We have ourselves a shining example of why it is ignorant to make blanket statements when it comes to the millennial generation thanks to our guest. Ashton (alias in the chatroom, “bmxashton”) is a young guy doing all the right things. Yes, it can easily be argued that perhaps he is missing out on “things” in the short run, but looking at the big picture, he’s clearly setting himself up for success. If you are someone in younger years, I would argue this interview is a MUST LISTEN for you as you’ll see what is possible when you truly focus your mind and energy. Even if you are someone older such as myself, there is still a ton of value… for me, the biggest value was simply inspiration and motivation to keep working hard… which is something we should all be doing, no matter our age. Get ready to have excuses crushed from every direction! Let’s go!
Today we interview community member Ashton who goes by ‘bmxashton’ in the community. His introduction to the general market was a Dave Ramsey show where he talked about various ways to invest. He first invested in a CD but made hardly anything after 2 years.
Ashton initially was focused on investing but wanted to get more involved. This led him to looking into penny stocks. He was using StockTwits and while he got burned on a few he didn’t blow up his account.
He was always quite frugal with his money because he recognized very early on that he can set himself up for the future with hard work now. Ashton initially funded his swing trading account with 7-10 thousand dollars at 20 years old.
After being unable to find consistency in his swing trading, Ashton stumbled upon Clay’s live trading videos and his strategy intrigued him. Fast and consistent gains was the overall goal.
While still being in his early 20s, Ashton has 3 forms of income. This hustle has led him to have an account that is over 25 thousand dollars as to avoid the pattern day trader rule. He has also structured his other jobs to allow him to trade every morning and focus on quick fast gains.
I learned about penny stocks and the mentors that came with it. I wanted to learn all I could before jumping in.
Sometimes it would work. Just a couple pennies here and there and I’d take the small gain but most times they were selling into me.
I would try to look for potential swing trade ideas while eating lunch. It was a mess for sure.
I was more so paper trading at this time using pen and paper. I practiced for 6 months in my down time at work.
I didn’t take it that seriously at first until I realized it could be a great income source. Take it seriously and invest in education.
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