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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! __________________________________________ SUBSCRIBE NOW! Like this video, comment below who you’d like to see next, and turn on notifications to never miss a new video, as we post new episodes weekly! __________________________________________ Free Telegram Community! 👉🏽 https://t.me/pocketsofrizdom __________________________________________ TradeZella: Use Code “RIZ10” for 10% off your subscription or Code “WOR” for 20% off your yearly subscription 👉 https://bit.ly/TradeZellaWOR Alpha Capital: Use Code "RIZ25" for 25% OFF ALL Challenges 👉 https://bit.ly/AlphaCapitalWOR Alpha Futures: Use Code "RIZ" for 20% OFF ALL Challenges 👉 https://bit.ly/AlphaFuturesWOR __________________________________________ Disclaimer: The content on Words of Rizdom is for informational and educational purposes only. We are not personally affiliated with any of the guests featured in our episodes. Our role is solely to interview them and share their insights, experiences, and expertise. The views expressed by our guests are their own and do not necessarily reflect the opinions or endorsements of Words of Rizdom. Always carry out your own research and seek professional advice before making decisions based on the content shared. __________________________________________ Usman's Instagram: / usman.ashraff Usman's Twitter: https://x.com/usmanashraff Riz’s Instagram: / wordsofrizdom Riz’s Twitter: / wordsof_rizdom 🔴 Free Telegram Community! 👉🏽 https://t.me/pocketsofrizdom I hope you all enjoy this episode, let me know who you'd like to see on the podcast. 🙏🏽 SUBSCRIBE BELOW! Turn your notification bell on so you can be notified when videos like this get dropped. Drop a like on the video to help this channel grow. 💪🏽 Feel free to get in touch with the details below. Where to find me: https://linktr.ee/wordsofrizdom Twitter: @Wordsof_Rizdom - / wordsof_rizdom Instagram: @wordsofrizdom - / wordsofrizdom Email: [email protected] 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