Catch a glimpse of a professional attitude learned from legends
TradeStation began selling in the winter of the 2nd year, without any prior notice addressed not to the company but to my name, a large cylinder and a large box arrived from America. When I opened it,OMEA was the payload from the company, containing many posters and booklets the size of legal pads. It seemed that I1996 year, the 4th quarter world sales contest, in which I had placed3rd place. I hadn’t known such a contest existed, nor that such inconsequential prizes would be sent.
I was more curious about what to do with this, and upon reading the email explanation, the booklet could be used as study group material, and it seemed the intention was to organize study meetings for user groups using it. At that time, the company forbade me from spending money on such things, soTradeStation was to be purchased by those who had bought it, and I was to invite acquaintances and hold study meetings at the company’s venue, gathering roughly quarterly. Participants varied, from individual investors to people from mutual fund companies,10 or so attended. In the financial industry at the time, many study meetings were held, such as the San-Sui-kai (a study meeting held on the third Wednesday of each month) or the Sankin-kai, and even in the not-quite-foreign legends, there were well-known figures in the financial industry who served as teachers, and I also attended several times. I hoped to create a meeting like that, but it was entirely funded by the participants themselves, so I couldn’t make something very large; nonetheless, I think it was groundbreaking for its time.
Among them, there was a client from a certain metropolitan bank’s foreign exchange department. His first words to me were that he wanted me to introduce a famous Japanese person who runs a foreign exchange fund abroad. Fortunately, I knew the person. He was the kind, elderly man who cried while watching the NHK program Oshin that had been aired late.NHK In the foreign exchange department of that metropolitan bank, from this contact they purchased the timing and the scheme for trading, and transmitted those instructions every morning to buy and sell.
“From the opening price, after the ●● minutes have passed, buy if the price is in the ●●～●● range, sell if it reaches ××～××, and start cutting losses if it falls below ▽▽.” In other words, this foreign exchange fund issued a daily entry range as a signal, and the bank implemented it by setting profit targets and stop-loss points, and many trades were made based on that. I still cannot forget the astonishment that the idea of “could you introduce me” became this in the dealing room. I learned that the strategy is not about analysis per se, but taking the results of analysis as conditions and constructing trades toward the derived profit and loss targets. I witnessed professionals asking professionals to do it, and watched many trades unfold based on that.
（Next time, people who misuse the system）
