/biz/ - Business & Finance

>>1109826
日本語を学習に投資

>>1109826
What programs is he using to conduct his day trading?

>>1109838
"Market Speed" from Rakuten Securities.

>>1109850
Thank you very much
How did you come across this information?

>>1109833
あまりにもハード、すでにしようとしました。非常に難しいです。

>>1109826
beautifully autistic

>>1109858
If I remember correctly, it was posted on /biz/ over a year ago. I've researched it on and off since then, but lately I've researched for hours per day. I have a couple links to some videos where he explains how he does it. Would you care to help with translation?

>>1109860
maybe we are all wrong.
maybe the majority of humanity is faulty and autistic and people like him are the normal functioning ones

>>1109863
I wish I could offer a translation but unfortunately though I passed with an A, I have taken only one Japanese class.

I can give it a go though if you are interested, I'm sure there are other anons on here who can speak Japanese better than I

I would advise you learn the particles and sentence structure of Japanese, which is very simple, and then translate yourself using a English to Japanese dictionary.

>>1109868
I can relate to him, apart from the essentials I dont really find spending money that exciting, I just view it as a game with money as a high score number.

>>1109863
Very interested too, I want to know how he thinks, people like this interest the hell out of me

Post links anyway?

>>1109868
I often feel this way, despite not being as smart as some.

>>1109873
No problem. Give me ten minutes to get the links. I've had an interest in learning Japanese but have an even higher interest now, despite it being one of the most difficult languages.

>>1109878
In my experience Japanese was astoundingly easy. It's very orderly and concise, you will find similarities to it in English.
It's also the second most spoken language on the internet and in the tech world, so it can be worth learning.

look
look at how those pathetic shits squirm at the idea of someone like that having so much more money than them and doing absolutely nothing with it

now that's what I call living the dream
to make OTHER people shit their pants in rage

>>1109886
they dont seem to be raging at all, just finding the whole thing funny

>>1109896
you're right,
>>1109886
this guy is projecting

>>1109826
What do you think BNF stands for?
I think it stands for "Buy Now Fast"

>>1109886
If I had a shitload of money I'd like to fund cool research/tech with it

The one in my original post with him talking to the girl seems to be pretty instructional.

https://www.youtube.com/watch?v=3Uvvl0Y3QBc

(This seems to be the best.) https://www.youtube.com/watch?v=CRefajubuww

(Another very good one.)
https://www.youtube.com/watch?v=wwNO4OYnFBg

Also, some made by others that seem to go into his strategy or go over his posts (looks like it, I'm not sure):

https://www.youtube.com/watch?v=w9D9qIXq5yw

https://www.youtube.com/watch?v=NgaBvwmb29k


Sorry for the wait, I had to find them again.

>>1109826
Depending how long this thread is up, I could contact my japanese teacher and ask him to do a translation.

>>1109905
It's supposed to mean "Victor Nieferhoffer," BNF's favorite trader. Despite the fact that Niederhoffer is nowhere even close to being as good as Takashi Kotegawa (BNF).

>>1109826
This nigga > Icahn

>>1109915
Heck yes. Please have him review all the videos in this thread and WRITE DOWN everything BNF is saying - very precisely and thoroughly. I've considered hiring a translator, but I have no monies.

Sometimes when I see stuff like this I wonder if day trading is a meme or not.

I cant figure out if there is something truly fundamental and meaningful in day trading or if it became a meme since 99.99999999% of people do it wrong.

How the fuck does he think. God damn I wont be able to sleep tonight

It seems to me that in order to succeed at daytrading, you really have to feel like it is just a game. The moment you fear losing money, you're gonna end up fucked. This guy, it seems to me, is juggling numbers. Stocks aren't pieces of companies to this guy, they're a ticker which has a monetary value assigned to it. A blip on his screen. I also feel that he views money in a completely different light than the rest of us mere mortals. It's just numbers in an account to him. Props to him, but I doubt I have the ability or mental fortitude to pull stunts like this.

>>1109921
The thing is, I might have to pay my Japanese teacher to do it if he says it is too much work, in that case, I might set up a paypal for compensation to recoup my expenses.

but if my Japanese teacher doesn't charge, I won't charge.

You could also try going to your local university and asking the Japanese instructor there.

pff ezzz, the hard part was his large capital after first few years

>>1109927
Of course daytrading (profitably) is possible, but it's a competitive game. Only the best win, and the multitude losers who buy at the top and sell at the bottom provide much needed liquidity to those who win.

>>1109927
BNF does "Swing Trading" which isn't exactly daytrading in the traditional sense, but close enough to be considered it. CIS does daytrading though.

>>1109931
Correct. He says he doesn't like looking at money or large sums of money, or even carrying a lot of money because it distracts him.

>>1109932
I don't use PayPal or anything Big Brother. However, if you have a mailing address, other Anons and I could send a small sum (or sign you up for spam and gay porn, seeing as this is 4chins).

>>1109896
>>1109899

>>1109939
what do you consider big brother?

isn't 4chan big brother? don't pretend like hiro isn't selling our IPs to the highest bidder.

>>1109941
>Implying I'm not behind a reliable VPN, Tor, JonDoFox, and a Russian proxy in combination all from Whonix installed inside a Tails distribution.

>>1109931
This post just changed the way I trade stocks,

Thank you anon whoever you are,

Hope u have a great day

>>1109826
They are asians, probably looked at trading as a real life mmo. They are an inspiring people.

