Keep this in mind to be a pro trader! A lesson from the most successful Japanese Trader BNF


Hello, welcome back to my other video. My name is Kei and I am a pro forex trader
as well as a mentor baed in Tokyo, Japan. Today, let me introduce one of the most profound
investors in Japan I think and also, let me share what I learned from him, and what you
can also learn from this guy. His name is BNF and he is an individual stock
trader. I learned so much from him when I first started
to learn about investing and even now, there are a lot to learn from him still. Well, BNF started stock trading when he was
21 years old with a fund of about $14,000 and in 8 years, at the age of 29, he increased
the fund to more than 150 million dollars. And why I think he is the master of trading
is not just because he is good at tradings or not because he is smart. What is it? It’s about emptying the mind without any emotions
attached to his tradings. What I thought when I first saw him on one
of the TV shows in Japan was, for example, like when he was talking about how much he
earned on the month, he said he gained a million dollars on the month, but when he talks about
it, his face doesn’t move, no facial expressions. And when he talks how much he gained in the
past year, he said it was 100 million dollars, and when he talks about that too, he never
shows his feelings to it, I mean no facial expressions, but he said that with the same
tone of voice. And I still remember it gave me the most impact
and it was very sensational to me at the same time. Actually on the TV program, the interviewer
says for example when he looks at BNF’s trade volumes, he says “wow I cannot stand
with the pressure to deal with that much money” with some difficult, struggled face on it. Or when he realizes how much capital BNF has,
he goes “wow so you can live now without working for your entire life” with some
big smile on his face, things like that. You know the interviewer was so emotional
every time he sees how BNF is trading, because he was standing right next to BNF and watching
his trades, and the interviewer was very emotional. but in contrast BNF never shows his emotional
expressions, trading just like a machine or something, and that was a great great lesson
to me. Also, on a different talk show, BNF said that
he never withdraw money. He said he stays away from looking at the
actual cash because when he sees it, then the investment becomes hardship for him. And this is exactly what I feel too. For example, when you are winning trades and
look at the running profit of like $10,000, as soon as you start think what you can do
with that much money, that much profit, like you might imagine you can buy this or go there,
or like pay debts, and so on, as soon as you start to imagine like that, you never have
a chance to gain the amount of money you desire. So here is the lesson. When you are trading, you never stick to the
actual money. because when you stick to money and start
counting cash, then your emotion gets in, and you cannot be able to execute trades based
on an economic rationality. And that’s why the trading fund should be
with your spare money. For those who puts their money for living
into investment, they are the worst suitable for trading. Also, funny thing about the interview was,
when BNF shows no emotional expressions during the interview, the interviews said “are
you happy with this job?” in which he replied, oh yea.. Then on the studio side, there was an owner
of ramen show and he said the way BNF is living is unbelievable, not really in a good way,
I guess because he didn’t feel the passion from the way BNF trades. But I wanted to make it clear here. If you have been trading for some time already
and if you already start to question “is this what brings happiness?” if you start
to think like that, then you cannot be in this world for a long time. In other words, if you think your life becomes
great with full of emotions, and feelings by this job as a trader, then to be honest,
you shouldn’t become a trader. And that’s why, entrepreneurs, or business
owners, for example, do not always do good on investment because their main job is to
lead other employees or members in a group by taking about his dream and will with the
positive tone of voice, motivation, and passion, right? That’s usually what’s required to be a
leader. However, even if you put your value of life
in passion and emotions, that doesn’t always lead to be able to make profit overtime in
forex, well, most of the time, that’s what drags you from making profit. Also, if you value communication skills, social
skills, and sense of relationship to others, if you value it too much, then that also can
be what makes it difficult to make profit over time. For me, my nature is empty mind, like when
anything great happens, then that’s great but I am a type of person who don’t express
it too much. And I’m not too optimistic but not too pessimistic
either. I only invest and trade with neutral mindset
and that’s why I can do good on trades. And I learned that from BNF. In my forex group mentoring service, the goal
is to become like BNF, like he won’t be happy just by gaining money. And he won’t be sad just by losing trades
and losing money. But if you have a habit of converting the
profit or running profit to the materials or cash in a real world, then it actually
makes it difficult for you to win over time because your emotion is already getting into
trading. So you need to train yourself to switch your
mindset from being passionate to not being passionate, or from being emotional to not
being so emotional every time while 7trading. So let me tell you how I think once I put
the money into forex account. Once I put my money into forex account, I
think myself that next time I see the money again will be 10 years later. And if you can’t imagine like this, I mean,
if you cannot wait and expect how it turns after 10 years, if you cannot imagine like
that, then you might not be ready yet. You might be putting too much value on money
and your emotion is still attached to the fund. So in that case, you better change your mindset. Like when you put your money into a forex
account in your broker, just think you threw that money away and its’s gone. It never comes back to you. The reason why I say this is if you cannot
think you threw that money away, then you cannot cut loss rationally and objectively. So, think like from a moment you put the money
into your forex account, it’s gone, and never come back to you. And even if you win a couple of times, you
don’t be happy. The reason why I say this again and again
is, if you cannot understand this, no matter how much you study about technical analysis,
you never win overtime because of the psychological intervention. So you win but don’t get happy, you lose
but you don’t feel sad. Don’t put your mind into the value of money
itself, thinking like if I had this much money, I would be buying this, or doing that, things
like that, you know. Don’t put your mind into the value of money
while trading, and if you cannot do it, you are not ready yet psychologically. In other words, you better think it’s like
a cash in monopoly or other board games and this is going to be the very first step to
switch your mindset. And if you really get this, then you can do
all I explain in the videos, like placing positions where it should be, taking profit
where it should be, and also you can cut loss where it should be. So emotions, like feeling good, feeling bad,
or passion is what brings human kind to the next level, but it’s not the case when it
comes to trading and investing. Ichimoku Sanjin, the inventor of Ichimoku
Kinko Hyo, also states “alway trade just like you have no positions.” So even after you place positions, the winning
traders won’t attach their emotions to it. According to the scenarios, they just do what
they should do objectively and rationally every time they trade one after another. Alright, thank you for watching until the
end. If you thought this video gave some kind of
inspiration to you, then press a good button. And also make sure to subscribe as I keep
uploading videos and lives everyday. Alright, Stay gold, and have a great trading
life. Matane

