A baby boomer who retired early turned to trading meme.jpeg
Tom Reerdon, 75, began trading the M -shares after his early retirement.As a matter of courtesy Tom Reerdon
Tom Reerdon, 75, has started trading MIN to combat boredom in retirement.
He ended up doubling his portfolio in almost three years by trading high -voltage stocks.
Business Insider told his time to spend time while earning “Money Vegas” on the side.
No one told Tom Reerdon how the dull retirement would be.
After working in the radio industry for more than three decades, the 75 -year -old has officially left the workforce for more than two decades, as he saved and prepared to enjoy the “life of the rural club”, and he told Business Insider in an interview.
A post-action life, most of which are filled with golf tours with boys-play more than 200 rounds in one year-where he was much less exciting than he expected.
Then he stumbled on the market for Mimi’s shares.
“I mean, you can only play a golf,” Redon said. “A friend of mine suggested the day of trading. I went,” yes, why not? “
As long as traders go, Rurdon is rare. He is one of the many retailers who flooded the market in 2021, when the stock market was supported by a flood of the epidemic incentive and M and symbols of the M -shares, embodies the cultural zeitgege.
It is one of the few who managed to stay profitable, although betting on some of the most volatile markets.
Rurdon, who is trading with a mixture of MEME shares and other high -voltage shares from Ruth Ira, has seen the value of his wallet increasing by 82 % over the past three years, with $ 3,000 of unrealized gains this year alone, according to a brokerage statement seen by Business Insider.
It is not an amount that changes life. But this is important for Ardon, whose goal is more to fill his days – and of course, he makes some additional “Figas” money, if the markets swing in the right direction.
“The money was not the problem,” he said. “This is what to do.”
The presence in the field of radio was the best work that Rardon was ever. However, with the passage of time, the industry has changed so much that it stopped fun, which led him to resign when he was 55 years old. From there, his dilemma began.
The 2024 survey of Builder found the CV that boredom was the second most common cause of the popular, retired Americans, they were considering returning to work next year.
Bored with a golf course, Rurdon tried his hand in a group of different activities. Volunteer to read for the blind. Shortly launched a fuse company. In 67 years, he became a truck driver for While Foods, mainly because he wanted to do some scenes throughout America.
Nothing seems to stick to the market.
“The daytime trading is the only lifestyle that I love, because two or three hours a day – and that research includes – then ends,” the daytime trading is the only lifestyle that I love, because two or three hours a day – and that research includes – then ends, “adding that he saw the activity fun and flexible. “If you want to go to the ball game or you want to go to water or sailing or anything you want to do, you have a lot of time on the rest of the day to do this. It’s dynamite this way.”
Raerdon adds that Trading is like a job, although his style is more relaxed than retailers who trade full -time. His day begins at 8:30 am MT – after most market traders – and his dog walks, Lucy. After that, he will read on what is going on on the market, and begins trading at about 9:00 am. After an hour or so, he will begin to conclude his positions, although he will sometimes work “late” if there is a little longer trade.
“I mean, I treat it as a job, but like a three -hour job,” he said, adding that he only trades two to three days a week.
Rurdon, who studied chemistry in the college and was self -taught as much as the financial markets go, said it took some time to find his sister. Here is what the matter has ended for him:
Focus on AI and high -voltage stocks. Rurdon said it focuses on trading high -shift stocks, partly due to the fact that the big moves within the day means that there is higher capabilities to convert a quick profit.
This is one of the reasons why it takes sites on the shares of Meme. Rurdon said on both Gamestop and Opendooor amid retail madness.
Nevertheless, although it focuses on the wonderful seventh shares, the prosecution -related shares, and other shares with a lot of ton on social media.
Technical analysis. Rurdon said that the merchants must have a close interest in the technology of the share, perfectly by having one screen for each share.
Once Raerdon determines an arrow that wants to trade, he sees its indicators, such as the moving averages of the stock, and awaits a perfect “preparation” or a pattern indicating that the stock can move in a specific direction.
Early from his commercial career, Rurdon said he lost a “lot” of money on the options because he had eight or nine positions working at one time and could not all follow it.
“The ego goes,” oh, you can do this. Well, I couldn’t do this.
Get out quickly. Reerdon says he is trying to sell positions quickly – sometimes, and holds trade for a minute only – in order to reduce the chance of sharp losses.
If the trade goes well, he tries to sell as soon as he does $ 100 in this position.
If the trade is bad, the sale of its site will follow immediately once it decreases by 8 %. In his opinion, there is no benefit on average, a practice in which stock traders buy more stocks from stocks who lost their money in an attempt to reduce their average loss per share.
He said about his rule: “He has provided me a lot of money more than I thought, because I was letting the losers run long.”
Search, search, search. He said that Redon is not trading daily, but he is looking at the stocks seven days a week, adding that he believes it is important to be seized in the market every day. Rurdon says he spends about 20 hours a week reading leaflets such as the Wall Street Journal, Barron’s, Marketwatch and Business Insider.
When it comes to the MEME shares, Raerdon admits that it is a “completely” gambling, but he believes that the risks he imagined are calculated – all part of the fun for Raerdon, who also plays the poker game and says he goes to Las Vegas at least once a year.
He said about some of his losing bets: “Radio works are all great stress, so it seems as if it is not a big problem.” “When I lose in trade, I just forget the matter and go to the next stage. Because the next side, I may win twice as much.”
For those who want to repeat his lifestyle, he has only one advice: do not do it unless you are ready to put it at work.
“To be honest, I do not recommend anyone to circulate on the day of starting what they did not search for already,” he said, adding that he encouraged younger traders to start the paper trading account. “Do it and know if you can actually make money to do so. If you can’t make money, then why do you do it?”
Rurdon, who is still suffering from free time on his day, says he has a handful of exciting plans in the near future. Currently, he has planned trips to see friends and family in Florida, Georgia, New Mexico and New Hampsuire. He is also considering buying a boat to go with his dog.
