Here’s how BNF made his fortune and how you can apply his strategies to succeed in crypto trading today 👇🧵
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1/ Who is BNF?
Takashi Kotegawa, better known as BNF or “J-Com Man,” is a self-taught trader who became a sensation in Japan for turning a small amount of money into a massive fortune through day trading. Born in 1978 in Ichikawa, Japan, BNF’s story is a mix of skill, discipline, and a bit of luck.
2/ Humble Beginnings
As a 20-year-old college student, BNF had no background in finance. After watching stock market news on TV, he became fascinated and decided to dive into trading. To raise capital, he worked various odd jobs while learning everything he could about the stock market. It wasn’t easy, but his dedication set the stage for his incredible success.
3/ The Big Break: J-Com Holdings Trade
BNF’s most famous trade came in 2005 when a trader at Mizuho Securities mistakenly sold 610,000 shares of J-Com Holdings at one yen each instead of one share at 610,000 yen. Recognizing a golden opportunity, BNF quickly bought 7,100 shares. He sold part of his position during a rebound and held onto the rest overnight. This single trade netted him over $17 million!
4/ Lessons from a Costly Mistake
Even the best make mistakes. In 2008, BNF strayed from his own rules by investing in U.S. bank stocks during the housing market crash, betting they would recover. Instead, he lost over $10 million. This loss reinforced the importance of sticking to his trading principles and only investing in markets he knew well.
5/ The Climb to $153M
Through a combination of discipline, consistency, and a calm mindset, BNF turned his initial $13,600 into $17 million within two years. By 2008, he had grown this to an astonishing $153 million, solidifying his status as one of Japan’s greatest traders.
6/ Applying BNF’s Strategies to Crypto Trading
The crypto market is volatile, much like the stock market during BNF’s early days. Here are three principles from BNF that you can apply to crypto trading:
- Stay Calm and Stick to Your Plan: Emotional trading is a recipe for disaster. Develop a solid trading plan and stick to it, no matter how the market moves. Remember, most traders lose money due to panic and impulsive decisions.
- Find a Mentor: The crypto market is full of risks, and having a reliable mentor can help you navigate these challenges. Learn from those who have been successful, and build a network of trustworthy people who can offer advice and support.
- Don’t Get Emotionally Attached to Money: BNF treated trading like a video game, focusing on the process rather than the money. He once said, "For me, a $100k loss can feel better than a $6k gain if the losing deal was good and the winning deal was bad." This mindset helps you stay objective and make better decisions.
7/ Conclusion
BNF’s journey from a broke student to a trading legend shows what’s possible with discipline, strategy, and a willingness to learn from mistakes. If you’re looking to succeed in crypto trading, take a page out of BNF’s playbook: stay calm, stay focused, and never stop learning.
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