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  • While Many Panicked, Japanese Day Trader Made $34 Million

    From bloomberg.com

    While a lot of investors were hitting the panic button Monday, a Japanese day trader who’d made a big bet against the market timed the bottom almost perfectly and narrated a play-by-play of the trade to his 40,000 Twitter followers. He claims to have walked away with $34 million. As financial markets got crazy this week, many people turned cautious. Some were paralyzed. Not the 36-year-old day trader known by the Internet handle CIS. “I do my best work when other people are panicking,” he said in an interview Tuesday, about an hour after winding up the biggest trade of a long career betting on stocks. He asked ... (full story)

Dang!!! He did it again!!!
~I'll take 5 pips or whatever I can~
Nonsense! Such stories always come up after market moves like Monday! But I guess only the gullible fall to this humbug, as any rational trader will not go public with such news.

BTW, come to talk of it, how much was his risk capital to be able to make 34m in one day? So many Megalomaniacs out there I would say
  •  Guest
  • | IP XXX.XX.116.50
No real. He must have been playing fantasy markets.
BS
clasgolf
  •  Guest
  • | IP XX.XXX.195.107
Cool, all he has to do now is not lose them, greed can cause that.
  •  Guest
  • | IP XXX.XXX.207.20
I wonder what a non-trader would think of these types of headlines?

Just a note when the global psy-op turns more directly on to trading, everyone guilty...
Well done genius, you did it again
sw786 Return Today: na
  •  Guest
  • | IP XX.XXX.132.129
With a stroke of a pen, any central bank can make trillion $. Would be wise for he to convert some % to hard asset.
nice...
IF 27
  •  Guest
  • | IP XXX.XX.245.135
i don't believe in this story, show us the trading history...
i wonder what broker he has the deal with
He would have traded $1200 per position as it was a about a 2000 pip move give or take 500 pips. If you are trading with most brokers you are looking at a margin requirement of $120 per contract so the margin on this would have been $120,000, a 1 pip move against you would mean $1200 down if he used a 70 pip stop he would have had to have had at least another $100,000 to cover it.

So in theory you would need about $220,000 and been prepared to lose it to make this trade,
  •  Guest
  • | IP XXX.XXX.150.110
That trader's name is Man Altercronic Power from Malaysia who live in Japan
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  •  Guest
  • | IP XX.XXX.49.72
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  • Story Stats
  • Posted: Aug 28, 2015 2:43am
  • Submitted by:
     Newsstand
    Category: Entertainment News
    Comments: 13  /  Views: 8,801