Rong, man this story is a special one.
One of our first students and now a full-time trader and team member of Rake Trades.
Rong was on the first episode of the Rake's Take Podcast and we covered a ton:
- We shared a few stories from his childhood and his upbringing.
- Rong growing up in rural Ohio and working on farms, which instilled in him a strong work ethic.
- How Rong pursued welding and received 13 certifications, but saw his older coworkers looking miserable, which motivated him to explore trading.
- Prior experiences in the corporate world and his family's waste management business helped shape his desire for financial freedom and his pursuit of trading.
- His initial success with options trading during the COVID-19 market bottom, but then lost money consistently for the next 10-11 months.
- We dove into his approach to trading, which involves finding relative strengths or weaknesses in individual names and trading them on a day-to-day basis.
- How he uses a laddering system to build a cushion for trading and defines his initial risk by knowing where he'd stop out and how much he'd be risking if the stop were to hit.
- The importance of having a support system and a good relationship with parents in an untraditional career like trading.
- And much more!
https://youtu.be/IlyqotWpn4k
