The man who increased 1.6 million yen to 18 bln yen in 8 years | Forex Factory

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The man who increased 1.6 million yen to 18 bln yen in 8 years

  • #1
  • First Post: Edited 3:11am Oct 13, 2007 3:04am | Edited 3:11am
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 daytrader 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).
See(3.9 minutes): http://jp.youtube.com/watch?v=AmmzANKTGE
or http://kabushiki-blog.com/article/58486392.html

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."
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  • #2
  • Oct 13, 2007 6:35am Oct 13, 2007 6:35am
Quoting Fumafuma
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 daytrader 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).
See(3.9 minutes): http://jp.youtube.com/watch?v=AmmzANKTGE
or http://kabushiki-blog.com/article/58486392.html

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."
Thats great.. and quite doable with compounding.. I think its about 40% per year on your account.
  • #3
  • Oct 13, 2007 7:57am Oct 13, 2007 7:57am
Quoting peterM
Thats great.. and quite doable with compounding.. I think its about 40% per year on your account.
Actually, it's more like 221% per year* on the account compounded, or just over 10% per month** compounded.

I think I commented on this when it was posted several months ago, that a lot of newbies in both Forex and futures think they have to shoot for 40-50% monthly returns, or even close to 100%/mo. to "make millions". Then they somehow feel deficient and give up because they are very short of that goal (or lose 40-50%). Really, 10% per month is plenty to "make millions" in about 5-6 years time, starting with a few thousand dollars.


* 18 x 10^9 / 1.6 x 10^6 = 11250; (11250) ^ (0.125) = 3.20918; 3.2098 - 1 ~= 221%

** (3.2098) ^ (1/12) = 1.102045; 1.102045 - 1 ~= 10.2%
  • #4
  • Oct 13, 2007 8:09am Oct 13, 2007 8:09am
so do Japanese girls put posters of this guy on their walls?
  • #5
  • Oct 13, 2007 9:24am Oct 13, 2007 9:24am
Trade what you see, not what you think.
  • #6
  • Edited 12:39pm Oct 13, 2007 9:50am | Edited 12:39pm
Quoting Fumafuma
This man(29-years-old) is most famous Japanese individual stock daytrader named Takashi Kotegawa, his nickname is "B・N・F".
Fumafuma...what is "Bonof" ? can u translate it in english?
Thanks.
  • #7
  • Oct 13, 2007 10:39am Oct 13, 2007 10:39am
This guy made most of his money when Mizuho Securities, by accident sold shared that were worth 100USD for 1USD (not the exact figures but you get the idea) So he is not the most amazing trader in the world, but rather the most lucky trader in the world...

Best regards,

Vlad

P.S. Found the article online: http://findarticles.com/p/articles/m...1/ai_n15942426

Shares sold at 1Yen apiece

Takashi Kotegawa, 27, who is officially listed as 'unemployed' in finance ministry documents, made a Y2bn profit

He had previously racked up losses of up to Y100m (pounds 500,000) a day and said he was close to despair. <--- LOL LOL LOL
  • #8
  • Oct 13, 2007 12:18pm Oct 13, 2007 12:18pm
Quoting zek132
This guy made most of his money when Mizuho Securities, by accident sold shared that were worth 100USD for 1USD (not the exact figures but you get the idea) So he is not the most amazing trader in the world, but rather the most lucky trader in the world...

Best regards,

Vlad

P.S. Found the article online: http://findarticles.com/p/articles/m...1/ai_n15942426

Shares sold at 1Yen apiece

Takashi Kotegawa, 27, who is officially listed as 'unemployed' in finance ministry documents, made a Y2bn profit

He had previously racked up losses of up to Y100m (pounds 500,000) a day and said he was close to despair. <--- LOL LOL LOL
LOL, the luckiest guy in the world, for sure. Not necessarily the best trader around. Good find. My question is, how could this guy afford to lose 500,000 pounds a day?
  • #9
  • Edited 12:31pm Oct 13, 2007 12:20pm | Edited 12:31pm
Quoting zek132
This guy made most of his money when Mizuho Securities, by accident sold shared that were worth 100USD for 1USD (not the exact figures but you get the idea) So he is not the most amazing trader in the world, but rather the most lucky trader in the world...

Best regards,

Vlad

P.S. Found the article online: http://findarticles.com/p/articles/m...1/ai_n15942426

Shares sold at 1Yen apiece

Takashi Kotegawa, 27, who is officially listed as 'unemployed' in finance ministry documents, made a Y2bn profit

He had previously racked up losses of up to Y100m (pounds 500,000) a day and said he was close to despair. <--- LOL LOL LOL
13,500 when he started 8 years ago..that means when he graduated at 21 he already had a PC, plenty of time, a spare room, 13,500 USD of free money to play without going to work 9 to 5 as we all do after university and save some for trading PLUS proud parents to support and give whatever he does in his house.

