Content that reveals the life, thoughts, and numerous trading methods of professional traders who have reached XX hundred million begins
Very soon on Investment Navi+ a serialized feature by a certain professional trader who shares his daily life, his mindset toward investing, and, naturally for him, a multitude of trading techniques that come naturally to him, will begin.
Today, ahead of its publication, I would like to introduce what it will cover.
The serialized content is the professional trader's background, attitude toward investing, lifestyle patterns, capital management, and the disclosure of trading methods.
In this article as well, I’d like to present a glimpse of one trading method.
However, they strongly stressed that simply having a trading method does not guarantee success.
The stories he emphasized and found memorable included Yoshiharu Habu, Hiromitsu Ochiai, Ichiro Suzuki, and, though not widely known to me, Daigo Umehara, famous in the gaming world, and Miyamoto Musashi, the swordsman who thrived from the Sengoku period through Azuchi–Momoyama to the Edo period. He noted that even within the same industry, if one does not immerse oneself in that one craft to the point of obsession, one cannot achieve great success in investing. In other words, entering the zone, so to speak—thinking about the shogi board day and night, swinging the bat, and continuing such actions—without that attitude, you won’t achieve large success in investing.
He has no experience as a prop trader at a financial institution or as a fund manager, and while working for a conventional company, he began investing in stocks and FX on the side, and has been doing so for about 20 years.
A few years ago, he became independent as a full-time trader, spending about 18 hours a day looking at charts; his current main arena is FX and CFDs.
Among those 18 hours, some of it is spent on other tasks or eating, but by constantly monitoring the charts, he has every possible market situation and chart pattern in his head.
During his 20 years of employment, he did such work only a few hours a day, but from about 20 years of experience he has developed reflexive responses, such as recognizing that unrealized gains that are rising might reverse toward losses, or that unrealized gains may continue to advance.
In other words, it is precisely because he continued performing those kinds of zone-entering activities—like the great figures from other fields mentioned earlier—that he accumulated substantial wealth.
Even without going that far, if you spend only eight hours a day on investing like a regular employee, and the rest eating, playing, and living freely, it would be difficult to earn even a salary comparable to a typical employee; in some years you might even incur losses that shrink your assets to the point where living becomes difficult.
If you think about it, even Warren Buffett of Omaha reportedly spends time reading and studying a company's IR documents whenever he has time.
If you have income from a regular job, the business you run, earnings from a sole proprietorship, and you study individual stocks to do value investing, invest long-term in ETFs, buy mutual funds and hold them, and only when there is a fairly high probability of rise engage in FX or CFDs to buy or sell currencies or gold, then this professional trader's attitude toward investing may not be necessary, and you could get by with studying as a hobby in addition to the knowledge gained at work; but if you plan to live as a full-time trader, you would need the kind of resolve the professional trader speaks of.
Now, today I would like to share a glimpse of a trading method learned from the full-time trader.
As an example, I asked about trading on settlement days.
On settlement days such as the 5th, 10th, 15th, 20th, 25th, or 30th of every month, companies engaged in trade exchange yen for dollars (the base currency being the dollar) or instruct banks to settle in the opposite direction, causing USD/JPY to rise or fall sharply.
And there is a trading method where you monitor the Dow Jones index before the settlement day to forecast which way USD/JPY will move.
However, he also strongly emphasized that on Japanese holidays or holidays in other countries, settlement banks do not operate, so usual settlement-day price movements may not occur. He has continued making such judgments while in the zone for many years, building enormous experience, which has raised the win rate of settlement-day trades. The reason some people cannot win even with knowledge of the method is due to differences in the time and mindset they have devoted to the exploration.
In future content by the full-time trader who is set to reach billions, the author himself will detail his background, background, his attitude toward investing, the lifestyle patterns of a full-time trader, capital management, and the disclosure of trading methods, so for anyone interested in trading it should be an unparalleled resource.
We hope you will look forward to the article's publication.
written by Hayakawa