In this episode of The Words of Rizdom Podcast we are joined by Rake Trades ✅ 🚨 MASSIVE OFFER AT SKILLED FUNDED TRADERS 🚨 No time limit evaluation firm + Skilled Challenge with 6% Phase 1 Target! ⬇️ 12.5% OFF ALL CHALLENGES Use Code "RIZ" ⬇️ https://skilledfundedtraders.com (Lifetime Code) ⬇️ 95% First Virtual Profit Split, 85% Thereafter and 125% Refund Use Code "SKILLEDSEPTEMBER" ⬇️ https://skilledfundedtraders.com (Expires 28th September ) ⬇️ 35% OFF $5k-$25K Virtual Accounts With The 10% Virtual Drawdown Option Use Code "SFTDISCORD" ⬇️ https://skilledfundedtraders.com (Expires October 1st ) ⬇️Join the Skilled Funded Trader Discord: ⬇️ https://discord.gg/2MH4ESZ776 — TRADEZELLA: All-in-one trading journal and analytics tool that provides valuable insights, trade replay, in depth reporting, and more to gain clarity, eliminate costly mistakes, and trade smarter. ⬇️Use Code “RIZ10” for 10% off your subscription ⬇️ https://www.tradezella.com/?via=riz __ Jake's Instagram: https://instagram.com/raketrades Jake's Twitter: https://x.com/raketrades Jake's Youtube: https://youtube.com/@raketradesllc Riz’s Instagram: https://instagram.com/wordsofrizdom Riz’s Twitter: https://twitter.com/wordsof_rizdom 🔴 Free Telegram Community! 👉🏽 https://t.me/pocketsofrizdom I hope you all enjoy this episode, let me know who you'd like to see on the podcast. 🙏🏽 SUBSCRIBE BELOW! Turn your notification bell on so you can be notified when videos like this get dropped. Drop a like on the video to help this channel grow. 💪🏽 Feel free to get in touch with the details below. Where to find me: https://linktr.ee/wordsofrizdom Twitter: @Wordsof_Rizdom - https://twitter.com/wordsof_rizdom Instagram: @wordsofrizdom - https://instagram.com/wordsofrizdom Email: riz@thevipergroup.com Website: www.thevipergroup.com Viper Instagram Page: @viper.group - https://instagram.com/viper.group Timestamps: 0:00 Introduction 1:44: Rake Trades Journey 5:03: Why was Rake trades losing? 7:42: Getting out of a negative mindset and starting to trade effectively 10:37: What it's like to lose $50,000 16:52: How Rake trades made sure he never lost again 23:49 : Developing strong relationships with mentors and educators 29:58: Why taking financial hits will make you a better trader 32:56: Is there such thing as a perfect trader? 33:45: What is Success and does social media have an impact on what this looks like 44:04: Becoming a social media content creator 49:05: Experiencing hate on socials 55:02: Trading vs content creation 1:02:04 Trading with an addictive personality 1:16:15: Do drugs and alcohol help you be more creative or is it a myth? 1:32:16: Using journalling softwares 1:43:24 : Trading Styles 2:00:41: Holding on to baggage 2:11:36: Holy Grail of Trading 2:16:19 : Reason behind Rake trades tattoo & life challenges 2:24:56: Rake trade fans and events 2:32:19: Quick Fire Questions DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only Rake Trades shares his journey to success within trading. How he went from losing $50,000 trying to become successful to then making over 6 figures on single trades. He discusses having to deal with an addictive personality, how he manages to smoke weed and still stay clear and disciplined on the charts. We also talk over the power of journaling and his specific trading style. #forextrading #trading #daytrading #optionstrading