>>1109951
Same to you m8. I barely understand a tiny bit of Japanese, but I definitely heard this exchange between the interviewer and BNF

I: "Do you have a girlfriend?"
BNF: "No"

https://www.youtube.com/watch?v=CRefajubuww

Around 8:00.

Learn from our honorary aryan stock trading overlord. Fuck bitches, acquire currency.

>>1109885
>second most spoken language on the internet and in the tech world.

No weeboo. Thats chinese.

Neat.
Think of how many people failed for him to win that much.

That failure will probably be you.

Let's not forget CIS (meaning "death" in Japanese). He learned a lot from BNF but trades in a very different way. Here he is appearing on a gameshow, with his identity hidden. He fears extortion, robbery, and attempts on his life and his family's life.

https://www.youtube.com/watch?v=Wta5lGWjjro

In addition to making $150 million in ten years (one interviewer close to him said it's more like $180 million), he also made $34,000,000 in only a couple days last year in one of the most beautiful trades ever.

At the same time, thanks for sharing this OP.

>>1109912
He looks like a Japanese Shkreli.

I know he uses the orderbook. I heard once he saw an anomoly in the order book: someone working for some firm sold a bunch of shares but forgot to add a 0 or something so they sold them for much MUCH less than what they were actually worth. He saw this and bought as much as he could (other traders saw this as well and tried to take advantage). I heard that some of the other traders had honor and gave the shares back (japanese are honorable), but he did not. This netted him millions.

I'll try to find a source.

>>1109993
That was the J-COM mess. He made $20 million on it in ten minutes. CIS made something like $2 million on it.

Forget this shit, op, it's not worth it. Even if you could learn his strategy there's no guarantee that you would be able to reproduce his trading. Chances are you wouldn't.

Just get some fucking books like Al Brooks' and Mike Belafiore's and read.
You can grow your capital if you practice proper risk management and position sizing.

What you're trying to do is simply insane.

>>1109993

here it is:
http://www.timothysykes.com/2010/03/the-day-trader-who-turned-13600-into-153-million/

it's in the comment section: "On December 8, 2005 an order from Mizuho Securities meant to sell 1 share of J-Com Co for 610,000 yen was mistakenly entered as a sale of 610,000 shares at 1 yen, resulting in an estimate loss of $347 million. Following the incident, though a considerable number of firms who had profitted from the order misplacement agreed to hand back their earnings (41.38%), a good number of individual traders refused to do so, as they were not obliged under Japanese law. Such was the case of B.N.F, who managed to amass, in a period of just ten minutes, a figure of 2 billion yen (apr. US$20 million)."

Also this thread attempts to translate a strategy of his but it is hard to follow: http://www.trade2win.com/boards/stocks/68920-b-n-f-jap-super-day-trader-looking-someone-translate-his-website.html

Looks like one of his strategies is a 25 period SMA (unknown time period) and he buy/sells depending on the price's divergence from that SMA as it will return to it eventually? It's hard to follow.

>>1110005
Gotta kick reason to the curb, cause thats how team GURREN rolls.

>>1109957
Lmao he preaches the truth

>>1109940
>random screengrabs prove that they were seething inside

do you have difficulties gauging other people's feelings, anon?

>>1110005
I recognize that it's a 1/100,000 but it's inspiring and also it's a 0/100,000 if you don't try.

>>1110007
Already read all that strategy stuff a long time ago. He holds for two nights and three days if I remember correctly. More resourceful is his Japanese Wikipedia page, but it too is in Japanese.

https://ja.wikipedia.org/wiki/B%E3%83%BBN%E3%83%BBF

>>1109991
I thought the same thing.

Fulltime wageslave here that doesn't have anything to spend his money on. Is day trading really a good way to get income if you read up thoroughly?

i always thought this jap was a meme made up stories of traders for clickbait, there is no way he can make that much on trades doing the same analysis and instruments that thousands of other traders use , must be some sort of inside information or lies

>>1110419
This is kinda what I think about all the time.

Partly why I want to make a lot of money is to tell people the truth of how it actually happens, but since it hasnt been done before I sorta feel as if you have to sink your hands into the dirt and get them dirty, makes sense since no one has every done this before, probably a lot of illegal shit you have to do

>>1109826
I speak Japanese let me know if you need something translated? I wont go digging through 2ch you should do that for me if you want the translation.

>>1110438
translate all of this >>1109912

>>1110422

the whole Japanese people have honor thing is a meme , they will lie cheat kill and steal while smiling and bowing down their heads. (obviously not all )

>>1110442
Ill try to translate the bullet points of the videos that are interesting.
>>1110448
It depends which prefecture although Japan is small all our people are different Tokyo people are usually more rude then say the country area people. Also business is a game if you come up short you can only blame yourself.

>>1110449
yea but we are talking about two dudes who are making better returns than anyone in wall street , shit like this doesnt happen without inside info . who knows maybe its the perfect alibi having some dude in japan do the trades for you , they might be middle men doing trades for others

>>1110455
Its probably this, but i'd love to think that hes just a lonely goy like one of us that posts on 4chins but a savant in his field

Growing up sure kills your hopes and dreams ;_;

>>1110457
yea the more i read about them, the they dont care about spending the money act, makes sense because it isnt "their" money to spend it .

>>1110459
You might be right, but this trait isn't uncommon, the only things id really want if I was rich like him was a good apartment, good food and thats it.

Le parties and le materialism is just a bit too childish for me

>>1110462
house with a pool bro so you dont have to deal with annoying neighbors and enjoy a good swim for cardio and relaxation

>>1110201
What matters most is practice and experience. During work you can keep track of some top stocks during the day, every couple hour look up twitter, facebook or whatever. Just use yahoo finance if you want, it's all about building intuition.

