Meet Takashi Kotegawa (aka BNF / J-Com man), Japan’s most famous day trader:
On October 9, TV Tokyo broadcasted a special program that consisted of information about US subprime mortgage woes, worldwide market turmoil in this summer and gold market price.
This man(29-years-old) is most famous Japanese individual stock day trader named Takashi Kotegawa, his nickname is “B・N・F”. He has increased his own fund from 1.6 million yen($13,600) to 18 billion yen($153 million) for 8 year or so (I have ever introduced his information to FF members in May).
Anterior half: His trade room which he bought a condominium in cash that’s worth 400 million yen. On August 17, when he saw big fall of Tokyo market, he decided to become wait-and-see stance. He said that his decision was the worst in this year and he deeply regrets that he failed to earn 500 million yen at that time.
Last half: After FOMC’s interest rate cut, he sold all his stock holdings(financial sector stocks etc…) and he earned 400 million yen by the close of morning trading. He said to the announcer, “I don’t know Japanese stock market’s future. I don’t look at market from a long-term perspective.”
How does this ultra-rich day trader live? A TV program that aired on Sunday night asked him a few questions about his lifestyle:
What is revealed:
- The most expensive thing he bought recently were two Nintendo Wii gaming systems.
- He doesn’t carry around large amounts of cash because he feels that looking at it would hurt his ability to make sound judgments when daytrading.
- He eats cup ramen for almost all of his meals. Not only does it save time, it also prevents him from eating large meals that make him sleepy.