4.8 • 3.6K Ratings
🗓️ 28 March 2025
⏱️ 6 minutes
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0:00.0 | This episode is brought to you by SmartVestor. |
0:07.9 | Connect with an investing pro near you at ramsysolutions.com slash smartvester. |
0:13.6 | All right, Jordan's up next in Philadelphia, Pennsylvania. |
0:17.3 | Jordan, how can we help today? |
0:19.1 | So I'm 26. |
0:23.7 | I have a house that's paid off. |
0:29.1 | Me and my fiance have minimal to no debt, probably the maximum we have. |
0:35.1 | I have around 1,100. She has around like $14,500 to $1,500 in debt. |
0:40.6 | I started trading options about five years ago, wasn't successful, |
0:46.7 | sort of sat down for the past two years, three years, researching, studying markets. |
0:52.6 | You guys are king of investing, so I wanted to get your advice on it. I started about four, five weeks ago with $660, and my account is now sitting |
0:58.8 | at $4,800, $200. So I don't know if I should continue with the strategy that I'm using |
1:08.6 | of trading options, or do I move to a different strategy? |
1:15.3 | Well, you've called the right show and the wrong show. You're not going to like what I |
1:18.7 | tell you to do and you probably won't do it. I would tell you to stop day trading immediately |
1:22.0 | and focus on long-term wealth building through your normal day job income. Do you have a normal day job? |
1:29.3 | Yeah, so that's actually what got me back into trading because I started this current position |
1:35.0 | on that. I work 412 a week, so it gives me two to three days to day trade. I'm currently making |
1:42.2 | 4235 an hour, I believe it is, or 32-40. |
1:47.4 | Okay. So you're making about 85 grand a year, if you're doing that 40 hours a week. |
1:51.3 | You said you're doing 48 hours a week, so it's probably a little more than that? |
1:54.4 | Correct, yeah. Okay. And what makes you go, I need more? |
... |
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