![]() Once a target is reached, I set retracement stops that will allow the profits to grow without great risk. My targets are based on risk-to-reward ratios. I will cut a loser in the first day of trading and can take a profit in as little as a week if it hits my target. I can hold a position as long as a year or as short as one day. How long do you typically hold stocks?Ĭhris: I consider myself an intermediate term trader. StockTickr: Describe your style of trading. It took me almost four years to learn the lesson because the late 1990’s masked my earlier mistakes. EXTR helped me learn this lesson quickly. No one will learn this lesson until a blowup happens and a lot of money is lost. StockTickr: What single lesson did you learn along the way that has helped you the most in your trading?Ĭhris: Cutting losses short is the biggest lesson any trader can learn. To make matters worse, I had money from both my mother and sister in the account. Without getting into details, I learned the biggest lesson of my life and sold just above $15 per share. The stock quickly ran towards $70 and I loved every minute of it. I placed an enormous amount of money into the stock in my senior year (about 80% of my account at the time) around $55. It moved from $50 to $100 on several occasions and I thought I was invincible. What’s yours?Ĭhris: My worst horror story was trading Extreme Networks. StockTickr: Most traders have a horror story about losing their shirt when they first started trading. I started college when the 1990’s market was starting to really boom and I benefited greatly over the first couple of years – it was all luck, pure luck. I started tracking stocks when I was a teenager but didn’t become “obsessed†until college. I still trend trade heavily based on his 200-day moving average plays. I first gained an interest in trading from my father who owned restaurants and traded heavily in the 1970’s and 1980’s. StockTickr: How did you get started trading stocks?Ĭhris: I open my first brokerage account as a sophomore in college and have not stopped trading since. I also enjoy traveling, attending professional baseball and football games and dining at great restaurants. It drives my wife nuts but I like to compete in most things I do so sports, poker and the market feed that craving. StockTickr: What do you like to do outside of trading?Ĭhris: My hobbies include poker on a competitive level, a men’s flag football league in the fall and a softball league in the spring. My foundation is rooted in CANSLIM philosophies but I developed my system with detailed position sizing calculations and money management rules from Dr. Understand that this 10% loss is calculated into a position sizing spreadsheet that only risks a maximum of 1% of total capital. I am a trend trader looking for gains of 25% or more and losses no larger than 10% (preferably smaller). I currently consult for a fortune 500 big builder as an architect (listed on the NYSE) and trend trade for capital appreciation. I even signed up and took the trips to the exchanges each year through my university’s business school. It wasn’t until I was about to graduate that I knew I wanted to work on Wall Street and trade the markets professionally (rather than personally). I started as an intern with the firm while still in college and worked on several high end projects around the corner from Wall Street. I graduated college with a degree in Architectural Engineering and went to work for a historic preservation firm in Manhattan. I currently reside in New Jersey with my wife but was born and raised in NY (still my favorite place). ![]() StockTickr: Tell us a little about yourself, Chris.Ĭhris: My name is Chris Perruna and I am 29 years old. Submit your questions in the comments and I’ll see if Chris can answer them. Read on for more about how Chris trades, more about his background, and how he lost a bundle back in the bubble days. Chris has written an impressive array of articles on trading and related subjects (like poker). Since then, I’ve seen links to his posts on his blog from various places ( TraderMike, Charles Kirk, others). Someone recommended that I interview Chris for this series a few months ago and I really didn’t know who he was at that time. For the next interview in the StockTickr Interview Series ( RSS feed), I interviewed Chris Perruna of Market Stock Watch.
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