Confessions of a millionaire City trader — who quit aged 27 (2024)

FAQs

Who was the city trader who quit aged 27? ›

Stevenson retired from trading in 2014 when he was 27 and enrolled at the Keble College, Oxford to study for a master's in economics, writing a thesis titled "The Impact of Inequality on Asset Prices When Households Care About Wealth".

A working-class kid who was expelled from school, Gary Stevenson was paid seven-figure bonuses by Citigroup while still in his twenties. He tells Jim Armitage why he had to give up his job before it killed him.

A former London trader has revealed the moment he won a $35 million (£27.9 million) bet that he made on 'society collapsing'. Gary Stevenson made his first million quid back when he was just 24 years old. He did this betting on the outcome of Greece's then financial crisis back in 2011.

Joe Ross, trader, author, trading educator is one of the most eclectic traders in the business. His 48+ years include position trading of shares, and futures. He daytrades stock indices, currencies, and forex.

Jesse was highly successful but also lost his fortune several times. He was always the first to admit when he made a mistake, and when he lost money it came down to two potential culprits: The rules for trading were not fully formulated (not the case for most of his losses). The rules were not followed.

At that time, Nicolas Darvas was a dancer and came down to the stock market accidentally and hence, is also known as an Accidental trader.

Many people have made millions just by day trading. Some examples are Ross Cameron, Brett N. Steenbarger, etc. But the important thing about day trading is that only a few can make money out of day trading and the rest end up losing their entire capital in day trading.

The answer is yes! Forex can make you a millionaire if you are a hedge fund trader with a large sum.

Takashi Kotegawa, often referred to by his online nickname "BNF," is a Japanese day trader known for turning significant profits in the Japanese stock market.

Who is the LDS billionaire apostle? ›

After growing up in poverty he became a millionaire as a highly successful trader at Citibank, then quit at 26, feeling exhausted. These days Stevenson is an activist trying to stop the global economic system from collapsing due to rising inequality.

Kent Bray, a former colleague of Stevenson at Citi, says: 'Gary was a good trader, but he wasn't the best. He didn't do it for long enough. ' But despite the money, he was not happy.

By 2011, he says that he had become the bank's most successful trader – indeed the world's best trader. Former colleagues dispute this. Kent Bray, a former colleague of Stevenson at Citi, says: 'Gary was a good trader, but he wasn't the best. He didn't do it for long enough.

In 1983, Mark Minervini started off with only a few thousand dollars and managed to accumulate substantial wealth through his skill set in trading and his healthy entrepreneurial portfolio.

A millionaire who retired at 36 shares the top 4 funds he's holding, the ones he's sold due to high fees, and the stock up 1,000% in the last 10 years that's yielded him the most gains. Michael Quan had been saving for early retirement since the age of 22. He began by investing in stocks and funds with higher fees.

The average age of a first time millionaires is 37, it has been found. In data released by Betway Insider, the average age of a first time billionaire is also revealed: and is a little higher at 51. So, if you're not quite there yet, what can you do to make your first million?