Monday, August 24, 2009



sold BCRX sold and shorted TNA


BCRX

















TNA
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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.

1:03 p.m.
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.

5:22 p.m.
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.

5:56 p.m.

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