Monday, August 24, 2009



sold BCRX sold and shorted TNA


BCRX

















TNA

3 comments:

CN said...

Just curious here, but how much capital did you start with when you first began trading? Did you have a career before deciding to start paper trading? I'd love to trade full time at some point, in the meantime I'm still working slowly to that 25k minimum.

Scott said...

I've always been an entrepreneur, from mowing lawns and shoveling driveways at age 9 so I could buy a motorcycle(saved $330 in 2 years) I've started many businesses, some worked some didn't. I sold my last successful business and so was able to put $250k towards trading.
Trading is the best business in the world - no employees, no inventory, no advertising, no leases and landlords, no machinery, no lawyers and unlimited profit potential.

CN said...

Ah ok, well kudos to you for being able to stay disciplined while paper trading even when having the opportunity to make money! I was going to ask earlier if you ever had to deal with smaller cap stocks in order to build a bigger capital base, but it seems you were lucky to be able to skip that step. 1-5 dollar stocks can be volatile, but no where near as some of the more expensive stocks. At least they aren't as frequently volatile.