>>1109826
I believe he was the guy who profited from a massive fuckup at the exchange. His order got filled at like 99% below the market price or something.

Basically he isn't a trading genius. He just made a shit load of money from a huge mistake.

>>1110485
He only made 20 mil from that. The other 180 million is still an insane amount for 8 years of day trading.

>>1109850
fucking malware on that site!!!

AVOID

This is fucking relevant to my interests.

Guys
>>1110449
still hasnt responded, I guess he found the holy grail and fucking ran.

jews strike once again

bumping

it won't be till next week that I can contact my Japanese instructor.

>>1109826
Good on him, too bad he seems actually autistic.

>Affluent neet does what he loves and gets richer in the process
Literally living the dream.

>>1109826
Is he a hacker or well connected or something?

He can't be that lucky continuously for that long.

>>1111868
How would being a hacker help?

>>1111874
He could press keys really fast and make computers do things that normal people can't.

>>1111874
Ugh I assume if it were possible, he could hack into firms emails and get access to insider info.

>>1109826
Like others already said you won't succeed in copying him.

He's just an outlier, a statistical anomaly, simimlarly to autistic savants (which he may as well be).

OR it's >>1110419 and >>1110455

Either way you need to find something else.

>>1111678
Thank you. Keep this thread alive until then, bumping every other day. If it dies, make sure you make another one after. Also make sure you have all the links saved for him to listen to, especially the one where he's talking to the girl in the original post, and these: >>1109912
. You should also have him translate relevant parts from the >>1110021 BNF Japanese Wikipedia page, as it will likely have a lot of info.

>>1112025
I know I'll likely never be him and fail at all times in the process, but I still want to learn his strategy, even if just to learn it.

PS, I just learned that CIS (not BNF) might be a fraud. Rumor has it he started out with a lot of money and not just $10,000. Supposedly he has a pump and dump clan too, among other things. Just rumors thought, but damn.

This is literally why Investment banking salaries are so high, because it is possible to do it like this man

Interesting read and interesting person.

>>1109961
The internet behind the great firewall of China doesn't count.

>>1109907
If I had a shitload of money I would do my best to become a supervillain IRL.

>>1112429
Lets be real here he is probably doing some shady stuff in the back.
Which is ok by me since it is the only say how anyone scores big time.

>>1112507
It is kinda weird, doing shady stuff but not spending his money. Makes no sense.

>>1110007
So if you take that money into account, he only managed to increase his wealth by an order of magnitude by trading. That's not all too uncommon.

>>1109986
>$34,000,000 in only a couple days last year in one of the most beautiful trades ever.
By all means do elaborate.

>>1109931
I have the same.. Just digits on a screen,not more not less. just like in a computer game.

It´s called asperger..

>>1111111

>>1112782
Except you aren't rich.

>>1112520
http://www.bloomberg.com/news/articles/2015-08-28/while-many-panicked-japanese-day-trader-made-34-million

>>1112784
kek yes

>>1112896
>mfw I tell people pancakes are best with sour cream

During my research on this guy I found an article and the following is interesting as fuck.

>For Taleb, then, the question why someone was a success in the financial marketplace was vexing. Taleb could do the arithmetic in his head. Suppose that there were ten thousand investment managers out there, which is not an outlandish number, and that every year half of them, entirely by chance, made money and half of them, entirely by chance, lost money. And suppose that every year the losers were tossed out, and the game replayed with those who remained. At the end of five years, there would be three hundred and thirteen people who had made money in every one of those years, and after ten years there would be nine people who had made money every single year in a row, all out of pure luck. Niederhoffer, like Buffett and Soros, was a brilliant man. He had a Ph.D. in economics from the University of Chicago. He had pioneered the idea that through close mathematical analysis of patterns in the market an investor could identify profitable anomalies. But who was to say that he wasn’t one of those lucky nine? And who was to say that in the eleventh year Niederhoffer would be one of the unlucky ones, who suddenly lost it all, who suddenly, as they say on Wall Street, “blew up”?

People face universal rules on the market, maybe they use different methods and strategies to bet on the market, but the rules are the same. Supply and demand. Is it luck or are these people really genius to be that succesful for a long time? In both cases it is an extreme exception.

>>1112940
Don't fall for the "efficient market" meme. It might resemble truth more often in terms of day trading but in terms of long-term investments (Buffett, Lynch, etc.) it's a joke. It's a fact that if you buy great stocks with good future prospects at a big price discount, you will beat the market. With daytrading, while there might be a lot of lucky people out there, there are some people who can consistently get amazing returns over decades even (Ed Seykota, Michael Marcus, BNF).

>>1112940
>1000 trades per year for 10 years
>not a single losing month
>lucky coin tosser

B W A H A H A. RANDOM WALK :DD

>>1112956
>Ed Seykota, Michael Marcus

Gonna look up those guys.
Like I said it is an extreme exception. I thougt about it and I don't think it is luck. In my opinion your mindset is the crucial factor. I have a background in sports betting and my guess is that 99% lose money because they have no discipline. Discipline is hard as fuck because money is linked to emotions, your hormones go crazy if you win or lose money. Disregarding your emotions and act rational is hard work.

>>1112972
Look them up. Michael Marcus sucked until he learned how to trade from Ed Seykota. This reinforces that, although rare, one can have success from learning from a great. After Michael learned from Ed, he turned $30,000 into $80,000,000 in twenty years (although he himself says it was 10 years.)

