Meet BNF — a Japanese day trading legend
He turned $13K into $153M in JUST 2 YEARS
Why this man is a trading GOD
& How to use his strategies to make $10M in crypto 👇🧵
Japan’s famed ‘bedroom’ trader Takashi Kotegawa is known as “BNF” and often nicknamed “J-Com-Man”.
He was born in 1978 in Ichikawa, Japan.
His path to success was far from easy, but a bit of luck and a solid plan led him to amass a fortune of $153 million.
As a broke 20-year-old college student, BNF became interested in the stock market after watching TV news.
For two years, he changed various jobs to raise capital while concurrently delving into the intricacies of the stock market.
His perseverance paid off as he invested in Japanese stocks during a bear market, staying calm amid widespread panic.
In 2005, Takashi made millions from a single trade in J-Com Holdings.
This opportunity arose due to an error by a Mizuho Securities trader, who mistakenly sold 610,000 shares at one yen each instead of selling one share at 610,000 yen.
Takashi saw a new opportunity.
He bought 7,100 shares when the price was down.
Then Takashi decided to sell part of his position during the bounce and held onto some shares overnight.
Reportedly, he made over $17 million by the end of that trade.
Later, BNF once strayed from its trading rules by investing in U.S. stocks instead of Japanese ones.
Acting on a misguided assumption, he invested substantially in bank shares during the housing market crash and lost over $10 million.
This experience taught him a valuable lesson about the importance of adhering to his trading principles.
Through discipline, consistency, rationality, determination, and focus, BNF achieved remarkable success.
Within two years, he transformed his initial investment of $13,600 into an impressive $17 million.
By 2008, he had turned that $17 million into $153 million.Takashi rules are especially relevant in the crypto market.
Here are 3 key principles that can be taken away from this story:
1️⃣ Stay calm while trading
90% of people lose money due to emotions.
A sharp rise or significant drop in market prices often triggers a surge of emotions.
To outperform others, stick to your trading system and remain calm.
2️⃣ Find a reliable mentor
Crypto is a risky field, and a mentor can help you avoid mistakes and protect your funds.
Surround yourself with trustworthy people who can offer advice in challenging situations.
Remember, your network is your net worth.
3️⃣ Don't take the money you earn too seriously
Takashi 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."
He viewed trading like a video game; this mindset helped him take his earnings less seriously.Don't miss any of my future threads!
