Three Words Have Summarized this Traders Journey: Just Do It. | STR 016

Published: July 6, 2015, 5 p.m.

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: \u201cTrading to me was like another video game. Just to learn the ropes, click on all the buttons. That\u2019s how I learn. Just do it.\u201d "I never paper traded because it didn\u2019t feel real. The real emotions just wouldn\u2019t kick in.\u201d \u201cIf you guys have any debt, you should not trade. Pay off your debt first, pay off your credit cards, and then trade.\u201d \u201cMy stop loss was like a police officer right behind me telling me to pull over and I wanted to get away.\u201d