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Comment Re:See mom? (Score 1) 113

According to my speculation he likely had $150,000,000 ($150 million dollars) since that sized account would be able to come close to hitting $15 billion dollars in trading per year. Please note that if you factor in T+3 days to settle funds between trades he likely traded less than 100 times in a 365 day cycle. so from this number we can safely speculate that his real gain could have been 33%. While impressive for a trader, he definitely did not beat the market since the market went up by 57% so he traded like a mad man trying to play games in the market only to have the market beat him by a whopping additional 24%!

Comment Re:See mom? (Score 1) 113

The article suggests he started with 10,000 a decade ago. If he did that, then he's impressive.

I see no mention of the $10,000 anywhere in this article. Actually the article does not state how much money he had to trade with so unless you have a source we have no idea how big the account was. According to my speculation he likely had $150,000,000 ($150 million dollars) since that sized account would be able to come close to hitting $15 billion dollars in trading per year. Please note that if you factor in T+3 days to settle funds between trades he likely traded less than 100 times in a 365 day cycle.

Comment Re:See mom? (Score 1) 113

This is almost certainly wrong. You don't need $15B to make $15B in total turnover. He could be buying and selling hundreds of times a day, or tens of thousands of times a year, rolling over the same money.

You must factor in the time settlement of funds. Even as a day trader or HFT trader, you are subject to the T+3 day settlement rule . So if he only had a small trading account with $1,000,000 ($1 Million) dollars he would be able to trade that entire $1 million dollars less than 100 times per year with that amount of money due to the T+3 funds settlement rule. So if you do the math, it would not add up to $15 billion in volume.

Actually, we can speculate that he likely had a trading account with $150,000,000 ($150 million dollars) since that sized account would be able to come close to hitting $15 billion dollars in trading so from this number we can safely speculate that his real gain could have been 33%. While impressive for a trader, he definitely did not beat the market since the market went up by 57% so he traded like a mad man trying to play games in the market only to have the market beat him by a whopping additional 24%!

Comment Re:A direct quote from Warren Buffett (Score 1) 113

ummmm, I really hate it when anyone makes stupid generalizations without explaining anything. Te whole point of trading, finding winners. How do you know you have a winner or just bought a falling knife? BTW, Buffet does use price targets almost every-time. As a matter of fact Buffet has been known to wait 15 years to buy a stock at the right price just to ensure he's not overpaying. Obviously you've never studied how he buys stock so you're just spewing complete garbage.

Comment Re:See mom? (Score 3, Interesting) 113

Percentage wise he made less than 0.40%!!! The Nikkei stock exchange went up 57% in 2013 in Japan but he only made 0.40% (yes, you see that correctly, less than half of one percent) so no I will not back down from my statement that he is an idiot with ADD. The article does not state how big his trading account is so I had to use the $15 billion total figure for my calculation but nonetheless I'm safely assuming that he must be trading with a few hundred million dollars alone to reach trillions in trading volume.

Comment See mom? (Score 1, Flamebait) 113

He sounds like a kid with serious ADD trading stocks just to kill time and pretend that he actually knows what the hell he's doing. The market in Japan is up, only an idiot could lose money in a up year. Let's see how well he does when the big boys cash out of the musical chairs games at lightning speed with their HFT algorithms and leave him and the rest of the Muppets holding the bag.

Comment Will it get stuck? (Score 5, Funny) 210

Great, I guess the keyboard or whatever shitty peripheral will get stuck and then after beating and shaking the vending machine for 10 fucking minutes you'll end-up calling help-desk to complain that you swiped and you never got your item so they'll send out an vending service guy and spend $400/hr to fix the fucking crappy vending machine rather keep a stack of $2 dollar keyboards in a closet next to the receptionist or secretary. Then again It's Facebook, so I guess their developers/admins must jiz a lot all over their keyboards while they porn surf through user profiles of hot bitches.

Comment It's all about the money. (Score 2) 375

Money talks, and we're all guilty in this rat race to the bottom for the lowest cost. When robotics and automation get good enough, even Foxconn exploited workers will be out of work. We're in the middle of a transition to full or almost fully robotic manufacturing, give it a few years, no one will have a job expect robot builders and service men to maintain them.

Comment Why not sue Monsanto in small claims court? (Score 1) 617

I recently read how a California woman successfully sued Honda in small claims court without the need to spend any money on lawyers. Actually, lawyers aren't permitted in small claims court so Organic farmers could sue Monsanto for practically nothing and Monsanto would not be allowed to send in their lawyers to defend them.

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