Podcast Summary: "OVERTRADING Is A Guarantee You’ll Stay BROKE"

Podcast: Earn Your Leisure (iHeartPodcasts)
Hosts: Rashad Bilal & Troy Millings
Date: April 5, 2026

Episode Overview

This episode focuses on the dangers of overtrading in volatile markets and why a disciplined, long-term approach is essential to financial success. The hosts and their guest trading expert dive into why making frequent trades—especially in response to market fear and volatility—almost guarantees losses, and how patience, planning, and buying time can set investors apart. They share strategies for navigating uncertain markets, discuss the psychology behind impulsive trades, and provide actionable tips for both new and experienced traders.

Key Discussion Points & Insights

1. The Perils of Overtrading

• Discipline Over Urgency:
  The trading expert opens with a strong caution against ramping up trading activity when markets get volatile.
  • Quote:

    “Just because there is a precipitous incline in volatility and information, don't deviate from your 12 trades per year. Like if you're trading futures, if you get 12 good trades, you should hit a thousand to 3,000% return.”
    — Trading Expert (03:13)

• Common Pitfalls:
  Many traders, after a win, immediately jump in to chase more profits or recoup past losses, often giving gains back or blowing their accounts.

  “Some of you are taking one great, great trade...and now you're giving all your gains away or even worse, blowing your account.”
  — Trading Expert (03:33)

2. Long-Term Perspective: TIME is the Best Asset

• Less is More:
  The most profitable traders are those who hold their trades for longer periods, even during turbulent times.

  “The people who've made the most money are the ones who held their trades for the longest. Less is more.”
  — Trading Expert (03:56)

• Buying Time in Trades:
  Whether trading options, equities, or indexes, purchasing more time (choosing longer expirations) increases the likelihood of success.

  “If you're trading options...buy time, buy time. It will always work in your favor from a long-term perspective...”
  — Financial Analyst (05:20)

3. The Value of Having a Plan

• Preparation Over Reaction:
  Volatility makes sticking to a plan (including defined stop losses and profit targets) even more crucial; not doing so can quickly erode accounts.

  “When you start to see your account go in a different direction…this is why having that plan before you enter any position is important.”
  — Financial Analyst (05:20)

4. Navigating Market “Noise” and Manipulation

• No Need to Force Trades:
  The urge to trade during every market move—especially in response to market news—is rarely productive; often, it’s better to sit on the sidelines.

  “If it's not there, go to the London. If it's not there, go to the American close. But some of you are wasting great volatile situations burning through your account, not being disciplined.”
  — Trading Expert (06:11)

• Media and Influencer Manipulation:
  Public market statements—especially from influential figures like Bill Ackman—are often more about their benefit than yours.

  “Whenever Bill Ackman comes out and starts to front run the news and tries to act like Wall Street Jesus. We may see a turnaround soon, but that's usually not for the public's benefit.”
  — Trading Expert (07:54)

5. Importance of Independent Thinking and Research

• Stay Skeptical; Do Your Homework:
  Listeners are urged to always do their own analysis and seek professional guidance before making trades.

  “It's very important to do your own analysis...You should take independent financial advice from a professional...build knowledge, build our community, build the brokerage account.”
  — Financial Analyst (08:58)

Notable Quotes & Memorable Moments

• On Overtrading:

  “If you lose, you deserve to be broke.”
  — Trading Expert (04:16)

• On Buying Time:

  “Buy time, buy time. It will always work in your favor from a long-term perspective and even from a leap perspective as well.”
  — Financial Analyst (05:20)

• On Media Manipulation:

  “At every turn we're seeing manipulation of the highest order. Look at your monthly timeframe, your weekly, daily, allegedly. And if they are not all in alignment, now is not the time to buy.”
  — Trading Expert (08:27)

• On the Uncertainty of Volatile Markets:

  “It feels more like escalation is where we're headed. But then you'll hear reports today saying, hey, we're pretty close to a deal. And then by 9:45, the other side will say, we've never even spoken to them. There is no deal.”
  — Financial Analyst (07:30)

Key Timestamps

• 03:07 – Trading tip of the week: Overtrading in volatile markets and the 12 trades rule
• 04:41 – Why time is the greatest asset for traders and investors
• 05:20 – The strategy of “buying time” in options and equities
• 06:05 – The impact of Sunday night market moves and why patience is key
• 07:53 – How media figures can manipulate markets and the importance of not following headlines blindly
• 08:58 – Importance of independent research and professional advice

Final Takeaways

• Resist the urge to overtrade, even during extreme market volatility; stick to a disciplined, planned approach.
• “Buy time”—opt for longer trade durations and give your moves the chance to succeed.
• Do not react to every piece of news or follow influential market personalities without considering your own needs and analysis.
• Have a plan. Risk management, stop losses, and profit targets are critical, especially when markets are unpredictable.
• Build knowledge and stay patient—lasting wealth is created by those who can endure uncertainty and act thoughtfully.