James Metcalf decided to get started in trading in 2002 while running a construction company. Several of his friends were active in the markets, and it seemed like trading might be up his alley.
“I have been a self-directed entrepreneur all my life,” he says. “I felt trading was something that suited my personality because it’s a fast-paced activity and results are based on my individual performance.”
His initial trading produced the usual mixed results.
“Like almost every beginner, you open an account and start to trade without proper education,” Metcalf says. “I was mostly a scalper — buy dips and sell rips — which did not provide the results I was expecting.”