Day Traders: The Heroes In Crumbling Financial Systems
By LawrenceBloomberg published a story about CIS, a successful day trader in Japan. You can follow the link at the end of the post to read his story. It reminded me of another famous Japanese day trader BNF who was made famous back in 2005. You can read about his story too following the link on him at the end of the post. They are good examples that day trading can be a great career.
Japan is the poster child of f$#ked government with corrupted politicians and failing financial system. As the country crumbles slowly, the way out is not higher education for decades now. It is becoming super stars in entertainment, sports and other infinitely scalable money making jobs like day trading which offer individuals the necessary financial freedom.
But the work done by individual day traders who successfully extract money from the corrupted financial system means a lot more. They are, in a way, the check and balance that democracy promised but failed to deliver. Day traders who beat the system fair and square are real heroes of the society in the current environment.
The success story of these two Japanese traders are not exceptions. In Asian countries, traders who make a lot of money, especially those with decades of trading expertise, know how to stay low profile. As you can see from the story of CIS and BNF, they also figured out themselves that protecting their identities is very important. The freedom you can enjoy for being anonymous is priceless.
For Western societies, the past generations of traders making it big almost always go for fame and fortune. That may not be the best way going forward for majority of traders who achieve success in trading in the future. After all, beating a rigged casino is a very cool accomplishment but the expected revenge from the casino bosses can be deadly.
Story on CIS:
Story on BNF:
http://www.japanprobe.com/2008/05/20/takashi-kotegawa-bnf-super-day-trader/
