Beta
×

Welcome to the Slashdot Beta site -- learn more here. Use the link in the footer or click here to return to the Classic version of Slashdot.

Thank you!

Before you choose to head back to the Classic look of the site, we'd appreciate it if you share your thoughts on the Beta; your feedback is what drives our ongoing development.

Beta is different and we value you taking the time to try it out. Please take a look at the changes we've made in Beta and  learn more about it. Thanks for reading, and for making the site better!

Comments

top

Mystery Gamer Makes Millions Moving Markets In Japan

WaterDamage Re:See mom? (113 comments)

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%!

about three weeks ago
top

Mystery Gamer Makes Millions Moving Markets In Japan

WaterDamage Re:See mom? (113 comments)

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.

about three weeks ago
top

Mystery Gamer Makes Millions Moving Markets In Japan

WaterDamage Re:See mom? (113 comments)

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%!

about three weeks ago
top

Mystery Gamer Makes Millions Moving Markets In Japan

WaterDamage Re:A direct quote from Warren Buffett (113 comments)

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.

about three weeks ago
top

Mystery Gamer Makes Millions Moving Markets In Japan

WaterDamage Re:See mom? (113 comments)

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.

about three weeks ago
top

Mystery Gamer Makes Millions Moving Markets In Japan

WaterDamage See mom? (113 comments)

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.

about three weeks ago
top

Mystery Gamer Makes Millions Moving Markets In Japan

WaterDamage It doesn't take a genius (113 comments)

Exactly, it's likely he would have done better just from staying long rather than trading. Lets just see how well he does in a down year.

about three weeks ago
top

High Tech Vending Machines Transform IT Support At Facebook

WaterDamage Will it get stuck? (210 comments)

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.

about a year and a half ago
top

Remote-Controlled Planes Used For Wildlife Conservation

WaterDamage Fukushima needs this too (48 comments)

This kind of setup would be perfect for the Fukushima nuclear disaster. If the radiation isn't going to interfere with the electronics then this could be used to fly over the reactors that are unapproachable or even view-able by humans due to the extremely high concentrations of radioactivity.

more than 2 years ago
top

Remote-Controlled Planes Used For Wildlife Conservation

WaterDamage Re:Pigeons (48 comments)

I Soviet RUSSIA, pigeons hunt you!

more than 2 years ago
top

Ask Slashdot: Tech Manufacturers With Better Labor Practices?

WaterDamage Re:No such thing as ethical corporations (375 comments)

Not true, there are quite a few very good corporations that treat and pay their employees very well. We just tend to concentrate on the bad news. One prime example of the top of my head is Google.

more than 2 years ago
top

Ask Slashdot: Tech Manufacturers With Better Labor Practices?

WaterDamage It's all about the money. (375 comments)

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.

more than 2 years ago
top

17-Year-Old Wins $100K For Creating Cancer Killing Nanoparticle

WaterDamage The 100k was a ripoff (255 comments)

The big pharma company(ies) will make billions from her discovery wile giving her a mere $100k! If I were her, I would have demanded indefinite royalties or 100 million dollars.

more than 2 years ago
top

OpenBSD 5.0 Unleashed On the World

WaterDamage How is this news? (185 comments)

Why is this news on the main page? Ubuntu 11.10 is out too and Windows 8 will be out soon! In other news, Kim Kardashian got divorced after 72 days! Who gives a Beep!

more than 2 years ago
top

RIM PlayBook Email App Nowhere In Sight

WaterDamage DOA (163 comments)

RIM??? They still wasting revenue chasing their proprietary pipe dream? I have 3 letters for them: D.O.A.

more than 2 years ago
top

Your Tech Skills Have a Two Year Half-Life

WaterDamage Re:What about languages? (289 comments)

Possibly, but it depends on what you're coding. If you're a developer creating low level code like drivers then C and even assembly are your only real choices but if you're an app developer you must follow the latest trends and move to the best language that supports the codebase.

more than 2 years ago
top

Your Tech Skills Have a Two Year Half-Life

WaterDamage Re:Depends... (289 comments)

.NET will be on a decline as Microsoft loves to gut programming languages every few years. Just look at how many programming languages MS has had in the past and look at their life-cycles.

more than 2 years ago
top

Your Tech Skills Have a Two Year Half-Life

WaterDamage Totally incorrect... (289 comments)

I can play pong just as well as I did in 1984! I took my Atari 2600 out of the basement, fired it up and hit an all time high score again. Time to hit the Wall Street Occupy protest to complain about evil CIOs and how their greed is destroying my reputation as a highly qualified gamer from the past.

more than 2 years ago

Submissions

WaterDamage hasn't submitted any stories.

Journals

WaterDamage has no journal entries.

Slashdot Login

Need an Account?

Forgot your password?