The Day Trader Who Turned $13,600 Into $153 Million in 4 years
Takashi Kotegawa was born on March 5, 1978, in Ichikawa, Chiba, Japan.
He started trading stocks on the Tokyo Stock Exchange in the bear market of 2001.
Despite being a multi-millionaire, he stays humble. He doesn’t buy fancy cars or eat lavish meals. He rides a bike and likes to eat ramen.
One thing he did splurge on … a top-floor apartment that he bought for 400 million yen. (Roughly $3.65 million at 2021 exchange rates.)
Takashi’s also known in the Japanese trading community by his chatroom username “BNF.” And he earned the nickname “J-Com man” after one of his most famous trades…
In 2005, he made millions on a single trade in J-Com Holdings after its IPO on the Tokyo Stock Exchange.
That opportunity was thanks to an error made by a trader at Mizuho Securities. This trader accidentally sold 610,000 shares at one yen each instead of selling one share at 610,000 yen. Ouch.
The huge sell order sent the stock price crashing. And Takashi saw an opportunity.
He bought 7,100 shares while the price was down. But he wasn’t the only one. The low price caught the attention of other traders and investors. A buying frenzy followed…
Takashi sold part of his position into the bounce and held some shares overnight. By the end of the trade, he had made more than $17 million!
Find out how it all went down in this video