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75-Year-Old Early Retiree Turns Day Trading Hobby Into 82% Three-Year Gain

He trades meme stocks alongside other high-volatility names in a Roth IRA using a strict rules-based approach.

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Overview

  • Tom Rairdon adopted day trading to combat retirement boredom after leaving the radio industry more than two decades ago.
  • A brokerage statement reviewed by Business Insider shows an 82% portfolio increase over three years with about $19,000 in unrealized gains this year.
  • He focuses on volatile names with heavy buzz, including the Magnificent Seven and AI-related stocks, executing trades from his Roth IRA.
  • His routine involves daily research, two to three trading days per week, and sessions of roughly two to three hours that begin around 8:30 a.m. MT.
  • He emphasizes technical analysis, quick exits with a $100 profit target or an 8% loss cutoff, limits concurrent options positions, and urges newcomers to research and start with paper trading.