berkshire101 Posted August 28, 2015 Share Posted August 28, 2015 http://www.bloomberg.com/news/articles/2015-08-28/while-many-panicked-japanese-day-trader-made-34-million Crazy story. Link to comment Share on other sites More sharing options...
peter1234 Posted August 28, 2015 Share Posted August 28, 2015 http://www.bloomberg.com/news/articles/2015-08-28/while-many-panicked-japanese-day-trader-made-34-million Crazy story. Thanks for sharing. :) Link to comment Share on other sites More sharing options...
rb Posted August 28, 2015 Share Posted August 28, 2015 So some guys get's lucky and then he gets a Bloomberg story? Link to comment Share on other sites More sharing options...
ScottHall Posted August 28, 2015 Share Posted August 28, 2015 Is it really luck, though? When you're talking about a guy who's made north of $100 million day trading, you must be open to the chance that this guy has a legitimate edge here. More than one way to make money. Link to comment Share on other sites More sharing options...
yadayada Posted August 28, 2015 Share Posted August 28, 2015 His returns were ridicilous too, like something north of 60% per year? He started with a very small amount. Link to comment Share on other sites More sharing options...
apparat Posted August 28, 2015 Share Posted August 28, 2015 The profiled him last year, it's a hilarious story and it is claimed: "He found success after a friend gave him a piece of advice: Forget the fundamentals." “Buy stocks that are being bought, and sell stocks that are being sold.” http://www.bloomberg.com/news/articles/2014-09-25/mystery-man-moving-japan-made-more-than-1-million-trades Link to comment Share on other sites More sharing options...
muscleman Posted August 28, 2015 Share Posted August 28, 2015 I've seen this kind of stories all the time in China. Brokers love this kind of stories as it encourages people to trade more frequently than they should, and the brokers can make more money out of these people. Whether it is a true story or not is another matter. Maybe this is a true story or maybe it is not. Hard to say. :) Link to comment Share on other sites More sharing options...
Otsog Posted August 28, 2015 Share Posted August 28, 2015 Probably a 300+ Actions Per Minute Grandmaster Starcraft player. Definitely an edge. Link to comment Share on other sites More sharing options...
berkshire101 Posted August 28, 2015 Author Share Posted August 28, 2015 I think he said somewhere in the article that he risked $100+ million to make that $34 million, crazy. Risking 100% of your capital to make 30% something percent. Link to comment Share on other sites More sharing options...
rb Posted August 28, 2015 Share Posted August 28, 2015 I think he said somewhere in the article that he risked $100+ million to make that $34 million, crazy. Risking 100% of your capital to make 30% something percent. Yea that could have easily went completely the other way and nobody would be writing stories then would they? Every time we have some big market dislocation, or large and sudden spike in volatility we hear about one of these guys. Does anyone remember any of the others from the past? Where are they now? They should be mega billionaires if they are so awesome. Link to comment Share on other sites More sharing options...
rpadebet Posted August 28, 2015 Share Posted August 28, 2015 I dont know about an edge here....maybe I dont understand this stuff at all. But here is why I think he got lucky... there was panic but things could still go wrong for the shortist - what if the Fed,ECB and BOJ all announced some sort of QE or market intervention before US markets open? I don't know what edge he has to protect himself against such news risk when he is doing short term trading. But he seems to be lucky more than once....so who knows. He could be the one out of the 1000 who called a coin toss correctly 10 times in a row. Link to comment Share on other sites More sharing options...
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