Day trader Miya (みや) lost approximately ¥10 million in the first 3 months, but later had periods when he earned ¥3.7 million a day. He explains his practical methods for identifying buying opportunities on pullbacks and the characteristic price movements of major stocks.
Day trader Miya (みや) has earned ¥3.7 million in a single day through day trading individual stocks, and also had a period when overnight CFD trading generated profits of ¥13 million a day. In the early stages, he applied a rule of adjusting holding periods by combining short sales and purchases. He also discusses the characteristic price movements of stocks such as SoftBank Group and Taiyo Yuden.
To identify buying opportunities on pullbacks, he uses a retracement to half the prior rise as the threshold, explaining that he closes the position if the price falls below that halfway point and selling accelerates. He says the reason for using a longer time horizon only for purchases is that strong stocks often break through a pullback and rise again.
In analyzing the stocks he continues to follow, he says SoftBank Group, as a large-cap stock, can attract large buy orders all at once, and may rise again even after a temporary decline following a sharp rise. He notes that Taiyo Yuden often shows strength on days when semiconductor and AI-related stocks decline, and tends to rise by forcing short sellers to cover their positions.
The usual trading size is around 1,000 shares, with purchases sometimes split into 500 shares, 200 shares and 200 shares depending on market conditions. Overall, he emphasizes the repeatability of each stock's price movements and advocates using combinations of purchases and sales to navigate different market conditions.