Since BNF is a fan of Niederhoffer, it might be useful to study Niederhoffer's methods. From what I've read Niederhoffer was pretty talented but suffered when the market was stagnant and he ventured into unfamiliar territory.

>xD only 0.00001% beat the market.

Nah, fuck off nigga them gains will always be comin as long as there are retards on this planet.
>mfw I'm up 7% this year while everyone got bootyblasted, doesn't take a genius to see some of this shit coming

Wee bit intoxicated and normally zero amibiton, so excuse me if I come off as ignorant or whatever.

How necessary is math to what he does? It feels like even though it's a matter of numbers, it's not actually that advanced mathematics
How do you even start buying stocks? I've got some.. I'm not sure what the word is in english, google says funds/equity funds, but looking at my banks website I don't see anything about investing in specific companies etc. Do most people use specific websites to do so? I assume the sites are reliable since so much money is involved?

I've always found it very interesting, but I've never gotten in to it.

>>1110008
Now this guy knows what's up.

>>1113091
Did the thread die or is it obvious that I'm autismo so nobody wants to respond? I don't know

>>1113264
No one on this site has anywhere near the success it would take to be able to answer that question.

>>1113271
Oh, I didn't realize it was a hard question, sorry.
I didn't really expect much of an answer, just like "Knowing math is x amount good mostly" and "Yes I use Y and they're trustworthy"

>>1113091
Some banks offer the ability to buy individual stocks, but for most people they have to use an online broker. The most popular brokers are severely scrutinised by everyone including the government, so having your investments there is as safe as in a bank.

>>1113289
what country are you frm?

>>1113289
Interactive brokers, tdameritrade, robinhood, etc are all online brokers

>>1109912

I'll translate a little bit from the second one since it's short and not technical.

>Why did he start?
I didn't care if I lost the money I had saved, so why not?
>trading volume
He's trading up to three million dollars in a single trade
>What markets
China is the most important to watch, also Singapore and Worst Korea
>Lunch
Cup ramen because it's quick and you don't get sleepy digesting carbs
>Profits
about $300,000 that day
>What he uses the money on
After buying this apartment I don't have anything I want to spend it on. All I usually do is stay inside and go on the internet, watch TV, and read manga.

>>1113331

>second

Third one actually

bump for interest

http://www.nasdaq.com/investing/start-investing-1000.stm

So fellas, I have $1000 to burn, how do I start trading stock and become filthy rich?

>>1113456
Start trading microlots in Forex and 1H charts.

>>1113456
you needa do about 500 hours of reading before you even consider an investment, thats my opinopn anyway

>>1113475
Links?

>>1113478
Read books (intelligent investor, security analysis, one up on wallstreet) and use investopedia.com to research terms you dont know as you read, dont know of any better method since I dont take finance in university

>>1113456
Start by reading the Intelligent Investor and put your money into safe stocks. This is simply to give you a feel of the market (e.g buying and selling, using the interface, volume).
After that... you may want to expand your horizons with more indepth FA/TA.

>>1113644
To add on, that is assuming you are working.

If you are just some NEET thinking to get reach with USD$1000. I would suggest playing a stock simulator like TradeHero and see if you can make paper money first.

>>1113331
tl;dr he turned a little into a lot because he made huge risks due to not giving a fuck and got lucky, now he has so much he cant really lose anymore

great strategy tell me how it works out

>>1113711
I guess this is why he is a fan of Victor Niederhoffer. The bigger the risks the bigger the earnings.

But DNF is not just a lucky trader.

According to some Japanese site his assets were (USD at current exchange rate in brackets):

1999 - ¥1.64m ($16k)
2000 - ¥2.8m ($27k)
2001 - ¥61m ($580k)
2002 - ¥100m ($956k)
2003 - ¥270m ($2.58m)
2004 - ¥1bn ($9.5m)
2005 - ¥8bn ($76m)
2006 - ¥15bn ($143m)
2007 - ¥16.5bn ($158m)
2008 - ¥21.8bn ($208m)

>>1113331
Up to three million of his portfolio at a time on multiple trades or three million each trade for multiple trades? I know you said a single trade but I just want to confirm. Can you please give points on the other videos senpai? <3

>>1114166

The transactions they showed for that one day were, in order:

>sold $600,000
>sold $450,000
>sold $1,000,000
>bought $3,000,000
>sold $1,000,000

I'm a little too busy getting ready to gamble on the NCAA tournament right now to be translating a ton of stuff, but if this thread is still around in a few weeks I might be able to do some more. If there's anything short you wanted translated I might be able to sneak that in for a change of pace in between watching basketball games.

>>1114190
No problem. Do you have email, perhaps? Did you watch all the videos or just that one? Becasue if it was just one or two, I'll try to go find another short one for you to take away pointers from. Also, maybe you can skim his Wikipedia page here:
https://ja.wikipedia.org/wiki/B%E3%83%BBN%E3%83%BBF

>>1110007
20 mil, absolutely insane. Thought I was the big man for making £37k, in a day, on a slots bonus last year. Meh, one just feels so inadequate in comparison to these guys.

>>1113331
>All I usually do is stay inside and go on the internet, watch TV, and read manga.

How can you live like that with so much money? This is what I do, most of the time, and it's so fucking boring. Got to get out or it's so easy to slip into depression spending day after day in front of screens, not leaving the house.

>>1114222
Well, in all fairness, going on walks is a major hobby of his, as seen in the end of one of the videos.

