Japanese Day Trader makes $34M

 
Post new topic    LakersGround.net Forum Index -> Off Topic Reply to topic
View previous topic :: View next topic  
Author Message
ringfinger
Retired Number
Retired Number


Joined: 08 Oct 2013
Posts: 29418

PostPosted: Mon Aug 31, 2015 8:54 pm    Post subject: Japanese Day Trader makes $34M

While everyone else was panicking, this guy was getting rich. Crazy.

http://www.bloomberg.com/news/articles/2015-08-28/while-many-panicked-japanese-day-trader-made-34-million
Back to top
View user's profile Send private message Reply with quote
fiendishoc
Star Player
Star Player


Joined: 23 Jun 2005
Posts: 8488
Location: The (real) short corner

PostPosted: Mon Aug 31, 2015 9:30 pm    Post subject: Re: Japanese Day Trader makes $34M

ringfinger wrote:
While everyone else was panicking, this guy was getting rich. Crazy.

http://www.bloomberg.com/news/articles/2015-08-28/while-many-panicked-japanese-day-trader-made-34-million


He was already rich, if the article is correct, operating off a capital base of 150 million. Which makes a 275 million notional short position on the Nikkei a pretty big bet, but not outrageous compared to some futures traders. Nice timing though.
Back to top
View user's profile Send private message Reply with quote
lakersken80
Retired Number
Retired Number


Joined: 12 Aug 2009
Posts: 38749

PostPosted: Mon Aug 31, 2015 9:30 pm    Post subject: Re: Japanese Day Trader makes $34M

ringfinger wrote:
While everyone else was panicking, this guy was getting rich. Crazy.

http://www.bloomberg.com/news/articles/2015-08-28/while-many-panicked-japanese-day-trader-made-34-million


That day was a great day to pick up many stocks at bargain prices.....
2008 when the market crashed was a good time as well....
I remember my friend bought Ford for a discount rate of a buck and a half per share at the time.
Back to top
View user's profile Send private message Reply with quote
Display posts from previous:   
Post new topic    LakersGround.net Forum Index -> Off Topic All times are GMT - 8 Hours
Page 1 of 1
Jump to:  

 
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum






Graphics by uberzev
© 1995-2018 LakersGround.net. All Rights Reserved. Privacy Policy. Terms of Use.
LakersGround is an unofficial news source serving the fan community since 1995.
We are in no way associated with the Los Angeles Lakers or the National Basketball Association.


Powered by phpBB