Day Traders Dream

J

justrading

Perennial topics of discussion are 'Does TA work' and 'Are there successful day traders', and the 2 are more than a little connected.

How about these metrics?

Total liquid assets: >$40 million

Total value of trades in 2013: >$15 BILLION

Verified by Bloomberg, the first from (named) brokerage statements, the second from a TAX return.

Starting capital: About $10,000 (in 2000).

Claimed win rate: 60%

Basic approach: “Buy stocks that are being bought, and sell stocks that are being sold.”

Japanese chap who won't be named, but not the one who only eats cup noodles.

http://www.bloomberg.com/news/2014-...ng-japan-made-more-than-1-million-trades.html
 
Basic approach: “Buy stocks that are being bought, and sell stocks that are being sold.”

http://www.bloomberg.com/news/2014-...ng-japan-made-more-than-1-million-trades.html
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I found this article quite interesting. Usually, in trading, what one makes does not interest me, as much as HOW one makes it.

However, in this case, the nature of his psychological perception towards money is intriguing. I have previously seen, and still do from time to time, traders having a higher win rate, as well as reigning in consistency, making way less than traders that have an inferior win rate and are less consistent.

The barrier here is the traders mind! CIS on the other hand, has overcome this to such an extent, that it is almost nonexistent for him. His barrier is the market. He can only trade so much, before he moves the market enough to start skewing his risk ratio.

If I had to interview him, I probably wouldn't ask very many questions in regards to how he trades. I'm assuming that is trading method isn't very complex. However, it would be very interesting to find out how he breaks the psychological barriers which allow him to put on such a high stakes!
 
Alpha Trader said:
I found this article quite interesting. Usually, in trading, what one makes does not interest me, as much as HOW one makes it.

However, in this case, the nature of his psychological perception towards money is intriguing. I have previously seen, and still do from time to time, traders having a higher win rate, as well as reigning in consistency, making way less than traders that have an inferior win rate and are less consistent.

The barrier here is the traders mind! CIS on the other hand, has overcome this to such an extent, that it is almost nonexistent for him. His barrier is the market. He can only trade so much, before he moves the market enough to start skewing his risk ratio.

If I had to interview him, I probably wouldn't ask very many questions in regards to how he trades. I'm assuming that is trading method isn't very complex. However, it would be very interesting to find out how he breaks the psychological barriers which allow him to put on such a high stakes!
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The OP points out the trader uses "activity" to signal "buy" or "sell". I agree. The time offset between the signal and the price beginning movement is 1 1/2 hours which is a lot of time so the trader remains relaxed, mostly.

You add the pragmatic aspect which is the "capacity" of the market to process capital. A person can only trade 10% of cumulative volume and never exceed the existing T&S block size while doing the partial fills to reach the "capacity." this would be about 4 hours for the type of capital mentioned by the OP.

When 40m of capital is used it would be best the spread that over 12 streams of separate stocks in US markets. Having A Universe to choose from would involve about 120 stocks and, in WJO'N terms the QA would required dipping as low as 80 to 90% for EPS and RS values.

Instruments cycle using two opposite trends; Timing is taken care of by "scoring" the cycle to anticipate the "buy" and the sell" for longs and vica versa for shorts.

nice post.
 
jack hershey said:
The OP points out the trader uses "activity" to signal "buy" or "sell". I agree. The time offset between the signal and the price beginning movement is 1 1/2 hours which is a lot of time so the trader remains relaxed, mostly.

You add the pragmatic aspect which is the "capacity" of the market to process capital. A person can only trade 10% of cumulative volume and never exceed the existing T&S block size while doing the partial fills to reach the "capacity." this would be about 4 hours for the type of capital mentioned by the OP.

When 40m of capital is used it would be best the spread that over 12 streams of separate stocks in US markets. Having A Universe to choose from would involve about 120 stocks and, in WJO'N terms the QA would required dipping as low as 80 to 90% for EPS and RS values.

Instruments cycle using two opposite trends; Timing is taken care of by "scoring" the cycle to anticipate the "buy" and the sell" for longs and vica versa for shorts.

nice post.
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ABSOLUTELY RIDICULOUS
 
I remember it being BNF who only eats cup noodles, not this guy.
Anyway, the rumor is that this dude comes from a rich family and if he loses all of his funds, it's not a big event. Also, it's said that he trades on information not avail to the public. Those are just the rumors of course.
 
d08 said:
I remember it being BNF who only eats cup noodles, not this guy.
Anyway, the rumor is that this dude comes from a rich family and if he loses all of his funds, it's not a big event. Also, it's said that he trades on information not avail to the public. Those are just the rumors of course.
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You are right that it was BNF who was reported to only eat cup noodles. Seriously bad for the kidneys.
 
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