James Stankiewicz is a trader in Florida who started out trading in the dot com bull run and simply bought shares of IPOs and held them for the day. That didn't last of course, but he continued trading by using options and finding stocks that had reached exhaustion points and are ready to turn. James trades by "feel" so it's often tough to describe how he finds trading opportunities. But we talk about how he determines the strike price and expiration he wants to buy and how he manages each trade.

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Tim Bourquin is the co-Founder of the Online Trading Expo and the Forex Trading Expo, and CEO of TNC New Media, a tradeshow and online media company.  Register to attend the largest convention for foreign currency traders, the Forex Trading Expo, by clicking here.