Profiling Successful Japanese Trader: BNF

Introduction

• Mike Sir, active trader for 21 years and trader coach for 15 years.
• Video profiles top traders and teaches how to replicate their success.
• Focus on Japanese trader BNF, famous for making over $17 million in under 10 minutes.
• BNF turned $15,000 into over $150 million in 8 years.

The Famous Trade

• Mizuho Securities trader made a clerical error selling 610,000 shares at 1 yen instead of 1 share at 610,000 yen.
• BNF capitalized on the error and made a $17 million profit.
• This trade was only a small portion of his total profits.

BNF's Trading Approach

• Strategy:

  • Buys stocks that have fallen and are out of favor.
  • Uses technical analysis, not fundamentals, to determine entry points.
  • Swing trader holding stocks typically for 2-6 days.
  • Believes bear markets are easier to trade due to volatility.

• **Bear Market Trading: **

  • Bear market rallies present opportunities.
  • Example of S&P 500 (2007-2009) showing multiple short-term price surges.

Lessons from BNF's Mindset

1. Focus and Concentration

   • BNF is highly focused, monitoring 30-70 positions and 600-700 stocks.

2. View Trading as a Game

   • Treats trading like a zero-sum game.
   • Focuses on winning the game, not just making money.

3. Don’t Focus on Results

   • Prioritizes the trading process over results.
   • Focus on executing trades well, not the financial outcome.

4. Live a Modest Lifestyle

   • Despite a $150 million net worth, BNF lives modestly.
   • Avoids luxury to maintain clear trading decisions.

Reflection

• Consider how reaching financial goals would impact your trading mindset.

Conclusion

• Encouragement to like, subscribe, and visit Mike Sir’s website for more resources and mentorship opportunities.