Better Know A Trader: Chad Sersen

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If you were starting out in your career now, where would you want to work?
In an entry level job at a hedge fund.
What is your favorite career accomplishment/best trade ever?
My best trade ever was in 2003 I bought 60,000 shares of IVAN at .85 and sold between $3.50 and $4.00
Who are your heroes or role models, fictional or real?
That’s a tough one, can’t really think of anyone off the top of my head.
What is the most important quality a trader should have?
Patience.
What is the worst character fault for a trader?
Aggression.
Tell us about the lowest of low points, the time you thought should just give it all up and take
a simpler, easier job?

From the end of 2004 to the beginning of 2005 I couldn't put together a winning streak and the bills
kept piling up. I was taking loans out just to pay the bills...eventually I got ahead.
What job would you have taken? What's your 'exit strategy'—how long until you retire or move on?
An entry level hedge fund position. If trading fails I'll sell my house and move out west and be
a lift operator at a ski slope...no stress.
What is your motto?
Keep hitting singles and doubles and only go for a homerun when you LOVE your entry.
Whose teachings are most useful in your business—Machiavelli, Sun Tzu, Jesus Christ or Marquis
de Sade?

Sometimes when I loose a lot of cash trading I honestly think, "I must've killed Jesus Christ in a
past life."
(If you missed the last installment, featuring Jeb Molony, click here. And if you think you’d make a good subject, or want to nominate someone else, please email us at tips (at) dealbreaker (dot) com--subject line: “Better Know A Trader”).

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