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    Japanese Day Trader Makes $34 million

    I don't think he reads English. I tweeted to him in Japanese. I asked him for advice for beginner traders. He said that he used to work full time and traded part time (equities only) and once he saved about 20 million, he decided that it made more sense to trade full time because at that point...
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    Japanese Day Trader Makes $34 million

    Cis tweets his trades real time with screenshots of unrealized PnL for his futures trading. He is very approachable too if you tweet to him he would reply as long as you are not trolling.
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    Why do brokers display different live prices?

    It's a CFD contract. Your broker is free to quote whatever spread they think reasonable. Think forex
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    Thanks for the info. I have just submitted an application for Matsui. Are you trading with them...

    Thanks for the info. I have just submitted an application for Matsui. Are you trading with them currently?
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    So yeah it's pretty much just another hype the brokerages themselves have created to get more...

    So yeah it's pretty much just another hype the brokerages themselves have created to get more people to pay them commission lol
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    Second, one cannot use IFDOCO or OCO on J-Net so one would have to monitor the position all the...

    Second, one cannot use IFDOCO or OCO on J-Net so one would have to monitor the position all the time. Third, even in instances where i got filled on J-Net, I would have been filled on OSE as well. There is no advantage in using J-Net
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    Okay so after some testing I have found out that the J-Net thing is quite useless. First of...

    Okay so after some testing I have found out that the J-Net thing is quite useless. First of all, only about 1/10 the trades I have taken (while indicating that I wish to be routed to J-Net) got filled on J-Net. And if I do not get filled on J-Net, I do not get commission discount.
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    SBI Securities started offering 50 yen round trip for mini nikkei that went through their dark...

    SBI Securities started offering 50 yen round trip for mini nikkei that went through their dark pool too. Basically they will first try to match your order with another client's order. If there isn't a match then they route your order to OSE. What do you think of that?
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    Wow, 50 yen round trip. That is so cheap!! It also shows the kind of cut-throat competition that...

    Wow, 50 yen round trip. That is so cheap!! It also shows the kind of cut-throat competition that is going on in the futures industry. I wonder how brokers can make enough money if commissions keep going down.
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    However, since their correlation is so high, it probably would not make any difference...

    However, since their correlation is so high, it probably would not make any difference switching. At the end, one is better off trading whichever instrument that has better volume to increase the odds of getting filled. So, like you said, we gotta just wait and see.
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    Maybe it is the fact that JPX400 is market cap weighted made me interested as companies such as...

    Maybe it is the fact that JPX400 is market cap weighted made me interested as companies such as Fast Retailing and SoftBank have too much weight in Nikkei which made me feel like I am just trading their stocks sometimes.
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    Hey it is been a while. How are you doing with day trading futures lately? I just wanted to ask...

    Hey it is been a while. How are you doing with day trading futures lately? I just wanted to ask your thoughts on the soon-to-be listed JPX-Nikkei 400 index futures later this month. The contract size looks good to small traders and the same tick size as Nikkei really made me interested. What are...
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    Hello, In addition, I want to give day trading large cap stocks a try so I don't have to wait...

    Hello, In addition, I want to give day trading large cap stocks a try so I don't have to wait for the right set ups on futures all day. Should I just isolate stocks to high volume Nikkei 225 components using this Bloomberg page? http://www.bloomberg.com/markets/stocks/movers/nikkei-225/ I have...
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    I have been waiting for TradeStation to be available on Monex for quite some time. It would be...

    I have been waiting for TradeStation to be available on Monex for quite some time. It would be nice if they can do it soon. Also, I have observed that on that larger than usual limit orders for mini contracts tend to attract price to go there. For example, if the size of limit orders are around...
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    Today the volume of mini contract was less than 1/2 of the large contract. Does this usually...

    Today the volume of mini contract was less than 1/2 of the large contract. Does this usually happen before expiration date? Also, I have another question regarding consolidation ranges. Suppose I am looking to trade a breakout of a range, should I use the trading range of large contract or mini...
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    I see. My goal is to eventually grow my account large enough so I can trade the large contract...

    I see. My goal is to eventually grow my account large enough so I can trade the large contract and applying proper risk management. Recently, the large contract market has been doing more volume than the mini contract market. I am really curious as to why investors/traders choose to trade in...
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    Hello, Thanks for your information. Can you elaborate more on the reasons why you think...

    Hello, Thanks for your information. Can you elaborate more on the reasons why you think starting out with shares trading is better than futures trading? Two main reasons why I am trading futures but equities are 1) I was denied a margin account by my broker when I first started 2) I don't know...
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    Also, may I ask which broker you use? I am with SBI Securities because I use their internet...

    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?
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    I passed the JLPT level one last year but my Japanese is far from being competent to conduct...

    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...
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    Hello, I am studying business and economics at Sophia University. I am going to do some job...

    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...
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