DiscoverHow To Trade It(Re-Air) Adventures in Trading & Travel with Teri Ijeoma, Ep #89
(Re-Air) Adventures in Trading & Travel with Teri Ijeoma, Ep #89

(Re-Air) Adventures in Trading & Travel with Teri Ijeoma, Ep #89

Update: 2021-12-02
Share

Description

Teri Ijeoma graduated from MIT and interned at Morgan Stanley, but realized she wasn’t interested in a life where she worked 24/7. So, she decided to start consulting, straight out of college. One of her clients was Teach for America, whom she ended up working with before she fully transitioned into education. Education, however, doesn’t pay well, so Teri started trading on the side to supplement her income. She calculated that if she could make $300 a day in the stock market, she could quit her job—so she did. She still remembers the first time she made a trade that was over $3,000. She was sitting at her computer at work and got a notification that her trade was filled. She made more in that one trade than her whole salary for a month. Listen to this episode of How To Trade It to hear more about her adventurous trading journey.

Subscribe to How To Trade It

You’ll want to hear this episode if you are interested in...

  • [8:16 ] How to get around the $25,000 day trading rule
  • [11:45 ] Risk tolerance and the risk vs. reward ratio
  • [25:11 ] Paying off debt with stock trading

Teri debunks common trading myths

After six years of trying to figure it out on her own, Teri started taking classes and learning from real traders. She studied risk management, stop losses, and reading charts—and things just clicked. She became more consistent after that. Her first piece of advice when you’re just starting trading? Remember to take small and consistent wins because they will eventually add up. Don’t shoot for the stars because you will lose.

Teri’s love for trading and traveling

When Teri left her job as a principal, she started traveling around the world, spending a month at a time in locations such as South Korea, Thailand, Vietnam, Australia, and Fiji. She came home for a while and finished seminary—and then she went to Israel and Italy. She didn’t save up—she was trading while she was traveling. In her previous jobs, she always put money in her 401k up to whatever dollar amount her company would match.

Teri’s trading strategy: Technical analysis

Teri has a watch-list of about 30 companies that she’s followed for a long time. She looks for healthy companies (so she wasn’t trading the airlines, even when they got really low). Teri identifies as a technical analysis trader. She primarily looks for candlestick formations that tell her where there's a lot of open buy orders or a lot of open sell orders. She tries to get in when the big banks are getting in and sell then they sell.

A simple analogy to understand shorting a stock

Teri points out that when a stock is hitting its all-time high and seems consistently high, it will eventually drop. Especially if it’s heavily overvalued. So Teri shorts the stock when the momentum of the overall market is down because the probability of your short working out is higher.

Keep listening to hear how Teri paid off all of her debt with stock trading and other notable tips she used to become a successful trader.

Resources & People Mentioned

Connect with Teri Ijeoma

Support the show (https://caseystubbs.com)
Comments 
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

(Re-Air) Adventures in Trading & Travel with Teri Ijeoma, Ep #89

(Re-Air) Adventures in Trading & Travel with Teri Ijeoma, Ep #89