PRIVACY NOTICE | TERMS OF USE
Interested in being a guest on Entrepreneurs on Fire? Click here to learn more!

Entrepreneurs on Fire with John Lee Dumas

Daily business podcast interviews

« Previous |

How to Quit Your Job and Become a Full-Time Day Trader with Minimal Risk with Todd Rampe: An EOFire Classic from 2022

From the archive: This episode was originally recorded and published in 2022. Our interviews on Entrepreneurs On Fire are meant to be evergreen, and we do our best to confirm that all offers and URL’s in these archive episodes are still relevant.

Todd Rampe teaches Stock Options to newbies. His simple TSL method turns the table on the Market Reversal con-game professional traders use everyday to fool people, so you can profit.

Subscribe

Apple | Spotify | iHeart

Guest Resource

Wealth Builders Institute – Master trading in 60 days! (Sorry! This offer was active when this episode was first published in 2022. This offer is no longer available.)

3 Value Bombs

1. Do what you enjoy and find a unique way to stand out.

2. You don’t need experience to start and grow as a trader.

3. Keep trading simple, stay patient, and commit to the process.

Sponsors

HighLevel: The ultimate all-in-one platform for entrepreneurs, marketers, coaches, and agencies! Learn more at HighLevelFire.com!

Base44: An AI-powered platform that lets you build real, working software simply by describing what you want in your own words. Visit Base44.com/fire – new users now get 30% off the Builder plan for their first year!

Show Notes

**Click the time stamp to jump directly to that point in the episode.

Today’s Audio MASTERCLASS:  How to Quit Your Job and Become a Full-Time Day Trader with Minimal Risk with Todd Rampe 

[1:36] – Todd shares something he believes about becoming successful that most people disagree with.

  • He believes in doing something you like and figuring out how to do it uniquely.

[3:08] – Todd believes that almost anyone can become a confident, consistent trader who can identify 3-5 low-risk, high-probability trades daily, regardless of market condition.

  • You can make money by trading options if the market goes up or down.
  • Figure out a way to see the intentions of professional market traders before they take action.
    • Use the Triple Sync Logic Software
    • Learn the method in about 60 days and be self-sufficient.

[8:15] – What are professional traders’ sneaky tactics to fool the public and profit daily?

  • Market reversal is the tactic that professional traders use to profit daily.
  • It is done daily in every single stock that has their attention.
  • Stocks that have volume and volatility.
  • There are four different patterns that give you a heads-up.

[10:57] – How can you get started and grow a small trading account without an Ivy League education or Wall Street experience?

  • You do not need any experience to get started and grow a small trading account.
  • Keep it simple and learn it in a way that follows smart money.
  • To become a millionaire, hang around a millionaire.
    • Look at other people and learn how they do it.

[16:38] – How much time do you spend on an average day trading?

  • New York Stock Exchange is from 9:30 am to 4:30 pm.
  • 2-3 hours a day.
  • Morning is the best time. Avoid trading in the last hour.

[17:50] – A timeout to thank our sponsors.

  • Base44: An AI-powered platform that lets you build real, working software simply by describing what you want in your own words. Visit Base44.com/fire – new users now get 30% off the Builder plan for their first year!
  • HighLevel: The ultimate all-in-one platform for entrepreneurs, marketers, coaches, and agencies! Learn more at HighLevelFire.com!

[21:40] – Why do you believe that the most complicated trading strategies are a complete waste of time and effort?

  • Students get confused with overwhelming information.

[23:36] – What is the simple trading method you’ve used for 24+ years?

  • Todd used The Triple Sync Logic.
  • The indicators are identical on all three charts.
  • It follows a three-step method to see the oscillators in a green buy zone or red sell zone.
  • It has patterns that confirm that smart money is in play.

[26:20] – How can you rent stocks for less than 1% of the price of your shares, and what does it mean?

  • Know the importance of leverage.
  • 3 Types of trading:
    • Day trading
    • Swing trading
    • Buy and hold

[30:45] – Todd’s key takeaway and call to action.

  • If you are interested in becoming a full-time day trader, do not rush it and do not overcomplicate it. Just follow simple steps and commit to it.
  • Wealth Builders Institute – Master trading in 60 days! (Sorry! This offer was active when this episode was first published in 2022. This offer is no longer available.)

[32:20] – Thank you to our Sponsor!

  • HighLevel: The ultimate all-in-one platform for entrepreneurs, marketers, coaches, and agencies! Learn more at HighLevelFire.com!

Killer Resources!

1) The Common Path to Uncommon Success: JLD’s 1st traditionally published book! Over 3000 interviews with the world’s most successful Entrepreneurs compiled into a 17-step roadmap to financial freedom and fulfillment!

2) Free Podcast Course: Learn from JLD how to create and launch your podcast!

3) Podcasters’ Paradise: The #1 podcasting community in the world!

Subscribe

« Previous |