>>1114228
which one? can't seem to find him walking in any of the videos

>>1112956
>Ed Seykota, Michael Marcus
Those guys rode the commodity volatility of the 70s and 80s but they make nothing now. Seykota is even running a "trading tribe" whatever the fuck that means.

>>1114302
8:30 into the second video here >>1109912

>>1114304
How do you know they make nothing nowadays? Not doubting, just wondering. Also, even with the commodity volatility of the 70's, they still knocked it way out of the fucking park and a lot more than other traders. Seykota made 250,000% in like ten years. Marcus learned from Seykota and before that Marcus sucked, so there has to be something extraordinary about their systems, even if they were helped by the market in the 70's. The Trading Tribe is for traders to cope with the emotional stress and burdens of trading. Granted, it sounds hippyish.

>>1113331

>I didn't care if I lost the money I had saved, so why not?

That's my problem. If I'm down even like $50 I pussy out and look to exit my position. Need to learn not to give a fuck about money, which is hard because money is so important.

>>1114327
It must be hard for someone who works really hard for money to start day trading.

Don't know if this was posted.
https://www.youtube.com/watch?v=gcHjnW6pATM

>>1114336
Oh, it was in the official post. My bad.

>>1114222
>Got to get out or it's so easy to slip into depression spending day after day in front of screens, not leaving the house.
sounds like the life for me if I didn't have to worry about being a leech dependent to someone else

>>1114327
All successful traders I've read about (BNF and CIS included) heavily emphasize using stop losses. That is, unless you're investing instead of trading.

>2016
>day trading

>>1114369
>CURRENT YEAR
>Be a faggot
wow, examine yourself m8

>“If we have another Lehman Brothers event, or Europe crashes, then you can make money day trading as the market goes down. There are definitely times when day trading can be extremely lucrative.”
http://www.marketwatch.com/story/day-trading-is-done-but-its-not-dead-2012-09-10

How is it possible for day-traders to make money in a crashing market?

>>1114403
When things are going down, you sell high and buy low.

Renaissance Technologies made almost a 100% return in 2008, the same year the S&P500 was down almost 40%.

https://twitter.com/gselevator/status/311759524266651648

>>1114425
Quoting the article once more
>trading as the market goes down
Does he actually mean that you trade after the crash instead of during? You sell before the crash and buy after? Seems kind of weird to me if he means that you should trade while it's crashing.

>>1114465
You can make trade while it's crashing, since it's not going to be a straight line. I imagine that's when HFT algos come in handy.

>>1114465
What >>1114820 said. Zoom in on a graph showing a long downturn in a market. You'll see there's still peaks and valleys, i.e., plenty of opportunities to buy and sell and make a profit.

>>1112504
Now that i think about it, i would too anon

>>1109826
>only eats cup of noodles
Confirmed for dying of AIDS before he hits 40.

this will be like me soon

turning 1.1 mill into 2 mill within 1 year

>>1110487

He made millions from tens of millions, enough with this bullshit meme of him turning $13000 into 180 million. If the mistake never happened we wouldnt be talking about him or know him.

>>1114972
elaborate plz. So he isnt some sort of trading jap genius

>>1114972
You can see his profits here >>1113718.
He was a millionaire before he made those 20 millions.

>>1114972
How does that make his accomplishments lesser? It's not a meme.

Before the mistake he had still grown his initial investment into millions.

where can i find his ecchi version of this anime?

So what is his advantage actually? Simply not giving a fuck about money?

I don't really give a fuck about my ETH and BTC investments, too. And I am profiting from both. Should I start stock trading?

>>1114222
>making £37k, in a day, on a slots bonus

whoa there lad.
whoa.

you know those games are like 5-10% hold right?

>>1115416
>slots bonuses
sorry, naive pleb here. is this as in slot machines? online or otherwise.

>>1109833
>>1109863
>>1109885
>>1109905
>>1109912
>>1109940
>>1110008
>>1110442
>>1110506
>>1112222
>>1112783
>>1112940
>>1114312
>>1115416
>>1115441
I have recently started a group dedicated to investments. I am only adding a handful of people that provide something of use to the group.

Trolls will not be tolerated and will be kicked out.

If anyone is interested then go ahead and add me on Skype.

The_Resistance CRF

>>1115852
>the resistance

wew lad you're pretty edgy

>>1115873
Thank you

>>1115852
>Let's not forget CIS (meaning "death" in Japanese). He learned a lot from BNF but trades in a very different way. Here he is appearing on a gameshow, with his identity hidden. He fears extortion, robbery, and attempts on his life and his family's life.
>https://www.youtube.com/watch?v=Wta5lGWjjro [Embed]
>In addition to making $150 million in ten years (one interviewer close to him said it's more like $180 million), he also made $34,000,000 in only a couple days last year in one of the most beautiful trades ever.
>go here thebizness(dot)org

From what I can tell, there's some blonde woman-looking Japanese man who dresses in women's suits who tries to imitate or be like BNF. I'm laughing my ass off at this. He has waiters in suits at his house too, but the main hilarity is his appearance. Fucking maximum overlel.

See here: https://www.youtube.com/watch?v=nFxb9pPmnMY

And here: https://www.youtube.com/watch?v=Ak3IEUYSK7M&index=68&list=PLE4A63AE924E40235

>>1109850
>Market Speed
I wonder if at a certain level, does he hire a team to develop specialized programs.

To be at that level and still be alive/able to trade electronically, as a person.... is hard probably

>>1116365
He is not trading in seconds, he holds his positions for days according to what I've read. So he's not competing with those high-frequency trading algorithms.

