Japanese Day Trader Makes $34 million

Discussion in 'Wall St. News' started by justrading, Aug 28, 2015.

  1. Absolutely agree. Asymmetric returns is the way to do it. The standard metrics for trading stocks just don't apply and some find it hard to believe.
     
    #41     Aug 29, 2015
  2. ...CIS said he has no idea whether or not China is going to drag down the global economy. He doesn’t even care. When he trades, he tracks volumes and price moves to follow the momentum. For him the basic rule is: “Buy stocks that are being bought, and sell stocks that are being sold.”
     
    #42     Aug 29, 2015
  3. Al_Bundy

    Al_Bundy

    If it's that simple I wonder why aren't there more people making millions day trading...
     
    #43     Aug 29, 2015
  4. SIMPLE
    easily understood or done; presenting no difficulty.

    EASY
    achieved without great effort; presenting few difficulties
     
    #44     Aug 29, 2015
  5. fxwizard

    fxwizard

    Japan is no safe place. A while a go, a highschool girl got fatally stabbed over the $100 (Yen equivalent) in her purse. Could you imagine the consequence of walking around in Tokyo when everyone knew you were a multi-millionaire? You'd have not random robbers with knives but a whole mafia coordinated attack.
     
    #45     Aug 29, 2015
  6. You make a good point. There are elderly people who shoplift and ensure they get caught, because they cannot afford food and shelter and prison affords both.

    That begs the question, why don't they just become beggars, or panhandlers in American parlance. I've only ever passed through Tokyo en route to the States or back. Has anyone ever been there and seen beggars? Why would a harsh prison regime be preferable to begging in the Japanese psyche? Is there a distinction in terms of honour?

    If people would rather be criminals than beg, I wouldn't be in too much of a hurry to boast about how rich I am if I could be identified.
     
    #46     Aug 29, 2015
  7. copa8

    copa8

    I'll take awhile ago, over daily here in the U.S. You get killed for less than $100. Just open the crimes sections of your local newspaper.
     
    #47     Aug 29, 2015
  8. Al_Bundy

    Al_Bundy

    #48     Aug 29, 2015
  9. i960

    i960

    Even if JP is safe I'd still keep my mouth shut as an independent trader. You simply do not want your name to be known.
     
    #49     Aug 29, 2015
  10. That just doesn't happen here.

    Nope. Shoplifting is easy to do here and they don't expect to get caught. Maybe one in a thousand would prefer to be behind bars.

    There are lots of homeless people, but it may surprise you to learn that there are no beggars.
    Only once in 48 years living here did I see a guy sitting on the street with a tin can in front of him. And never do they come up to you asking for a handout.
     
    Last edited: Aug 29, 2015
    #50     Aug 29, 2015