OVERTRADING Is A Guarantee You’ll Stay BROKE

Summary

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

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

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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.

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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)

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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)

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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

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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.

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Transcript

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[Earnest]

Guaranteed Human hey Earnest, what's up? One thing we always say on this show is you've got to be intentional with your money, because it's not just

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[Financial Analyst]

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[Financial Analyst]

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[Earnest]

What's the trading tip of the week?

[Trading Expert]

I was having a great conversation today and I know there's a lot of fear in the market. But just because there's more volatility in the market doesn't mean it's time to take more trades. Like some of you are having arguments with your business partners, your husbands, boyfriends, girlfriends, wives before you're trading. 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 has considerable risk. Please consult your advisor, consult your broker statements, etc. Right. But some of you are taking one great, great trade. Winning and then saying oh let me do this three more times to make up for the misses I had before and now you're giving all your gains away or even worse, blowing your account. So just because we have more volatility, it does not mean to take more trades. Less is more. I know it's a thing you don't want to hear, but for those of you who have taken 30 to 40 trades in the month, did it work for you in your favor? Even though we having these issues week to week, we've been 30 days into the war. The people who've made the most money are the ones who held their traits for the longest. Less is more. Just because there's more volatility, don't trade more. You can do whatever you want, but if you lose, you deserve to be broke. Back to you.

[Financial Analyst]

You definitely deserve to be broke. It's interesting because fits in that, that same realm of over trading I think especially for us when we talk about long term trading. Yeah. I would say that the best, the best asset is time.

[Trading Expert]

Absolutely.

[Financial Analyst]

If you're trading options, you're buying equities or indexes, ETFs. Bye. Time by time. I know and I got a few texts about it like man, my account is hurt. It's hurt, it's hurt. I'm like this is week five of, of a war.

[Trading Expert]

Yeah, you're going out a week and a half or two Weeks, if you went out a year, you would be fine.

[Financial Analyst]

So, so buy time, it's important. And then when you start to see your account go in a different direction, right? This is why having that plan before you, you, you enter any position is important. Having that stop loss is important. Understanding, like there's going to be pullbacks, understanding, hey, where am I taking my profits at? All those things are important and they become even more important when there's volatility. But like I said last week, if you can find clarity in this uncertainty, there's going to be some opportunities for you to make money if you have a long term vision, which is why buying time is vitally important. So my thing would just be buy time by time. It will always work in your favor from a long term perspective and even from a leap perspective as well.

[Trading Expert]

The Sunday market jump has been a relatively new thing for most traders. The move is not always going to present itself. I remember maybe even eight years ago, I was looking natural gas on Sunday evening and you kind of want to force a move. If it's not there, go to the London. If it's not there, go to the American clothes. But some of you are wasting great volatile situations burning through your account, not being disciplined. Like somebody today was like, oh, I went long. Why did I get chopped? I'm like, what news is positive for you to go long?

[Financial Analyst]

It's, it's tricky because I understand it and I've had this question as well. When, again, when you're watching Sunday night and you start to see the, the futures market for the Dow, the NASDAQ and S and P, even last night it was like negative. And then you wake up and it's positive and The Dow's up 300 points on news that there might be an end to it. And I feel like we've been recycling the same thing for the past four weeks. Sunday night it's, oh, we're close, we're going to do this. And by the time the market opens, it's a complete reversal because at this point, yeah, it's the taco effect, right. Like we've heard it, but the sustainability of it now, it's worn off. It's like it's either we're going to escalate or we're going to end. And I'm not sure which one's going to happen.

[Earnest]

Right.

[Financial Analyst]

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

[Trading Expert]

Yeah.

[Financial Analyst]

You know, so it's, it's very confusing. And I understand people's appetite. They're like, wait, I don't even know what to do. Sit on the side by your time.

[Trading Expert]

And Rashad, real quick, before you go, can I give you guys an indicator that the market is not good? Bill Ackman gets on Twitter and tells you what to buy again, like in 2020. Hey, Fanny and Freddie are a great investment. 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. Remember when he went on CNBC and almost cried and did the little war

[Financial Analyst]

Saga and made 16, what, 6 billion right after that?

[Trading Expert]

Yes. Be mindful. At every turn we're seeing manipulation of the highest order. Look at your monthly time frame, your weekly, daily, allegedly. And if they are not all in alignment, now is not the time to buy. But when Powell is saying, yo, we need to rebalance even the United States debt to gdp, which I've talked about forever, that's a concern. When there's no growing jobs, that's a concern. There. There isn't a clear signal to buy yet if you're intraday trading to the upside.

[Financial Analyst]

Ch. Yeah, I say alleged because this we. We missed this part. Our content is intended to be used and must be used for informational purposes only. Yes, it's very important to do your own analysis before making any investment based on your own personal circumstance. You should take independent financial advice from a professional in connection with or independently research and verify any information that you find on our show and wish to rely upon whether for the purpose of making an investment decision or otherwise. People continue to do the research, continue to build knowledge, build our community, build the brokerage account. Love is love. Let's back to our regularly scheduled program.

[Trading Expert]

Taco News is fake. Fake news.

[Financial Analyst]

Taco,

[Earnest]

I will say this. We don't have the ticker this week because we have some technical difficulties. This is live. It's a live show.

[Trading Expert]

It's a live show.

[Earnest]

So we had some last minute technical difficulties, so we were not able to get the ticker as you guys have become accustomed to. But you know, the show must go on.

[Financial Analyst]

It will go on.

[Earnest]

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[Earnest]

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[Financial Analyst]

California Resident Loans made or arranged pursuant to a California Finance Law License NMLS Number 1353190 Klarner Balance Account required to be eligible for cashback points. Limitations, terms and conditions apply.

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