On this episode of the Words of Rizdom podcast we are joined by David Hale. David is a veteran trader and ex-prop firm owner that has been trading since the early 2000's. David's unique approach to trading is described in his book 'Reminiscences of a Day Trader' as "Possessing the key to a magical and highly secretive trading method". These are the methods that allow top traders to gorge on fat profits while the masses are fed generic technical methods from their gurus on Twitter and YouTube." David's incredible journey saw him become a multi-millionaire in his mid 20's to losing everything, earning $10 an hour and sleeping on his father's couch. This is an incredible episode so I hope you guys enjoy! __________________________________________ Free Telegram Community! 👉🏽 https://t.me/pocketsofrizdom Free Trading Plan 👇 https://words-of-rizdom.ck.page/0542be7af0 __________________________________________ 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 ⬇️Use Code “WOR” for 20% off your yearly subscription ⬇️ https://www.tradezella.com/?via=riz __________________________________________ The #1 Prop Firm In The Entire Industry Alpha Capital. They have their own broker, their own technology, actual institutional experience and the best community in the prop firm industry. They also still support the best trading platform for all Traders with Platform 5! 👀 Use Code "RIZ" for 20% OFF ALL Challenges. 👉 https://app.alphacapitalgroup.uk/signup/RIZ 👈 __________________________________________ David’s X Profile: https://x.com/creamtrader David’s Website: https://www.david-hale.com/ David’s Book US: https://a.co/d/fBDzbg5 David’s Book UK: https://amzn.eu/d/0aWBn9NB __________________________________________ Riz’s Instagram: https://instagram.com/wordsofrizdom Riz’s Twitter: https://twitter.com/wordsof_rizdom __________________________________________ 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. 💪🏽 __________________________________________ Timestamps: 00:00:00 - Introduction 00:04:34 - From Gambling to Trading 00:09:04 - The Importance of Trading Environment 00:13:16 - Profit Splits for Traders 00:17:19 - The Importance of Executing a Strategy with Edge 00:21:34 - Discipline and Adaptability 00:25:51 - The Importance of Discipline in Trading 00:29:50 - Glitch Trading: Taking Advantage of Inefficiencies 00:34:13 - The Debate on Algorithms in Trading 00:38:35 - Taking Advantage of Volatility in Trading 00:42:49 - The Appeal of Glitch Trading in Equities and Crypto 00:47:06 - Finding Gems on YouTube 00:51:27 - From Millionaire Trader to Financial Collapse 00:56:14 - Surviving Rock Bottom as a Trader 01:00:52 - Trading During Volatility Spikes 01:05:16 - Adapting to Different Markets 01:09:25 - Getting Your Head Straight Before Trading Again 01:13:53 - The Pain of a Trade Out of Control 01:17:55 - The Importance of Confidence in Trading 01:22:09 - The Dangers of Quitting a Job for Trading 01:26:15 - Be Careful with Online Trading Resources 01:30:30 - Barriers of Entry and Traits of a Trader 01:34:32 - The Importance of Strategy with Edge 01:38:55 - The Reality and Dangers of Trading __________________________________________ DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only __________________________________________ #trading #forex #forextrading #futures #futurestrading #daytrading #podcast #swingtrading #scalping