On this episode of the Words of Rizdom podcast we are joined by Alistair Crooks. Ali is a UK based 7 figure asset manager with 22 years experience in the markets. He came from being £35,000 in debt, living in a one bedroom flat to managing millions in capital. In this podcast we deep dive into the prop firm industry, discuss the institutional side of trading and what it takes to become an asset manager and he reveals some of the biggest pitfalls and challenges faced by retail traders. You don't want to miss this one!

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Guest's Socials:

Website - https://www.traderssupportclub.com/

Instagram - https://www.instagram.com/alicrooksofficial/

Instagram - https://www.instagram.com/traders_support_club/

TikTok - https://www.tiktok.com/@alistaircrooks

X - https://x.com/AliCrooks

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Riz’s Instagram: https://instagram.com/wordsofrizdom

Riz’s Twitter: https://twitter.com/wordsof_rizdom

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Timestamps:

00:00:00 - Introduction

00:07:43 - The Reality of Trading in the Past

00:15:30 - Overwhelming Amount of Information in The Trading World

00:23:21 - The Illusion of Quick Success in Trading

00:31:05 - The Trap of Retirement Expectations

00:38:44 - The Importance of Trading Strategy and Data Analysis

00:46:11 - The Importance of Financial Planning

00:53:53 - The Challenge of Trading with Desperation

01:01:19 - The Dangers of Greed and Unrealistic Expectations in Trading

01:08:58 - Transitioning to Swing Trading

01:16:28 - Themes and Market Highlights

01:23:49 - Risk Management Strategies in Trading

01:31:17 - Balancing Risk and Trade Strategies

01:38:46 - The Importance of Scaling and Risk Management in Trading

01:46:13 - Experimenting with Trading Strategies

01:53:29 - Attributes Of Successful Traders

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DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only

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