The News JunkieQ: Were you worried about things like time decay?
A: Yes. The time decay did kill me in the beginning. I hadn’t
really factored that in. It took me a couple of trades to realize what
time does and I found myself holding some options that ended up
being worthless, of course.
Q: Did you change anything in terms of your trading strategy
when you started trading options versus stocks or were you doing
them in tandem?
A: I tend to do both of them in tandem. One would hedge
the other. To be honest, I haven’t really traded very much in the
options market, probably only about a hundred times. So I don’t
have a lot of experience there, but I mostly use it for a hedge.
Eventually, though I sort of lost interest. I was doing well, but
I got more interested in my job and I said I’ll just throw some
money in the account every once in a while and play with it. I just
had too much going on. But then I found currencies. That’s when
everything changed for me. I realized that was my passion. I would
start trading and I couldn’t pull myself away from the computer. I
knew this was it.
Q: How long ago did you discover currencies?
A: It’s been about three years.
Q: How did you learn about currencies for the first time?
A: Quite honestly, I just did some research on the Internet. I
was curious about it. I traveled a little to Asia and Europe. So I
was aware of currency exchange. But I didn’t know how people
actually traded it. I did a lot of research online. I read a couple
books—basically taught myself. I couldn’t find anyone that knew
anything about currencies, quite honestly.