/biz/ - Business & Finance

[Anonymous No.8644807]

Does anyone know much about this Japanese autistic NEET hero?

Apparently turned $13000 into $250000000 in eight years trading.

[Anonymous No.8644828]

>>8644807
Not much is available and what is, is in Japanese.
My pet theory is that he's just very autistically focused on making numbers go up or down. This is reinforced by the fact that he's now retired and plays mobile grinding games and tweets about it.

[Anonymous No.8644839]

>>8644807
forgot video

https://www.youtube.com/watch?v=La-WIYNjgoY&t=4s

[Anonymous No.8644859]

Here's his net-worth history:

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) <-- J-Com incident
2006 - ¥15bn ($143m)
2007 - ¥16.5bn ($158m)
2008 - ¥21.8bn ($208m)

>>8644828
Isn't that a different guy?

[Anonymous No.8644880]

>>8644859
Is it?
I know theres like 2 Japanese daytrading legends but I thought it was the same person

[Anonymous No.8644910]

>>8644859
Same guy.

Crazy gains even without the J-Com incident.

[Anonymous No.8644990]

>>8644880
>>8644910
That's CIS I think, he made similar gains. He comes across a lot less autistic than this guy. How the fuck do 2 Japs just turn $10k into a hundred million in ten years with autistic trading? What do they know that we don't? From what little I can find about them, apparently their trading style is literally just watching the L2 order books all day, getting a feel for market sentiment and trading on intuition. I've heard similar things from other genius traders.

[Anonymous No.8645007]

There's only one trading legend

[Anonymous No.8645014]

How do we know this is actually true? How is it verifyable?

[Anonymous No.8645027]

>>8645014
Japanese people can't lie.

[Anonymous No.8645029]

>>8644807
commas are hard

[Anonymous No.8645063]

>>8644990
Both were involve in the com incident that netted them millions allowing there exponential gains, bnf is clearly the better trader but both r legends


They use TA

[Anonymous No.8645088]

>>8644990
It’s called luck. Millions of people trade like this every day and lose money. Someone somewhere has to be making it. Be lucky enough to be on the right side of a trade enough times and you too will seem like a “genius”, but everyone playing markets knows it’s purely gambling, which is why some of the highest paid Wall Street guys sometimes lose tens of millions in a year.

[Anonymous No.8645123]

>>8645088
Skill is a thing.
Skill is the ability to skew probabilities in your favor.

Skill is rare and so is turning thousands into millions, so in terms of whether it's skill or luck, both are about as rare, but it's more useful to believe in skill.
And most importantly, to think in terms of manipulating probabilities.

[Anonymous No.8645127]

>>8644859
Bnf anc Cis are different traders, both located in Tokyo. Bnf was teaching cis I suppose. THere are others too. At peak times the handful of retail traders in Japan accounted for 30% of nikkei's daily volume.

THere was also rumor that these were set ups to bring more people to Nikkei as it had 30 year decline but they have showed tax returns etc. it is unlikely. Usually these are very short term traders, hundreds of trades per day easily but as their bankroll grows to 100m it becomes impossible to trade stocks like that

>>8645088
I doubt that if you have track records over 10 years and frequency of 10 000 trades per year

[Anonymous No.8645145]

>>8645027
That better be sarcasm

[Anonymous No.8645197]

Cis i believe had win rate of 60% which sounds reasonable. That is statistically close what winning forex traders have. Bnf was trend following and Cis bought divergence

[Anonymous No.8645332]

>>8645197
Other way around