I’m 18 and Make $15,000 a Week Day Trading

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 3 March 2025

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	Brought to you by the Every Dollar app. Start budgeting for free today.
0:06.0	So I'm in a bit of a unique spot. I'm 18 years old and I'm actually, I trade futures.
0:12.0	I'm a day trader and I've recently started making a pretty large amount of money and I just want help, you know, managing it correctly and making responsible
0:22.2	choices. When you say you've been making a lot of money, tell us real dollar amounts.
0:29.2	Well, I've been averaging about 15,000 a week for the past five months.
0:34.7	Okay.
0:34.9	This past week, I made 25,000. Wow. What did you start with. Okay. This past week, I made $25,000.
0:38.6	Wow.
0:39.3	What did you start with?
0:42.3	So how I actually trade is I'm a funded trader.
0:46.3	I'm actually treated as an individual contractor, and the firm provides me with capital
0:50.6	to trade with after they've evaluated me.
0:52.8	So really, I just paid for that evaluation
0:56.3	fee, which was only $150. So you're not investing your own money? No. How do you get paid?
1:04.2	So they take commissions off my trades and then they give me the rest. So what's the rest? What do you
1:10.0	get?
1:13.7	It's a 90-10 split.
1:14.8	I get 90%. Then they get 10.
1:16.1	Wow.
1:17.1	Listen, lucky-ducky.
1:18.6	Lucky-ducky.
1:19.4	And I say that on purpose because this,
	...

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