Day Trading In Japan

[PokerAmateur4]

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.

[Henry17]

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.

[stephenNUTS]

[ 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]

[pig4bill]

If you want to see wild daytrading, look at China.

[stephenNUTS]

[ QUOTE ]
If you want to see wild daytrading, look at China.

[/ QUOTE ]

Thats an under statement [img]/images/graemlins/cool.gif[/img]

[Jimbo]

[ QUOTE ]
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

[petp_the_greek]

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.

[Plateau]

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.