learner2007

Thank you for the GHU info. I'll pass it on. Limit orders only. While futures are attractive, you might want to consider starting with stocks. And after a few successful years, move on to futures. The platforms the brokers provide leave much to be desired. You might want to check out Kabu.com and Okasan. I don't know how up to date the following site is, but it might be of help for tools, fees etc. http://minkabu.jp/hikaku/fee.html. Many use one broker for charts, lists etc. and another for orders. Or you could use eSignal and Livestar which I think is the cheapest for futures.

Also, may I ask which broker you use? I am with SBI Securities because I use their internet banking services as well as credit card. But I feel their commission is a bit high compared to Click and IB. However, I do like their trading platform a lot. What is your opinion?

I passed the JLPT level one last year but my Japanese is far from being competent to conduct business in the real world. I just memorize the shit out of it lol.

The prop firm is called GHU trading. It used to be a joint venture between a Chicago based shop and local brokerage firm, now the brokerage firm bought back ownership so it's being run by Nissan Century Securities as of now.

Also, if you trade so frequently, are you using limit order to reduce trading costs? Or do you always hit the bid/ask because you have to get in?

Well, to answer your question, I suppose it is because the market does not care what I think? In fact, market has risen when I was extremely bearish and has fallen when I was extremely bullish so having an opinion may not necessarily serve my best interest.

A few years ago someone I know searched for a prop firm here and found none. And I've never seen an ad for one placed by a local broker. If you are aware of a prop firm(s) here, my friend might still be interested.
I wish you luck with your job hunting later this month. Do you speak Japanese? If so, there should be many openings.
Excuse me if I'm wrong, but by your question I feel that you define day trading in the same way that many do. Being that day traders enter after the open, hold for most of the day and then exit near the close. While there may be some that trade that way, it's not the normal approach. The exit may come even seconds after the entry.
I never have, and never will, held a position from one session to the next. You can do that with stock, but not with futures. I never hold during lunch, and never enter a position after 14:45.There are more than enough opportunities during the day.
Bullish and bearish should not be in the trader's vocabulary. Can you guess why?

Hello,

I am studying business and economics at Sophia University. I am going to do some job searching at Tokyo Career Fair later this month and hopefully I can get offers. I am interested in trading but I do not want to work in finance simply because the hours are not for me. I am also considering going into futures prop trading at the prop trading arm of a domestic brokerage house (TSE, OSE and TOCOM member.)

Today was a nice trendy day for N225. Market continues to rise in afternoon session. When you day trade, how do you reconcile situations where market continues to go in your favor after you exited your position at the end of the trading day (assuming you trade from 9-3.) Do you carry positions into next session if you are still bullish or bearish or do you just call it a day and find other opportunities to get back in tomorrow? Would like to hear from an experienced trader. Thanks.

Yeah, around 40 years. Hope I can do it until the end. 100% TA.
Which university? Are you going to stay in Japan after you graduate?

Wow you are a veteran trader! I am interested in trading options one day but my account is too small for proper risk management as they only got options on the large 225 futures contract.

I have never traded stocks before. I suspect shares trading will involve more fundamental analysis than indices? Are you a fundamental trader, technical trader, or a mixture of both?

I day traded JGB futures up until last year when Kuroda ruined the bond market for trading.
Been trading Nikkei, JGB futures and options since 1990(day trading since 1999). Traded stocks here up to 1990 (no day trading then), and might start doing stocks sometime soon.

Hello,
I am currently a college student in Tokyo. I started trading FX a year ago mainly just following central banks but market got tougher since last June when people were unsure of the timing of tapering and I couldn't keep up with overnight trading so naturally I gravitated toward equity index futures that has good volatility in Tokyo market hours.

Is Nikkei 225 futures the only instrument you day trade? Do you trade anything else?

Paul

Hello learner2007. My name is Paul. I am also based in Tokyo. I saw a couple posts made by you and thought it would be an opportunity to get to know others who also trade the Nikkei 225 futures. I am new to this forum. Nice to meet you.