Meet 3 day-trading baby boomers who have been navigating the market for decades before the meme stock craze

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r/WallStreetBets crowd to know: they were here first.Baby boomers often get left out of conversations about retail investors, many of whom entered the market for the first time during meme stock mania in 2021. But there's a bustling group of 60+ year-old day traders who got into the market decades ago — and remain active — buying options and trading even as they sail into their retirement years.Business Insider spoke to three day traders over 60 who were still actively investing. The traders, all of whom have been in the market for more than 30 years, cited a handful of reasons they keep going: boredom, staying mentally sharp as they age, or simply wanting to pad out their retirement savings.They also shared some advice for younger people who are just starting their trading journey.Mark Lacy, a 67-year-old retiree, began day trading in 1994, in the days of dial-up internet. An exec in the telecommunications industry, he was investing with several brokers at the time, some of whom made bad bets and cost him thousands when the dot-com bubble ultimately popped.Frustrated, he joined an AOL chat room, which consisted of a "couple of guys sitting at home" and offering stock advice.Lacy had limited success at first, but eventually he hit his stride — and hasn't stopped since. Even though he's stopped working, Lacy starts his morning at 2 a.m. PT and immediately tunes into the premarket and latest coverage on CNBC. He'll eat breakfast while reading the Wall Street Journal and make a trading plan for the day. At 4 a.m., he begins executing trades and will go on for around six hours before enjoying his free time.Mark Lacy, 67, says his trading day begins at 2 a.m. PT.Courtesy of Mark LacyLacy says he looks for three things when he decides to trade a stock:Float, or how much of a stock is publicly tradedHow much inside ownership there isIf a stock has something that could potentially drive its price higher, like corporate news or a long-term trend, like quantum computing.If a company has low float, high inside ownership, and a potential catalyst, it's one to trade, in his book.Lacy keeps going for a lot of different reasons. For one, he believes trading is a great mental exercise and helps keep him sharp. He also thinks it's a great hobby for older adults, given that they often have spare capital to deploy and are "more patient and more disciplined" than a younger trader might be.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,334.04 +37.25 (+0.59%)Dow 3044,574.44 +232.25 (+0.52%)Nasdaq21,054.00 +158.34 (+0.76%)Russell 20002,247.89 +7.88 (+0.35%)VIX16.33 -0.08 (-0.49%)Gold3,407.20 +48.90 (+1.46%)PortfolioSign in to access your portfolioSign inTop gainersSTEM Stem, Inc. 17.65 +4.15 (+30.77%)ALAB Astera Labs, Inc. 123.83 +21.70 (+21.23%)CLF Cleveland-Cliffs Inc. 10.71 +1.23 (+13.01%)RXRX Recursion Pharmaceuticals, Inc. 6.53 +0.69 (+11.82%)IREN IREN Limited 19.88 +1.93 (+10.79%)Top losersQS QuantumScape Corporation 12.73 -1.91 (-13.07%)BRKR Bruker Corporation 35.54 -5.01 (-12.37%)NEGG Newegg Commerce, Inc. 26.91 -2.64 (-8.95%)DAVE Dave Inc. 197.78 -20.32 (-9.32%)LEU Centrus Energy Corp. 228.36 -20.98 (-8.41%)Most activeOPEN Opendoor Technologies Inc. 4.1950 +1.9450 (+86.44%)LCID Lucid Group, Inc. 2.8550 -0.1850 (-6.09%)QS QuantumScape Corporation 12.73 -1.91 (-13.07%)RIOT Riot Platforms, Inc. 14.55 +0.69 (+4.94%)NVDA NVIDIA Corporation 172.56 +0.15 (+0.09%)Earnings eventsTrending tickersOPEN Opendoor Technologies Inc. 4.2678 +2.0178 (+89.79%)VZ Verizon Communications Inc. 43.05 +2.20 (+5.40%)DJT Trump Media & Technology Group Corp. 19.43 +0.75 (+4.04%)NVTS Navitas Semiconductor Corporation 8.78 +1.99 (+29.31%)XYZ Block, Inc. 78.65 +5.83 (+8.01%)Top economic events