Millionaire TradersQ: What was going through your head? What made you say, “I’m
going to pull the trigger and go trade stocks on the screen”?
A:Ihad$85,000. The reason I decided to trade for myself was
because I had all these stupid rules that I couldn’t basically do all
this stuff for my clients and trade the stocks for myself.
Q: Did you have a 30-day holding rule? Some brokers won’t let
you trade in and out of a position for shorter than 30 days.
A: Yes, it was crazy. I mean I was being audited by the compliance
officer every other day for the stuff I was doing. All of it was legal.
But there were so many rules and so many sheets, that I had to
sign. I said enough of this. I figured I could do it on my own.
Q: Were you married at the time?
A: Nope. I was not married at the time.
Q: So no responsibilities. You had money. You had capital. How
much time did you give yourself to be a success? Six months? Three
months?
A: You know I didn’t really put a time on it. I just kind of went
with it. Just took the risk. I figured I didn’t have any kids. I wasn’t
married. I had a house, but that was about it.
Q: What was your first experience? Which kind of a shop did
you go with?
A: I called over a phone line using E∗TRADE.