After working in marketing and sales in the biotech industry for about 12 years, in 2004 Alphonso Esposito decided to take some time off. He left his job and moved from the East Coast to Denver, where he met some friends who were trading at a proprietary day trading firm. He decided to give it a go. Esposito was attracted to the fact that he could set his own schedule and “there was nobody in my way of making as much money as I could, except myself.”
However, Esposito had no absolutely no trading experience. “I kept saying, I’ll get the education once I make the money,” he notes. He opened an account and started trading equities, and concedes he really had no strategy. His plan was to mimic the trades of a fellow trader in the room. “I had some wins and some losses,” Esposito notes. “After a year, I was frustrated and decided not to do it anymore.”
For the complete article, see the March 2012 issue of Active Trader magazine. Click here to subscribe.
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