Umar Ashraf, Raja Banks, Waqar Asim, and Elliot Serge share their trading journeys and insights. They dissect the misconceptions in trading, the necessity of journaling, and the psychological challenges traders face. The conversation dives into navigating mentorship, the impact of market dynamics during political events, and the balance of intuition with data analysis. They also reflect on the evolving trading landscape and redefine success beyond financial metrics, advocating for personal growth and integrity.
02:43:33
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volunteer_activism ADVICE
Commit to One Mentor
Stick to one mentor or strategy long enough to reach an activation threshold.
Constantly bouncing between methods or mentors leads to starting over without progress.
insights INSIGHT
Respect Different Trading Styles
Trading is diverse with many viable methods; one trader's success doesn't negate another's.
Arguing over strategies on social media distracts from actual profitability.
volunteer_activism ADVICE
Understand Market and Yourself
Understand the market and understand yourself to succeed in trading.
Discipline and correcting mistakes enable consistent profitability over time.
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In this episode of The Words of Rizdom Podcast we are joined by Umar Ashraf, Raja Banks, Waqar Asim & Elliot Serge.
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Umar's Instagram: https://instagram.com/umarashraf
Umar's Twitter: https://twitter.com/umarashraf
Umar's Youtube: https://youtube.com/@UmarAshraf28
Waqar's Instagram: https://instagram.com/waqarasim
Titans of Tomorrow Podcast Channel: https://youtube.com/@titans.of.tomorrow
Waqar's Youtube Channel: https://youtube.com/@WaqarAsim.
Raja Bank's Instagram: https://instagram.com/rajabanks
Raja Bank's Twitter: https://twitter.com/rajabanks
Elliot's Instagram: https://instagram.com/the_elliot_serge
Elliot's Youtube: https://www.youtube.com/@TheElliotSerge
Riz’s Instagram: https://instagram.com/wordsofrizdom
Riz’s Twitter: https://twitter.com/wordsof_rizdom
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Timestamps:
0:00 - Introduction
1:30 - What traders are doing wrong
8:11 - Thoughts on Trading SMC
14:16 - Why you shouldn’t begin trading
25:42 - Should you journal as a trader?
46:42 - Trade Models
58:38 - A broker’s perspective on traders
1:03:51 - Trading in Flow State
1:13:24 - Childhood Trauma
1:18:37 - Following your intuition?
1:33:29 - Waqar’s journey into trading through dentistry
1:39:59 - Thoughts on Prop Firms
1:49:25 - Reinvest profits or withdraw?
2:01:30 - Pressures of being a Male in the current society
2:11:48 - How to operate at a high level
2:22:31 - Why move to Dubai?
2:37:26 - Final words
DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only
On this traders roundtable we are joined by Umar Ashraf, Raja Banks, Waqar Asim and Elliot Serge. We go over various important topics around trading and finance. We debate topics such as journaling, backtesting, strategies and lifestyle. This first of its kind roundtable provides so much value to the audience as it really goes deep into the questions everyone has.
#forextrading #trading #daytrading #optionstrading #trader
Words of Rizdom 