Why are the Japanese day traders so rich?

Leave it to the gullible, and careless journalism. The headline is a misnomer - he manages OPM and invests. Daytraders follow what he does but nowhere does he say that he daytrades.

uh --- if you look at the Bloomberg article, it specifically points out that:

1) He is a "prolific day trader" - the second line of the article

2) that it's his assets, in that his name "appears in mandatory shareholder filings" - as they did for guys like BNF / Takeshi Kotegawa, where apparently in the Japanese markets like in the west they have specific Record Dates where as long as you own the shares on that particular day, you'd be eligible for dividends -- to the best of my knowledge they don't write company employees' names as the actual shareholders if they are hired to run OPM, other peoples money

3) He says he "lost about 8 billion yen," equiv to USD$75 million in the last month, or around "20%" of his assets. Bloomberg updated the story about 4 hours after it was originally published, to show that he has around 45 billion yen in total (USD$420 million).

4) They reiterate again that it's his own money, in that after he worked as an employee overseas, but then returned to Japan "in 2013 to go it alone"

So what if he doesn't always sell at 3pm Tokyo time when the TSE closes every single day for every stock he owns

The fact is that as Bloomberg reports, he trades actively ("prolific day trader"), is not an employee of any firm & the hundreds of millions USD is all his
 
Only a guess.

Their work ethic culture. Wheres in the west, someone after having a first one or two amazing, will be done for that day, or even week, those guys will be milking it till the last second of the trading session.

E.g a simple labor worker might work overtime hours and that is considered a good thing over there, now i can only imagine the attitude from the pros.
 
a few minutes earlier Bloomberg came out with a story about how one Japanese day trader had a $75mm drawdown

i thought it was CIS, but it turned out to be another guy

apparently the $75mm drawdown only represented 20% of his personal portfolio

so somehow he amassed at least US$370+ million

& there are at least a few others like him known to the public.

who knows how many in total there are across Japan

why are the Japanese day traders so good? ie. getting to fortunes of hundreds of millions USD as individual day traders, while still in the prime of their lives

it sure beats the randos making $3000 a pop on Tesla option plays

or the PMs grinding out 2% per annum while dealing with nyc rents
It is very presumptuous of you to assume/question there are no such traders on ET?
 
Some people like trading and working strangely, never going to get it, I trade to rent and bills and fun money then stop each month cause lazy, some trade to billions but never spend it, just crazy.

Billionaire = 10 TOP hookers, anything goes, every damn night till bored, which would be NEVER!!

Ten every night? You'd easily get bored.

My personal record is 6 in one day. This was in Santo Domingo (Dominican Republic) back when I used to drink a lot.
 
Back
Top