SHS051: The Day In The Life Of A 7 Figure Day Trader With Elijah Malone!
Intro
What does life actually look like as a full-time day trader?
Can you really make money from anywhere—even while traveling?
In this episode, Elijah Bilel sits down with Elijah Malone to break down what it really takes to succeed in trading—not just from a technical standpoint, but from a lifestyle and mindset perspective.
This conversation goes beyond surface-level trading talk…
👉 It dives into what it actually means to be self-employed through trading
Intro to Elijah Malone
Elijah Malone is the CEO of Alpha FRX, where he helps individuals learn how to trade in the forex and stock markets through:
- Mentorship programs
- Online courses
- Community-based learning
He’s built his brand around:
- Financial literacy
- Discipline
- Practical strategies for becoming profitable
👉 Check out Elijah Malone’s platform and resources here
👉 You can also access his broker and trading tools here
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Episode Overview
In this episode, we break down:
- What day trading actually looks like day-to-day
- The mindset required to succeed
- How Elijah Malone became profitable
- The pros and challenges of trading full-time
- How affiliate opportunities play a role in income
- Why most beginners struggle
Listen to the Episode
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Side Hustler’s Society Resources
Side Hustle to Full-Time Strategy Session
The Personalized Side Hustle Starter Kit
The Anatomy Of Financial Success Paperback
Can You Really Trade From Anywhere?
One of the most interesting parts of this episode:
👉 Trading while on a cruise
The Scenario
Elijah Malone documented a challenge where he aimed to make:
👉 $150,000 in a week while traveling
What Elijah Malone Showed
- Real trades
- Entries and exits
- Profits and losses
- The mental side of trading
Key Insight
👉 Trading isn’t just about strategy
👉 It’s about psychology
The Reality of Becoming Profitable
A lot of people want to get into trading…
But very few understand the process.
Elijah Malone’s Journey
- Started trading and learning on his own
- Took about 2 years to become profitable
- Eventually turned it into a business
The Problem Most Beginners Face
👉 Trying to learn everything alone
Elijah Malone’s Solution
- Mentorship
- Structured learning
- Guidance from someone experienced
Key Takeaway
👉 Speed comes from guidance
The Mindset Behind Trading Success
One of the biggest themes in this episode:
👉 Mindset is everything
What Elijah Malone Focuses On With His Students
- Discipline
- Consistency
- Perspective
Why This Matters
Because trading isn’t just technical…
👉 It’s emotional
Real Insight
👉 Most people don’t fail because of strategy
👉 They fail because of mindset
From Job Loss to Full-Time Trading
Elijah Malone shares a key turning point:
What Happened
- Lost his job during COVID
- Had been working there for years
- Needed a new direction
The Decision
👉 Go all-in on trading
Key Insight
👉 Sometimes being forced into change creates opportunity
The Truth About Trading Platforms
Another interesting discussion:
Are Traders Loyal to Platforms?
👉 Not really
Why?
Because traders look for:
- Better tools
- Faster payouts
- Better commissions
- More leverage
Example Mentioned
Genesis FX stood out because of:
- Fast withdrawals
- Strong referral program
- Features like 10x accounts
Key Takeaway
👉 The tool doesn’t matter as much as how you use it
The Affiliate Angle (Underrated Income Stream)
This is where the conversation shifts into business strategy.
Elijah’s Perspective
👉 If you’re already using something…
👉 And helping others use it…
👉 You should be monetizing it
Why This Works
Companies:
- Allocate large budgets to affiliates
- Prefer referral-based customers
- Incentivize creators to promote
Key Insight
👉 Affiliate income can stack on top of your main skill
Young and Self-Employed (Breaking the Myth)
Another strong point in this episode:
The Misconception
👉 You need to be older to become financially independent
The Reality
Both Elijah and Elijah Malone prove:
👉 You can do it in your early 20s
The Real Requirement
👉 Making the decision to pursue something different
Two Types of People
- Those who follow traditional paths
- Those who take ownership of their income
Key Takeaway
👉 Your timeline is up to you
The Bigger Lesson from This Episode
This conversation highlights something deeper:
Trading Is Just the Vehicle
👉 The real focus is:
- Skill development
- Discipline
- Monetization
Because at the end of the day
👉 The same principles apply to ANY side hustle
Final Thoughts
This episode gives a realistic look at:
👉 What it takes to make trading work
Not Just Strategy
But:
- Mindset
- Discipline
- Business thinking
Because Ultimately
👉 Freedom comes from skill + execution
Watch The Podcast On Youtube!