I don't think he is interested in a specialized program that does his work. Like he said, he is not interested in money he just likes to trade.

I guess every other trader would hire some guys to develop a program with his trading strategies. Automated trading system are a big thing. Firms pay a lot of money for these systems, for processing power or an office location as closely as possible to the stock exchange just to get an edge.

if they are not doing insider trading why dont they give stock tips of what they are trading ???

>>1116745
he is not doing "insider trading" lool

>>1116745
He's given thousands of tips and instruction. There are tens of videos on YouTube of him being filmed while trading and explaining things. He used to hang out on 2chan and his blog and help anyone who asked. The problem with all of this is that he doesn't trade anymore and also that everything is in Japanese.

>>1117040

>he doesn't trade anymore
if he was so good why did he stop? did his strategies stop working?

>>1109868
>the majority of humanity is autistic

Do you even know what 'autistic' means....

>>1117286
why would he keep on trading if he clearly is unable to spend it even if he lived to 300 years? The guy eats instant noodles for lunch..

>>1117040
really? i meant like , shit post on biz or tweet , "stock so and so going up buy , sell at so and so"

all yall need to read trading for a living by alexander elder if yall asking dumb questions like these

>>1117286
He had too much money to successfully trade with (there is a limit), so he invested in a lot of real estate and also became a major shareholder for like 20 companies. I'm actually not certain that he doesn't still trade, but if he does, it's not very well known.

>>1117528
>all yall
an educated southerner!

>>1117528
Fuck you, and your books.

Fancy ass bitch.

>>1117615
>>1117690
I'm a chinaman, friend
:^)

>>1118488
Li Sheng, is that you?
I heard he was Chinese

Can we have some more info on this guy? Is it realistic to replicate?

>>1109826
This is a cool success story and all, and I'm not downplaying their results.

But people win big at the casino

And people get 20+ long streaks flipping coins

With so many people making the attempt, a small few will win extremely big.

If it was strategy, and not luck that made most of their success, that strategy would quickly become useless after their story reaches the public. Shitloads of traders like you are going to perform that strategy and the inefficiency in the prices will be corrected, making it impossible to perform above average.

>>1117307
>why would he keep on trading if he clearly is unable to spend it even if he lived to 300 years? The guy eats instant noodles for lunch..

His descendants could be rich forever

Assuming he gets laid

>>1119933
>it's impossible to make money not by arbitrage

>>1119947
a large assumption

Gooby

>>1117307
ive been around enough successful traders/investors in my life to know that the guys who really do well usually also REALLY enjoy the work. which is part of the reason they got so good in the first place. once you are set for life its more about the game then it is about the money, the money just becomes a way to keep score.

He's done that well because he swing trades and he started with $13,000.

$13,000 for forex swing trades is a huge starting balance.

Put it this way, I started with 200 pounds (British) and managed to make 30,000 pounds (British) in less than one week.

I caught one swing and was incredibly fortunate that it went my way. Once I had my 30k I withdrew 25 and left 5k in my account. The next swing didn't quite go my way and I only made about 100 pounds after a horrible nerve-shredding week. At that point I decided to quit while I was ahead.

Case study; with 13k in your account you can open a trade at $500 which is less than 5% of your balance.

If the trade goes against you you've got equity of $12,500 to cover the losses. You'd have to be the unluckiest man alive or a complete retard to judge a swing that badly wrong.

Even if you're very, very very wrong your trade still wont likely eclipse your account equity and wipe you out when your opening position was only $500. So what do you do? Just sit and wait it out. You wont be making any money until it swings back the other way, but it inevitably will at which point you can close the trade to break even or see if it keeps going in that direction.

You only need one successful swing trade to turn your 500 into 5k.

Now you're trading with nearly 20k. Rinse and repeat this until you're at 50k. Now start trading with 1000 dollars at a time. Now you're making 10k per trade and you've still got enough account equity to cover any losses until they swing back.

Repeat this forever, doubling your position every time you double your account balance.

Eventually you'll have a million in equity and be trading with 50,000 per trade, making half a million each time.

>>1121782

TL;DR to be a successful trader you need at least $12,000 to start your account.

You need to open ONE trade at a time and be willing to let it run all day, overnight, over the weekend for a week or more.

If it turns against you you need the balls to know that what goes down inevitably comes back up and to hold a shitty trade that is eating more and more into your balance every time you check it.

Finally, you need the discipline to keep your trades low and your equity high so you have the cushion to absorb all the shitty trades until they go back the other way.

It really is that easy. 90% of traders fuck up because of psychology. They close trades which have made them $100 when they could have made them $5000. They stop trades that have lost them $1000 because they can't bare to look at that big red number every day for a month.

Most successful traders don't recommend economics books, they recommend psychology books.

>>1121782
wow, so easy! No wonder everyone gets rich trading forex!!!

>>1121782
D-Do you have skype and would talk me through some things if I payed you a little money for your time?

>>1121809

I quite clearly outlined why 90% of people do not get rich trading forex, my retarded friend. You are very much in the 90%.

>>1121782
M8, can you give me the names of books and other traders that you learned from? I've been doing a crash-course in trying to understand swing trading, but I still can't say I 100% understand it. Also, why Forex instead of stocks? What are your rules and strategy? You make it sound so easy; if it's that easy why isn't everyone successful? Do you have an email address?

>>1121786
>You need to open ONE trade at a time and be willing to let it run all day, overnight, over the weekend for a week or more.
BNF and CIS had hundreds of trades per day back in their prime. Why are they wrong? What are the major differences?

