Millionaire TradersQ: So how long were you doing that for?
A: I started that in about 2000, that was when I really started
trading. I did a little bit of options trading as well. Similar strategies,
though.
Q: In the beginning was it all about fundamental analysis? Did
you ever look at price charts?
A: In the beginning it was all fundamental. I didn’t really know
anything about technicals. I hadn’t gotten that far along.
Q: How much did you start with?
A: Probably$5,000 to$10,000 in that range.
Q: Was this your savings or money that you borrowed?
A: It was actually savings. But it was my first time trading. So
obviously any little hit hurt. Now that I’m more experienced, I
realize I probably shouldn’t have been trading that money.
Q: In the beginning when you first traded stocks, you did well.
Did that streak continue?
A: Actually, I feel like I got extremely lucky in the beginning.
That was probably a curse because it hooked me into the markets.
I was up 10 or 20 percent in a few days and I thought, “I’m meant
to be in this market.” Within a year though, I blew up the account
because I just traded too fast, too hard in the beginning.
Q: After a few months you were overtrading?
A: Right. I was trading too often, that was my problem.