13 Replies to “Keep this in mind to be a pro trader! A lesson from the most successful Japanese Trader BNF”

  1. Great lesson! BNF is famous in the west, too. Only we know very little about him. In fact, we know very little about Japanese trading community. You've opened a door and given us a glimpse of a new world. Thanks a lot! Keep up the good work!

  2. Kei, CAN YOU MAKE A BOOK ON BNF'S TRADING STYLE? HIS PSYCHOLOGY ? BASIC STRATEGIES, PATTERNS, RISK TO REWARD RATIOS ? TIME FRAMES. IN ENGLISH. YOU MAY INTERVIEW HIM AGAIN, AND ALSO TELL HIM TO WRITE A BOOK. HIS TYPICAL DAY, WHAT HE IS COMFORTABLE TRADING, OR UNCOMFORTABLE TRADING, HIS BREAD AND BUTTER, A WHOLE BOOK. ALL OR MOST OF HIS KNOWLEDGE. THANKS

  3. You say don’t be happy when you make money and done be sad when you loose money. So should we just focus on learning from each trade.

  4. I read a lot about BNF many years ago, and the thing with him is that, it's very difficult to emulate his style, because it's a psychological condition. You see, many traders trade to earn their income, some to get a high return on their capital, others because of the challenge of it. However, in the case of Takashi Kotegawa, he traded because he viewed it as a game. A game where he had to score a high score at. Therefore, he didn't have to deal with the emotion of loosing money, just the pressure of achieving a high score. Once he reach his objectives, he feels very empty and tries to achieve an even higher score. If you watch some of his older videos, you would usually see him walking the streets of Japan alone or taking breaks on the lake by himself, simply because to him it's just a game he plays with the sole purpose of achieving a high score, which will then lead to the assumption that he may seem antisocial, but that's far from the case. It's a mental condition many athletes have once they achieve greatness: They get a profound sense of boredom because the game is becoming too easy. There's been many cases of traders like this such as CIS, Jesse Livermore, Paul Rotter, etc. They don't trade to make money, they trade to get a high score.

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