Usman Ashraf: Uber Driver Turned Millionaire Trader 🚀

In this episode of the Words of Rizdom Podcast we are joined by Usman Ashraf. Usman is an elite trader that has made millions trading options. Having transitioned from med school, he spent years refining his strategy and managed to become consistently profitable achieving six figures months on a regular basis. The biggest trade he's ever closed was over $380,000 in profit on Amazon! In this podcast we discuss building confidence, real estate, the importance of financial foundations and so much more! I hope you guys enjoy the episode!

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Disclaimer:
The content on Words of Rizdom is for informational and educational purposes only and should not be considered financial, investment or trading advice. I am not a licensed financial advisor, and the strategies, opinions, and commentary shared are based on personal experience of the respective guests. We are not personally affiliated with any of the guests featured in our episodes. The views expressed by our guests are their own and do not necessarily reflect the opinions or endorsements of Words of Rizdom.

Trading and Investing involves risk, and you should always do your own research or consult with a qualified financial professional before making any investment decisions. You are solely responsible for your financial decisions. This channel and its creator are not liable for any loss or damage arising from the use of information presented in videos.
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Usman's Instagram: https://www.instagram.com/usman.ashraff/

Usman's Twitter: https://x.com/usmanashraff

Riz’s Instagram: https://instagram.com/wordsofrizdom

Riz’s Twitter: https://twitter.com/wordsof_rizdom

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Timestamps:
00:00:00 - Intro
00:04:23 - The Decision to Leave Med School and Start Trading
00:08:37 - Struggling with Career Choices
00:12:34 - How Driving Uber Helped with Trading Skills
00:16:54 - The Turning Point in My Trading Career
00:20:52 - Adapting to Changing Market Conditions
00:24:57 - Adjusting to Changing Market Conditions
00:29:23 - Scaling Up and Increasing Risk
00:33:44 - The Importance of Discipline in Trading
00:37:45 - The Importance of Back Testing and Psychology in Trading
00:41:42 - Trading Psychology and Setting a Foundation
00:45:55 - Stock Selection and Trading Strategy
00:50:08 - Strategy Hopping and the Need for Patience in Trading
00:53:56 - The Importance of Time and Learning Basics in Trading
00:57:42 - Comparing Yourself to Others and Managing Expectations
01:01:31 - The Challenge of Trading and Ego
01:05:47 - The Challenge of Trading and Family Responsibilities
01:09:43 - The Importance of Managing Expenses
01:13:52 - Big wins and losses in trading
01:18:25 - Overcoming Loss of Confidence in Trading
01:22:25 - Outro


DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only

#trading #forextrading #optionstrading #daytrading