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......Ask Me Anything OK. Who makes the better trader? A taxi driver or a bus driver? Ans. A bus driver. A taxi driver takes tips, but a bus driver knows where all the stops are!

El OchoCinco said: What's the fastest land mammal? I think you looked, so you Cheetahed!

Edge in trading I would say it's the ability to identify, read, and trade the trend. What more would you need?

Really? There are skilled traders who enjoy the financial and other freedoms of independent traders. You should try it, if you have the ability to join the real world of trading, that is!

The subject at hand was GS traders on TSE and OSE vs MM's.

Because they were not traders getting a cut of the profits they generated.

Exactly!! And if an independent trader can't make more in a day percentage wise than an institutional investor can make in a year, he just needs to study more.

No, at the time MM's did not even exist here in Japan .

I used to live in an apartment building where a number of Goldman's traders lived. All of them were admittedly envious of me as an independent trader. When I asked them why, and why they didn't go out on there own where they could make more money, their response was that they could trade by...

If you can read the trend, you can not only compete with the best, but can be one of those who made it!! It does take study and work though to get there. And don't fear being taken by the so called pros. They are often just as confused and as wrong as the next guy.

I'm not that familiar with other markets, but isn't the margin requirement 50% in most markets? If so, Japan's 30% requirement would make it just that much more attractive, wouldn't it?

The interest rate for borrowing the shares is 2 to 3% p.a. So for 1 day it's just a few yen. But if the trade is over 3 million yen, the interest is waived by some brokers.

Well, while the commission is 0, there is the small interest payment of between 2 and 3% depending on the broker. So that would be just 30 to 40 yen per trade for the average small lot trader. But the brokers are also interested in gaining market share by offering 0 commission, and hope that...

There are no tricks or small print to worry about. But if you don't want to day trade, SMBC Nikko Securities, the 3rd largest Japanese broker, also offers ￥0 commission without the day trading rule. http://www.smbcnikko.co.jp/service/fee/ez_margin/index.html But be it ￥0, ￥80, or even a few...

You're most welcome. Sorry I misread your original post. If it is of any interest to you, here is a current list of shares and the charges in red from the Japan Securities Finance Company. http://www.nisshokin.com/gyakuhibu/

Yes, a foreign resident in Japan can do short selling on TSE provided that the broker allows him to open a margin account. The cost of borrowing the shares is determined by The Japan Securities Finance Company. If there is a shortage of shares, the cost varies from 0.05 yen per share to 50 yen...

Yeah, and so what is there left to say to what sounds like the rantings of an hysterical old woman?

Independent trader. Try it, you'll love it!! Showed him one of my bank accounts. Yep. Nope. A company that guarantees tenants. Envious?? Don't have to. Just want to. In your mind only Never mentioned it. Refuted almost all of them correctly. Never painted it. Yes, to avoid readers...

No, no, no. You obviously don't understand how commission works. That would be 16% RT. That doesn't exist on this planet. Commission is not based on the price of a stock. It's based on the total value of the trade. And the commission on a trade up to 3 million yen is just ￥80. Over 3 million...

I rent my apartment and have a number of bank accounts. You provide more misinformation than the Devil!! So, still working for a living, are you? Too bad. I retired at 38! But as you know everything, maybe someday you'll have what it takes to make it, or maybe not.