is not a guaranteed way to make money. It requires hard work, dedication, and a willingness to learn. Those who succeed often spend years honing their skills. They understand that losses are part of the game. They stay focused and committed to their goals.

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