>If it turns against you you need the balls to know that what goes down inevitably comes back up and to hold a shitty trade that is eating more and more into your balance every time you check it.
BNF and CIS recommend stop losses as a vital part of their trading. Why are they wrong? Just curious.

>It really is that easy. 90% of traders fuck up because of psychology. They close trades which have made them $100 when they could have made them $5000. They stop trades that have lost them $1000 because they can't bare to look at that big red number every day for a month.

So ride your wins and also ride your losses?


Also, if it's that easy, and you understand it so well, why don't you continue trading? Not being a smart ass, just very curious.

>>1121850
>Also, if it's that easy, and you understand it so well, why don't you continue trading? Not being a smart ass, just very curious.

I made enough money to completely pay off my student loans and live comfortably for a year or two while only working part time.

I put 5 grand aside to try and grow that but after a week of having to trade more or less full time, including late nights waiting for markets to open in different time zones, I was exhausted, nauseous and in the end made 100 pounds which just didn't seem worth it.

I'm also not psychologically strong enough to do it long term. One day I considered opening a long trade in oil when it hit $26 a barrel. I was confident that it was about to swing and that despite all the media hysteria it couldn't conceivably get lower without bankrupting whole nations.

Nevertheless I did a quick google first and saw one too many articles of "analysts" and "experts" predicting oil in the teens, which now is obviously utterly absurd, that I decided against it.

Had I opened that trade I'd have made well over 200,000 by now.

Shit like that is why I just cant do it. There's potential to make big money and there's potential to ruin your life.

>>1121841

>Strategy

"Buy low, sell high!"

This is a quote from a bygone era. When stock graphs would come in the mail every week.

Now you buy low and what happens? It keeps getting lower and within an hour you're wiped out. Sell high? Congratulations you made $200 but if you'd left it another day you'd have made $10,000.

Fortunately the counter-advice is much simpler. Buy when everyone is buying and sell when everyone is selling. Ignore forums and "analysts" that tell you the price has reached an historic low and it represents a great time to buy.

Follow trends with a demo account. Learn to pick up intuition for when a trend is coming to an end. Ignore the technical graphs and moving averages and all the other triangles and wave patterns that people think show what the market will do (but never actually does) and instead make google and forums your best friend.

Watch the news every day and think of how and what might affect stocks or currency values.

Easy example: Ubi Soft did a conference not so long ago. I knew the conference was coming up because I'm into video games. Do you think that was on stock analyst websites or covered in the financial times? Nope.

I watched their conference. I liked it. They talked about making fewer but better games and less risky, stupid peripherals after the Wii and Kinect and all those gimmicks seemed to have died down.

The second it finished I checked the market. The price had increased since the middle of their presentation.

Buy when people are buying. I bought. At the end of the day their stock had shot up in a straight line and I'd made over 10k.

>>1121878
>>1121886
Dang m8. I hope you didn't miss my other post. How do you tell which stocks/things are being bought the most and sold the most? Bid-ask screens? Volumes? Price movements alone? How do you know when to exit a trade? And do you pay attention to charts at all? What's a list of every thing (feature/tool on a brokerage) to pay attention to?

Also, I thought swing trading was opposite of "buy what's being bought and sell what's being sold"?

>>1121896

You need to do about 500 hours of reading because you cant learn shit from a guy on 4chan when you're asking fundamental questions like this.

Google "swing trading" and essentially anything you click on will be beneficial.

Open a demo account and buy a book called "Emotional Intelligence."

Ignore graphs. Graphs are not your friend. Graphs are used by people who want to look for hidden signals that the market will do something predictable, and it absolutely never does.

For proof of this just visit a website like Forex Factory where thousands of people present their graphs and charts and analysis of the same market and all reach completely different conclusions for which way it'll go.

Like I said, gather some information, make an observation and wait for people to start buying or selling to confirm your observation. Then do the same.

This is not the same as "that line is going up, so i'll buy too!".

>>1121886
Do you stalk specialist forums (like in the example those concerning Ubisoft) or general forums (trading forums)?

Great insight, btw. I'm grateful to have seen this thread already.

>>1121904
>You need to do about 500 hours of reading because you cant learn shit from a guy on 4chan

I guess this is the best advice you've said so far, because you gave a lot of stupid advice.

>>1121915

Yeah, do your research and commit to a well informed swing trade rather than thousands of tiny trades.

What shitty advice.

>>1121904
>You need to do about 500 hours of reading because you cant learn shit from a guy on 4chan when you're asking fundamental questions like this.
I know. So far I've got about 10 hours down.

Do you have an email for when this thread dies?

>>1121909

Avoid specialist forums. Avoid trading forums. They're full of people thinking out loud and hoping someone will confirm their speculations. There's nothing but contradictory graphs and confusing information there. And bullshitters trying to sell you their systems.

Ubisoft was not a specialist forum. I enjoy videogames and saw that they were having a conference on a video game news site. No reference at any point was made to the implications that conference may have on their share price.

This is what I'm talking about. Watch the news, browse the internet and look for something that might shift a stock or a currency in one direction and then look to see if people start to buy or sell in that direction. As soon as it looks like people are buying, buy. Selling? Sell.

The important is timing and getting a good entry and not blindly following a trend that has already run its course or already started too much to safely minimise your risk.

>>1121817
man, do you realize you sound like an easy scam victim?

