#1
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Day Trading In Japan
I just read this in a homework assignment and thought it might be of some interest to you guys. I certainly had no idea there were such opportunities:
Some think that day trading in the stock market ended with the bursting of the dot-com bubble. Not in Japan. Homemaker Yuka Yamamoto got bored watching shows on television. After seeing an ad on TV, she took $2,000 in savings and started day trading stocks using her home computer. Within a year, she turned the initial $2,000 into a cool $1 million and became a celebrity in Japan. She’s a popular speaker and has contributed to several books on day-trading. She’s not alone. Discuss. |
#2
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Re: Day Trading In Japan
Discuss what? That apparently someone is an abnormality to the norm?
I remember a story about someone turning $430 into $3M playing BJ in 1994. That doesn't mean BJ is a profitable endeavour. |
#3
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Re: Day Trading In Japan
[ QUOTE ]
I just read this in a homework assignment and thought it might be of some interest to you guys. I certainly had no idea there were such opportunities: Some think that day trading in the stock market ended with the bursting of the dot-com bubble. Not in Japan. Homemaker Yuka Yamamoto got bored watching shows on television. After seeing an ad on TV, she took $2,000 in savings and started day trading stocks using her home computer. Within a year, she turned the initial $2,000 into a cool $1 million and became a celebrity in Japan. She’s a popular speaker and has contributed to several books on day-trading. She’s not alone. Discuss. [/ QUOTE ] Oh Lord.....now Japan? I would love to see her verified P+L statements from her BD,before believing even 1% of this story. Most of these stories/info-mercials you see or hear about on TV profess the same thing...spewing non-sense about how to become rich DT'ing. But in reality they are selling something else ....books,courses,DT brokerage accounts with the bells and whistles software packages,etc I dont care if they are in Japan,the North Pole ,or wherever.They are just selling you a DREAM.....that they themselves know is just that! ALOT of people make ALOT of monies off daytraders.Another simple example I have never talked about,is just the extra liquidity they provide in the markets intra-day that the Pro's always exploit,and the majority of these DT'ers dont even know it,getting sucked into trades they MUST liquidate by days end As I have said before 95%+ go broke from the slippage alone,or are just ground down in fees and commissions Stephen [img]/images/graemlins/cool.gif[/img] |
#4
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Re: Day Trading In Japan
If you want to see wild daytrading, look at China.
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#5
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Re: Day Trading In Japan
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If you want to see wild daytrading, look at China. [/ QUOTE ] Thats an under statement [img]/images/graemlins/cool.gif[/img] |
#6
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Re: Day Trading In Japan
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I would love to see her verified P+L statements from her BD,before believing even 1% of this story. [/ QUOTE ] Pretty sure this was verified long ago, old news. Jimbo |
#7
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Re: Day Trading In Japan
with interest rates in japan at 0.5%, it just begs for people to invest in the market. read a year ago that FX day-trading is big there too.
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#8
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Re: Day Trading In Japan
Kind of off topic.... but If you are interested in reading a great book about trading in Japan read Ugly Americans by Ben Mezrich (wrote Bringing Down the House). There are some pretty sick stories about Japanese culture with relation to trading/hedge fund type stuff.
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