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Interesting read of a super star underground trader in Japan


opihiman2
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http://www.businessweek.com/news/2014-09-25/mystery-man-moving-japan-made-more-than-1-million-trades

 

It jibes a lot with what I've read over the years from other traders.  George Soros, for example, said you only need to be right 4 out of 10 times to make money in the market.  But, you need to cut the losers fast.  I've also heard this from other well known traders.  Anyways, interesting read. 

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"control-A to guzzle a healing potion " - Now that's good to know.

 

I hate this line every time I hear it: "The trick is to sell the losers fast while letting the winners ride." Of course. That's the trick! That has to be the most repeated trading maxim I hear.

 

I'm not putting the guy down though. Sounds like he's smart and good at what he does. Interesting.

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I hate this line every time I hear it: "The trick is to sell the losers fast while letting the winners ride." Of course. That's the trick! That has to be the most repeated trading maxim I hear.

 

 

 

This reminds me of "buy what goes up, if it doesn't go up, don't buy"

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