Japanese Day Trader Makes $34 million

[running_bare]

LOL

1/ Irony on ET

It's no different to how John Arnold trades: few bets but huge, high leverage, at 'high conviction times

Yet b/c Arnold is (was) managing OPM (institutional), everyone's kissing his ass, worshipping him & calling him genius...best trader in his generation etc.
This is the "halo" effect in action.
People give Arnold the benefit of the doubt

Yet b/c this Japanese guy is retail (managing his own money) he's a hot head, lucky plunger...
No benefit of the doubt.


2/ COPING on ET is laughable. No trader, no matter what he does can ever win.

- if he was managing OPM & trading in the same way, the pissants on ET would say
"B-b-but he's only trading that way because it's not his own money. Free call option blabla..."

- now that he IS trading his own money (significant size), the pissants on ET have something else to vent about


According to the "learned" sceptic arbiter w@nkers on ET, this Japanese trader would would need 50 years "track record" of over 50% per year (no losing years!) before they give him the benefit of the doubt that he has an "edge".
That it wasn't just "luck".

LOL

ps Your replies (coping) say more about you than anything else

Or maybe he was mostly luck. You seem convinced he was prescient. I call BULLSHIT on that notion.

FWIW...

(We won't know, of course, until we hear about his turning $34M into $34B.)

 

[fxwizard]

He could be just a fake story by Japanese Government just to simulate the stock market in Japan in general since Japanese feels scared of investing in stock market after super big crash in 90s.

Fake story why? I guess Jesse Livermore must have faked it too when he made a billion dollars shorting the market the same way CIS did!

 

[lawrence-lugar]

According to the Japanese article just21 linked, he started with 1.04 million yen in 2000. I don't have the average rate but if I take USD/JPY as 108, that would be a little over $9,600 as starting capital.

The Power of Compounding is Huge :eek:

Assuming you're good at trading...and letting your account just compound and compound...these 'huge trading success' stories that pop up every now and then...is not just folklore fiction.

Options/futures/derivatives...can help you achieve that.
This won't of course happen trading 1-2% of your account on stocks only...as another replyer just mentioned. -- you have to risk relatively big on the right instruments.

 

[volpunter]

The only asshole in the room is you. By your own proclamation you are a married man with kids who frequents whores at bathhouses as well as massage parlors and almost proudly presents his escapades to the world. Not only did you cheat and betray your wife (which makes you completely untrustworthy) but you sold her last piece of dignity in exchange for a good laugh. Who is the asshole here Luise?

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.

 

[volpunter]

While I fully agree with most everything you said you do realize that trading Nikkei futures and some Japanese equity and few currencies on a 100 million account is slightly different than trading a 20 billion book? What John Arnold has accomplished is indeed in an entirely different league. That in no way diminishes the guts and most above his patience on waiting for the right setup of this Japanese guy. I actually do not care whether the story is a hoax or not. It is certainly attainable why not.

LOL

1/ Irony on ET

It's no different to how John Arnold trades: few bets but huge, high leverage, at 'high conviction times

Yet b/c Arnold is (was) managing OPM (institutional), everyone's kissing his ass, worshipping him & calling him genius...best trader in his generation etc.
This is the "halo" effect in action.
People give Arnold the benefit of the doubt

Yet b/c this Japanese guy is retail (managing his own money) he's a hot head, lucky plunger...
No benefit of the doubt.


2/ COPING on ET is laughable. No trader, no matter what he does can ever win.

- if he was managing OPM & trading in the same way, the pissants on ET would say
"B-b-but he's only trading that way because it's not his own money. Free call option blabla..."

- now that he IS trading his own money (significant size), the pissants on ET have something else to vent about


According to the "learned" sceptic arbiter w@nkers on ET, this Japanese trader would would need 50 years "track record" of over 50% per year (no losing years!) before they give him the benefit of the doubt that he has an "edge".
That it wasn't just "luck".

LOL

ps Your replies (coping) say more about you than anything else

 

[trader99]

I believe this CIS story. The guy sounds pretty legit. His thinking is very good trader thinking.

Now, I'm nowhere near his level, but I did short and covered near the bottom. I was thinking about reversing and going long, but I didn't for a lot of stupid reasons.

So, it's not unreasonable for a good trader to do that. He just has more capital and guts to execute that that trade than me. I'm not CIS but I could totally see that trade as being very reasonable and nothing fabricated.

It's not magic to short and go reverse to go long. You knew it was overdone with the 1000pts down on Monday.

So, you ET sceptics need to lighten up and open your eyes to the possibilities.

P.S. When I cross the $1M I'll be sure to let all of ET know that it's possible. After that it's just compounding away. Until then. Be positive to the magic of good trading.

 

[luisHK]

The only asshole in the room is you. By your own proclamation you are a married man with kids who frequents whores at bathhouses as well as massage parlors and almost proudly presents his escapades to the world. Not only did you cheat and betray your wife (which makes you completely untrustworthy) but you sold her last piece of dignity in exchange for a good laugh. Who is the asshole here Luise?

Priest, that's alright, have you yet figured out yet how to fit a whole jewish family in your microwave while keeping alight the candle for democracy and justice you sticked lovinglingly up your own ass ?

 

[luisHK]

What does CAPS stand for?

I meant capital letters on a computer, might have missed the right way to express it though.

 

[Al_Bundy]

I don't get this anonymity thing - Dan Zanger wasn't afraid to audit his records. Going by the media reports, this CIS person seems much more skillful than Zanger, why not authenticate your success then ? He says he's afraid of robbery, LOL, as though he was living in some Central American country, not Japan.

 

[learner2007]

He could be just a fake story by Japanese Government just to simulate the stock market in Japan

No, he really exists. I saw him on TV in Tokyo when he was interviewed after making a bundle on a fat finger order. In that interview he explained his day trading strategy as simply watching the list of the current percentage gainers/losers and buying some of the biggest losers and selling the biggest gainers. While we can't argue with his success, at that time a few years ago hearing him speak sort of showed that such a strategy was the limit of his expertise. But it worked, and more power to him.