Trader Takashi Kotegawa, strategy and secret of success
Most financial geniuses began their trading careers as financial consultants for large corporations or banks.
But you and I do not have such an opportunity, so a more interesting example of financial success for an ordinary person will be the story of the Japanese trader Takashi Kotegawa.
Takashi Kotegawa is a well-known name in the trading world thanks to his outstanding achievements in the Japanese stock market.
According to existing information, the Japanese trader managed to increase his capital from $13,000 to $153 million.
Moreover, he traded on the stock exchange exclusively online from his home computer.
short biography
The future investor was born on March 5, 1978 in the city of Ichikawa, which is located in Chiba Prefecture, located in Japan.
Almost nothing is known about Takashi’s childhood and youth, except that he received only a secondary education and worked as an ordinary salesman in an electronics store. His favorite hobby was playing video games, he even became a champion in a certain category.
Kotegawa's stock exchange career began in 2001, when he was 23 years old. He set up a workspace in his home and began trading with $13,600 in initial capital, which he saved up while working in an electronics store (according to others, a furniture store).
Trading strategy Kotegawa's career and the secret of success
Oddly enough, the secret to the success of this outstanding trader was a banal mistake by the broker, who messed up the quotes, lowering the price of the shares several thousand times.
As a result, Takashi Kotegawa was able to buy 7,100 shares of J-Com for $71, although their real value at that time was $6,100 per share.
After the successful sale of a stake in J-Com, they managed to earn an amount of $17,000,000.
That is, we can say that Takashi received the bulk of his profit not as a result of his unique strategy, but due to the broker’s mistake. But the later transformation of 17 million into 150 million in a few years also looks impressive.
Takashi's career was not limited to one successful deal; he continued to trade on the stock market with an increased amount of capital.
We developed our own trading methodology, which was based on technical analysis of the market, and the application of the results obtained in intraday trading. Kotegawa spent a lot of time studying trend behavior and searching for patterns , constantly improving his skills.
Takashi likes to trade best on a downtrend , namely a pullback, when the price makes a short-term pullback after a strong rise. Also in trading, a strategy based on divergence was often used.
At the same time, the trader’s favorite indicators are Bollinger bands and the relative strength index ( RSI ).
This is not to say that Takashi Kotegawa only takes short positions; he likes to buy stocks whose price is 20% below the 25-day moving average. That is, he buys assets that have recently fallen in price.
Takashi considers hard work to be the basis of his success: “A good trading mindset is a growth mindset. In the context of stock trading, this is the belief that you can develop your talents through continuous learning and making trading plans. Traders who understand the need to constantly grow and improve achieve much more because they understand that success requires a lot of hard work.”
In the trading environment, Kotegawa received the nickname “Sniper,” which to some extent hints at his involvement in the Sniper strategy .
He is the author of a book sharing his trading secrets called The Yen Way: Profiting from Japanese Yen Currency Swaps.
During the 2008 financial crisis, Takashi suffered significant losses, but managed to restore his capital.
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Article about Takashi Kotegawa on Bloomberg - https://www.bloomberg.com/news