'Beat the Street': BuyBuyBuy

Our leader has taken off like a rocket ship, and is up to $2.8 million.
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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) - Get Report

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) - Get Report

and

Avanir Pharmaceuticals

(AVNR)

. (

Click here

to see Gregg Greenberg interview BDSI's CEO.)

What's your style of investing? Are you daytrading, or makinglonger-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.

Do you primarily trade on the long or short side? Any stocks thathave been particularly good from both sides?

I trade about 60% long and 40% short. Trading a stock on both sides is very tricky and risky. It is difficult to say when to use this tactic.

How do you research your picks? Do you primarily use fundamental ortechnical analysis?

I believe a combination of fundamental and technical analysis (sources include Thomson Financial, Bloomberg, and Yahoo! Finance) is necessary homework for a trader. I look at all the price ratios, volatility measures and historical trends of a particular stock. In addition, revenue and earnings growth as well as changes in free cash flow are important indicators of a company's potential.

As for other sources,

TheStreet.com

,

MarketWatch

,

The Wall Street Journal

, and

Barron's

are all valuable resources.

If you win, what will you do with the $100,000?

1. Pay my college tuition.

2. Start paying off debt to my parents.

3. Buy a Jim Cramer "Boo-yah" bobblehead.

Have you given any thought to what you'll look to learn from Jim ifyou go on air together? Any stocks you'd like his take on for "real"investing?

I want to learn about his success in managing his hedge fund. I also want to learn about his experience at

Goldman Sachs'

(GS) - Get Report

sales and trading division. Finally, any advice for an aspiring portfolio manager would be wonderful.

How long have you been investing? And what's the best investingadvice you've ever received? The worst?

I have been investing for eight years.

Best advice: Think before do.

Worst: Do before think.