What happened to the GameStop traders: Best friends AJ Vanover and George Adams, both 32 and with partners and children, cashed out, using their windfall to quit their jobs at Ellis Battery to become full-time day traders.
The virtually rendered bright yellow Honda Civic Type R Limited Edition that AJ Vanover is racing in Forza Horizon 5 on his new Xbox Series X - which sits next to an equally fresh Nintendo Switch and PS5 - on his new 70" TV looks almost identical to the actual bright yellow 2021 Honda Civic Type R Limited Edition that's sitting in the garage of his new four-bedroom home.The video featured in the player above is from a previous report.
And if pressed to draw a picture of self-taught Redditors who hit the jackpot far from Wall Street, it would be hard to do better than Vanover and Adams: shaggy-haired best friends who long harbored ambitions beyond the limited opportunities offered by their hometown who won big on a once-in-a-lifetime trade that upended their lives.
AJ Vanover and George "Rash" Adams cashed out using their windfall to quit their jobs at Ellis Battery to become full-time day traders.Growing up in the small agricultural town of Sikeston, Missouri, about two hours outside of St. Louis, the two knew by high school that they had to get out. Adam's father worked in auto parts, and Vanover's was a public safety officer. For bright and ambitious kids who don't come from big farming families, Sikeston can seem like a dead end.
"We have individuals now who own 20, 30, 40-thousand acres controlled by holding companies," says Nickell. But it was in that Domino's kitchen, amidst orders of Philly cheese steak pizzas and Brownie Bombs, that Vanover first explained to Adams his latest plan: stock trading.For young traders like Vanover, whose ambition outstrips their capital, options trading is an alluring temptation.
Weeklies afforded Vanover the perfect combination: the potential for high returns with minimal capital investment. He got hooked on options trading in 2019 after he turned $50 worth of options on Disney into a surprising $3,087. Drawn in by theIn August 2020, an intriguing company caught Vanover's eye. An avid gamer, he wondered how the stocks of video game retailers performed when a new video game console cycle began.
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