I am a private investor who has found a trading niche in the Cannabis sector. Stock trading brings me back to my old days as a sales account manager. I love the feeling of closing a good deal, or picking a winning stock. What I write about is simply for entertainment purposes only. I am not a professional. I encourage every reader to do their own due diligence. "Never regard study as a duty but as an enviable opportunity to learn to know the liberating influence of beauty in the realm of the spirit for your own personal joy and to the profit of the community to which your later works belong." -- Albert Einstein
Mr. Hart has over twenty years of capital markets experience. Mr. Hart’s experience has centered upon small-cap technology companies with markets caps between $50mm - $1B. Mr. Hart previously led HCI investment strategies in direct placements (PIPEs, Registered Directs and Reverse Mergers) from the beginning of 2006 thru April 2011. For all of 2003 – 2005, Mr. Hart was with Siar Capital, a small-cap opportunistic family fund that appreciated assets from $50mm to $200mm in three years through performance and no additional provided capital. Highlighted investments at Siar Capital included the sale of PracticeWorks (PRWK) to Eastman Kodak (EK) for $400mm in cash and the restructuring of TurboChef Technologies (OVEN) at a $25mm valuation. OVEN had been awarded a market cap of $500mm+ in the subsequent years and was eventually sold to Middleby (MIDD) for $100mm in 2008. Previously, Mr. Hart worked as an Analyst and Business Development at Cross Border Exchange, SG Cowen, Commonwealth Associates and Balestra Capital. Mr. Hart received his MBA from New York University’s Stern School of Business, concentrating on Finance. He holds a BA from University of Michigan.
I am a private investor who has found a trading niche in the Cannabis sector.
Stock trading brings me back to my old days as a sales account manager.
I love the feeling of closing a good deal, or picking a winning stock.
What I write about is simply for entertainment purposes only.
I am not a professional. I encourage every reader to do their
own due diligence.
"Never regard study as a duty but as an enviable opportunity to learn to know the liberating influence of beauty in the realm of the spirit for your own personal joy and to the profit of the community to which your later works belong."
-- Albert Einstein
Recent graduate from Bulls on Wall Street and a full time day trader. I have been an investor in the stock market for over 20 years. It wasn't until Stocktwits and Twitter came out that I realized I was missing the boat in the market.
I was your typical Buy and hold kind of guy and I had some fantastic wins. However, I also had some mammoth losses with that strategy. I read hundreds of books, went to investment seminars, subscribed to the Wall street Journal. IBD, Barron's and countless other financial publications. I spent thousands of hours studying and reading about the macro economy and companies I wanted to invest in. I studied company financials, read every article about them, listened to conference calls, looked into management, checked out their product or service all in the hopes of investing in the next Apple, Microsoft, Walmart, early and becoming an overnight millionaire.
Then I started following day traders on Twitter and Stocktwits and I watched these traders make some pretty impressive profits holding a stock for literally 10 minutes or an hour. I actually watched one individual make an obscene amount of money in one stock both on the way up and then on the way down in about 4 hours. The kicker for me was when he concluded his trading in that stock he asked " Hey does anyone know what that company does?" I was floored!! They were in and out in one day and holding a cash position overnight. Not having to worry about waking up the following morning to some negative Press release about one of the companies they are invested in, or the overall macro economy that sends markets or your stock plunging.
It was then that I decided to educate myself and learn this craft to become a full time trader. Now I am blessed and living my dream of making a living doing what I love as a day trader and blogging about my journey. You know you have passion for your job when you are sad that its Friday and you can't wait till Monday.
Private Trader or "PT" (a pseudonym) is a contributor to Seeking Alpha who, at this time, values privacy as much as money therefore only Seeking Alpha editors have contact information for PT.
PT's first investment in the market was airline company "People's Express". Although the stock initially went up, ultimately the company was taken over by Frank Lorenzo (ie - Texas Air Corporation and Continental) and it's value plummeted. However, PT's interest in stocks grew. Even math seemed interesting when money was on the table. PT enjoys reading stock newsletters and Seeking Alpha in search of potential bargains.
PT enjoys trading, family, and friends (not always necessarily in that order!).
PT recommends readers review all author's past posts (including PT's) for their win / loss record. Also, especially when PT discusses stocks trading around $1, readers can check http://www.pumpsanddumps.com/ to see whether the stock is subject to any pump or dump scams. PT is not employed, paid, or in any way compensated by any of the stocks PT might discuss on SA except as an investor (and possibly as an SA contributor).
PT reminds everyone that these are not recommendations to buy, hold, or sell, and that your own due diligence is required.