How does he deal with the frustration and self-doubt that come with continuous losses?

Okay, let's talk about this topic. Sustained losses – it's something even the "Stock God" encounters, not just ordinary people. The key is how to get through it. For a master like Takashi Oshikiri (BNF), his approach is actually far more "understated" and "dull" than we might imagine, yet incredibly effective.

Talking About How the "Japanese Stock God" BNF Views Losing Money, This "Small Thing"

Hey, you've hit the nail on the head. This is the "inner demon" for all traders, and even anyone making high-risk decisions. The frustration and self-doubt brought on by consecutive losses can completely shatter a person's mentality. The reason BNF is BNF is because he has built a powerful "psychological firewall." We can understand his methods in several key ways:

1. Treat Yourself Like a Machine, Not a Gambler

This is the core principle.

When most people lose money, their thoughts turn to: "How much did I lose!", "It's over, recouping will be hard now," "Am I an idiot?". These are emotional thoughts that lead to worse decisions, like desperately trying to break even, or making heavy, reckless bets.

But BNF is different. He strives to detach "emotion" from his trading. He operates more like a robot executing a program.

Focuses on "Patterns," not "Money": He sees candlestick charts, trading volume, moving average divergences. His trades are based on "patterns" he has observed and summarized over time. When a trade loses, his first reaction is more likely: "This pattern failed this time," rather than "I lost money, this hurts."
Repetition, Massive Amounts of Repetition: His daily life is eating, sleeping, watching the markets. This extremely regimented and monotonous life is itself a form of training. Through thousands upon thousands of trades, profits and losses become "routine," as natural as breathing. The emotional impact of any single loss or win becomes much smaller.

Think of a professional basketball player shooting a thousand shots a day. Do they pay attention to the twenty or thirty they missed? No. They focus on their overall field goal percentage for the day and whether their shooting form was off. BNF has the same mindset.

2. "Run When You Can't Win" – And Run Faster Than Anyone

Many have the misconception that a master should tough it out, turning defeat into victory. Quite the opposite, BNF's most powerful skill is his ability to "give up."

Actively Stop Trading: When he realizes the market environment has changed and his signature scalping method starts failing repeatedly, what does he do? Not double down. Not pray for the market to return. But stop trading outright. He will stay out of the market for an extended period – weeks, even months.
Acknowledge the Strategy's Limitations: He understands that no single strategy works forever. The market is alive; strategies are static. When the strategy doesn't fit the market, self-doubt is useless; doubting the strategy itself is useful. Stopping serves both to cut losses and to give himself time to observe and learn the new market rhythm.

It's like a fisherman relying on the bounty of the sea. If he finds there are no fish in his usual area, he won't stubbornly stay there casting nets. He'll stop fishing or explore new grounds. Toughing it out would only risk losing his boat and nets too.

3. Post-Mortem is About "Finding Problems," Not "Finding Fault"

After consecutive losses, we all talk about reviewing trades (post-mortem) but many people actually spend that time "finding fault" with themselves, engaging in self-attack.

A Failed Post-Mortem: "Am I stupid? Why did I buy here?", "I'm worthless, lost again!"
BNF-Style Post-Mortem: "This trade lost money. What was the cause? Was the entry timing wrong? Was there unexpected news? Were my stop-loss levels appropriate? Has the success rate of this pattern declined given the current market volatility?"

See the difference? The first attacks the "self," it's pure emotional venting. The second analyzes the "trade" itself, it's objective technical analysis. Like a scientist examining a failed experiment, he calmly analyzes the sample specimen and adjusts parameters, rather than crying in the lab about being unfit to be a scientist.

4. A Minimalist Life, Isolating "Noise"

This point is often mentioned too. Even after amassing a fortune worth billions, BNF lives an extremely simple life: a modest apartment, instant noodles. This isn't just frugality; it's an active form of "noise reduction."

Lower Needs, Reduce Pressure: If your lifestyle is extravagant – constantly thinking about luxury cars and watches – the pressure from losses intensifies because it directly threatens your standard of living. BNF's living costs are minimal, so he has no external "you must win" pressure.
Maximize Focus: A simple life allows him to channel almost all his energy into just one thing: "trading." Minimal social life, minimal entertainment – fewer sources of emotional disturbance. When your world consists largely of candlestick charts, you naturally see deeper and more purely than others.

To Summarize: What Can Ordinary People Learn?

Most of us can't live exactly like him, but his core principles can be adapted:

Establish Rules and Believe in Them: Don't trade on feelings. Have your own set of rules. When losing, first check if you deviated from the rules, don't default to doubting yourself.
Stop When it Feels Wrong: When losses pile up and your mindset is shaken, the best move is "sell out, turn off the computer, walk away." Go for a walk, watch a movie, do something else. Give your emotions time to cool.
Keep Objective Records and Perform Post-Mortems: Keeping a trading journal is great. After a loss, don't just suffer – write it down: Why did you buy? What was your reasoning? How did the market move after the loss? What would you do next time a similar situation arises?
Treat Losses as the Cost of Doing Business: Business always has costs – rent for a shop, losses for trading. Viewing small, controlled losses as the necessary "entry fee" to catch the next big opportunity makes it much easier on the mind.

At the end of the day, he's human. It's just that through extreme discipline, he has ejected "emotion," the biggest enemy, from the trading table. This, for us ordinary people, is the biggest takeaway.