>>1109907
This, I always think about that

>>1109826
I just did some research on this gook but I'm pretty drunk right now so take it was a grain of salt. From what ice seen both these chinks took advantage of a freak event where s company Mizuho was selling J Com 1 share for 610,000 yen but fucked up and sold 610,000 shares for 1 yen each. These two guys bought most of the company by the way this happened in like 2005 and then they made a duck tomb and then they shorted the financial. Sector cause they knew someone fucked up after 2005 Japan had a raging bull market plus most of their claims about their wealth aren't backed up I think ine of them posted a tax return with like 40ish million usd worth of yen n liquid assets keep in mind the raging bull market that happened as a result of Japan's QE and how that effected their results. I don't doubt that they're excellent trades but they're not god tier and highly overrated
TLDR the gooks got lucky on one freak event trade and rode the jap stock market bubble

>>1110201
Extremely good way to lose money m8 not memeing right now I've done it and it's had af to even break even

Freak event=13k to 20million
33% annual compounded for eight years in a stock market bubble =200million they're overrated af and it's obvious once you do the math

>>1122508
the freak event happened after he already made millions >>1113718

>>1122373
That made up 1/10th of their total profit, as already discussed, dumb dumb.

>>1122508
$13,000 at 33% a year for eight years turns into $104,000. Learn2math.

>>1122508
Nigger what?

13K -> 20M in 8 years is 150% returns, where you have 2.5X the money you had the previous year.

>>1122550
How the fuck? What does he trade?

>>1122554
>Implying that ten folding your account vs 20000 folding your account isn't a huge difference
Also 13k turned into 20 million compounded at a 33% return for 8 years does equal 200 million I should have been more clear with that in my post but I was very drunk when I was writing it.
>>1122557
He went from 13k to 20 million in about 16 minutes due to an exchange error that allowed him to buy a company's stock at less than 1% of its primal stock price. Then he went from 20 million to 200 million in 8 years which is 33% a year compounded.
>>1122561
Lots of markets forex, futures, stocks

>>1123430
*normal stock price
I'm using conservative estimates here and I know that 13k to 20 million is roughly 15384 folding your account and not 20000 folding it but whatever

>>1122550
Hypothetically if they were millionaires before the event here's what their results would be. We know that the Mizuho event happened very early on in their trading careers. So let's say that in a span of two years one of them goes from 13k to 1 million. Then the freak event happens. We don't know exactly how much they made because in addition to making an astronomical profit from the error they also made a ton of money short selling the parent company of J Com which is Mizuho. So we know that they at least 100 folded their account right. So after the event they were at 100 million then for the next 8 years they would have only 2.5 folded their account (I'm being generous assuming they ended up with 250 million) which works out to just over a 12.1% return compounded for 8 years. If they previously went from 13k to 1 million in two years that means they achieved a 777% rate of return for those two years meaning they 8.77 folded their accounts. It would be very strange for their trading results to drop so dramatically from over 700% a year to just barely over 12% a year even when taking into account liquidity issues you have to remember that they generally hold positions for several days. But the real proof that they weren't millionaires before is the error itself. Instead of selling 1 share at 610,000 yen they sold 610,000 shares at 1 yen each which means a total value of 610,000 yen was sold or $5366 worth of shares. I imagine that both traders had most of their capital already being used in other positions and tried to buy as much as possible the moment he saw the error only using whatever money they weren't trading which would make sense because I read that one of them was only able to buy about 1/4 of the company and ended up with $20 million just from the error about 16 minutes later not including the money they made from short selling the parent company. If they were millionaires they should have been able to buy the whole company.

>>1123430
>He went from 13k to 20 million in about 16 minutes due to an exchange error that allowed him to buy a company's stock at less than 1% of its primal stock price. Then he went from 20 million to 200 million in 8 years which is 33% a year compounded.


Read the thread motherfucker. He was a millionaire before the exchange error.

>>1123461
There is something called money management.

You are assuming you can trade the same with a million budget like with a 13k budget. This is not the case.

>>1122554
>That made up 1/10 of their total profit, as already discussed, dumb dumb.
Although it's true that the freak event trade only accounts for 10% of their total profit that's a very misleading way to look at it. If that one trade didn't happen then they would be worth less than 1/10 of 1% of what they are worth now. 13k times 33% rate of return compounded over 8 years = 130k. 13k to 20 million, 20 million times 33% rate of return compounded for 8 years equals 200 million. 130,000/200,000,000=.00065 or .065% of the wealth they have now. So don't underestimate how much that one trade had contributed to their success.

>>1113091
Finviz, trading view

>>1113456
Don't you listen to those frog posters telling you that /biz is full of arrogant neckbeards neets that don't know shit about finance. I'll tell you how it really is kiddo. Be sure to take any and all advice you read from this anonymous Namibian goat fucking image board completely seriously, /biz only allows the best of the best to post, remember to believe everything you read because everyone on this board is a Harvard alumni child prodigy millionaire with an IQ of at least 180. Stick around and pay attention and you'll go far champ, I guarantee it.

>>1114403
Short selling, it allows you to profit from a decrease in price.

>>1123485
No, he wasn't a millionaire before he's only provided proof of his income via his 2014 tax return and some screenshots of brokerage accounts. He probably just doesn't want to admit that that one trade is the reason he's a millionaire.

>>1123513
>>1123676
>>1123702
>>1123709
>>1123722
you can reply to multiple posts like this

>>1123748
I'm on a shitty mobile phone that can barely load this website much less browse other comments when I'm trying to reply it's not that easy to do nigga

>>1121886
what site did you use ?

>>1109826
Gotta love the BoJ.

Just BTFD senpai.

Is he a genious?

>>1125291
yes