Japanese Day Trader Makes $34 million

[justrading]

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.

Absolutely agree. Asymmetric returns is the way to do it. The standard metrics for trading stocks just don't apply and some find it hard to believe.

 

[Frederick Foresight]

...CIS said he has no idea whether or not China is going to drag down the global economy. He doesn’t even care. When he trades, he tracks volumes and price moves to follow the momentum. For him the basic rule is: “Buy stocks that are being bought, and sell stocks that are being sold.”

 

[Al_Bundy]

...CIS said he has no idea whether or not China is going to drag down the global economy. He doesn’t even care. When he trades, he tracks volumes and price moves to follow the momentum. For him the basic rule is: “Buy stocks that are being bought, and sell stocks that are being sold.”

If it's that simple I wonder why aren't there more people making millions day trading...

 

[justrading]

SIMPLE
easily understood or done; presenting no difficulty.
EASY
achieved without great effort; presenting few difficulties

 

[fxwizard]

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.

Japan is no safe place. A while a go, a highschool girl got fatally stabbed over the $100 (Yen equivalent) in her purse. Could you imagine the consequence of walking around in Tokyo when everyone knew you were a multi-millionaire? You'd have not random robbers with knives but a whole mafia coordinated attack.

 

[justrading]

Japan is no safe place. A while a go, a highschool girl got fatally stabbed over the $100 (Yen equivalent) in her purse. Could you imagine the consequence of walking around in Tokyo when everyone knew you were a multi-millionaire? You'd have not random robbers with knives but a whole mafia coordinated attack.

You make a good point. There are elderly people who shoplift and ensure they get caught, because they cannot afford food and shelter and prison affords both.

That begs the question, why don't they just become beggars, or panhandlers in American parlance. I've only ever passed through Tokyo en route to the States or back. Has anyone ever been there and seen beggars? Why would a harsh prison regime be preferable to begging in the Japanese psyche? Is there a distinction in terms of honour?

If people would rather be criminals than beg, I wouldn't be in too much of a hurry to boast about how rich I am if I could be identified.

 

[copa8]

Japan is no safe place. A while a go, a highschool girl got fatally stabbed over the $100 (Yen equivalent) in her purse. Could you imagine the consequence of walking around in Tokyo when everyone knew you were a multi-millionaire? You'd have not random robbers with knives but a whole mafia coordinated attack.

I'll take awhile ago, over daily here in the U.S. You get killed for less than $100. Just open the crimes sections of your local newspaper.

 

[Al_Bundy]

You guys make me laugh If Japan is not a safe country, then there are no safe countries on this planet.
The U.S. Department of State notes on its website: “The general crime rate in Japan is well below the U.S. national average.
Read more: How Safe Is It To Travel In Japan? http://www.investopedia.com/articles/personal-finance/060315/how-safe-it-travel-japan.asp

 

[i960]

Even if JP is safe I'd still keep my mouth shut as an independent trader. You simply do not want your name to be known.

 

[learner2007]

Could you imagine the consequence of walking around in Tokyo when everyone knew you were a multi-millionaire? You'd have not random robbers with knives but a whole mafia coordinated attack.

That just doesn't happen here.

There are elderly people who shoplift and ensure they get caught, because they cannot afford food and shelter and prison affords both.

Nope. Shoplifting is easy to do here and they don't expect to get caught. Maybe one in a thousand would prefer to be behind bars.

That begs the question, why don't they just become beggars

There are lots of homeless people, but it may surprise you to learn that there are no beggars.
Only once in 48 years living here did I see a guy sitting on the street with a tin can in front of him. And never do they come up to you asking for a handout.