Trader Takashi Kotegawa: Strategy and Secret to Success
Most financial geniuses began their trading careers as financial consultants in large corporations or banks.
But you and I don't have that opportunity, so a more interesting example of financial success for the average person is the story of Japanese trader Takashi Kotegawa.
Takashi Kotegawa is a name that has become famous 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 exchange exclusively online from his home computer.
Brief biography
The future investor was born on March 5, 1978 in the city of Ichikawa, which is located in Chiba Prefecture, Japan.
Almost nothing is known about Takashi's childhood and youth, except that he only had a high school education and worked as a salesman in an electronics store. His favorite hobby was video games, and he even became a champion in a certain category.
Kotegawa's stock market career began in 2001, when he was 23. He set up a workstation in his home and began trading with $13,600 in starting capital, which he saved while working at an electronics store (or, according to other sources, a furniture store).
Trading Strategy Kotegawa's Career and the Secret to Success
Oddly enough, the secret to this outstanding trader's success was a simple mistake by his broker, who messed up the quotes, undervaluing the stock by several thousand times.
As a result, Takashi Kotegawa managed 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 the stake, J-Com managed to earn a sum of 17,000,000 US dollars.
So, it's safe to say that Takashi's main profit came not from his unique strategy, but from a broker's error. However, the subsequent transformation of 17 million into 150 million over several years is equally impressive.
Takashi's career did not end with one successful deal; he continued trading in the stock market with an increased amount of capital.
He developed his own trading methodology based on technical market analysis and applied the findings to intraday trading. Kotegawa spent a lot of time studying trend behavior and searching for patterns , constantly refining his skills.
Takashi prefers to trade downtrends , specifically pullbacks, when the price makes a short-term pullback after a strong rise. He also frequently used a strategy based on divergence.
The trader's favorite indicators are Bollinger Bands and the Relative Strength Index ( RSI ).
It's not that Takashi Kotegawa exclusively takes short positions; he prefers buying stocks whose prices are 20% below their 25-day moving average. In other words, he buys assets that have recently fallen in price.
Takashi credits hard work as the foundation of his success: "A good trading mindset is a growth mindset. In the context of trading, it's the belief that you can develop your talents through constant learning and developing 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 community, Kotegawa received the nickname "Sniper", which to some extent hints at his involvement in the eponymous 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 recover his capital.
Recommended brokers for intraday stock trading - https://time-forex.com/vsebrokery/brokery-fondowogo-rynka
An article about Takashi Kotegawa on Bloomberg - https://www.bloomberg.com/news
