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Ready. Set. Go! Brace Yourself for this Journey! Part 1 | STR 025

I get short of breath just thinking about this interview. I promise I’m not exaggerating either, in fact, this was such a whirlwind of a journey that Chezz and I decided to divide it into two parts! Chat room member Patrick (“Paddy”) delves into all the nooks and crannies of his journey, and with such enthusiasm, it was easy to just sit back and listen with enjoyment. It took us a while to get him to agree to be interviewed, but wow… thank goodness he finally agreed! We’ve heard some crazy journeys already, but this journey has plenty of twists and turns to make your head spin. Brace yourself…

Notes:

• Paddy’s introduction to the market was his father’s reaction the 1987 stock market crash after he suffered a substantial loss.
• He began trading in 2005 puppet trading options via a trading educator he found multiple years prior.
• Throughout the next 9 years Paddy would find various ‘gurus’ to help find trade ideas. While he did find some success he gave back all his gains and more. That is when he realized he needed to get educated.

Quotes:

• “I never traded penny stocks. Every advertisement for penny stocks was a typical, skeevy, snake oil salesman approach.” tweet this quote
• “I have no concept of positions size so I’m making 30, 40,000 dollar trades because I had 4x margin.” tweet this quote
• “By the end of 2014 I went from 153k to 107k at eTrade. Almost half of what I lost was in commissions.” tweet this quote

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