a few minutes earlier Bloomberg came out with a story about how one Japanese day trader had a $75mm drawdown i thought it was CIS, but it turned out to be another guy apparently the $75mm drawdown only represented 20% of his personal portfolio so somehow he amassed at least US$370+ million & there are at least a few others like him known to the public. who knows how many in total there are across Japan why are the Japanese day traders so good? ie. getting to fortunes of hundreds of millions USD as individual day traders, while still in the prime of their lives it sure beats the randos making $3000 a pop on Tesla option plays or the PMs grinding out 2% per annum while dealing with nyc rents
asian skills. They really are special people. Hell they cant even produce "normal" pron because of their skills
If you put 1 billion into your account and have a 75 million drawdown, it means you are down 7.5% on a trade. It is not totally outrageous. Does not mean he is a good daytrader, because most people will say that risking more than 1-2 percent on a single trade is dumb.
Some people like trading and working strangely, never going to get it, I trade to rent and bills and fun money then stop each month cause lazy, some trade to billions but never spend it, just crazy. Billionaire = 10 TOP hookers, anything goes, every damn night till bored, which would be NEVER!!
Try, you'll never MAKE a BILLION playing it safe!! Presuming you only have £4.72 left in the world like me LOL