Advice to traders who blew up

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On this episode of the Words of Rizdom podcast we are joined by James Krieger, known online as Stockwonk. James is a Kinfo verified trader who has generated over $1.5 Million in trading profits with a documented return of more than 40,000%. Starting out like every retail trader with a small account and no guidance, James built a process rooted in discipline, data and brutal honesty about his mistakes. In this episode we break down the exact journey and trading framework that took him from blowing up early accounts to achieving one of the most impressive verified returns you’ll ever see. I hope you guys enjoy this incredible episode!

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Connect with our guests:

https://stockwonk.com

https://www.instagram.com/stockwonk/

https://www.instagram.com/james.krieger/

Track Record:

https://kinfo.com/portfolio/14851/profit

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Connect with Words of Rizdom:

https://instagram.com/wordsofrizdom

https://twitter.com/wordsof_rizdom

https://www.instagram.com/realriziqbal

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Timestamps:

00:00 From 40,000% Returns to Now – Intro

07:18 The Hardest, Easiest Money – The Reality of Trading

14:54 Risks, Blowing Up & Lessons from Early Mistakes

21:21 Recovering After Failure and Paper Trading

29:34 Scaling Back, Building Consistency and Paying Yourself

36:29 Adapting to Market Changes and New Strategies

43:42 Self-Taught Trading, Data, and Avoiding the Herd

50:53 Probabilities, Psychology, and the Role of Data

01:00:35 Rookie Mistakes, Social Media Noise & Thinking Long Term

01:06:04 Advice for Traders After Losses & Final Words

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Disclaimer:

The content on Words of Rizdom is for informational and educational purposes only and should not be considered financial, investment or trading advice. I am not a licensed financial advisor, and the strategies, opinions, and commentary shared are based on personal experience of the respective guests. We are not personally affiliated with any of the guests featured in our episodes. The views expressed by our guests are their own and do not necessarily reflect the opinions or endorsements of Words of Rizdom.

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