One-Trillion Traders Are Doing Scalping
Good morning, everyone.
I have replied to all the messages I received from last night through this morning.
If there is anyone who has not yet received a message, please let me know via a message.
＊To all users who are Billionaire Traders scalping and using non-typical hedging in FX,
I would like you to read this Investment Navigator+ every day if possible.
I am writing articles that supplement the manual, so I hope you will apply them in your daily trading activities.
I have summarized what is important in trading.
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[Definitive Edition] Billionaire Trader Scalping & Unconventional Hedging
Scalping by billionaire traders can be practiced with two methods.
Today there is an ECB policy rate announcement.
The previous rate hold is already priced in, but the ECB tends to move in the time window before the announcement on the day of the release, so it feels like there can be movement.
Thereafter, the ECB president’s press conference and US indicators coincide, so those who like EUR/USD may be able to trade well.
The pound/yen has been trending downward smoothly up to this morning.
Billionaire Traders scalping users, please consider switching your usual 1-minute chart to a 1-hour chart to view it.
As a result, the important line and the initial termination line of 18187 have been breached lower.
Another point to watch is the 1-hour chart that has been dropping sharply even before the buy/sell switch.
This is a phenomenon where the decline speed is rapid and the drop appears to be continuing, so remember it and have time to check on the 1-minute or 5-minute charts.
Today I will share an amusing story from my Lehman era, not related to trading.
Yesterday I received a call from a former subordinates from the Lehman days after a long time, and I heard various updates about his situation.
He is younger than me, in his 40s, and runs a real estate-related company in Malaysia.
My Lehman days began in my early 30s at a US financial institution, where after about a year on the ground, coincidences stacked up and I became an ultra high performer, and in the second year I became a manager with about 50 subordinates, 48 of whom were under me.
My main work was land securitization.
I was at one of the branches in Tokyo with about 100 employees in total, led by a branch manager (GM) and with two managers like me each overseeing about 50 staff.
Because it was an American company, it was a motley crew of people who hopped companies through headhunting, largely a Democratic-like mix.
Many came from securities firms or city banks.
Also, since it was 100% performance-based, I had many subordinates older than me who were in their 30s.
My salary was around 5 million yen including tax, plus rewards based on my subordinates’ results, which were my own rewards.
Generally, the reward was my own reward multiplied by the number of subordinates I had, times 1,000,000 yen.
In total, my annual income was about 55 million yen (including tax).
This continued for nearly 10 years.
As for the GM, with another manager, it was around 110 million yen total (55 million x 2).
Well, even so, that was about middle among the 100 branches nationwide...
I thought, what a ridiculous industry this is.
Salary 5,000,000
Rewards 50,000,000
So, 50% of the rewards went to expenses.
Spending 25 million every year is something you can’t do unless you really go dumb.
Anyway, I wanted receipts.
At year-end, I would go to Ginza’s Louis Vuitton with 10 million yen, buy goods worth 10 million, and get proper receipts, then take them to a pawn shop and walk away with 7 million yen.
＊This method is almost unusable now, just so you know.
During such a downturn, I was a bubble Lehman, but I had an interesting subordinate whom I mentored.
The man I mentioned at the start, the one who went to Malaysia.
The potential customers we wanted to target back then were those with financial assets of 500 million yen or more.
There were many extremely wealthy people in Tokyo, perhaps aliens of money, and I imagine they were taken advantage of by Abenomics and have become even more extraordinary today.
We were targeting such customers, but one day the Malaysian man asked, “Mr. Mori, how can one become such a wealthy customer?”
He asked somewhat vaguely.
At that time, he was in charge of Asakusa, and he mentioned the president of a real estate management company who rented out properties (simply managing the rents) and said, “I want to ride in a Bentley Arnage, a Murciélago, and Mercedes S-Class for my legs. I have a few more family Mercedes too.”
“How can I ride like that?” he asked.
I replied, “Either earn a lot at our company or start your own business.”
(Sales are based on performance, so a figure of 100 million yen or more is common.)
He looked somewhat unsatisfied, so I said, if that’s the case, ask the president directly how to become like the president.
He’ll probably tell you.
I told him that and left home.
The next morning, the Malaysian man came to my room and said, “Mori, I am quitting the company.”
“Starting next month I will be hired as the driver for President〇〇.”
“And how much will you be paid?”
“Thirty thousand yen.”
It was a third of my salary, so I asked if it would be okay, but he said it would be since he was single.
After quitting, we would occasionally talk, and he said it was quite enjoyable.
Time passed, and a few years later he called again, saying he now lives with his family in a town about an hour by car from Kuala Lumpur, has three children, and three maids, living a decent life.
He is an unequivocal success, and I never thought he would quit the company back then, but in the end I’m glad it happened.
Indeed, asking someone who knows is the quickest way when you don’t know something or want to learn.
If you have any questions about the articles, whether you are a user or a reader of Investment Navigator+, please don’t hesitate to message me with your questions.
In this era, no one knows where opportunities will turn up.
Thank you again for today.
[EA Version] Unconventional FX Hedging & Entry Tool
Thank you again for today.
Scalping that Billionaire Traders do
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https://www.gogojungle.co.jp/tools/indicators/42559
Stress-free irregular hedging (well, not losing much)
Unconventional FX hedging
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