Empowering Women: Expert Tips for Safe Day Trading and Financial Independence

Really Simple Investing Podcast

Erin Thompson, a financial freedom architect, shares her expertise in safe day trading and helping clients with their finances. She emphasizes the importance of investing even while paying off debt and recommends starting with small amounts of money.
"I really want to help other people, particularly women, to be able to make a plan for themselves and execute on the plan so that they can completely change their future." – Erin Thompson
Erin's journey is as fascinating as her expertise. With a background in engineering, she brings a meticulous and analytical approach to personal finance. Her transition into the financial realm was driven by a passion to help others, especially women, to demystify the stock market and build wealth confidently.
Erin teaches technical chart reading and risk management to her clients, focusing on low-risk day trading. She advises clients to look for specific patterns and trade during specific times of the day. Erin also helps clients with their money mindset and budgeting and offers classes and coaching for day trading. She believes in a comprehensive approach to financial success.

Learn more about Erin and her programs/trainings at: Learn more about Erin and her programs/trainings at: invitemoneyintoyourlife.com
Catch her on Instagram: https://www.instagram.com/invitemoneywitherin/
and Facebook: https://www.facebook.com/InviteMoneyIntoYourLife/?locale=es_ES
Main Points in the Interview

· Erin Thompson's expertise in safe day trading

· Her background in engineering and personal finance

· Approach to helping clients navigate debt, investing, and financial independence.

· She believes in investing while paying off debt.

· Different types of investing: long-term buy and hold, swing trading, day trading

· Accessibility of investing through low to no commission brokerages

· Importance of risk management and use of cash accounts in day trading

· Starting day trading with as little as $100

· Higher probability setups for trading

· Practical aspects of day trading: stop orders, setting specific trading times, active monitoring, and risk management.

· Investing while paying off debt can be beneficial due to the power of compounding interest.

· Day trading can be started with as little as $10 and there are many low to no commission brokerages available.

· Technical chart reading and risk management are important skills for day trading.

· Day trading requires identifying patterns and trading during specific times of the day.

· A comprehensive approach to financial success includes money mindset, budgeting, and long-term investing.

Chapters

00:00 Introduction and Background

02:08 Helping Clients with Debt and Investing

04:11 Investing with Small Amounts of Money

06:03 Technical Investing and Risk Management

09:29 Identifying Patterns for Day Trading

12:52 Timing and Strategies for Day Trading

15:27 Selecting Stocks for Day Trading

20:00 Classes and Coaching for Day Trading

21:20 Money Mindset and Budgeting

23:20 Risk Management and Discipline

25:05 Starting Small and Long-Term Investing

27:48 Comprehensive Approach to Financial Success

28:56 Conclusion and Contact Information

Learn how to make investing simple for anyone and get on a path toward wealth.