THE ONE RED PAPERCLIP TRADE

The story of the One Red Paperclip trade is a true story about Kyle MacDonald, a Canadian man who started with a single red paperclip and, through a series of trades, eventually acquired a house.

Kyle MacDonald's Trade Journey:

1. On July 14, 2005, Kyle posted an ad on Craigslist to trade a red paperclip.
2. First trade: He exchanged the paperclip for a fish-shaped pen.
3. Then, he traded the pen for a ceramic doorknob.
4. The doorknob was traded for a camping stove.
5. The camping stove was exchanged for a generator.
6. The generator was swapped for a neon beer sign.
7. The beer sign was traded for a snowmobile.
8. The snowmobile was exchanged for a trip to British Columbia.
9. The trip was traded for a truck.
10. The truck was swapped for a recording contract.
11. The recording contract was exchanged for a year of free rent.
12. The free rent was traded for an afternoon with rock star Alice Cooper.
13. The meeting with Alice Cooper was exchanged for a KISS snow globe.
14. The snow globe was swapped for a role in a movie.
15. The movie role was traded for a house in Kipling, Saskatchewan, Canada.

In just one year (July 14, 2005 - July 12, 2006), Kyle MacDonald successfully turned a seemingly worthless red paperclip into a real house. His story became an inspiration to many, showcasing creativity, patience, and strategic thinking in trading.

He later wrote a book about his journey titled "One Red Paperclip" and became a motivational speaker.

What do you think about this trade strategy? 😊