currencynerd

my trading inspiration : $13.6k to $153mil in 8years

Education
currencynerd Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Takashi Kotegawa also known as bedroom day trader


Takashi Kotegawa was born on March 5, 1978, in Ichikawa, Chiba, Japan.

In 2005, Takashi made millions through a single trade in J-Com Holdings after its IPO on the Tokyo Stock Exchange.
That opportunity was thanks to an error committed by a trader at Mizuho Securities, who accidentally sold 610,000 shares at one yen each instead of selling one share at 610,000 yen! That huge sell order sent the stock price crashing. Takashi bought 7,100 shares while the price was down. While he chose to sell a part of his position in the bounce and held some shares overnight, he had reportedly made more than $17 million at the end of that trade. he has since manged to grow his personal trading capital to more than $153million

it's believed that he thinks that it’s easier to make money in bear markets than in bull markets, and looks for short-term rebound plays in stocks that are down.

Some people describe Takashi Kotegawa’s trading strategy as divergence day trading, wherein he uses indicators like Bollinger Bands, Relative Strength Index (RSI), volume ratio, and the 25-day moving average for decision making, but like all day traders, he too likes to capitalize on momentum, especially when the market is down.

he reportedly doesn't buy any expensive cars or watches. The only major investment in his own wealth for him was a new apartment (it seems his bedroom was already too small). Kotegawa is thus a clear example of a trader who is into intraday trading for the love of trading and not primarily for the money, which he takes as a measure of success. It should be noted that, given the current market developments, he has probably managed to multiply his wealth further.

"If you are humble nothing will touch you, neither praise nor disgrace, because you know what you are." — Mother Teresa


research by : Pako Phutietsile
presented by : @currencynerd
courtesy of : @TradingView
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