Japanese Day Trader Makes $34 million
- Thread starter justrading
- Start date
Well the guy has earned 150MM prior to this starting with something like 10k. Bloomberg did an article about him a year or two ago and he showed them evidence (brokerage statements and account statements). It's probably not luck.
Says the guy who can hardly open a broker account for lack of minimum account size required. Hilarious
I was about to post this same article last night.......This is hard to believe, even though he has brokerage statements to back up his trades and validate his claims its still hard to fathom such an amount he has made not only from this past week but his career, Over $100 million?
Now I don't know about you but if you put on a trade that size worth tens of millions of dollars are you going to step out and go for a "WALK"....come on...
This is the point where most traders would take their money off the table and call it a year. Not CIS.
“I’m adding to my position,” he wrote on Twitter. “Then I’m going to go for a walk and prayer.”
This is the point where most traders would take their money off the table and call it a year. Not CIS.
“I’m adding to my position,” he wrote on Twitter. “Then I’m going to go for a walk and prayer.”
In my experience, these sorts of stories always turn out to be bollox. I've seen loads of them on the dailymail site, and they are always exposed some time later as being completely untrue.
However, assuming there it is true, how could someone be so good. He must have some sort of information edge. Certainly doubt he's drawing lines on charts!
However, assuming there it is true, how could someone be so good. He must have some sort of information edge. Certainly doubt he's drawing lines on charts!
HIS QUOTE FROM 2014.....
“He found success after a friend gave him a piece of advice: Forget the fundamentals. CIS doesn’t subscribe to the Nikkei or any other newspaper. Nor does he scrutinize earnings reports or parse central bank statements or spend much time looking at moving averages or other price chart patterns normally associated with technical trading.”
http://zortrades.com/8-things-to-learn-from-japans-biggest-day-trader/
“He found success after a friend gave him a piece of advice: Forget the fundamentals. CIS doesn’t subscribe to the Nikkei or any other newspaper. Nor does he scrutinize earnings reports or parse central bank statements or spend much time looking at moving averages or other price chart patterns normally associated with technical trading.”
http://zortrades.com/8-things-to-learn-from-japans-biggest-day-trader/
Well, the profile (link in post #7) Bloomberg did of him before stated;
"He did show multiple 2014 statements from one of his many brokerage accounts, in addition to his 2013 tax return. Those brokerage statements, from SBI Holdings Inc., showed liquid assets ranging from 4.4 billion yen to 4.8 billion yen. His tax return showed he traded 1.7 trillion yen worth of Japanese equities in 2013 -- about half of 1 percent of the value of all the share transactions done by individuals on the Tokyo Stock Exchange. On his busiest day, he says, he bought and sold 70 billion yen worth of stocks."
Now there've been lots of stories and claims, this is the first time I've heard of a trader providing Tax Returns to support his claims.
It's not unheard of for reporters to fabricate stories, but this particular one has gone on for some time, unlike the typical one-off pieces.
As for going for a walk, if there is a hard stop in place, why not?
Yeah the guy seems to be competing with you for the title of asshole of ET, but I still need to figure out if he has posted anything constructive.
And he likes CAPS, impressive.
