'Beat the Street': BuyBuyBuy

On Monday, we were astounded that our leaders were over $500,000. On Thursday, our leader, Felix Diexia Wang, stands at $2.8 million. We naturally wanted to know how he did it. Here are his replies.

Can you tell me how you made $2 million in the last two trading days?

Well ... if you really want to know ;-), I used the full margin available to me every time I traded. In other words, 200% buying power. This allowed my returns to grow exponentially. I used this strategy with my investments in the short biotech boom. I also had a substantial investment in Vonage (VG Quote - Cramer on VG - Stock Picks) several days before the court decision announcing VG will be able to sign on new customers. The stock rose over 45% at one point.

What stocks have you traded most effectively and how?

Recently, many small biotech stocks are on a tear after reporting encouraging data in their clinical trials. I have been able to realize gains on both sides of the trade because of rampant speculation before and after the release of the results of the drug trial. Examples include BioDelivery (BDSI Quote - Cramer on BDSI - Stock Picks) and Avanir Pharmaceuticals(AVNR Quote - Cramer on AVNR - Stock Picks). (Click here to see Gregg Greenberg interview BDSI's CEO.)

What's your style of investing? Are you daytrading, or making longer-term picks?

Schoolwork and other activities have limited my time to do research on many securities. Thus, I focus only on a handful of stocks and use an all-in approach for this game. Leverage and carefully timed, well-informed investment decisions play big roles in generating a high absolute return. Short-term or long-term strategies do not matter much as long as one adapts to the market situation and is confident in his trades.

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