AGREED TOO LUCKY
  • #10
  • Dec 5, 2007 11:36pm Dec 5, 2007 11:36pm
Quoting spiderforex
13,500 when he started 8 years ago..that means when he graduated at 21 he already had a PC, plenty of time, a spare room, 13,500 USD of free money to play without going to work 9 to 5 as we all do after university and save some for trading PLUS proud parents to support and give whatever he does in his house.

AGREED TOO LUCKY

I just looked at one of the video about this guy, it is said he got his initial 13,500 USD by working part time which is very normal amount of saving in Japan in the early twenties.
Most Japanese live with parents till their late 20's early 30's (many never leave! )
I have to agree that this guy is VERY lucky with the Mizuho mistake (there is no information about the 2nd lucky person to whom Mizuho mistake was beneficial)
  • #11
  • Dec 6, 2007 12:13am Dec 6, 2007 12:13am
He is not the only lucky one. There is a Philippine Businessman, William Gatchalian who made millions when his supplier erred in the delivery. It was said that he ordered USD100K worth of raw plastic materials from a Japanese supplier who deliver USD100M worth instead. Shrewed as he is, he never returned the excess. This occurred more than 20 years ago.

Business is business. The Japanese supplier stood by the loss - it was after all, their mistake.

I hope that in Forex, brokers would be the same. If they sold you a pair 200 pips below the market price, they should honor that and not go back rescinding it.
  • #12
  • Dec 6, 2007 12:52am Dec 6, 2007 12:52am
I'm from Hong Kong and I know William Gatchalian is not really Philippines citizen. He is British. He's from Hong Kong and I know his relatives. They told me William bribed the then justice secretary Neptali Gonzales(now dead). Gonzales doctored his documents and made him a Philippines citizen. How the hell he became Plastic King amazed us here. Now I know with Burger King's story. And in Philippines, everything is possible with money.

To go back to the topic, forex is not something you can predict. It's really gambling. So, even if you study all the news, prices, statements, you still have to be lucky.
  • #13
  • Edited 1:49am Dec 6, 2007 1:27am | Edited 1:49am
This video (0:59~) is a little bit old but BNF (his nickname) says he has made about 2.5 billion yen so far this year as of 10/10/07, though he also lost 7 billion yen in October. I have heard someone says his asset has now reached to 12-15 billion yen.

ttp://jp.youtube.com/watch?v=oRUVMWkY6YI

In another video, he says his asset is now 17-18 billion yen. He started his trading 8 years ago with only 1.6 million yen. He bought the condo worth 400 million yen in cash. In the latter part of this video, he shows that he made 400 million yen by selling some bank's stock by noon that day.

ttp://jp.youtube.com/watch?v=hfkdEVFYzNw&feature=related
  • #14
  • Dec 6, 2007 9:56pm Dec 6, 2007 9:56pm
Quoting naminori
This video (0:59~) is a little bit old but BNF (his nickname) says he has made about 2.5 billion yen so far this year as of 10/10/07, though he also lost 7 billion yen in October. I have heard someone says his asset has now reached to 12-15 billion yen.

ttp://jp.youtube.com/watch?v=oRUVMWkY6YI

In another video, he says his asset is now 17-18 billion yen. He started his trading 8 years ago with only 1.6 million yen. He bought the condo worth 400 million yen in cash. In the latter part of this video, he shows that he made 400 million yen by selling some bank's stock by noon that day.

ttp://jp.youtube.com/watch?v=hfkdEVFYzNw&feature=related
Please try to resend the video links, they are not working
  • #15
  • Dec 7, 2007 12:07am Dec 7, 2007 12:07am
Quoting Fumafuma
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 daytrader 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).
See(3.9 minutes): http://jp.youtube.com/watch?v=AmmzANKTGE
or http://kabushiki-blog.com/article/58486392.html

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."
thx for sharing, fuma~
anything is possible. Look at his trade station.. omg.
  • #16
  • Oct 6, 2009 11:08am Oct 6, 2009 11:08am
Amazing ....amazing ......but is he still around?
  • #17
  • Oct 6, 2009 11:59am Oct 6, 2009 11:59am
I don't know about him but thread starter is not around.
  • #18
  • Last Post: Oct 6, 2009 1:02pm Oct 6, 2009 1:02pm
Youtube says the video contains malformed ID
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