When you decide to get into world of trading, it’s important to take your time and go through the necessary steps; however, at the end of the day, you need to just do it! That’s the attitude of our guest today, Pendar, and we’ll learn how this attitude has both helped and hindered him in his journey. This is certainly a great outlook to have, but it can get you into trouble if it is not focused on the right paths as you will see. Sit back and enjoy the interview as we learn about the pros and cons of “just doing it.”
Notes:
Pendar was driving under the Chicago Mercantile Exchange when the thought occurred to him that trading might be of interest to him.
He jumped in headfirst and invested in his education. He got his feet wet right away and traded penny stocks before trying to trade options.
Pendar employs various options strategies while utilizing the charts and the quantitative data to put all the factors in his favor for his trades.
Quotes:
“Trading to me was like another video game. Just to learn the ropes, click on all the buttons. That’s how I learn. Just do it.”
“I never paper traded because it didn’t feel real. The real emotions just wouldn’t kick in.”
“If you guys have any debt, you should not trade. Pay off your debt first, pay off your credit cards, and then trade.”
“My stop loss was like a police officer right behind me telling me to pull over and I wanted to get away.”
1 Hour Trader Transformation
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