Trader live-tweeted trades in a legendary run
A mystery 36-year-old day trader with the twitter handle @cissan_9984 outlined an epic run of trades this week that netted him a fortune, Bloomberg reports in a fantastic profile.
He was already well-known in Japan after a Bloomberg profile last year and has 40,000 followers on Twitter. (The downside is that it's all in Japanese)
Here are some of the lessons from his comments:
- When he trades, he tracks volumes and price moves to follow the momentum. For him the basic rule is: "Buy stocks that are being bought, and sell stocks that are being sold."
- On Aug 12 he said he noted that shares in the major indexes were struggling to recover from sell-offs so he began building a short position
- He continued to add to winning positions once the market began to go his way
- After last Friday's US slump he expected fear at the US open on Monday
- At the bottom, he reversed his position
It's an amazing story.
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