Trading Advice: Should You Trade Or Not? - Coffee With Markus - Episode 185

Trading Advice: Should You Trade Or Not? | Coffee With Markus | Episode 185

Intro: 0:00
What’s Happening In The Markets: 1:22
Should He Stop Trading?: 3:56
My Current Trades? 25:25
Ask Me Anything: 37:56

I received a message from a 20-year old college kid:

"I need some trading advice:
So my parents just found out about my trading account and said to stop playing with money! But I don't wanna listen to them as I believe this could be the beginning of something really big!
They said you have to be really smart to be successful and I should focus on college. I'm currently 20 years old."

Soooo..... should he pursue his dreams of trading? Or should he listen to his parents and quit trading?

What trading advice would YOU give him?
Watch this video and see MY reaction and what I'm telling him.

Recommended Links & Videos:

#StockMarket #TradingOptions #OptionsTrading
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[rockwelltradingservices]

So, Jason, I hoped this video helped you out, and I also hope it helped anybody else out who is just starting out who is starting out their trading careers. Always have a plan! If you have any other questions, ask them in the comments, and check out these other videos and playlists. See you at the next Coffee With Markus!

Recommended Links & Videos:

[jansmeets]

This is in my eyes perfect advice as a parent. Very realistic balanced in considering relevant options in securing the very important stability needed in life for a young person enabling to get the best results for all area's while keeping still all options open for future developments.

[stephenmayo]

Total Spot on advice! Respect your parent’s money, and responsibly trade your own hard earned money, which is your real skin in the game, but BEWARE and always respect leverage as a beginner.

[johndlugosz]

Don’t go college, I did and it wasn’t worth it. Keep trading !

[Hkolberg]

What underlyings is Jason using for the wheel. I have a small account, and there arent many cheap underlyings i can find

[OA-B]

Depends on your starting amount for trading. If a basic job returns more than 20% of your total assets value, you are better off working.

[j.wilkerson]

I have taught my 18 and 21 year old college students how to follow Rockwell Wheel/PXO, and they are thinking, "why do I need to go to college" 😂.

[craigchambers]

Yep, still holding my Ride and have a Put in case it falls a bit more and I will then (helicopter idea) halve my average as I think this year RIDE will come back up to give me profit.

[Christina]

I agree that the 20 yr old should focus on a career that can pay him more money. Ideally something that can pay 6 figures. And use trading as a side hustle for a few years until he has built up a large enough account and experience to just do that as income.
Or if he hates college then get a job in sales. Ideally real estate or mortgage.

[whatwouldgdonowgvkpierce]

I would leave the money in, but not use it because of the PDT rule, good luck