On the Inkling Markets blog, Adam Siegel has an interview with the first “Million Inkle Trader,” trader “zakarria“.
Some samples:
You’re the #1 trader right now – do you brag about this to your friends?
Only the ones with Inkling accounts. Mostly just Char (Hi, Char!). Nobody else really cares, and I respect that.
Any inside trading strategies you’d like to share?
Well, first off I should admit that I’ve done my share of exploiting loopholes like markets that should have already been closed, but most of my earnings have been more dignified. When I started off, two things I learned quick were not to sell short and not to make long term investments. The details of how selling short works have changed a bit, so it might be a bit more plausible now, but when I started it could lock up all your assets pretty quick. The long term investment thing is just kind of obvious: when you don’t have much capital, it’s not a very interesting game to play if you put everything in a stock that won’t close out til summer of ’08 and leave it there.
And my favorite:
What is one feature Inkling doesn’t have you would like to see?
Hmmm…. A good exchange rate to US dollars? (Ha ha ha).
I have in on good authority that the current #2 trader on Inkling’s All Time leaderboard, a PhD economist, was humbled to be bested by a nursing student/former massage therapist in the race to become the first million-inkle-aire.
Fortunately, humility is a virtue traders should cultivate. Thank you zakarria.
