Takashi Kotegawa, known as "BNF," built a fortune (reportedly exceeding $150 million) primarily through high-frequency day trading on the Tokyo Stock Exchange, starting with roughly $13,600 in 2001. He focused on contrarian, short-term strategies, buying stocks heavily oversold during market panic and selling them upon rapid, short-term price rebounds, often within 2–6 days.
Kotegawa capitalized on this rare opportunity by purchasing thousands of shares at very low prices and selling them after the market corrected, reportedly making over $17 million from that single trade. This event cemented his reputation as one of Japan's most successful and enigmatic traders.
During the market crash in 2008, while panic dominated the markets, Kotegawa remained calm — buying when others were selling. Those bold and calculated moves multiplied his fortune. 💼 Result: In less than 8 years, his portfolio exploded to over $153 million — all made by himself.
How Takashi Kotegawa turned ₹9 lakh into ₹1100 crore | Akhilesh Mishra posted on the topic | LinkedIn.
The richest and most famous forex trader is widely considered to be George Soros, legendary for "breaking the Bank of England" in 1992, netting $1 billion in a single day by shorting the British pound, with estimated net worths often cited above $8 billion. Other top contenders for wealth and influence in currency markets include macro traders like Paul Tudor Jones, Stanley Druckenmiller, and Bill Lipschutz, known for massive profits from identifying macroeconomic trends.
Takashi Kotegawa aka Japanese BNF Day Trader Who Turned $13,600 Into $153 Million. Takashi Kotegawa (aka BNF/J-Com man) is one of Japan's most famous day traders. He's also one of the most famous traders in the business.
I just crossed + $500,000 in profits after 1 year of full time day trading. In that time, I have had a maximum cumulative drawdown of only — $6,419 with an average drawdown of -$1,000. This article is my holistic approach to risk management that any trader can apply to their own strategies.
The "24-year-old trader making $8 million" refers primarily to Jack Kellogg, a successful day trader who reported over $8 million in gains from trading in 2020 and 2021, starting with just $7,500 and leveraging key indicators like VWAP, support/resistance, volume, and linear regression for simple, adaptable strategies. His story highlights achieving significant returns by weathering different market conditions, learning from losses, and sticking to core principles rather than overcomplicating things.
The "90-90-90 rule" in trading is a harsh reality check stating that 90% of new traders lose 90% of their money within the first 90 days, highlighting the high failure rate due to emotional decisions, poor risk management, and lack of education/strategy. It serves as a cautionary tale, emphasizing that success requires discipline, a solid trading plan, continuous learning, and strict risk control (like risking only 1-2% per trade) to avoid the common pitfalls that wipe out most beginners.
He seems to have shifted his focus on the slower real estate market (a rumor is due to spend more times with his wife and families).
The 3-5-7 rule in trading is a risk management guideline: risk no more than 3% of capital on one trade, keep total risk across all trades under 5%, and aim for winning trades to be at least 7% larger than losing trades (or a 7:1 ratio) to ensure profits outweigh losses and protect capital. It promotes discipline, reduces emotional trading, and balances potential high rewards with controlled risk, making it great for beginners.
The current SEC Day Trading Rule allows the wealthy to Day Trade in the Stock Market on a daily basis while the smaller investor is not allowed to do so.
Stocks were valued at just 12 percent of what they had been worth in September 1929. Altogether, between September 1929 and June 1932, the nation's stock exchanges lost $179 billion in value. The great stock market crash of October 1929 brought the economic prosperity of the 1920s to a symbolic end.
In the high-stakes world of trading, few stories are as captivating as that of the Japanese day trader known by the pseudonym "CIS." In August 2015, amid global market turmoil, CIS claimed to have made a staggering $34 million in a single day.
The Kotegawa Setup is a repeatable trade model: Identify a target stock with unusually high trading volume. Look for a sharp price drop of 5–10% in a short time. Determine whether news causes the decline or market overreaction.