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/biz/ - Business & Finance


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8527032 No.8527032 [Reply] [Original]

His strategy is risky, though: Buy stocks when they're way below the EMA (I guess he looks at oversold RSI or Bollinger bands) and bet on a return to normalcy.

I guess this works extremely well in a bull market and he does the opposite and shorts highs in a bear market.

We're still in a bear market.

>> No.8527721

>CIS’s first big score came on Dec. 8, 2005, when someone at Mizuho Securities Co. made a costly typing mistake.
>Rather than selling a single share of a small recruiting company called J-Com Co. for ¥610,000, Mizuho offered 610,000 shares for ¥1 each. The order was for 42 times the number of outstanding shares.
>CIS saw it had to be an error and was among a small number of day traders and institutional investors who pounced. CIS says he bought 3,300 shares, about a quarter of the actual total, at the limit-low price.
>By the time everything was sorted out, Mizuho’s quarterly profit was gone and CIS was, as he tells it, ¥600 million richer.
>Another day trader, Takashi Kotegawa, who is known as BNF, made more than ¥2 billion, according to a Bloomberg News report at the time. Efforts to reach Kotegawa were unsuccessful, and it is unclear whether he still trades.
Seems like he made his money getting lucky rather than being a genius.

>> No.8527997

>>8527721
getting rich is luck.
staying rich is being smart

>> No.8528107

>>8527721
How the fuck did he get away with that irl?
I thought that kind of bullshit only flew in mmo auction houses where noone cares that timmy accidentally forgot to add the 0s to his precious loot listing.

>> No.8528148

>>8527721
Don't the markets have rollbacks and safeguards? Thought they had fatfinger kill switches

>> No.8528449

>>8527721
That's another dude. They're friends, though.

>> No.8528818

>>8528107
Japan, I guess. They must have realized it was their fault and accepted their mistake.

>> No.8528978

>>8528818
very honorable, typical japanese. american jews would roll that shit back faster than a biztard can make a brap post

>> No.8529091

>>8527032
No he's not he got lucky once and now everyone thinks he's a genius

>> No.8529214

>>8528449
no it was bnf and another guy,
there both famous, another note bnf made most of his money in BEAR market, ur also using his strat wrong but im not going to help u guys any longer, i hope u guys continue research him and TA but also sage this thread

also another note yes he made 20million with luck but from then on every year he made insane gains in 10 years he got to 200million and i think is near 400million now, this is all his money and he is 1 trader, he also accounts for .05 % of all yearly trading volume in japan in the market he is in lol

>> No.8529318
File: 14 KB, 251x242, 1477620350180.jpg [View same] [iqdb] [saucenao] [google]
8529318

>>8527032
>short in a bear market
>buy in a bull market
and how are you going to predict the reversals without losing your stack?

>> No.8529445

>>8527997
i'm gonna frame this on my wall