A Japanese man, known by the nickname CIS, has built a vast fortune buying and selling shares of Japanese companies over the past decade.
CIS claims that he was able to earn his bachelor’s degree in mechanical engineering with difficulty. Well, he devoted most of his time in college to an RPG called Ultima Online. However, he is convinced that these types of games gave him the necessary skills to move billions of yen daily on the Tokyo Stock Exchange.
Working as a designer of industrial shock absorbers in a small factory. He began by trading stocks valued below their actual price. Like many new traders, he lost money. But he continued his learning in chat rooms and continuously checking the fluctuations of the 300 most important stocks of the moment until he started to see results.
Also read: What is the stock market and how to invest in shares.
How CIS does it
For him there is a basic principle: “Buy shares that are being bought and sell those that are being sold.” In the afternoons after the market closes, CIS spends its time playing online games, including poker and black jack. Which he plays in person on some occasions. So much so that the Walker Hills Casino in South Korea banned him from entering in 2011 for counting cards.
One of his most famous moves was in 2005 when an employee of the investment bank Mizuho Securities made a mistake by selling 610,000 shares of the J-Com company at 1 yen each instead of selling a single share at 610,000 yen. CIS, knowing that it had to be a mistake; he managed to buy 3300 shares.
Also Read: Online Trading: An Easy Start For New Investors.
When everything was settled, Mizuho had lost her quarterly earnings and CIS had 600 million yen more in her account. Lucky or not (surely not), CIS performs 6 winning trades out of 10 and has known how to stay consistent in its earnings for the past decade.
If you want to prepare yourself to understand the market and how to make investments minimizing risk; this may interest you.
Most of his fortune is in stocks and cash. However, he also trades bonds and commodities. He additionally owns two properties; one of them in Tokyo valued at 700 million yen.
Many of the people who become millionaires with this business retire after a short time. However, CIS claims that he can reach 100 trillion yen in assets when he turns 60.
Also read: What is compound interest and why it can make me a millionaire.
His big move.
At the beginning of August 2015, when most investors were in a panic, CIS made one of its spectacular moves. Going against the market, he managed to add $34 million to his account. On his Twitter account he shares information about video games and obviously about trading.
CIS stated in an interview for Bloomberg in 2014, that after a decade of trading in a single room in a rented apartment; he managed to build a fortune of over $150 million dollars.
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